Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SDY vs XLI: how they differ
SDY and XLI hold 13% of their weight in the same names, and XLI returned more over the year.
State Street(R) SPDR(R) S&P(R) Dividend ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, SDY and XLI hold 13% of their money in the same securities at the same weight.
| Holding | SDY | XLI |
|---|---|---|
| Automatic Data Processing Inc | 1.54% | 1.55% |
| Illinois Tool Works Inc | 1.03% | 1.23% |
| Fastenal Co | 0.91% | 0.96% |
| Lockheed Martin Corp | 0.85% | 1.79% |
| General Dynamics Corp | 0.84% | 1.56% |
| Emerson Electric Co | 0.70% | 1.39% |
| Cummins Inc | 0.69% | 1.71% |
| Waste Management Inc | 0.68% | 1.43% |
| CSX Corp | 0.62% | 1.53% |
| L3Harris Technologies Inc | 0.52% | 0.94% |
| Republic Services Inc | 0.49% | 0.74% |
| Caterpillar Inc | 0.47% | 8.52% |
| Only in SDY | Only in XLI |
|---|---|
| Verizon Communications Inc 2.15% | General Electric Co 6.77% |
| Realty Income Corp 2.14% | GE Vernova Inc 5.48% |
| Kenvue Inc 1.76% | RTX Corp 4.44% |
| Kimberly-Clark Corp 1.75% | Boeing Co/The 2.96% |
| AbbVie Inc 1.63% | Eaton Corp PLC 2.87% |
| QUALCOMM Inc 1.57% | Union Pacific Corp 2.81% |
| Texas Instruments Inc 1.56% | Deere & Co 2.77% |
| Target Corp 1.55% | Uber Technologies Inc 2.55% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
| SDY State Street(R) SPDR(R) S&P(R) Dividend ETF | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | State Street |
| What it is | SPDR S&P Dividend | Industrials |
| Total return, 1 year | +11.0% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −6.5 pts | −3.3 pts |
| Expense ratio | 0.35% | 0.08% |
| Already in the S&P 500 | 84.6% | 100.0% |
| Holdings | 155 | 81 |
SDY in plain words
SDY is an index equity fund tracking the SPDR S&P Dividend. Over the year to Sep 11, 2026 it returned +11.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jun 30, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 155 positions, with the top ten at 17.1%. It sat 3.9% below its high of Aug 24, 2026 on Sep 11, 2026.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 81 positions, with the top ten at 41.4%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SDY or XLI?
- In the year to Sep 12, 2026, with distributions reinvested, SDY returned +11.0% and XLI returned +14.3%, so XLI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SDY or XLI?
- SDY charges 0.35% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do SDY and XLI overlap with the S&P 500?
- By their latest filed holdings, 85% of SDY and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 13% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SDY against XLI, data as of Sep 12, 2026. https://etfiq.com/compare/any/SDY-XLI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources