Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
EEM vs XLI: how they differ
EEM and XLI hold 0% of their weight in the same names, and EEM returned more over the year.
iShares MSCI Emerging Markets ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, EEM and XLI hold 0% of their money in the same securities at the same weight.
| Only in EEM | Only in XLI |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING 15.18% | CATERPILLAR INC 6.92% |
| SAMSUNG ELECTRONICS LTD 7.46% | GENERAL ELECTRIC 6.32% |
| SK HYNIX 6.07% | RTX CORP 4.98% |
| TENCENT HOLDINGS 2.65% | GE VERNOVA INC 4.64% |
| ALIBABA GROUP HOLDING 1.82% | DEERE + CO 3.18% |
| MEDIATEK 1.71% | UNION PACIFIC CORP 3.17% |
| SAMSUNG ELECTRONICS NON VOTING PRE 0.97% | BOEING CO/THE 3.02% |
| CHINA CONSTRUCTION BANK CORP H 0.83% | EATON CORP PLC 2.97% |
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 Sep 10, 2026.
| EEM iShares MSCI Emerging Markets ETF | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | Emerging markets | Industrials |
| Total return, 1 year | +32.3% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +14.8 pts | −3.3 pts |
| Expense ratio | 0.72% | 0.08% |
| Already in the S&P 500 | 0.0% | 100.0% |
| Holdings | 965 | 85 |
EEM in plain words
EEM is an index equity fund tracking the Emerging markets. Over the year to Sep 11, 2026 it returned +32.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.72% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 965 positions, with the top ten at 38.3%. It sat 4.7% below its high of Jun 22, 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 Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 85 positions, with the top ten at 40.2%. 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, EEM or XLI?
- In the year to Sep 13, 2026, with distributions reinvested, EEM returned +32.3% and XLI returned +14.3%, so EEM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EEM or XLI?
- EEM charges 0.72% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do EEM and XLI overlap with the S&P 500?
- By their latest filed holdings, 0% of EEM and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
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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, EEM against XLI, data as of Sep 13, 2026. https://etfiq.com/compare/any/eem-vs-xli Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources