Data as of Oct 28, 2026.

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EMB vs XLI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EMB returned −0.4% to XLI's +10.2%; 0% of their weight is in the same names.

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Net assets: $13.2bn on Oct 28, 2026 for iShares J.P. Morgan USD Emerging Markets Bond ETF, and $30.8bn on Oct 27, 2026 for State Street Industrial Select Sector SPDR ETF.

At a glance
−0.4%
EMB total return, 1 year
+10.2%
XLI total return, 1 year
0.39%
EMB expense ratio
0.08%
XLI expense ratio

Pair scorecard

XLI costs 0.31 points a year less; their one-year returns differ by 10.6 points; XLI is 2.3 times larger.

EMB vs XLI: Differences, Returns & Fees
MeasureEMBXLI
Return
Total return, 1 year−0.4%+10.2%
Drawdown
Below its high3.5%, high on Jun 29, 20269.4%, high on Aug 14, 2026
Benchmark
What it tracksJ.P. Morgan EMBI Global Core IndexIndustrial Select Sector Index
Cost and size
Expense ratio0.39%0.08%
Net assets, as of Oct 27, 2026$13.2bn$30.8bn
Holdings
Holdings in common0%
In the S&P 500, by weight100%
Top ten holdings, share of the fund37.8%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, EMB and XLI hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EMB XLI
Only in one fund ↓
Only in EMB
ARGENTINA REPUBLIC OF GOVERNMENT 1.08%
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 0.76%
ARGENTINA REPUBLIC OF GOVERNMENT 0.65%
ARGENTINA REPUBLIC OF GOVERNMENT 0.64%
GHANA (REPUBLIC OF) DISCO RegS 0.56%
URUGUAY (ORIENTAL REPUBLIC OF) 0.54%
ARGENTINA REPUBLIC OF GOVERNMENT 0.52%
EAGLE FUNDING LUXCO SARL RegS 0.52%
Only in XLI
CATERPILLAR INC 6.14%
GENERAL ELECTRIC 5.79%
RTX CORP 4.91%
GE VERNOVA INC 4.47%
UNION PACIFIC CORP 3.34%
DEERE + CO 3.01%
EATON CORP PLC 2.79%
UBER TECHNOLOGIES INC 2.52%
Check overlap with more funds →

Side by side

EMB iShares J.P. Morgan USD Emerging Markets Bond ETF XLI State Street Industrial Select Sector SPDR ETF
Where it sits Bond ETF Stock ETF
What it is Tracks the J.P. Morgan USD Emerging Markets Bond Tracks an index of Industrials
Total return, 1 year −0.4% +10.2%
Its benchmark over the same days not measured +13.6% (SPY)
Gap to its benchmark not measured −3.4 pts vs SPY
Expense ratio 0.39% 0.08%
Holdings 622 84
Net assets, EMB as of Oct 28, 2026 and XLI as of Oct 27, 2026 $13.2bn $30.8bn

EMB and XLI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 2026 on Oct 28, 2026.

XLI

XLI tracks an index of Industrials. Over the year to Oct 28, 2026 it returned +10.2% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 84 positions, with the top ten at 37.8%. It sat 9.4% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EMB or XLI?
In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and XLI +10.2%.
Which is cheaper, EMB or XLI?
XLI is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, EMB against XLI, data as of Oct 28, 2026. https://etfiq.com/compare/any/emb-vs-xli

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