Data as of Oct 28, 2026.

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EMXC vs XLI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EMXC returned +33.8% to XLI's +10.2%; 0% of their weight is in the same names.

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Net assets: $26.9bn on Oct 28, 2026 for iShares MSCI Emerging Markets ex China ETF, and $30.8bn on Oct 27, 2026 for State Street Industrial Select Sector SPDR ETF.

At a glance
+33.8%
EMXC total return, 1 year
+10.2%
XLI total return, 1 year
0.25%
EMXC expense ratio
0.08%
XLI expense ratio

Pair scorecard

XLI costs 0.17 points a year less; their one-year returns differ by 23.6 points; XLI is 1.2 times larger.

EMXC vs XLI: Differences, Returns & Fees
MeasureEMXCXLI
Return
Total return, 1 year+33.8%+10.2%
Drawdown
Below its high11.3%, high on Jun 22, 20269.4%, high on Aug 14, 2026
Benchmark
What it tracksMSCI Emerging Markets ex China IndexIndustrial Select Sector Index
Cost and size
Expense ratio0.25%0.08%
Net assets, as of Oct 27, 2026$26.4bn$30.8bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund42.2%37.8%

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

What they share

0%

By the books each fund has filed, EMXC 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 EMXC XLI
Only in one fund ↓
Only in EMXC
TAIWAN SEMICONDUCTOR MANUFACTURING 19.91%
SAMSUNG ELECTRONICS LTD 8.58%
SK HYNIX 6.12%
MEDIATEK 1.92%
SAMSUNG ELECTRONICS NON VOTING PRE 1.14%
HON HAI PRECISION INDUSTRY 1.02%
DELTA ELECTRONICS 0.99%
HDFC BANK 0.89%
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

EMXC iShares MSCI Emerging Markets ex China ETF XLI State Street Industrial Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Emerging Markets ex China Tracks an index of Industrials
Total return, 1 year +33.8% +10.2%
Its benchmark over the same days +37.0% (KEMX) +13.6% (SPY)
Gap to its benchmark −3.2 pts vs KEMX −3.4 pts vs SPY
Expense ratio 0.25% 0.08%
Already in the S&P 500 0.0% 99.9%
Holdings 696 84
Net assets, EMXC as of Oct 28, 2026 and XLI as of Oct 27, 2026 $26.9bn $30.8bn

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

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About each fund
EMXC

EMXC tracks the MSCI Emerging Markets ex China. Over the year to Oct 28, 2026 it returned +33.8% with distributions reinvested, against +37.0% for its benchmark, the MSCI Emerging Markets ex China Index. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 696 positions, with the top ten at 42.2%. It sat 11.3% below its high of Jun 22, 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, EMXC or XLI?
In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and XLI +10.2%.
Which is cheaper, EMXC or XLI?
XLI is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EMXC and XLI overlap with the S&P 500?
By their latest filed holdings, 0% of EMXC and 100% of XLI by weight is stocks the S&P 500 already holds.
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ETFIQ, EMXC against XLI, data as of Oct 28, 2026. https://etfiq.com/compare/any/emxc-vs-xli

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