Which returned more over the last year, IVV or XLI?

In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and XLI +10.2%.

Which is cheaper, IVV or XLI?

IVV is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IVV and XLI overlap with the S&P 500?

By their latest filed holdings, 100% of IVV and 100% of XLI by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IVV vs XLI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IVV returned +13.7% to XLI's +10.2%; 8% of their weight is in the same names.

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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $30.8bn for State Street Industrial Select Sector SPDR ETF.

IVV on its own →XLI on its own →

At a glance

+13.7%

IVV total return, 1 year

+10.2%

XLI total return, 1 year

0.03%

IVV expense ratio

0.08%

XLI expense ratio

Pair scorecard

IVV costs 0.05 points a year less; their one-year returns differ by 3.5 points; IVV is far larger, $885.1bn against $30.8bn.

IVV vs XLI: Differences, Returns & Fees
Measure	IVV	XLI
Return
Measure	IVV	XLI
Total return, 1 year	+13.7%	+10.2%
Drawdown
Measure	IVV	XLI
Below its high		9.4%, high on Aug 14, 2026
Benchmark
Measure	IVV	XLI
What it tracks	S&P 500	Industrial Select Sector Index
Cost and size
Measure	IVV	XLI
Expense ratio	0.03%	0.08%
Net assets, as of Oct 27, 2026	$885.1bn	$30.8bn
Holdings
Measure	IVV	XLI
Holdings in common	8%
Top ten holdings, share of the fund	38.1%	37.8%

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

What they share

By the books each fund has filed, IVV and XLI hold 8% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first IVV XLI

CATERPILLAR INC 0.49% 6.14%

GE AEROSPACE 0.46% 5.79%

RTX 0.39% 4.91%

GE VERNOVA 0.36% 4.47%

UNION PACIFIC 0.27% 3.34%

DEERE 0.24% 3.01%

EATON PLC 0.22% 2.79%

UBER TECHNOLOGIES 0.20% 2.52%

BOEING 0.20% 2.49%

LOCKHEED MARTIN 0.19% 2.37%

AUTOMATIC DATA PROCESSING INC 0.17% 2.18%

PARKER-HANNIFIN 0.17% 2.13%

Only in one fund ↓

Only in IVV

NVIDIA 7.92%

APPLE 7.61%

MICROSOFT 5.93%

AMAZON.COM INC 3.73%

ALPHABET CLASS A 2.83%

BROADCOM INC 2.45%

ALPHABET CLASS C 2.26%

META PLATFORMS CLASS A 2.05%

Only in XLI

INGERSOLL RAND INC 0.49%

XAI EMINI INDUSTR DEC26 -0.00%

Check overlap with more funds →

Side by side

IVV iShares Core S&P 500 ETF XLI State Street Industrial Select Sector SPDR ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks the S&P 500 Tracks an index of Industrials

Total return, 1 year +13.7% +10.2%

Its benchmark over the same days +13.6% (SPY) +13.6% (SPY)

Gap to its benchmark +0.1 pts vs SPY −3.4 pts vs SPY

Expense ratio 0.03% 0.08%

Already in the S&P 500 99.8% 99.9%

Holdings 505 84

Net assets, as of Oct 27, 2026 $885.1bn $30.8bn

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

Alert

About each fund

IVV

IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% 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 505 positions, with the top ten at 38.1%.

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, IVV or XLI?: In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and XLI +10.2%.
Which is cheaper, IVV or XLI?: IVV is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IVV and XLI overlap with the S&P 500?: By their latest filed holdings, 100% of IVV and 100% of XLI by weight is stocks the S&P 500 already holds.

Other comparisons

IVV vs XLC IVV vs XLF IVV vs XLP IVV vs SCHH SPY vs XLI VOO vs XLI VTI vs XLI RDVY vs XLI

Where to next

IVV on its own →XLI on its own →Hold both: look the portfolio through →Rankings →IVV dividend history →IVV holdings →XLI dividend history →XLI holdings →Standards and sources →

Sources and dates

IVV filings on SEC EDGAR ↗

IVV prospectus with the expense ratio (SEC) ↗

iShares page for IVV ↗

XLI filings on SEC EDGAR ↗

XLI prospectus with the expense ratio (SEC) ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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ETFIQ, IVV against XLI, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-xli

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.