Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
XLF vs XLI: how they differ
XLF and XLI hold 0% of their weight in the same names, and XLI returned more over the year.
State Street(R) Financial Select Sector SPDR(R) ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, XLF and XLI hold 0% of their money in the same securities at the same weight.
| Holding | XLF | XLI |
|---|---|---|
| SSI US GOV MONEY MARKET CLASS | 0.15% | 0.07% |
| Only in XLF | Only in XLI |
|---|---|
| JPMORGAN CHASE + CO 11.81% | CATERPILLAR INC 6.92% |
| BERKSHIRE HATHAWAY INC CL B 11.59% | GENERAL ELECTRIC 6.32% |
| VISA INC CLASS A SHARES 7.60% | RTX CORP 4.98% |
| MASTERCARD INC A 5.69% | GE VERNOVA INC 4.64% |
| BANK OF AMERICA CORP 5.09% | DEERE + CO 3.18% |
| GOLDMAN SACHS GROUP INC 3.75% | UNION PACIFIC CORP 3.17% |
| WELLS FARGO + CO 3.41% | BOEING CO/THE 3.02% |
| MORGAN STANLEY 3.18% | 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.
| XLF State Street(R) Financial Select Sector SPDR(R) 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 | Financials | Industrials |
| Total return, 1 year | +7.6% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −9.9 pts | −3.3 pts |
| Expense ratio | 0.08% | 0.08% |
| Already in the S&P 500 | 100.0% | 100.0% |
| Holdings | 79 | 85 |
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% 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 79 positions, with the top ten at 57.3%.
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. 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, XLF or XLI?
- In the year to Sep 13, 2026, with distributions reinvested, XLF returned +7.6% and XLI returned +14.3%, so XLI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, XLF or XLI?
- XLF charges 0.08% a year and XLI charges 0.08%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do XLF and XLI overlap with the S&P 500?
- By their latest filed holdings, 100% of XLF 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.
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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, XLF against XLI, data as of Sep 13, 2026. https://etfiq.com/compare/any/xlf-vs-xli Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources