Data as of Oct 28, 2026.
XLF vs XLI: Differences, Returns & Fees
Over the year to Oct 28, 2026, XLF returned +7.6% to XLI's +10.2%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $51.6bn for State Street Financial Select Sector SPDR ETF and $30.8bn for State Street Industrial Select Sector SPDR ETF.
Pair scorecard
Both cost 0.08% a year; their one-year returns differ by 2.6 points; XLF is 1.7 times larger.
Points (pts) are percentage points.
| Measure | XLF | XLI |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.6% | +10.2% |
| Drawdown | ||
| Below its high | 3.8%, high on Sep 3, 2026 | 9.4%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | Financial Select Sector Index | Industrial Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.08% |
| Net assets, as of Oct 27, 2026 | $51.6bn | $30.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 57.4% | 37.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Dec 31, 1998 to Oct 23, 2026 · 1,451 weekly returnsXLI returned more: +998.8% to +402.6%. XLI swung less: 20.6% to 26.2%. XLI fell less at its worst: −61.6% to −82.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | XLF | XLI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +402.6% | +998.8% | XLI | Price change plus distributions, reinvested. |
| Annualized | +6.0% | +9.0% | XLI | Total return as a yearly rate. |
| Price return | +138.5% | +570.3% | XLI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 26.2% | 20.6% | XLI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.8% | 14.4% | XLI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −82.7% | −61.6% | XLI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.28 | 0.44 | XLI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.42 | 0.62 | XLI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.07 | 0.15 | XLI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,451 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, XLF and XLI hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
XLF and XLI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
XLF and XLI do different jobs. What does each one do in a portfolio?
- What each follows. XLF follows Financial Select Sector Index and XLI follows Industrial Select Sector Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 XLF returned +7.6% and XLI +10.2% with distributions reinvested, a gap of 2.6 points.
Data as of Oct 28, 2026.
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XLF
XLF tracks an index of Financials. Over the year to Oct 28, 2026 it returned +7.6% with distributions reinvested. 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 77 positions, with the top ten at 57.4%. It sat 3.8% below its high of Sep 3, 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. 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
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, XLF against XLI, data as of Oct 28, 2026. https://etfiq.com/compare/any/xlf-vs-xli
ETFIQ. (Oct 28, 2026). XLF against XLI. Retrieved from https://etfiq.com/compare/any/xlf-vs-xli
[XLF against XLI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/xlf-vs-xli)
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