Data as of Oct 28, 2026.
XLI vs XLII: Differences, Returns & Fees
Over the year to Oct 28, 2026, XLI returned +10.2% to XLII's +9.8%, and XLI charges 0.08% to XLII's 0.35%.
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Net assets on Oct 27, 2026: $30.8bn for State Street Industrial Select Sector SPDR ETF and $17m for State Street Industrial Select Sector SPDR Premium Income ETF.
Pair scorecard
XLI costs 0.27 points a year less; their one-year returns differ by 0.4 points; XLI is far larger, $30.8bn against $17m.
| Measure | XLI | XLII |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.2% | +9.8% |
| Price change, 1 year | rose 8.9% | fell 3.4% |
| Latest payout, annualized | 14.8% | |
| Return of capital, issuer estimate | 80% of the Oct 5, 2026 payment | |
| Drawdown | ||
| Below its high | 9.4%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Industrial Select Sector Index | Benchmark: Industrials, measured through XLI |
| Cost and size | ||
| Expense ratio | 0.08% | 0.35% |
| Net assets, as of Oct 27, 2026 | $30.8bn | $17m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 37.8% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 8, 2025 to Oct 23, 2026 · 63 weekly returnsEach against its own benchmark: XLI against SPY, Dec 31, 1998 to Oct 23, 2026; XLII against XLI, Aug 8, 2025 to Oct 23, 2026.
XLII returned more: +12.6% to +10.8%. XLII swung less: 9.6% to 12.9%. XLII fell less at its worst: −9.4% to −11.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | XLI | XLII | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +10.8% | +12.6% | XLII | Price change plus distributions, reinvested. |
| Annualized | +8.9% | +10.3% | XLII | Total return as a yearly rate. |
| Price return | +9.1% | −3.4% | XLI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.9% | 9.6% | XLII | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.4% | 6.6% | XLII | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.5% | −9.4% | XLII | Deepest fall from a high to the low after it. |
| Upside capture | 105.9% | 70.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 102.2% | 75.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.03 | 0.70 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.79 | 0.90 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.42 | 0.67 | XLII | Return above Treasury bills per unit of volatility. |
| Sortino | 0.65 | 0.97 | XLII | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.087 | 0.091 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.77 | 1.09 | XLII | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | XLI | The ETF each fund is measured against. | |
| Alpha | +0.6% a year | +2.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.35 | 0.92 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.9% to +4.1% | −3.0% to +8.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.10 | 0.19 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 9.4% | 4.9% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 63 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, XLI and XLII 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
XLI and XLII on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
XLI and XLII do different jobs. What does each one do in a portfolio?
- What each follows. XLI follows Industrial Select Sector Index and XLII is measured against Industrials through XLI.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. XLI charges 0.08% of assets a year and XLII 0.35%, a gap of 0.27 points.
Data as of Oct 28, 2026.
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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.
XLII
Over the year to Oct 28, 2026, XLII paid 12.9% of its starting value in cash distributions while its price fell 3.4%. With every distribution reinvested, the fund returned +9.8%. Industrials (XLI) returned +10.2% over the same days, so a holder was about even. At its price on Oct 28, 2026 the latest distribution annualizes to 14.8%, paid monthly. State Street estimates that 80% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are XLI and XLII in the same category?
- XLI is a stock ETF and XLII is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, XLI or XLII?
- In the year to Oct 28, 2026, with distributions reinvested, XLI returned +10.2% and XLII +9.8%.
- Which is cheaper, XLI or XLII?
- XLI is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
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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, XLI against XLII, data as of Oct 28, 2026. https://etfiq.com/compare/any/xli-vs-xlii
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