Data as of Oct 28, 2026.
XLI vs XLY: Differences, Returns & Fees
Over the year to Oct 28, 2026, XLI returned +10.2% to XLY's −3.6%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $30.8bn for State Street Industrial Select Sector SPDR ETF and $22.4bn for State Street Consumer Discretionary Select Sector SPDR ETF.
Pair scorecard
Both cost 0.08% a year; their one-year returns differ by 13.8 points; XLI is 1.4 times larger.
Points (pts) are percentage points.
| Measure | XLI | XLY |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.2% | −3.6% |
| Drawdown | ||
| Below its high | 9.4%, high on Aug 14, 2026 | 6.8%, high on Jan 12, 2026 |
| Benchmark | ||
| What it tracks | Industrial Select Sector Index | Consumer Discretionary Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.08% |
| Net assets, as of Oct 27, 2026 | $30.8bn | $22.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 37.8% | 68.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Dec 31, 1998 to Oct 23, 2026 · 1,451 weekly returns · each against SPYXLY returned slightly more: +1,083.0% to +998.8%. XLI swung slightly less: 20.6% to 22.0%. XLY fell slightly less at its worst: −58.4% to −61.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | XLI | XLY | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +998.8% | +1,083.0% | +897.4% | XLY (slight) | Price change plus distributions, reinvested. |
| Annualized | +9.0% | +9.3% | +8.6% | XLY (slight) | Total return as a yearly rate. |
| Price return | +570.3% | +765.7% | +516.3% | XLY | Price change alone, distributions left out. |
| Risk | |||||
| Volatility | 20.6% | 22.0% | 17.7% | XLI (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.4% | 15.0% | 12.6% | XLI (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −61.6% | −58.4% | −54.6% | XLY (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 105.9% | 118.0% | 100.0% | XLY | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 102.2% | 106.8% | 100.0% | XLI (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.03 | 1.10 | 1.00 | XLI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.79 | 0.77 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.44 | 0.43 | 0.46 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 0.64 | 0.64 | XLY (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.087 | 0.087 | 0.081 | Tie | Return above Treasury bills per unit of beta. |
| Calmar | 0.15 | 0.16 | 0.16 | XLY (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +0.6% a year | +0.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.35 | 0.34 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.9% to +4.1% | −3.2% to +4.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.10 | 0.14 | XLY | Return against its benchmark per unit of tracking error. | |
| Tracking error | 9.4% | 10.6% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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, XLI and XLY 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 XLY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
XLI and XLY do different jobs. What does each one do in a portfolio?
- What each follows. XLI follows Industrial Select Sector Index and XLY follows Consumer Discretionary 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 XLI returned +10.2% and XLY −3.6% with distributions reinvested, a gap of 13.8 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.
XLY
XLY tracks an index of Consumer discretionary. Over the year to Oct 28, 2026 it returned −3.6% 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 48 positions, with the top ten at 68.5%. It sat 6.8% below its high of Jan 12, 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, XLI against XLY, data as of Oct 28, 2026. https://etfiq.com/compare/any/xli-vs-xly
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[XLI against XLY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/xli-vs-xly)
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