ETF Versus

SPDW vs XLI

State Street SPDR Portfolio Developed World ex-US ETF vs State Street Industrial Select Sector SPDR ETF

Last updated: 2026-04-02

SPDW State Street

State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is an exchange-traded fund issued by State Street that provides exposure to equities in developed international markets outside the U.S.. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 3.19%. Launched in 2007, the fund has a 19-year track record.

AUM: N/A ER: 0.03% Yield: 3.19% Since: 2007-04-26
XLI State Street

State Street Industrial Select Sector SPDR ETF (XLI) is an exchange-traded fund issued by State Street that provides exposure to us sector - industrials securities. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 1.25%. Launched in 1998, the fund has a 28-year track record.

AUM: $25.6B ER: 0.09% Yield: 1.25% Since: 1998-12-22

Quick Verdict

SPDW has a slightly lower expense ratio (0.03% vs 0.09%), saving about $119 per $10,000 over 10 years. SPDW has edged ahead over the past year (25.6% vs 23.4%). Income investors may prefer SPDW for its higher yield (3.2% vs 1.3%).

Key Metrics

Metric SPDW XLI
Expense Ratio 0.03% 0.09%
Dividend Yield 3.2% 1.3%
Fund Family State Street State Street
Category International Developed US Sector - Industrials

Performance Chart

Indexed to 100 at start (5-year comparison)

70 92 114 136 158 180 2021-04 2022-06 2023-10 2024-12 2026-04
SPDW +26.6%
XLI +64.2%

Performance Comparison

Period SPDW XLI Difference
1 Month -2.87% -6.38% +3.51%
3 Months +2.43% +3.96% -1.53%
6 Months +5.33% +5.87% -0.54%
YTD +2.43% +3.96% -1.53%
1 Year +25.60% +23.44% +2.16%
3 Years +42.12% +62.04% -19.92%
5 Years +26.60% +64.24% -37.64%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPDW Fees XLI Fees You Save
$10,000 10 years $60 $179 $119
$10,000 20 years $258 $771 $512
$10,000 30 years $835 $2,486 $1,650
$50,000 10 years $299 $896 $597
$50,000 30 years $4,176 $12,428 $8,252
$100,000 30 years $8,352 $24,855 $16,503

Risk Metrics

Based on 5 years of daily returns

Metric SPDW XLI
Annualized Volatility 16.3% 17.2%
Max Drawdown -33.0% -22.7%
Sharpe Ratio 0.10 0.40

Dividend Comparison

Metric SPDW XLI
Annual Dividend (per share) $1.47 $2.05
Dividend Yield 3.19% 1.25%
Distribution Frequency Semi-Annual or Annual Quarterly

Top Holdings

XLI Top Holdings

NameWeight
General Electric Co680.74%
Caterpillar Inc561.69%
RTX Corp515.19%
GE Vernova Inc371.52%
Boeing Co/The356.20%
Uber Technologies Inc355.71%
Union Pacific Corp287.47%
Honeywell International Inc259.50%
Eaton Corp PLC259.19%
Deere & Co245.23%

Which One Should You Choose?

Choose SPDW if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SPDW if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SPDW if...

you prioritize dividend income and want higher regular distributions from your portfolio.

Related Comparisons

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