ETF Versus

SPY vs XLI

State Street SPDR S&P 500 ETF Trust vs State Street Industrial Select Sector SPDR ETF

Last updated: 2026-04-02

SPY State Street

State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. equities across growth and value styles. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 1.13%. Launched in 1993, the fund has a 33-year track record.

AUM: $712.1B ER: 0.09% Yield: 1.13% Since: 1993-01-29
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

Over the past year, XLI has significantly outperformed with a 23.4% return vs 16.0%.

Key Metrics

Metric SPY XLI
Expense Ratio 0.09% 0.09%
Dividend Yield 1.1% 1.3%
Fund Family State Street State Street
Category US Large Cap Blend US Sector - Industrials

Performance Chart

Indexed to 100 at start (5-year comparison)

80 100 120 140 160 180 2021-04 2022-06 2023-10 2024-12 2026-04
SPY +61.1%
XLI +64.2%

Performance Comparison

Period SPY XLI Difference
1 Month -3.75% -6.38% +2.63%
3 Months -4.15% +3.96% -8.11%
6 Months -2.50% +5.87% -8.37%
YTD -4.15% +3.96% -8.11%
1 Year +16.00% +23.44% -7.44%
3 Years +59.35% +62.04% -2.69%
5 Years +61.15% +64.24% -3.09%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPY Fees XLI Fees You Save
$10,000 10 years $179 $179 $0
$10,000 20 years $771 $771 $0
$10,000 30 years $2,486 $2,486 $0
$50,000 10 years $896 $896 $0
$50,000 30 years $12,428 $12,428 $0
$100,000 30 years $24,855 $24,855 $0

Risk Metrics

Based on 5 years of daily returns

Metric SPY XLI
Annualized Volatility 17.1% 17.2%
Max Drawdown -25.4% -22.7%
Sharpe Ratio 0.38 0.40

Dividend Comparison

Metric SPY XLI
Annual Dividend (per share) $7.38 $2.05
Dividend Yield 1.13% 1.25%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

SPY Top Holdings

NameWeight
NVIDIA Corp775.46%
Apple Inc687.37%
Microsoft Corp615.05%
Amazon.com Inc384.22%
Broadcom Inc279.66%
Alphabet Inc249.68%
Meta Platforms Inc245.99%
Tesla Inc216.23%
Berkshire Hathaway Inc157.72%

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 XLI if...

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

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