State Street Industrial Select Sector SPDR ETF
XLI SectorUpdated: Jul 5, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| Caterpillar Inc | CAT | 7.55% | |
| GE Aerospace | GE | 6.29% | |
| GE Vernova Inc | GEV | 4.84% | |
| RTX Corp | RTX | 4.47% | |
| Boeing Co | BA | 3.36% | |
| Union Pacific Corp | UNP | 2.89% | |
| Eaton Corp PLC | ETN | 2.88% | |
| Honeywell International Inc | HON | 2.8% | |
| Uber Technologies Inc | UBER | 2.68% | |
| Deere & Co | DE | 2.53% |
Sector Allocation
About This ETF
The State Street Industrial Select Sector SPDR ETF (XLI) is a Sector ETF with an expense ratio (TER) of 0.08% and $30.2B in assets under management., with its largest holdings being Caterpillar Inc, GE Aerospace, GE Vernova Inc. The ETF currently yields 1.18% in dividends. Year-to-date, XLI has returned +17.03%. With an expense ratio of just 0.08%, it is one of the cheapest ETFs in its category.
Under normal market conditions, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Industrial companies by the Global Industry Classification Standard, including securities of companies from the following industries: aerospace and defense; industrial conglomerates; marine transportation. It is non-diversified.
FAQ — XLI
What is the TER of XLI (State Street Industrial Select Sector SPDR ETF)?
XLI has a Total Expense Ratio (TER) of 0.08 % per year. That sits at the sector category median (0.08 % across 13 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has XLI delivered?
Performance for XLI: YTD: +17.03 % · 3-year p.a.: +21.39 % · 5-year p.a.: +13.93 %. Over 5 years, XLI outperforms the sector category median of +6.75 % by +7.18 pp. Past performance is no guarantee of future returns.
What are the top holdings of XLI?
The five largest positions in XLI are: CAT, GE, GEV, RTX, BA. The full holdings list is updated daily on this page.
Does XLI pay dividends?
XLI has a current dividend yield of 1.18 %. Distributing ETFs pay this out in cash; accumulating versions reinvest it inside the fund. Check the share class on your broker before buying.
Where can I buy or set up a savings plan for XLI?
XLI is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What is the Industrial Select Sector SPDR ETF (XLI)?
The Industrial Select Sector SPDR ETF (XLI) from State Street packages the industrial constituents of the S&P 500 into a single, low-cost vehicle. With an expense ratio of just 0.08% and roughly $30.1B in assets, it ranks among the largest sector ETFs available. Heavyweights such as Caterpillar, GE Aerospace and RTX make it a direct mirror of the U.S. industrial cycle – spanning machinery, aerospace and defense, and rail logistics.
Performance and Drivers
XLI shows a year-to-date return of 10.32%, with a three-year return of 22.83% and a five-year return of 12.33%. The fund currently trades at 85.7% of its 52-week range (low $140.84, high $179.31), near the upper end. Performance is driven by the capital-expenditure cycle in infrastructure, defense and the energy transition, plus the strong showing of aerospace names like GE Aerospace and RTX. Because industrials are cyclical, returns track new-order momentum, interest rates and global trade closely. The dividend yield is a modest 1.17%.
Risk Profile
XLI is a sector ETF and therefore concentrated by design: roughly 93.73% sits in industrials, complemented by a small technology allocation. This single-sector concentration amplifies swings, since no defensive industries offset declines. Industrial stocks are highly cyclical and sensitive to recessions, rising rates and trade conflicts. There is also meaningful single-name concentration at the top, for example Caterpillar and GE Aerospace.
- Economic risk: downturns hit capital goods harder than average.
- Concentration risk: a large share rests in a few heavyweights.
- Currency risk: the fund is denominated in USD – for euro-area investors, the value also fluctuates with the EUR/USD exchange rate.
Who Is It Suitable For?
XLI suits investors with a long-term horizon who want targeted exposure to the U.S. industrial sector and themes such as infrastructure, aerospace and automation. It works as a tactical satellite position within a diversified portfolio rather than a core holding. Those convinced of rising capital expenditure and a resilient economic cycle gain a low-cost instrument here.
It is less appropriate for safety-focused investors, anyone seeking broad diversification across many sectors, and income investors – the 1.17% dividend yield is low. For a short investment horizon, the cyclical volatility is also problematic.
How It Compares to Peers
Several alternatives from other issuers cover U.S. industrials:
- Vanguard Industrials ETF (VIS): broader, holding considerably more names at similarly low cost; good for investors wanting more mid-cap exposure.
- Fidelity MSCI Industrials Index ETF (FIDU): a low-cost representation of the whole industrials sector via a different index.
- iShares U.S. Industrials ETF (IYJ): sometimes includes industrial-adjacent technology names, but typically carries a higher fee.
XLI stands out for deep liquidity, a very low 0.08% expense ratio and a tight link to the S&P 500 industrial heavyweights.
Where can I buy XLI?
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