State Street Industrial Select Sector SPDR ETF (XLI)

Market Price (8/16/2026): $186.31

State Street Industrial Select Sector SPDR ETF (XLI)

Market Price (8/16/2026): $186.31

Key Takeaways

XLI has returned +20.6% YTD vs +14.2% for SPY; +25.3% over the past 12 months (SPY +21.7%). details →
Priced in gold, XLI has returned -21.2% over the past 3 years, vs +81.7% in dollars — its dollar gains have lagged gold. details →
Over the past month, XLI has seen net inflows of +$121M (+0.4% of assets). details →
XLI's portfolio trades at 25.2x forward earnings — a 220% premium to SPY (7.9x). details →
XLI is trading at an all-time high. details →

Last updated: 8/15/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with XLI

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+11.6%

Volatility

12.5%

Sharpe

0.72

YTD

+12.9%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	XLI	25.0%	0.4%	0.7%	3.5%	20.6%
Bond	BND	50.0%	-0.2%	-0.1%	-0.3%	-0.1%
Gold	GLD	10.0%	0.6%	0.8%	10.0%	1.3%
Commodity	DBC	2.5%	0.7%	3.8%	5.4%	34.2%
Real Estate	VNQ	5.0%	0.3%	0.4%	-1.2%	13.9%
Bitcoin	BTCUSD	0.0%	-0.7%	-2.9%	-1.3%	-28.0%
Cash	GOVT	7.5%	-0.2%	-0.1%	-0.6%	-0.7%
Conservative Portfolio		100.0%	0.1%	0.3%	1.7%	6.7%

	ETF	%	1D	1W	1M	YTD
Equity	XLI	55.0%	0.4%	0.7%	3.5%	20.6%
Bond	BND	25.0%	-0.2%	-0.1%	-0.3%	-0.1%
Gold	GLD	7.0%	0.6%	0.8%	10.0%	1.3%
Commodity	DBC	4.0%	0.7%	3.8%	5.4%	34.2%
Real Estate	VNQ	5.0%	0.3%	0.4%	-1.2%	13.9%
Bitcoin	BTCUSD	2.0%	-0.7%	-2.9%	-1.3%	-28.0%
Cash	GOVT	2.0%	-0.2%	-0.1%	-0.6%	-0.7%
Moderate Portfolio		100.0%	0.2%	0.5%	2.7%	12.9%

	ETF	%	1D	1W	1M	YTD
Equity	XLI	80.0%	0.4%	0.7%	3.5%	20.6%
Bond	BND	5.0%	-0.2%	-0.1%	-0.3%	-0.1%
Gold	GLD	3.0%	0.6%	0.8%	10.0%	1.3%
Commodity	DBC	2.2%	0.7%	3.8%	5.4%	34.2%
Real Estate	VNQ	4.5%	0.3%	0.4%	-1.2%	13.9%
Bitcoin	BTCUSD	5.2%	-0.7%	-2.9%	-1.3%	-28.0%
Cash	GOVT	0.0%	-0.2%	-0.1%	-0.6%	-0.7%
Aggressive Portfolio		100.0%	0.3%	0.5%	3.1%	16.4%

	ETF	%	Return	Volatility	Sharpe
Equity	XLI	25.0%	14.4%	18.9%	0.66
Bond	BND	50.0%	1.4%	5.2%	-0.25
Gold	GLD	10.0%	11.9%	15.4%	0.60
Commodity	DBC	2.5%	7.7%	17.1%	0.36
Real Estate	VNQ	5.0%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	0.0%	59.8%	76.1%	0.93
Cash	GOVT	7.5%	0.3%	4.9%	-0.48
Conservative Portfolio		100.0%	6.2%	7.6%	0.47

	ETF	%	Return	Volatility	Sharpe
Equity	XLI	55.0%	14.4%	18.9%	0.66
Bond	BND	25.0%	1.4%	5.2%	-0.25
Gold	GLD	7.0%	11.9%	15.4%	0.60
Commodity	DBC	4.0%	7.7%	17.1%	0.36
Real Estate	VNQ	5.0%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	2.0%	59.8%	76.1%	0.93
Cash	GOVT	2.0%	0.3%	4.9%	-0.48
Moderate Portfolio		100.0%	11.6%	12.5%	0.72

	ETF	%	Return	Volatility	Sharpe
Equity	XLI	80.0%	14.4%	18.9%	0.66
Bond	BND	5.0%	1.4%	5.2%	-0.25
Gold	GLD	3.0%	11.9%	15.4%	0.60
Commodity	DBC	2.2%	7.7%	17.1%	0.36
Real Estate	VNQ	4.5%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	5.2%	59.8%	76.1%	0.93
Cash	GOVT	0.0%	0.3%	4.9%	-0.48
Aggressive Portfolio		100.0%	16.6%	17.5%	0.81

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLI	25.0%	-19.0%	-39.5%	-23.6%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-14.5%	-14.0%	-5.6%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLI	55.0%	-19.0%	-39.5%	-23.6%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-16.6%	-26.3%	-14.3%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLI	80.0%	-19.0%	-39.5%	-23.6%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-20.0%	-36.0%	-21.5%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	8/31/27	8/16/26	2025	2024	2023	2022	2021
Share Price CYE		$186.51	$154.69	$129.61	$110.49	$93.53	$99.05
Dividend/Share TTM		$1.61	$2.00	$1.90	$1.86	$1.61	$1.32
Valuation [1]
P/S	3.14	3.62	3.14	2.84	2.42	2.29	2.65
P/E		31.56	27.92	23.63	22.82	20.03	22.80
P/E (Non-GAAP) [2]	25.87	29.09	26.30	24.59	24.82	23.28	27.87
P/FCF		30.19	30.68	29.30	26.16	27.08	28.95
Yields TTM
Earnings Yield	3.87%	3.17%	3.58%	4.23%	4.38%	4.99%	4.39%
Dividend Yield	0.87%	0.87%	1.29%	1.46%	1.68%	1.72%	1.33%
Total Yield (TY)	4.73%	4.03%	4.87%	5.70%	6.06%	6.71%	5.72%
Risk Premium [3]
Risk Free Rate (Rf)	4.63%	4.63%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	0.10%	-0.60%	0.69%	1.12%	2.18%	2.83%	4.20%
Growth Rates [6]
Sales Growth	7.7%	5.2%	5.1%	2.8%	5.5%	8.6%
Earnings Growth [7]	13.1%	9.4%	8.0%	10.1%	11.2%	7.2%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

XLI's earnings yield is 3.17%, based on its 31.6x trailing P/E. With a 0.87% dividend yield, XLI is yielding 4.03% in total.

RISK

Compared to US Treasuries at 4.63%, XLI's total yield implies a -0.60% risk premium. A negative risk premium means investors earn less than risk-free Treasuries — valuations are historically stretched, though expectations of falling interest rates or fast earnings growth can justify such levels.

FORWARD EXPECTATIONS

Based on analyst estimates, XLI's forward total yield is 4.73%, implying a 0.10% risk premium assuming stable Treasury rates.

Top 20 Holdings for XLI

Total Weights
Top 5: 26.5% | Top 10: 39.9% | Top 20: 57.8%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.70%	100.00%	100.00%	3.0	25.2	+7.7%	+13.1%
Top 20		57.79%	44.33%	51.24%	3.8	29.5	+10.0%	+11.4%
CAT	Caterpillar	6.80%	4.14%	5.64%	4.7	28.6	+10.3%	+14.7%
GE	GE Aerospace	6.73%	2.86%	4.75%	7.1	42.5	+11.1%	+12.8%
RTX	RTX	5.18%	5.17%	4.01%	3.0	29.0	+7.4%	+8.7%
GEV	GE Vernova	4.63%	2.16%	4.67%	5.6	39.4	+14.5%	-20.3%
BA	Boeing	3.15%	5.20%	1.26%	1.7	96.5	+14.8%	—
UNP	Union Pacific	3.02%	1.42%	3.83%	6.3	21.4	+4.4%	+7.9%
ETN	Eaton	2.99%	1.65%	1.97%	5.0	30.1	+10.9%	+16.6%
DE	Deere	2.66%	2.41%	2.33%	3.7	28.6	+7.5%	+23.9%
UBER	Uber Technologies	2.47%	2.84%	4.61%	2.4	18.6	+15.5%	+31.4%
PH	Parker Hannifin	2.32%	1.18%	1.83%	5.8	30.2	+6.9%	+9.1%
LMT	Lockheed Martin	2.04%	3.60%	2.76%	1.7	19.0	+5.7%	+7.1%
HWM	Howmet Aerospace	2.00%	0.51%	0.97%	10.9	50.2	+13.2%	+19.1%
ADP	Automatic Data Processing	1.88%	1.22%	2.30%	4.6	22.1	+5.7%	+7.9%
TT	Trane Technologies	1.82%	1.23%	1.53%	4.2	28.9	+9.1%	+12.6%
VRT	Vertiv	1.82%	0.59%	0.84%	6.7	34.6	+29.5%	+35.3%
PWR	Quanta Services	1.73%	1.77%	0.67%	2.5	39.6	+15.2%	+14.8%
GD	General Dynamics	1.69%	2.79%	2.14%	1.9	21.7	+4.8%	+8.9%
JCI	Johnson Controls International	1.62%	1.40%	1.88%	3.4	24.6	+7.7%	+18.4%
MMM	3M	1.62%	1.38%	1.55%	3.6	18.5	+4.2%	+9.8%
CSX	CSX	1.62%	0.81%	1.69%	5.9	23.5	+5.0%	+10.2%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 8/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 8/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for XLI Top Holdings

Ticker	Holding	Weight	Mkt Price 8/15	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
XLI	State Street Industrial Select Sector SPDR ETF	100.00%	186.51	0.0%	3.5%	20.6%	25.3%	81.7%	90.4%	275.4%
CAT	Caterpillar	6.80%	856.57	0.0%	-2.2%	50.4%	111.9%	225.5%	328.8%	1,163.7%
GE	GE Aerospace	6.73%	368.38	0.0%	6.6%	19.9%	38.2%	313.1%	480.7%	171.8%
RTX	RTX	5.18%	222.97	0.0%	15.1%	22.9%	46.8%	180.0%	186.6%	338.8%
GEV	GE Vernova	4.63%	1,063.25	0.0%	2.6%	63.0%	71.4%
BA	Boeing	3.15%	231.67	0.0%	8.1%	6.7%	-1.5%	0.7%	1.1%	86.9%
UNP	Union Pacific	3.02%	293.68	0.0%	-1.9%	28.3%	36.0%	39.8%	44.5%	287.3%
ETN	Eaton	2.99%	451.51	0.0%	14.2%	42.9%	30.1%	116.9%	189.5%	752.1%
DE	Deere	2.66%	608.85	0.0%	1.6%	31.5%	26.1%	49.7%	69.8%	820.0%
UBER	Uber Technologies	2.47%	75.95	0.0%	2.6%	-7.0%	-18.0%	74.0%	83.0%
PH	Parker Hannifin	2.32%	1,055.85	0.0%	10.2%	20.6%	45.9%	168.3%	278.3%	893.0%
LMT	Lockheed Martin	2.04%	608.68	0.0%	18.5%	27.3%	42.9%	48.2%	93.3%	210.2%
HWM	Howmet Aerospace	2.00%	289.18	0.0%	6.7%	41.3%	69.2%	496.9%	817.4%	1,172.9%
ADP	Automatic Data Processing	1.88%	272.96	0.0%	6.4%	7.8%	-7.0%	16.7%	40.7%	280.2%
TT	Trane Technologies	1.82%	480.20	0.0%	1.1%	24.0%	14.5%	143.9%	162.1%	983.7%
VRT	Vertiv	1.82%	293.84	0.0%	-0.1%	81.5%	121.1%	774.0%	996.7%
PWR	Quanta Services	1.73%	685.78	0.0%	8.7%	62.6%	80.2%	242.8%	612.8%	2,649.1%
GD	General Dynamics	1.69%	395.78	0.0%	7.3%	19.1%	28.4%	87.9%	119.3%	221.3%
JCI	Johnson Controls International	1.62%	153.64	0.0%	8.8%	29.1%	50.3%	173.9%	131.0%	365.1%
MMM	3M	1.62%	182.65	0.0%	12.9%	15.2%	22.1%	137.6%	28.9%	67.0%
CSX	CSX	1.62%	50.16	0.0%	-1.4%	39.3%	40.1%	73.4%	58.5%	514.7%

Guidance Updates for XLI Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
HWM_8062026	HWM	Howmet Aerospace	8/6/2026	Q3 2026 Revenue	2.58 Bil	7.3%	Higher NewNew Guidance Higher than Prior Actual of 2.40 Bil for Q2 2026
PWR_7302026	PWR	Quanta Services	7/30/2026	2026 Revenue	39.50 Bil	13.0%	RaisedRaised Prior Guidance of 34.95 Bil for 2026
VRT_7292026	VRT	Vertiv	7/29/2026	Q3 2026 Net sales	3.75 Bil	11.9%	Higher NewNew Guidance Higher than Prior Actual of 3.35 Bil for Q2 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
XLI Return	21%	-6%	18%	17%	19%	20%	127%
Peers Return	36%	-1%	24%	18%	17%	23%	184%
S&P 500 Return	27%	-19%	24%	23%	16%	14%	108%
Monthly Win Rates [3]
XLI Win Rate	67%	33%	50%	58%	67%	62%
Peers Win Rate	72%	43%	62%	63%	63%	50%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
XLI Max Drawdown	-7%	-22%	-13%	-8%	-18%	-12%
Peers Max Drawdown	-11%	-27%	-13%	-13%	-20%	-14%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: VGT, XLK, XLF, XLV, XLE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/14/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
XLI	0.89	0.89	0.59
Equity Top Results (3Y)
IALT	2.11	2.11	2.11
SPMO	0.89	1.38	0.82
VLUE	2.49	1.26	0.69
CORO	1.33	1.25	1.25
CGDV	1.35	1.23	0.94

Results as of 7312026.

Event	XLI	S&P 500
2025 US Tariff Shock
% Loss	-15.8%	-18.8%
% Gain to Breakeven	18.8%	23.1%
Time to Breakeven	34 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-11.7%	-9.5%
% Gain to Breakeven	13.2%	10.5%
Time to Breakeven	45 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-20.1%	-24.5%
% Gain to Breakeven	25.1%	32.4%
Time to Breakeven	125 days	427 days
2020 COVID-19 Crash
% Loss	-41.6%	-33.7%
% Gain to Breakeven	71.2%	50.9%
Time to Breakeven	231 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-23.7%	-19.2%
% Gain to Breakeven	31.1%	23.8%
Time to Breakeven	120 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-11.1%	-12.2%
% Gain to Breakeven	12.5%	13.9%
Time to Breakeven	51 days	62 days

Compare to VGT, XLK, XLF, XLV, XLE

In The Past

State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	XLI	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-20.1%	-24.5%
% Gain to Breakeven	25.1%	32.4%
Time to Breakeven	125 days	427 days
2020 COVID-19 Crash
% Loss	-41.6%	-33.7%
% Gain to Breakeven	71.2%	50.9%
Time to Breakeven	231 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-23.7%	-19.2%
% Gain to Breakeven	31.1%	23.8%
Time to Breakeven	120 days	105 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-22.5%	-17.9%
% Gain to Breakeven	29.0%	21.8%
Time to Breakeven	114 days	123 days
2008-2009 Global Financial Crisis
% Loss	-60.5%	-53.4%
% Gain to Breakeven	153.2%	114.4%
Time to Breakeven	700 days	1085 days

Compare to VGT, XLK, XLF, XLV, XLE

In The Past

State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

XLI Dip Buy History

XLI had 18 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

25% median peak return within 1 year of dip event
326 days is the median time to peak return after a dip event
-9.6% median max drawdown within 1 year of dip event

60 Day Dip			XLI Subsequent Performance
Date	XLI	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			22%	25%	-10%	326
2242025	-5%	1%	35%	35%	-13%	371
1102025	-5%	-0%	29%	29%	-11%	371
9262023	-6%	-4%	36%	36%	-4%	366
5312023	-6%	4%	30%	32%	0%	302
9302022	-6%	-8%	22%	35%	0%	305
1272022	-5%	-6%	3%	6%	-15%	61
2252020	-5%	0%	22%	22%	-37%	365
10242018	-9%	-5%	16%	16%	-12%	324
4062018	-7%	-5%	8%	11%	-16%	168
1072016	-5%	-3%	29%	30%	-4%	335
7242015	-5%	-1%	12%	14%	-8%	362
10072014	-5%	-2%	4%	14%	-4%	136
5152012	-5%	-2%	29%	29%	-5%	367
7262011	-6%	-2%	-2%	7%	-21%	234
6042010	-5%	-7%	29%	39%	-5%	329
6252008	-7%	-3%	-35%	1%	-56%	47
1022008	-7%	-7%	-38%	4%	-47%	138
7132006	-6%	-5%	28%	28%	-4%	368

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 8/15/2026

XLI had 11 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

22% median peak return within 1 year of dip event
298 days is the median time to peak return after a dip event
-10% median max drawdown within 1 year of dip event

90 Day Dip			XLI Subsequent Performance
Date	XLI	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			16%	22%	-10%	298
4042025	-15%	-14%	47%	53%	-1%	332
9262022	-11%	-10%	23%	34%	-1%	309
5092022	-12%	-16%	8%	13%	-10%	298
3092020	-16%	-9%	46%	46%	-25%	364
12072018	-11%	-6%	21%	24%	-11%	354
8242015	-12%	-9%	22%	22%	-2%	360
8042011	-14%	-8%	16%	22%	-10%	225
8232010	-11%	-11%	3%	36%	-2%	249
9042008	-12%	-11%	-24%	2%	-54%	4
7022008	-10%	-6%	-33%	9%	-53%	40
1182008	-10%	-10%	-39%	15%	-41%	122

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 8/15/2026

XLI had 3 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

34% median peak return within 1 year of dip event
351 days is the median time to peak return after a dip event
-16% median max drawdown within 1 year of dip event

180 Day Dip			XLI Subsequent Performance
Date	XLI	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			23%	34%	-16%	351
9262022	-20%	-21%	23%	34%	-1%	309
3122020	-23%	-14%	69%	69%	-16%	365
10062008	-21%	-19%	-1%	3%	-43%	351

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 8/15/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
IEMG	iShares Core MSCI Emerging Markets ETF	-5.6%	81.19	8152026	86.00	6222026	54
EEM	iShares MSCI Emerging Markets ETF	-6.5%	66.61	8152026	71.21	6222026	54
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-6.9%	34.73	8152026	37.30	6222026	54
EWY	iShares MSCI South Korea ETF	-18.0%	179.74	8152026	219.20	6212026	55
EWZ	iShares MSCI Brazil ETF	-18.7%	33.93	8152026	41.73	4142026	123
FXI	iShares China Large-Cap ETF	-10.1%	34.89	8152026	38.81	2222026	174
ILF	iShares Latin America 40 ETF	-11.8%	33.60	8152026	38.10	4142026	123
KWEB	KraneShares CSI China Internet ETF	-17.9%	27.01	8152026	32.89	2182026	178
MTUM	iShares MSCI USA Momentum Factor ETF	-8.1%	317.21	8152026	345.22	6222026	54
SPMO	Invesco S&P 500 Momentum ETF	-5.2%	153.31	8152026	161.66	6222026	54
URA	Global X Uranium ETF	-22.9%	44.93	8152026	58.26	5062026	101
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-9.3%	37.74	8152026	41.63	5132026	94
ROBO	ROBO Global Robotics & Automation Index ETF	-6.1%	84.83	8152026	90.34	6022026	74
LIT	Global X Lithium & Battery Tech ETF	-17.9%	75.23	8152026	91.62	5112026	96
ICLN	iShares Global Clean Energy ETF	-23.3%	18.21	8152026	23.75	6022026	74
ARKQ	ARK Autonomous Technology & Robotics ETF	-9.3%	130.39	8152026	143.82	5282026	79
ARKX	ARK Space & Defense Innovation ETF	-7.6%	34.86	8152026	37.74	5282026	79
NASA	Tema Space Innovators ETF	-37.0%	26.38	8152026	41.89	5272026	80
AGIX	KraneShares Artificial Intelligence ETF	-5.5%	46.68	8152026	49.40	6012026	75
XLC	State Street Communication Services Select Sector SPDR ETF	-5.2%	112.95	8152026	119.10	4192026	118
XLU	State Street Utilities Select Sector SPDR ETF	-6.5%	44.31	8152026	47.40	3012026	167
SMH	VanEck Semiconductor ETF	-12.1%	587.82	8152026	668.91	6222026	54
SOXX	iShares Semiconductor ETF	-16.0%	550.42	8152026	655.01	6222026	54
MISL	First Trust Indxx Aerospace & Defense ETF	-5.2%	48.03	8152026	50.66	3022026	166
RING	iShares MSCI Global Gold Miners ETF	-21.1%	78.46	8152026	99.42	3012026	167
SOXQ	Invesco PHLX Semiconductor ETF	-15.1%	97.74	8152026	115.11	6222026	54
TLT	iShares 20+ Year Treasury Bond ETF	-8.0%	82.04	8152026	89.15	3012026	167
VGLT	Vanguard Long-Term Treasury ETF	-6.7%	52.72	8152026	56.53	3012026	167
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-7.1%	25.07	8152026	26.99	3012026	167
TLH	iShares 10-20 Year Treasury Bond ETF	-6.3%	96.60	8152026	103.08	3012026	167
EDV	Vanguard World Funds Extended Duration ETF	-11.8%	59.43	8152026	67.42	3012026	167
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.3%	21.36	8152026	22.55	2192026	177
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-5.3%	17.91	8152026	18.91	5122026	95
DBC	Invesco DB Commodity Index Tracking Fund	-5.3%	30.00	8152026	31.69	5122026	95
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-8.1%	33.59	8152026	36.53	5192026	88
GSG	iShares GSCI Commodity	-5.8%	30.01	8152026	31.85	3182026	150
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-5.2%	24.55	8152026	25.91	5122026	95
GLD	SPDR Gold Trust	-18.1%	401.48	8152026	490.00	3022026	166
IAU	iShares Gold Trust	-18.0%	82.28	8152026	100.38	3022026	166
GLDM	SPDR Gold MiniShares Trust	-18.0%	86.58	8152026	105.54	3022026	166
SGOL	ETFS Physical Swiss Gold Shares	-12.1%	44.66	8152026	50.81	3022026	166
BAR	Direxion Daily Gold Bull 3X Shares	-15.6%	44.34	8152026	52.53	3022026	166
SLV	iShares Silver Trust	-31.2%	58.48	8152026	84.99	3012026	167
SIVR	ETFS Physical Silver Shares Trust ETF	-6.6%	83.39	8152026	89.26	3012026	167
PPLT	ETFS Physical Platinum Shares	-26.1%	15.87	8152026	21.47	3012026	167
CPER	United States Copper Index Fund ETV	-9.6%	33.33	8152026	36.88	3012026	167
PALL	ETFS Physical Palladium Shares	-26.5%	23.93	8152026	32.54	2242026	172
USO	United States Oil Fund LP	-17.2%	126.60	8152026	152.96	5192026	88
UNG	United States Natural Gas Fund LP	-23.9%	9.92	8152026	13.04	3122026	156
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	8152026	60.13	5042026	103
IBIT	iShares Bitcoin Trust ETF	-23.3%	35.63	8152026	46.47	5112026	96
FBTC	Fidelity Wise Origin Bitcoin Fund	-23.3%	54.74	8152026	71.35	5112026	96
ETHA	iShares Ethereum Trust ETF	-22.9%	14.18	8152026	18.38	4192026	118

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-14

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$11.3B), followed by Bond (+$5.4B), while Crypto (−$340M) and Real Estate (−$6M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$7.9B) and out of Industry Subsector (−$3.1B).
Relative to fund size, USMC drew the largest inflow (+16.0% of AUM) and XHB the largest outflow (−8.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$4.97B	+0.6%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$2.44B	+0.2%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$1.88B	+1.1%
4	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$1.41B	+3.1%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.4B	+1.4%
6	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.3B	+0.2%
7	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	+$1.21B	+3.9%
8	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$1.04B	+3.1%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$928M	+0.9%
10	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$877M	+0.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	USMC	Principal U.S. Mega-Cap ETF	Other	+$703M	+16.0%
2	SCCR	Schwab Core Bond ETF	Other	+$203M	+11.7%
3	CGCB	Capital Group Core Bond ETF	Other	+$666M	+10.4%
4	DFAL		Other	+$143M	+8.5%
5	EWL	iShares MSCI Switzerland ETF	Other	+$201M	+8.4%
6	FLTW	Franklin FTSE Taiwan ETF	Other	+$261M	+7.6%
7	CNEQ	Alger Concentrated Equity ETF	Other	+$75M	+7.3%
8	SOXQ	Invesco PHLX Semiconductor ETF	Equity Industry Subsector	+$189M	+6.4%
9	ICLN	iShares Global Clean Energy ETF	Equity Thematic	+$136M	+6.2%
10	GFLW		Other	+$61M	+6.0%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.14B	-4.9%
2	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$1.55B	-0.2%
3	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$1.26B	-1.8%
4	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$998M	-2.1%
5	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$968M	-1.7%
6	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$601M	-7.3%
7	VUG	Vanguard Morningstar Growth ETF	Equity US Large Growth	-$442M	-0.2%
8	EWU	iShares MSCI United Kingdom ETF	Other	-$344M	-8.8%
9	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$337M	-1.2%
10	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$327M	-1.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$132M	-8.9%
2	EWA	iShares MSCI Australia ETF	Other	-$126M	-8.8%
3	TBLL	Invesco Short Term Treasury ETF	Other	-$248M	-8.8%
4	EWU	iShares MSCI United Kingdom ETF	Other	-$344M	-8.8%
5	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$601M	-7.3%
6	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$118M	-6.7%
7	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$142M	-6.0%
8	DBMF	iMGP DBi Managed Futures Strategy ETF	Other	-$214M	-5.4%
9	EWW	iShares MSCI Mexico ETF	Other	-$99M	-5.4%
10	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.14B	-4.9%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$46.7B), followed by Bond (+$16.6B), with every major asset class in net inflows.
Within the mix, money rotated into US Nasdaq Growth (+$11.6B) and out of Industry Subsector (−$3.1B).
Relative to fund size, BFLX drew the largest inflow (+51.4% of AUM) and FTXL the largest outflow (−66.6%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$12.62B	+1.3%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$7.97B	+1.7%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$6.02B	+3.7%
4	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$5.31B	+0.7%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$4.69B	+4.7%
6	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$4.28B	+10.1%
7	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.78B	+3.6%
8	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$3.68B	+14.8%
9	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$3.57B	+3.6%
10	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$3.46B	+0.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$825M	+51.4%
2	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$560M	+47.0%
3	DFAL		Other	+$537M	+33.6%
4	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$407M	+30.0%
5	SOXQ	Invesco PHLX Semiconductor ETF	Equity Industry Subsector	+$532M	+20.6%
6	USMC	Principal U.S. Mega-Cap ETF	Other	+$734M	+20.6%
7	FLKR	Franklin FTSE South Korea ETF	Other	+$260M	+19.0%
8	FLTW	Franklin FTSE Taiwan ETF	Other	+$514M	+18.1%
9	EWI	iShares MSCI Italy ETF	Other	+$175M	+16.9%
10	SCCR	Schwab Core Bond ETF	Other	+$256M	+16.7%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$14.14B	-1.6%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.17B	-8.9%
3	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.65B	-6.0%
4	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.29B	-1.6%
5	IWR	iShares Russell Mid-Cap ETF	Equity US Mid Cap Core	-$1.18B	-2.1%
6	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$1.08B	-3.3%
7	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$1.04B	-1.0%
8	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$972M	-0.8%
9	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$909M	-66.6%
10	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$792M	-5.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$909M	-66.6%
2	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$505M	-22.9%
3	USO	United States Oil Fund, LP	Commodity Energy	-$404M	-19.4%
4	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$306M	-19.4%
5	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$203M	-18.3%
6	LGDS	JPMorgan Fundamental Data Science Large Growth ETF	Other	-$196M	-17.0%
7	OIH	VanEck Oil Services ETF	Other	-$214M	-11.1%
8	CLIP	Global X - 1-3 Month T-Bill ETF	Cash	-$259M	-10.0%
9	ICLN	iShares Global Clean Energy ETF	Equity Thematic	-$222M	-10.0%
10	TAN	Invesco Solar ETF	Other	-$132M	-9.6%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$177.0B), followed by Bond (+$70.1B), while Crypto (−$7.4B) and Commodity (−$3.5B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$57.4B) and out of Gold (−$5.3B).
Relative to fund size, NASA drew the largest inflow (+106.9% of AUM) and IYM the largest outflow (−60.4%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$36.69B	+4.2%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$21.07B	+13.6%
3	DRAM	Roundhill Memory ETF	Other	+$18.67B	+81.2%
4	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$16.09B	+2.1%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.56B	+15.1%
6	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$13.71B	+2.9%
7	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$12.99B	+2.0%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$11.33B	+11.5%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.52B	+9.7%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.11B	+5.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.42B	+106.9%
2	DRAM	Roundhill Memory ETF	Other	+$18.67B	+81.2%
3	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.26B	+59.6% ⚠
4	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.23B	+55.3%
5	FLKR	Franklin FTSE South Korea ETF	Other	+$655M	+53.1%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$602M	+52.3%
7	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.51B	+51.6% ⚠
8	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.31B	+49.5% ⚠
9	DFAL		Other	+$626M	+45.0%
10	CBOX		Other	+$475M	+43.4%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$16.94B	-1.7%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.11B	-13.2%
3	IBIT	iShares Bitcoin Trust ETF	Crypto	-$4.95B	-10.4%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.36B	-42.7%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$4.0B	-19.5%
6	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.98B	-8.4%
7	IAU	iShares Gold Trust	Commodity Gold	-$3.29B	-5.3%
8	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.68B	-41.3%
9	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$2.65B	-6.9%
10	GLD	SPDR Gold Shares	Commodity Gold	-$2.23B	-1.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$752M	-60.4%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.36B	-42.7%
3	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.68B	-41.3%
4	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$906M	-38.1%
5	ARKW	ARK Next Generation Internet ETF	Equity Thematic	-$626M	-36.6%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.55B	-34.1%
7	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$628M	-27.3%
8	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.24B	-23.0%
9	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$346M	-21.6%
10	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.97B	-21.6%

Largest ETF fund flows across ~2616 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About XLI

Holdings Count: 83
Expense Ratio: 0.08%
Inception Date: 1998-12-16

State Street Industrial Select Sector SPDR ETF
The Select Sector SPDR Trust - State Street Industrial Select Sector SPDR ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across industrials sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the Industrial Select Sector Index, by using full replication technique. The Select Sector SPDR Trust - State Street Industrial Select Sector SPDR ETF was formed on December 16, 1998 and is domiciled in the United States.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Category	1D Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	2.4%	6.5%
PPLT	ETFS Physical Platinum Shares	Commodity	2.1%	-14.9%
FXN	First Trust Energy AlphaDEX Fund	Equity	1.6%	39.9%
ITA	iShares U.S. Aerospace & Defense ETF	Equity	1.4%	18.0%
XLE	State Street Energy Select Sector SPD...	Equity	1.4%	39.4%
USO	United States Oil Fund LP	Commodity	1.3%	83.1%
RAAX	VanEck Real Assets ETF	Equity	1.0%	18.9%
SCHA	Schwab U.S. Small-Cap ETF	Equity	0.9%	25.3%
IYM	iShares U.S. Basic Materials ETF	Equity	0.8%	22.5%
MISL	First Trust Indxx Aerospace & Defense...	Equity	0.8%	12.2%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
IGV	iShares Expanded Tech-Software Sector...	Equity	-2.1%	-1.5%
ARKK	ARK Innovation ETF	Equity	-1.8%	5.4%
ARKW	ARK Next Generation Internet ETF	Equity	-1.1%	3.1%
EDV	Vanguard World Funds Extended Duratio...	Bond	-1.0%	-6.2%
AKRE	Akre Focus ETF	Equity	-0.9%	-9.0%
ICLN	iShares Global Clean Energy ETF	Equity	-0.8%	10.8%
IYT	iShares U.S. Transportation ETF	Equity	-0.8%	17.8%
DRSK	Aptus Defined Risk ETF	Equity	-0.7%	2.0%
URA	Global X Uranium ETF	Equity	-0.7%	5.1%
CGDV	Capital Group Dividend Value ETF	Equity	-0.7%	17.4%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	8.5%	43.5%
EWY	iShares MSCI South Korea ETF	Equity	8.2%	84.9%
XLE	State Street Energy Select Sector SPD...	Equity	7.7%	39.4%
USO	United States Oil Fund LP	Commodity	7.3%	83.1%
FXN	First Trust Energy AlphaDEX Fund	Equity	7.0%	39.9%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	3.8%	35.2%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	3.8%	34.2%
VLUE	iShares MSCI USA Value Factor ETF	Equity	3.3%	49.9%
NASA	Tema Space Innovators ETF	Equity	3.2%	4.8%
COMT	iShares GSCI Commodity Dynamic Roll S...	Commodity	3.2%	34.9%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
KWEB	KraneShares CSI China Internet ETF	Equity	-5.8%	-20.7%
PALL	ETFS Physical Palladium Shares	Commodity	-4.5%	-17.7%
EWZ	iShares MSCI Brazil ETF	Equity	-4.0%	6.8%
FXI	iShares China Large-Cap ETF	Equity	-3.5%	-8.9%
IBIT	iShares Bitcoin Trust ETF	Cryptocurrency	-3.2%	-28.2%
FBTC	Fidelity Wise Origin Bitcoin Fund	Cryptocurrency	-3.2%	-28.2%
ILF	iShares Latin America 40 ETF	Equity	-2.9%	10.3%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	-2.0%	-36.8%
EDV	Vanguard World Funds Extended Duratio...	Bond	-1.5%	-6.2%
XLY	State Street Consumer Discretionary S...	Equity	-1.4%	-0.8%

Top Gainers

Ticker	Company	Category	1M Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	27.8%	6.5%
SLV	iShares Silver Trust	Commodity	16.1%	-9.2%
URA	Global X Uranium ETF	Equity	14.9%	5.1%
NASA	Tema Space Innovators ETF	Equity	13.6%	4.8%
ARKX	ARK Space & Defense Innovation ETF	Equity	13.3%	-0.1%
MISL	First Trust Indxx Aerospace & Defense...	Equity	12.4%	12.2%
GDE	WisdomTree Efficient Gold Plus Equity...	Equity	11.9%	-3.5%
IGV	iShares Expanded Tech-Software Sector...	Equity	11.1%	-1.5%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	10.4%	13.7%
EWY	iShares MSCI South Korea ETF	Equity	10.0%	84.9%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
UNG	United States Natural Gas Fund LP	Commodity	-4.8%	-19.1%
EWZ	iShares MSCI Brazil ETF	Equity	-4.0%	6.8%
EDV	Vanguard World Funds Extended Duratio...	Bond	-3.8%	-6.2%
IYT	iShares U.S. Transportation ETF	Equity	-2.9%	17.8%
TLT	iShares 20+ Year Treasury Bond ETF	Bond	-2.6%	-3.7%
XLU	State Street Utilities Select Sector ...	Equity	-2.6%	4.5%
SPLB	State Street SPDR Portfolio Long Term...	Bond	-2.3%	-2.8%
SPTL	State Street SPDR Portfolio Long Term...	Bond	-2.3%	-3.3%
IGLB	iShares 10+ Year Investment Grade Cor...	Bond	-2.1%	-2.6%
FBTC	Fidelity Wise Origin Bitcoin Fund	Cryptocurrency	-2.1%	-28.2%

Peer Comparisons

Peers to compare with:

Profile

	XLI	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	34.5	169.2	121.4	59.0	43.0	38.0	51.0
Expense Ratio	0.08%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	7.69	4.86	12.06	35.18	10.29	35.33	11.17
Latest Day Volume (Mil)	4.01	2.41	5.72	17.98	7.13	22.36	6.43
Holdings Count	83	310	73	76	60	21	74
Inception Date	12/16/1998	1/26/2004	12/16/1998	12/16/1998	12/16/1998	12/16/1998	-

Fundamentals

	XLI	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Net Asset Value	184.79	121.44	185.35	57.80	164.42	58.18	-
Premium/Discount	0.9%	0.9%	2.5%	0.6%	1.8%	6.4%	1.4%
Distribution Yield	1.1%	0.4%	0.4%	1.4%	1.5%	2.5%	1.2%
Sales Yield	31.1%	61.1%	110.6%	29.0%	62.3%	60.9%	61.0%
Earnings Yield	3.3%	8.1%	13.9%	6.2%	3.1%	6.0%	6.1%

Valuation

	XLI	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
P/S (TTM)	3.2x	1.6x	0.9x	3.4x	1.6x	1.6x	1.6x
P/E (TTM)	30.2x	12.4x	7.2x	16.0x	32.0x	16.8x	16.4x
P/FCF (TTM)	29.7x	5.9x	3.0x	34.4x	22.3x	16.2x	19.3x
Forward P/E	25.2x	4.9x	2.7x	15.3x	18.2x	14.2x	14.7x
Forward P/S	3.0x	1.3x	0.7x	3.4x	1.5x	1.6x	1.6x

Risk

	XLI	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Volatility (1Y)	17.0%	24.5%	25.9%	14.5%	15.5%	21.6%	19.3%
Volatility (3Y)	16.7%	24.6%	25.0%	16.1%	14.5%	21.8%	19.2%
Volatility (5Y)	17.6%	25.9%	25.8%	18.4%	15.0%	25.8%	22.1%
Beta (1Y)	0.95	1.68	1.73	0.62	0.29	-0.26	0.79
Beta (3Y)	0.91	1.49	1.49	0.78	0.46	0.47	0.85
Beta (5Y)	0.88	1.41	1.39	0.86	0.54	0.59	0.87
Sharpe Ratio (1Y)	1.33	1.47	1.49	0.82	1.63	1.92	1.48
Sharpe Ratio (3Y)	1.24	1.28	1.23	1.23	0.67	0.76	1.23
Sharpe Ratio (5Y)	0.84	0.82	0.85	0.65	0.48	0.97	0.83
Max Drawdown (1Y)	-12.2%	-16.4%	-16.0%	-14.8%	-10.5%	-15.6%	-15.2%
Max Drawdown (3Y)	-18.5%	-27.2%	-25.7%	-15.5%	-17.1%	-20.1%	-19.3%
Max Drawdown (5Y)	-21.6%	-35.1%	-33.6%	-25.8%	-17.1%	-26.0%	-25.9%

Returns

	XLI	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
1M Return	3.5%	7.3%	7.0%	2.5%	3.4%	8.6%	5.3%
3M Return	6.9%	6.5%	5.9%	13.4%	14.1%	6.6%	6.7%
6M Return	8.3%	34.7%	36.7%	13.1%	7.7%	15.4%	14.3%
YTD Return	20.6%	30.4%	32.1%	6.7%	8.6%	39.4%	25.5%
1Y Return	23.6%	39.2%	42.2%	11.6%	27.2%	48.0%	33.2%
2Y Return	53.8%	84.8%	86.8%	40.9%	15.0%	46.5%	50.1%
3Y Return	78.2%	134.1%	130.3%	74.5%	29.9%	52.8%	76.4%

Short Interest

Short Interest: As Of Date	7312026
Short Interest: Shares Quantity	19.3 Mil
Short Interest: % Change Since 7152026	3.5%
Average Daily Volume	6.6 Mil
Days-to-Cover Short Interest	2.9 days

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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State Street Industrial Select Sector SPDR ETF (XLI)

Market Price (8/16/2026): $186.31

State Street Industrial Select Sector SPDR ETF (XLI)

Market Price (8/16/2026): $186.31

Key Takeaways

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Top 20 Holdings for XLI

Performance for XLI Top Holdings

Guidance Updates for XLI Top Holdings

Return vs. Risk

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How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

XLI Dip Buy History

Current Dip Buy Opportunities Across ETFs

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Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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