Tearsheet

State Street Utilities Select Sector SPDR ETF (XLU)


Market Price (5/24/2026): $45.27

State Street Utilities Select Sector SPDR ETF (XLU)


Market Price (5/24/2026): $45.27

Asset Allocation with XLU


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Price Chart

Valuation & Yield

 5/24/2620252024202320222021
Share Price CYE$45.35$42.39$36.54$29.63$31.92$31.47
Dividend/Share TTM$1.75$2.00$2.24$2.15$2.06$2.00

Valuation [1]
      
P/S TTM2.932.782.672.212.402.99
P/E TTM21.1920.7319.3818.3626.0326.65

Yields TTM
      
Earnings Yield4.72%4.82%5.16%5.45%3.84%3.75%
Dividend Yield3.86%4.71%6.14%7.24%6.45%6.36%
Total Yield (TY)8.58%9.54%11.30%12.69%10.29%10.11%

Risk Premium [2]
      
Risk Free Rate (Rf)4.57%4.18%4.58%3.88%3.88%1.52%
Risk Prem. (TY - Rf)4.01%5.36%6.72%8.81%6.41%8.59%

[1] P/E uses aggregate method (profitable constituents only); P/S uses all constituents. Ratios reflect current ETF holdings at current weights.
[2] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.

Top 20 Holdings for XLU

Total Weights
Top 5: 39.4% | Top 10: 58.4% | Top 20: 83.0%

TickerHoldingWeight
NEENextEra Energy13.68%
SOSouthern7.61%
DUKDuke Energy7.04%
CEGConstellation Energy6.02%
AEPAmerican Electric Power5.09%
SRESempra4.34%
DDominion Energy4.25%
ETREntergy3.65%
XELXcel Energy3.41%
EXCExelon3.32%
VSTVistra3.21%
EDConsolidated Edison2.83%
PEGPublic Service Enterprise2.83%
WECWEC Energy2.63%
PCGPG&E2.57%
AEEAmeren2.19%
ATOAtmos Energy2.18%
DTEDTE Energy2.17%
CNPCenterPoint Energy2.01%
NRGNRG Energy1.97%

Performance for XLU Top Holdings

TickerHoldingWeightMkt Price
5/23
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
XLUState Street Utilities Select Sector SPDR ETF100.00%45.350.0%-1.6%7.0%15.1%51.9%59.9%158.7%
NEENextEra Energy13.68%88.550.0%-8.0%11.1%34.6%30.2%36.1%283.8%
SOSouthern7.61%94.550.0%1.5%10.2%8.9%48.3%76.5%194.5%
DUKDuke Energy7.04%125.670.0%-1.0%9.1%11.7%56.4%49.0%145.4%
CEGConstellation Energy6.02%294.070.0%0.6%-16.5%-0.6%260.2%  
AEPAmerican Electric Power5.09%131.590.0%-1.9%15.9%32.0%72.6%82.1%194.6%
SRESempra4.34%92.800.0%-1.2%5.8%23.1%40.1%57.7%142.8%
DDominion Energy4.25%67.670.0%8.2%16.7%25.8%52.9%9.5%47.0%
ETREntergy3.65%112.400.0%-0.8%23.1%39.2%151.7%153.9%346.0%
XELXcel Energy3.41%81.080.0%2.0%10.6%20.0%38.0%32.6%173.2%
EXCExelon3.32%46.230.0%-1.1%7.0%8.7%27.7%66.8%169.9%
VSTVistra3.21%156.270.0%-0.4%-3.0%-0.7%564.5%936.0% 
EDConsolidated Edison2.83%108.540.0%-0.7%11.1%7.7%28.7%64.9%116.3%
PEGPublic Service Enterprise2.83%79.510.0%-0.8%-0.2%3.9%44.4%48.0%156.1%
WECWEC Energy2.63%113.410.0%-1.0%9.4%9.8%43.4%41.9%168.8%
PCGPG&E2.57%16.490.0%-2.0%2.9%-2.4%1.6%58.1%-70.0%
AEEAmeren2.19%111.290.0%-0.7%12.2%18.9%48.7%52.1%216.2%
ATOAtmos Energy2.18%177.810.0%-5.3%6.7%15.6%63.4%103.3%211.7%
DTEDTE Energy2.17%145.300.0%-1.4%13.5%10.2%48.5%42.7%170.1%
CNPCenterPoint Energy2.01%42.830.0%-0.3%12.9%16.6%61.7%94.1%165.5%
NRGNRG Energy1.97%137.650.0%-10.7%-13.0%-11.8%330.8%366.9%966.9%

Guidance Updates for XLU Top Holdings

 

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
XLU Return18%1%-7%23%16%6%68%
Peers Return36%-1%24%18%17%14%162%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
XLU Win Rate50%50%58%67%83%60% 
Peers Win Rate72%43%62%63%63%40% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
XLU Max Drawdown-9%-21%-20%-10%-8%-7% 
Peers Max Drawdown-11%-27%-13%-13%-20%-13% 
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 5/22/2026 (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.

Ticker1Y3Y5Y
XLU1.150.640.45
Equity Top Results (3Y)   
SPMO1.931.450.89
SMH2.991.440.91
CGDV2.121.320.89
ALLW1.751.291.29
DYNF1.961.280.68

Results as of 4302026.

How Low Can It Go

EventXLUS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-17.2%-9.5%
  % Gain to Breakeven20.8%10.5%
  Time to Breakeven205 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-11.3%-24.5%
  % Gain to Breakeven12.8%32.4%
  Time to Breakeven41 days427 days
2020 COVID-19 Crash
  % Loss-35.4%-33.7%
  % Gain to Breakeven54.7%50.9%
  Time to Breakeven393 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-10.5%-12.2%
  % Gain to Breakeven11.8%13.9%
  Time to Breakeven48 days62 days
2013 Taper Tantrum
  % Loss-11.2%-0.2%
  % Gain to Breakeven12.6%0.2%
  Time to Breakeven238 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-10.7%-17.9%
  % Gain to Breakeven12.0%21.8%
  Time to Breakeven23 days123 days

Compare to VGT, XLK, XLF, XLV, XLE

In The Past

State Street Utilities Select Sector SPDR ETF's stock fell -8.3% during the 2025 US Tariff Shock. Such a loss loss requires a 9.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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EventXLUS&P 500
2020 COVID-19 Crash
  % Loss-35.4%-33.7%
  % Gain to Breakeven54.7%50.9%
  Time to Breakeven393 days140 days
2008-2009 Global Financial Crisis
  % Loss-45.2%-53.4%
  % Gain to Breakeven82.4%114.4%
  Time to Breakeven1185 days1085 days

Compare to VGT, XLK, XLF, XLV, XLE

In The Past

State Street Utilities Select Sector SPDR ETF's stock fell -8.3% during the 2025 US Tariff Shock. Such a loss loss requires a 9.0% 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.

XLU Dip Buy History


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Current Dip Buy Opportunities Across ETFs

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

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
NOBLProShares S&P 500 Dividend Aristocrats ETF-5.4%107.835232026114.03301202683
ARKKARK Innovation ETF-8.2%76.40523202683.211132026130
URAGlobal X Uranium ETF-20.8%48.96523202661.811282026115
LITGlobal X Lithium & Battery Tech ETF-6.9%85.28523202691.62511202612
CGBLCapital Group Core Balanced ETF-6.2%34.41523202636.67225202687
XLFState Street Financial Select Sector SPDR ETF-7.4%51.94523202656.111062026137
XLVState Street Health Care Select Sector SPDR ETF-6.1%149.895232026159.54301202683
XLPState Street Consumer Staples Select Sector SPDR ETF-5.3%84.80523202689.51301202683
XLBState Street Materials Select Sector SPDR ETF-5.8%50.29523202653.382112026101
XBIState Street SPDR S&P Biotech ETF-5.1%131.665232026138.67419202634
ITAiShares U.S. Aerospace & Defense ETF-10.0%225.375232026250.42302202682
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-8.6%171.955232026188.18329202655
TLTiShares 20+ Year Treasury Bond ETF-6.1%84.68523202690.16301202683
VGLTVanguard Long-Term Treasury ETF-5.4%54.13523202657.20301202683
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.8%25.71523202627.28301202683
TLHiShares 10-20 Year Treasury Bond ETF-5.3%98.735232026104.25301202683
EDVVanguard World Funds Extended Duration ETF-8.4%62.59523202668.33301202683
GSGiShares GSCI Commodity-5.8%30.01523202631.85318202666
GLDSPDR Gold Trust-16.6%413.825232026495.901292026114
IAUiShares Gold Trust-16.5%84.815232026101.571292026114
GLDMSPDR Gold MiniShares Trust-16.4%89.215232026106.771292026114
SGOLETFS Physical Swiss Gold Shares-13.1%44.66523202651.411292026114
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34523202653.161292026114
SLViShares Silver Trust-35.3%68.365232026105.601282026115
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.395232026110.871282026115
PPLTETFS Physical Platinum Shares-30.7%17.47523202625.231252026118
CPERUnited States Copper Index Fund ETV-13.9%33.33523202638.711292026114
PALLETFS Physical Palladium Shares-34.1%24.52523202637.181282026115
USOUnited States Oil Fund LP-7.9%140.925232026152.9651920264
UNGUnited States Natural Gas Fund LP-35.3%10.94523202616.902012026111
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85523202660.13504202619
IBITiShares Bitcoin Trust ETF-22.5%42.96523202655.441142026129
FBTCFidelity Wise Origin Bitcoin Fund-22.5%65.98523202685.121142026129
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84523202676.311142026129
ETHAiShares Ethereum Trust ETF-39.2%15.57523202625.591142026129

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About XLU

0Holdings Count: 31
Expense Ratio: 0.08%
Inception Date: 1998-12-16
State Street Utilities Select Sector SPDR ETF
The State Street Utilities Select Sector SPDR ETF seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Utilities Select Sector Index (the "Index").The Index seeks to provide an effective representation of the utilities sector of the S&P 500 Index.Seeks to provide precise exposure to companies from the electric utilities; water utilities; multi-utilities, independent power and renewable electricity producers; and gas utility industries.Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing.
Asset Class: Equity | ETF Website

Recent Active Movers

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity25.7 Mil
Short Interest: % Change Since 41520269.9%
Average Daily Volume19.2 Mil
Days-to-Cover Short Interest1.3 days