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
Valuation & Yield
| 5/24/26 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| 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 TTM | 2.93 | 2.78 | 2.67 | 2.21 | 2.40 | 2.99 |
| P/E TTM | 21.19 | 20.73 | 19.38 | 18.36 | 26.03 | 26.65 |
Yields TTM | ||||||
| Earnings Yield | 4.72% | 4.82% | 5.16% | 5.45% | 3.84% | 3.75% |
| Dividend Yield | 3.86% | 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%
| Ticker | Holding | Weight |
|---|---|---|
| NEE | NextEra Energy | 13.68% |
| SO | Southern | 7.61% |
| DUK | Duke Energy | 7.04% |
| CEG | Constellation Energy | 6.02% |
| AEP | American Electric Power | 5.09% |
| SRE | Sempra | 4.34% |
| D | Dominion Energy | 4.25% |
| ETR | Entergy | 3.65% |
| XEL | Xcel Energy | 3.41% |
| EXC | Exelon | 3.32% |
| VST | Vistra | 3.21% |
| ED | Consolidated Edison | 2.83% |
| PEG | Public Service Enterprise | 2.83% |
| WEC | WEC Energy | 2.63% |
| PCG | PG&E | 2.57% |
| AEE | Ameren | 2.19% |
| ATO | Atmos Energy | 2.18% |
| DTE | DTE Energy | 2.17% |
| CNP | CenterPoint Energy | 2.01% |
| NRG | NRG Energy | 1.97% |
Performance for XLU Top Holdings
| Ticker | Holding | Weight | Mkt Price5/23 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| XLU | State Street Utilities Select Sector SPDR ETF | 100.00% | 45.35 | 0.0% | -1.6% | 7.0% | 15.1% | 51.9% | 59.9% | 158.7% |
| NEE | NextEra Energy | 13.68% | 88.55 | 0.0% | -8.0% | 11.1% | 34.6% | 30.2% | 36.1% | 283.8% |
| SO | Southern | 7.61% | 94.55 | 0.0% | 1.5% | 10.2% | 8.9% | 48.3% | 76.5% | 194.5% |
| DUK | Duke Energy | 7.04% | 125.67 | 0.0% | -1.0% | 9.1% | 11.7% | 56.4% | 49.0% | 145.4% |
| CEG | Constellation Energy | 6.02% | 294.07 | 0.0% | 0.6% | -16.5% | -0.6% | 260.2% | ||
| AEP | American Electric Power | 5.09% | 131.59 | 0.0% | -1.9% | 15.9% | 32.0% | 72.6% | 82.1% | 194.6% |
| SRE | Sempra | 4.34% | 92.80 | 0.0% | -1.2% | 5.8% | 23.1% | 40.1% | 57.7% | 142.8% |
| D | Dominion Energy | 4.25% | 67.67 | 0.0% | 8.2% | 16.7% | 25.8% | 52.9% | 9.5% | 47.0% |
| ETR | Entergy | 3.65% | 112.40 | 0.0% | -0.8% | 23.1% | 39.2% | 151.7% | 153.9% | 346.0% |
| XEL | Xcel Energy | 3.41% | 81.08 | 0.0% | 2.0% | 10.6% | 20.0% | 38.0% | 32.6% | 173.2% |
| EXC | Exelon | 3.32% | 46.23 | 0.0% | -1.1% | 7.0% | 8.7% | 27.7% | 66.8% | 169.9% |
| VST | Vistra | 3.21% | 156.27 | 0.0% | -0.4% | -3.0% | -0.7% | 564.5% | 936.0% | |
| ED | Consolidated Edison | 2.83% | 108.54 | 0.0% | -0.7% | 11.1% | 7.7% | 28.7% | 64.9% | 116.3% |
| PEG | Public Service Enterprise | 2.83% | 79.51 | 0.0% | -0.8% | -0.2% | 3.9% | 44.4% | 48.0% | 156.1% |
| WEC | WEC Energy | 2.63% | 113.41 | 0.0% | -1.0% | 9.4% | 9.8% | 43.4% | 41.9% | 168.8% |
| PCG | PG&E | 2.57% | 16.49 | 0.0% | -2.0% | 2.9% | -2.4% | 1.6% | 58.1% | -70.0% |
| AEE | Ameren | 2.19% | 111.29 | 0.0% | -0.7% | 12.2% | 18.9% | 48.7% | 52.1% | 216.2% |
| ATO | Atmos Energy | 2.18% | 177.81 | 0.0% | -5.3% | 6.7% | 15.6% | 63.4% | 103.3% | 211.7% |
| DTE | DTE Energy | 2.17% | 145.30 | 0.0% | -1.4% | 13.5% | 10.2% | 48.5% | 42.7% | 170.1% |
| CNP | CenterPoint Energy | 2.01% | 42.83 | 0.0% | -0.3% | 12.9% | 16.6% | 61.7% | 94.1% | 165.5% |
| NRG | NRG Energy | 1.97% | 137.65 | 0.0% | -10.7% | -13.0% | -11.8% | 330.8% | 366.9% | 966.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| XLU Return | 18% | 1% | -7% | 23% | 16% | 6% | 68% |
| Peers Return | 36% | -1% | 24% | 18% | 17% | 14% | 162% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| XLU Win Rate | 50% | 50% | 58% | 67% | 83% | 60% | |
| Peers Win Rate | 72% | 43% | 62% | 63% | 63% | 40% | |
| S&P 500 Win Rate | 75% | 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.
Results as of 4302026.How Low Can It Go
| Event | XLU | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.2% | -9.5% |
| % Gain to Breakeven | 20.8% | 10.5% |
| Time to Breakeven | 205 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -11.3% | -24.5% |
| % Gain to Breakeven | 12.8% | 32.4% |
| Time to Breakeven | 41 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.4% | -33.7% |
| % Gain to Breakeven | 54.7% | 50.9% |
| Time to Breakeven | 393 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.5% | -12.2% |
| % Gain to Breakeven | 11.8% | 13.9% |
| Time to Breakeven | 48 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -11.2% | -0.2% |
| % Gain to Breakeven | 12.6% | 0.2% |
| Time to Breakeven | 238 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -10.7% | -17.9% |
| % Gain to Breakeven | 12.0% | 21.8% |
| Time to Breakeven | 23 days | 123 days |
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.
| Event | XLU | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -35.4% | -33.7% |
| % Gain to Breakeven | 54.7% | 50.9% |
| Time to Breakeven | 393 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -45.2% | -53.4% |
| % Gain to Breakeven | 82.4% | 114.4% |
| Time to Breakeven | 1185 days | 1085 days |
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.
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 |
|---|---|---|---|---|---|---|---|
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -5.4% | 107.83 | 5232026 | 114.03 | 3012026 | 83 |
| ARKK | ARK Innovation ETF | -8.2% | 76.40 | 5232026 | 83.21 | 1132026 | 130 |
| URA | Global X Uranium ETF | -20.8% | 48.96 | 5232026 | 61.81 | 1282026 | 115 |
| LIT | Global X Lithium & Battery Tech ETF | -6.9% | 85.28 | 5232026 | 91.62 | 5112026 | 12 |
| CGBL | Capital Group Core Balanced ETF | -6.2% | 34.41 | 5232026 | 36.67 | 2252026 | 87 |
| XLF | State Street Financial Select Sector SPDR ETF | -7.4% | 51.94 | 5232026 | 56.11 | 1062026 | 137 |
| XLV | State Street Health Care Select Sector SPDR ETF | -6.1% | 149.89 | 5232026 | 159.54 | 3012026 | 83 |
| XLP | State Street Consumer Staples Select Sector SPDR ETF | -5.3% | 84.80 | 5232026 | 89.51 | 3012026 | 83 |
| XLB | State Street Materials Select Sector SPDR ETF | -5.8% | 50.29 | 5232026 | 53.38 | 2112026 | 101 |
| XBI | State Street SPDR S&P Biotech ETF | -5.1% | 131.66 | 5232026 | 138.67 | 4192026 | 34 |
| ITA | iShares U.S. Aerospace & Defense ETF | -10.0% | 225.37 | 5232026 | 250.42 | 3022026 | 82 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -8.6% | 171.95 | 5232026 | 188.18 | 3292026 | 55 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.1% | 84.68 | 5232026 | 90.16 | 3012026 | 83 |
| VGLT | Vanguard Long-Term Treasury ETF | -5.4% | 54.13 | 5232026 | 57.20 | 3012026 | 83 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -5.8% | 25.71 | 5232026 | 27.28 | 3012026 | 83 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.3% | 98.73 | 5232026 | 104.25 | 3012026 | 83 |
| EDV | Vanguard World Funds Extended Duration ETF | -8.4% | 62.59 | 5232026 | 68.33 | 3012026 | 83 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 5232026 | 31.85 | 3182026 | 66 |
| GLD | SPDR Gold Trust | -16.6% | 413.82 | 5232026 | 495.90 | 1292026 | 114 |
| IAU | iShares Gold Trust | -16.5% | 84.81 | 5232026 | 101.57 | 1292026 | 114 |
| GLDM | SPDR Gold MiniShares Trust | -16.4% | 89.21 | 5232026 | 106.77 | 1292026 | 114 |
| SGOL | ETFS Physical Swiss Gold Shares | -13.1% | 44.66 | 5232026 | 51.41 | 1292026 | 114 |
| BAR | Direxion Daily Gold Bull 3X Shares | -16.6% | 44.34 | 5232026 | 53.16 | 1292026 | 114 |
| SLV | iShares Silver Trust | -35.3% | 68.36 | 5232026 | 105.60 | 1282026 | 115 |
| SIVR | ETFS Physical Silver Shares Trust ETF | -24.8% | 83.39 | 5232026 | 110.87 | 1282026 | 115 |
| PPLT | ETFS Physical Platinum Shares | -30.7% | 17.47 | 5232026 | 25.23 | 1252026 | 118 |
| CPER | United States Copper Index Fund ETV | -13.9% | 33.33 | 5232026 | 38.71 | 1292026 | 114 |
| PALL | ETFS Physical Palladium Shares | -34.1% | 24.52 | 5232026 | 37.18 | 1282026 | 115 |
| USO | United States Oil Fund LP | -7.9% | 140.92 | 5232026 | 152.96 | 5192026 | 4 |
| UNG | United States Natural Gas Fund LP | -35.3% | 10.94 | 5232026 | 16.90 | 2012026 | 111 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 5232026 | 60.13 | 5042026 | 19 |
| IBIT | iShares Bitcoin Trust ETF | -22.5% | 42.96 | 5232026 | 55.44 | 1142026 | 129 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -22.5% | 65.98 | 5232026 | 85.12 | 1142026 | 129 |
| GBTC | Grayscale Bitcoin Trust ETF | -19.0% | 61.84 | 5232026 | 76.31 | 1142026 | 129 |
| ETHA | iShares Ethereum Trust ETF | -39.2% | 15.57 | 5232026 | 25.59 | 1142026 | 129 |
About XLU
| Holdings Count: 31Expense Ratio: 0.08%Inception Date: 1998-12-16 | State Street Utilities Select Sector SPDR ETFThe 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 |
Research & Analysis
Invest in Strategies
Wealth Management
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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