State Street Industrial Select Sector SPDR ETF (XLI)

Market Price (8/1/2026): $179.31

State Street Industrial Select Sector SPDR ETF (XLI)

Market Price (8/1/2026): $179.31

Key Takeaways

XLI has returned +16.3% YTD vs +9.8% for SPY; +19.5% over the past 12 months (SPY +19.2%). details →
Priced in gold, XLI has returned -19.5% over the past 3 years, vs +69.1% in dollars — its dollar gains have lagged gold. details →
Over the past month, XLI has seen net inflows of +$357M (+1.1% of assets). details →
XLI's portfolio trades at 24.7x forward earnings — a 194% premium to SPY (8.4x). details →
Analysts expect +8% revenue growth across XLI's holdings (next fiscal year) vs +13% for SPY; expected earnings growth: +13% vs +20%. details →

Last updated: 7/31/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with XLI

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+11.2%

Volatility

12.5%

Sharpe

0.69

YTD

+9.8%

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%	0.8%	-1.5%	-1.9%	16.3%
Bond	BND	50.0%	-0.3%	-0.1%	-1.1%	-0.5%
Gold	GLD	10.0%	-1.5%	-0.1%	0.3%	-6.3%
Commodity	DBC	2.5%	0.4%	-2.2%	11.3%	31.7%
Real Estate	VNQ	5.0%	-0.5%	-1.8%	2.2%	14.0%
Bitcoin	BTCUSD	0.0%	0.7%	1.7%	8.6%	-25.5%
Cash	GOVT	7.5%	-0.2%	-0.1%	-0.9%	-1.0%
Conservative Portfolio		100.0%	-0.1%	-0.6%	-0.7%	4.6%

	ETF	%	1D	1W	1M	YTD
Equity	XLI	55.0%	0.8%	-1.5%	-1.9%	16.3%
Bond	BND	25.0%	-0.3%	-0.1%	-1.1%	-0.5%
Gold	GLD	7.0%	-1.5%	-0.1%	0.3%	-6.3%
Commodity	DBC	4.0%	0.4%	-2.2%	11.3%	31.7%
Real Estate	VNQ	5.0%	-0.5%	-1.8%	2.2%	14.0%
Bitcoin	BTCUSD	2.0%	0.7%	1.7%	8.6%	-25.5%
Cash	GOVT	2.0%	-0.2%	-0.1%	-0.9%	-1.0%
Moderate Portfolio		100.0%	0.3%	-1.0%	-0.6%	9.8%

	ETF	%	1D	1W	1M	YTD
Equity	XLI	80.0%	0.8%	-1.5%	-1.9%	16.3%
Bond	BND	5.0%	-0.3%	-0.1%	-1.1%	-0.5%
Gold	GLD	3.0%	-1.5%	-0.1%	0.3%	-6.3%
Commodity	DBC	2.2%	0.4%	-2.2%	11.3%	31.7%
Real Estate	VNQ	4.5%	-0.5%	-1.8%	2.2%	14.0%
Bitcoin	BTCUSD	5.2%	0.7%	1.7%	8.6%	-25.5%
Cash	GOVT	0.0%	-0.2%	-0.1%	-0.9%	-1.0%
Aggressive Portfolio		100.0%	0.6%	-1.3%	-0.8%	12.8%

	ETF	%	Return	Volatility	Sharpe
Equity	XLI	25.0%	13.9%	18.9%	0.63
Bond	BND	50.0%	1.4%	5.2%	-0.24
Gold	GLD	10.0%	11.3%	15.0%	0.61
Commodity	DBC	2.5%	7.3%	17.2%	0.32
Real Estate	VNQ	5.0%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	0.0%	58.2%	76.3%	0.91
Cash	GOVT	7.5%	0.4%	4.9%	-0.45
Conservative Portfolio		100.0%	6.1%	7.6%	0.45

	ETF	%	Return	Volatility	Sharpe
Equity	XLI	55.0%	13.9%	18.9%	0.63
Bond	BND	25.0%	1.4%	5.2%	-0.24
Gold	GLD	7.0%	11.3%	15.0%	0.61
Commodity	DBC	4.0%	7.3%	17.2%	0.32
Real Estate	VNQ	5.0%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	2.0%	58.2%	76.3%	0.91
Cash	GOVT	2.0%	0.4%	4.9%	-0.45
Moderate Portfolio		100.0%	11.2%	12.5%	0.69

	ETF	%	Return	Volatility	Sharpe
Equity	XLI	80.0%	13.9%	18.9%	0.63
Bond	BND	5.0%	1.4%	5.2%	-0.24
Gold	GLD	3.0%	11.3%	15.0%	0.61
Commodity	DBC	2.2%	7.3%	17.2%	0.32
Real Estate	VNQ	4.5%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	5.2%	58.2%	76.3%	0.91
Cash	GOVT	0.0%	0.4%	4.9%	-0.45
Aggressive Portfolio		100.0%	16.0%	17.5%	0.78

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%	-13.9%	-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	8/1/26	2025	2024	2023	2022	2021
Share Price CYE		$179.84	$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	3.21	3.60	3.19	2.89	2.43	2.33	2.69
P/E		31.04	28.60	25.05	22.61	20.40	25.30
P/E (Non-GAAP) [2]	25.23	28.30	26.39	24.73	24.86	23.54	28.77
P/FCF		29.53	31.05	29.83	27.16	27.47	30.78
Yields TTM
Earnings Yield	3.96%	3.22%	3.50%	3.99%	4.42%	4.90%	3.95%
Dividend Yield	0.90%	0.90%	1.29%	1.46%	1.68%	1.72%	1.33%
Total Yield (TY)	4.86%	4.12%	4.79%	5.46%	6.10%	6.62%	5.28%
Risk Premium [3]
Risk Free Rate (Rf)	4.68%	4.68%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	0.18%	-0.56%	0.61%	0.88%	2.22%	2.74%	3.76%
Growth Rates [6]
Sales Growth	7.7%	4.7%	5.0%	2.7%	6.1%	8.7%
Earnings Growth [7]	13.0%	3.9%	18.3%	2.6%	20.1%	15.2%

[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 3.22%, based on its 31.0x trailing P/E. With a 0.90% dividend yield, XLI is yielding 4.12% in total.

RISK

Compared to US Treasuries at 4.68%, XLI's total yield implies a -0.56% 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 4.86%, implying a 0.18% risk premium assuming stable Treasury rates.

Top 20 Holdings for XLI

Total Weights
Top 5: 26.8% | Top 10: 40.0% | Top 20: 58.1%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		98.58%	100.00%	100.00%	2.9	24.7	+7.7%	+13.0%
Top 20		58.08%	46.19%	51.93%	3.6	28.2	+10.0%	+11.9%
CAT	Caterpillar	7.29%	4.38%	5.46%	4.6	29.1	+10.7%	+19.7%
GE	GE Aerospace	6.44%	2.79%	4.63%	7.0	41.5	+10.7%	+12.8%
RTX	RTX	4.98%	5.14%	3.98%	2.9	28.0	+7.4%	+8.7%
GEV	GE Vernova	4.90%	2.45%	5.28%	5.2	36.8	+14.6%	-20.1%
UNP	Union Pacific	3.20%	1.50%	4.06%	6.3	21.3	+4.3%	+7.9%
BA	Boeing	2.92%	5.14%	1.25%	1.6	86.0	+14.6%	—
ETN	Eaton	2.85%	1.62%	2.12%	4.7	27.8	+10.6%	+18.1%
DE	Deere	2.71%	2.51%	2.43%	3.6	27.8	+7.5%	+23.8%
UBER	Uber Technologies	2.48%	2.96%	4.41%	2.3	17.9	+15.1%	+29.9%
PH	Parker Hannifin	2.20%	1.20%	1.86%	5.4	27.4	+7.4%	+7.0%
VRT	Vertiv	2.07%	0.82%	1.16%	5.6	28.7	+28.6%	+36.0%
LMT	Lockheed Martin	2.04%	3.76%	2.87%	1.6	18.2	+5.7%	+7.1%
HWM	Howmet Aerospace	2.03%	0.50%	0.94%	10.7	49.2	+13.2%	+19.1%
TT	Trane Technologies	1.88%	1.33%	1.65%	4.0	27.1	+8.9%	+16.1%
PWR	Quanta Services	1.74%	1.83%	0.69%	2.5	40.6	+14.3%	+12.2%
CSX	CSX	1.74%	0.86%	1.80%	6.0	23.6	+5.0%	+10.2%
ADP	Automatic Data Processing	1.72%	1.11%	2.09%	4.6	21.7	+5.7%	+10.5%
GD	General Dynamics	1.72%	2.91%	2.23%	1.8	21.1	+4.8%	+8.8%
CMI	Cummins	1.62%	2.01%	1.49%	2.2	19.8	+8.3%	+14.1%
MMM	3M	1.57%	1.38%	1.54%	3.5	17.9	+4.1%	+9.5%

[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 7/31	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
XLI	State Street Industrial Select Sector SPDR ETF	100.00%	179.84	0.8%	-1.9%	16.3%	19.5%	69.1%	87.2%	271.0%
CAT	Caterpillar	7.29%	814.81	0.7%	-17.7%	43.1%	87.7%	194.4%	329.5%	1,149.0%
GE	GE Aerospace	6.44%	360.07	1.4%	-3.8%	17.2%	33.5%	305.0%	466.3%	167.8%
RTX	RTX	4.98%	215.22	0.4%	12.2%	18.2%	38.8%	160.7%	176.3%	335.4%
GEV	GE Vernova	4.90%	990.29	0.8%	-12.7%	51.8%	50.3%
UNP	Union Pacific	3.20%	292.13	0.9%	5.2%	27.6%	34.6%	35.0%	49.5%	299.0%
BA	Boeing	2.92%	216.14	-2.2%	-1.1%	-0.5%	-2.6%	-9.2%	-4.6%	80.0%
ETN	Eaton	2.85%	415.20	7.3%	0.7%	31.1%	9.2%	97.1%	184.5%	733.1%
DE	Deere	2.71%	592.67	-1.1%	-5.6%	28.0%	14.4%	42.5%	75.0%	792.4%
UBER	Uber Technologies	2.48%	70.36	-0.0%	-3.2%	-13.9%	-19.8%	50.8%	61.9%
PH	Parker Hannifin	2.20%	976.53	1.4%	1.3%	11.6%	34.6%	143.5%	235.3%	910.5%
VRT	Vertiv	2.07%	241.57	6.2%	-22.4%	49.2%	66.1%	813.8%	765.6%
LMT	Lockheed Martin	2.04%	582.74	1.5%	11.7%	21.9%	42.2%	39.9%	79.4%	195.4%
HWM	Howmet Aerospace	2.03%	282.26	1.8%	5.6%	37.8%	57.4%	481.1%	772.7%	1,150.3%
TT	Trane Technologies	1.88%	454.95	3.3%	-6.1%	17.4%	4.8%	135.9%	138.1%	941.5%
PWR	Quanta Services	1.74%	667.36	1.4%	-3.5%	58.2%	64.5%	231.8%	640.0%	2,604.0%
CSX	CSX	1.74%	50.40	0.4%	4.3%	39.9%	43.8%	57.9%	66.9%	529.3%
ADP	Automatic Data Processing	1.72%	266.46	1.0%	13.0%	5.2%	-11.5%	15.1%	41.9%	276.9%
GD	General Dynamics	1.72%	383.42	0.3%	6.1%	15.4%	25.2%	80.6%	117.2%	221.3%
CMI	Cummins	1.62%	634.20	0.2%	-7.1%	25.1%	75.3%	155.2%	207.2%	578.3%
MMM	3M	1.57%	176.28	0.1%	10.2%	11.2%	20.3%	109.0%	27.2%	63.5%

Guidance Updates for XLI Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
HWM_5072026	HWM	Howmet Aerospace	5/7/2026	2026 Revenue	9.65 Bil	6.0%	RaisedRaised Prior Guidance of 9.10 Bil for 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%	15%	118%
Peers Return	36%	-1%	24%	18%	17%	17%	170%
S&P 500 Return	27%	-19%	24%	23%	16%	9%	98%
Monthly Win Rates [3]
XLI Win Rate	67%	33%	50%	58%	67%	57%
Peers Win Rate	72%	43%	62%	63%	63%	43%
S&P 500 Win Rate	75%	42%	67%	75%	67%	43%
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 7/31/2026 (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	1.30	1.02	0.64
Equity Top Results (3Y)
NUSC	2.47	2.47	2.47
IALT	2.09	2.09	2.09
SPMO	1.67	1.65	0.98
VLUE	2.90	1.45	0.74
SMH	2.40	1.41	0.98

Results as of 6302026.

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 7/31/2026

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 7/31/2026

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 7/31/2026

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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
XLG	Invesco S&P 500 Top 50 ETF	-5.9%	60.77	7312026	64.59	6012026	60
MAGS	Roundhill Magnificent Seven ETF	-7.0%	65.96	7312026	70.94	5142026	78
QQQ	Invesco QQQ Trust, Series 1	-7.8%	687.99	7312026	746.16	6022026	59
QQQM	Invesco NASDAQ 100 ETF	-7.8%	283.29	7312026	307.23	6022026	59
ONEQ	Fidelity Nasdaq Composite Index ETF	-6.3%	100.03	7312026	106.70	6022026	59
SCHM	Schwab U.S. Mid-Cap ETF	-5.9%	34.70	7312026	36.87	6302026	31
SCHA	Schwab U.S. Small-Cap ETF	-7.1%	33.56	7312026	36.13	6302026	31
VUG	Vanguard Growth ETF	-5.5%	85.20	7312026	90.19	6012026	60
IWF	iShares Russell 1000 Growth ETF	-8.1%	118.32	7312026	128.77	6012026	60
VONG	Vanguard Russell 1000 Growth ETF	-7.9%	121.91	7312026	132.35	6012026	60
MGK	Vanguard Mega Cap Growth ETF	-6.1%	86.33	7312026	91.97	6012026	60
IWP	iShares Russell Mid-Cap Growth ETF	-6.4%	137.04	7312026	146.41	6302026	31
IWO	iShares Russell 2000 Growth ETF	-5.9%	370.67	7312026	393.96	6302026	31
VBK	Vanguard Small-Cap Growth ETF	-6.9%	340.46	7312026	365.70	6302026	31
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-7.0%	150.52	7312026	161.79	5112026	81
SCHC	Schwab International Small-Cap Equity ETF	-6.2%	48.34	7312026	51.54	3012026	152
IEMG	iShares Core MSCI Emerging Markets ETF	-9.8%	77.61	7312026	86.00	6222026	39
EEM	iShares MSCI Emerging Markets ETF	-10.0%	64.09	7312026	71.21	6222026	39
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-8.3%	34.20	7312026	37.30	6222026	39
EWY	iShares MSCI South Korea ETF	-28.3%	157.10	7312026	219.20	6212026	40
EWZ	iShares MSCI Brazil ETF	-12.2%	36.65	7312026	41.73	4142026	108
FXI	iShares China Large-Cap ETF	-7.9%	36.50	7312026	39.61	2012026	180
ILF	iShares Latin America 40 ETF	-7.2%	35.37	7312026	38.10	4142026	108
KWEB	KraneShares CSI China Internet ETF	-19.5%	28.49	7312026	35.38	2012026	180
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	-5.2%	58.25	7312026	61.46	6302026	31
QQQI	NEOS Nasdaq 100 High Income ETF	-5.9%	53.04	7312026	56.38	6022026	59
MTUM	iShares MSCI USA Momentum Factor ETF	-13.2%	299.59	7312026	345.22	6222026	39
SPHQ	Invesco S&P 500 Quality ETF	-6.0%	84.67	7312026	90.10	6302026	31
SPMO	Invesco S&P 500 Momentum ETF	-11.0%	143.83	7312026	161.66	6222026	39
VLUE	iShares MSCI USA Value Factor ETF	-6.6%	191.14	7312026	204.59	6252026	36
ARKK	ARK Innovation ETF	-14.8%	71.24	7312026	83.61	7062026	25
URA	Global X Uranium ETF	-32.9%	39.07	7312026	58.26	5062026	86
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-15.4%	35.22	7312026	41.63	5132026	79
ROBO	ROBO Global Robotics & Automation Index ETF	-12.3%	79.25	7312026	90.34	6022026	59
LIT	Global X Lithium & Battery Tech ETF	-24.4%	69.22	7312026	91.62	5112026	81
ICLN	iShares Global Clean Energy ETF	-26.1%	17.55	7312026	23.75	6022026	59
ARKQ	ARK Autonomous Technology & Robotics ETF	-20.0%	115.07	7312026	143.82	5282026	64
ARKW	ARK Next Generation Internet ETF	-11.2%	136.84	7312026	154.18	6012026	60
ARKX	ARK Space & Defense Innovation ETF	-18.9%	30.60	7312026	37.74	5282026	64
NASA	Tema Space Innovators ETF	-48.4%	21.62	7312026	41.89	5272026	65
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-12.8%	18.60	7312026	21.34	7062026	25
AGIX	KraneShares Artificial Intelligence ETF	-14.4%	42.29	7312026	49.40	6012026	60
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-13.2%	61.10	7312026	70.39	5112026	81
RAAX	VanEck Real Assets ETF	-7.6%	39.46	7312026	42.70	5112026	81
VGT	Vanguard Information Technology ETF	-9.9%	113.15	7312026	125.62	6022026	59
XLK	State Street Technology Select Sector SPDR ETF	-11.5%	175.35	7312026	198.21	6022026	59
XLC	State Street Communication Services Select Sector SPDR ETF	-9.6%	108.24	7312026	119.70	2012026	180
XLU	State Street Utilities Select Sector SPDR ETF	-6.4%	44.35	7312026	47.40	3012026	152
XLB	State Street Materials Select Sector SPDR ETF	-5.5%	50.43	7312026	53.38	2112026	170
IYM	iShares U.S. Basic Materials ETF	-7.1%	175.70	7312026	189.08	3022026	151
SMH	VanEck Semiconductor ETF	-19.2%	540.53	7312026	668.91	6222026	39
SOXX	iShares Semiconductor ETF	-22.9%	504.89	7312026	655.01	6222026	39
IBB	iShares Biotechnology ETF	-6.0%	186.41	7312026	198.23	7072026	24
XBI	State Street SPDR S&P Biotech ETF	-10.5%	147.01	7312026	164.28	7092026	22
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-5.7%	177.40	7312026	188.18	3292026	124
IGV	iShares Expanded Tech-Software Sector ETF	-12.2%	94.58	7312026	107.70	6012026	60
IYT	iShares U.S. Transportation ETF	-5.7%	84.89	7312026	90.01	7162026	15
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-5.1%	186.26	7312026	196.32	7152026	16
MISL	First Trust Indxx Aerospace & Defense ETF	-15.1%	43.03	7312026	50.66	3022026	151
RING	iShares MSCI Global Gold Miners ETF	-35.9%	63.77	7312026	99.42	3012026	152
SOXQ	Invesco PHLX Semiconductor ETF	-22.6%	89.05	7312026	115.11	6222026	39
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-5.2%	21.72	7312026	22.90	2162026	165
TLT	iShares 20+ Year Treasury Bond ETF	-8.1%	82.25	7312026	89.48	3012026	152
VGLT	Vanguard Long-Term Treasury ETF	-7.0%	52.77	7312026	56.76	3012026	152
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-7.4%	25.08	7312026	27.09	3012026	152
TLH	iShares 10-20 Year Treasury Bond ETF	-6.7%	96.54	7312026	103.45	3012026	152
EDV	Vanguard World Funds Extended Duration ETF	-11.8%	59.46	7312026	67.42	3012026	152
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.5%	21.41	7312026	22.65	2192026	162
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-5.2%	47.94	7312026	50.58	2172026	164
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-7.1%	17.56	7312026	18.91	5122026	80
DBC	Invesco DB Commodity Index Tracking Fund	-7.1%	29.45	7312026	31.69	5122026	80
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-10.6%	32.64	7312026	36.53	5192026	73
GSG	iShares GSCI Commodity	-5.8%	30.01	7312026	31.85	3182026	135
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-7.6%	23.93	7312026	25.91	5122026	80
FTGC	First Trust Global Tactical Commodity Strategy Fund	-5.2%	28.94	7312026	30.53	5122026	80
GLD	SPDR Gold Trust	-24.2%	371.54	7312026	490.00	3022026	151
IAU	iShares Gold Trust	-24.1%	76.17	7312026	100.38	3022026	151
GLDM	SPDR Gold MiniShares Trust	-24.1%	80.14	7312026	105.54	3022026	151
SGOL	ETFS Physical Swiss Gold Shares	-12.1%	44.66	7312026	50.81	3022026	151
BAR	Direxion Daily Gold Bull 3X Shares	-15.6%	44.34	7312026	52.53	3022026	151
SLV	iShares Silver Trust	-38.4%	52.36	7312026	84.99	3012026	152
SIVR	ETFS Physical Silver Shares Trust ETF	-6.6%	83.39	7312026	89.26	3012026	152
PPLT	ETFS Physical Platinum Shares	-30.3%	14.96	7312026	21.47	3012026	152
CPER	United States Copper Index Fund ETV	-11.1%	33.33	7312026	37.48	2032026	178
PALL	ETFS Physical Palladium Shares	-28.6%	23.23	7312026	32.54	2242026	157
USO	United States Oil Fund LP	-15.6%	129.17	7312026	152.96	5192026	73
UNG	United States Natural Gas Fund LP	-40.5%	10.06	7312026	16.90	2012026	180
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	7312026	60.13	5042026	88
IBIT	iShares Bitcoin Trust ETF	-25.0%	35.64	7312026	47.49	2012026	180
FBTC	Fidelity Wise Origin Bitcoin Fund	-25.1%	54.71	7312026	73.02	2012026	180
GBTC	Grayscale Bitcoin Trust ETF	-5.4%	61.84	7312026	65.37	2012026	180
ETHA	iShares Ethereum Trust ETF	-30.2%	14.07	7312026	20.17	2012026	180

ETF Fund Flows

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

Net fund flows · as of 2026-07-30

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$15.3B), followed by Bond (+$2.9B), while Commodity (−$508M) and Real Estate (−$31M) saw the largest outflows.
Within the mix, money rotated into Industry Subsector (+$9.0B) and out of US Large Cap Core (−$3.6B).
Relative to fund size, FINA drew the largest inflow (+33.7% of AUM) and FTXL the largest outflow (−56.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$5.51B	+8.3%
2	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$3.15B	+7.2%
3	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$1.95B	+0.2%
4	SDY	State Street SPDR S&P Dividend ETF	Equity Dividend Income	+$1.77B	+7.7%
5	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	+$1.6B	+2.8%
6	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	+$1.22B	+7.4%
7	IEMG	iShares Core MSCI Emerging Markets ETF	Equity Emerging Markets	+$1.13B	+0.8%
8	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$1.11B	+5.0%
9	SPYD	State Street SPDR Portfolio S&P 500 High Dividend ETF	Other	+$1.09B	+13.2%
10	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	+$1.02B	+1.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$340M	+33.7%
2	PKW	Invesco BuyBack Achievers ETF	Other	+$557M	+27.8%
3	SPHD	Invesco S&P 500 High Dividend Low Volatility ETF	Other	+$690M	+18.4%
4	SPYD	State Street SPDR Portfolio S&P 500 High Dividend ETF	Other	+$1.09B	+13.2%
5	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$169M	+12.4%
6	TBLL	Invesco Short Term Treasury ETF	Other	+$243M	+9.3%
7	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	+$839M	+9.1%
8	IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	Bond Long Corporate	+$245M	+8.6%
9	DTCR	Global X - Data Center & Digital Infrastructure ETF	Other	+$181M	+8.6%
10	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$5.51B	+8.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$6.62B	-0.8%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$2.83B	-0.6%
3	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$756M	-56.9%
4	FV	First Trust Dorsey Wright Focus 5 ETF	Other	-$750M	-20.7%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$726M	-4.2%
6	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	-$677M	-1.6%
7	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$606M	-1.8%
8	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$458M	-1.6%
9	KLMN		Other	-$341M	-17.5%
10	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	-$329M	-0.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$756M	-56.9%
2	FV	First Trust Dorsey Wright Focus 5 ETF	Other	-$750M	-20.7%
3	KLMN		Other	-$341M	-17.5%
4	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$258M	-16.9%
5	USO	United States Oil Fund, LP	Commodity Energy	-$159M	-7.8%
6	LMUB	iShares Long-Term National Muni Bond ETF	Bond Municipal	-$112M	-6.7%
7	MAGS	Roundhill Magnificent Seven ETF	Equity US Large Concentrated	-$173M	-4.8%
8	TAN	Invesco Solar ETF	Other	-$64M	-4.7%
9	OIH	VanEck Oil Services ETF	Other	-$78M	-4.2%
10	IQMM	ProShares - GENIUS Money Market ETF	Other	-$726M	-4.2%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$75.5B), followed by Bond (+$19.8B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$21.4B) and out of US Large Growth (−$1.3B).
Relative to fund size, BFLX drew the largest inflow (+56.5% of AUM) and FTXL the largest outflow (−36.7%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$18.7B	+1.9%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$16.89B	+2.2%
3	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$9.88B	+21.6%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$6.51B	+4.1%
5	DRAM	Roundhill Memory ETF	Other	+$6.24B	+26.1%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$4.97B	+0.8%
7	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$4.92B	+5.0%
8	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$4.82B	+21.5%
9	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$4.25B	+6.0%
10	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	+$3.75B	+13.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$882M	+56.5%
2	DFAL		Other	+$479M	+41.1%
3	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$428M	+37.2%
4	PKW	Invesco BuyBack Achievers ETF	Other	+$554M	+32.9%
5	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$471M	+32.9%
6	DRAM	Roundhill Memory ETF	Other	+$6.24B	+26.1%
7	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$804M	+24.1%
8	IXC	iShares Global Energy ETF	Other	+$568M	+21.9%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$9.88B	+21.6%
10	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$4.82B	+21.5%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$21.09B	-2.4%
2	IQMM	ProShares - GENIUS Money Market ETF	Other	-$3.06B	-16.7%
3	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$1.46B	-1.2%
4	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.33B	-10.0%
5	XLC	State Street Communication Services Select Sector SPDR ETF	Equity Broad Sector	-$1.25B	-5.5%
6	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$990M	-10.6%
7	MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	Equity US Mid Cap Core	-$989M	-3.7%
8	VUG	Vanguard Growth ETF	Equity US Large Growth	-$947M	-0.4%
9	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$858M	-1.1%
10	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$853M	-36.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$853M	-36.7%
2	KLMN		Other	-$566M	-24.4%
3	DMXF	iShares ESG Advanced MSCI EAFE ETF	Other	-$275M	-22.9%
4	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$278M	-22.8%
5	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$378M	-21.8%
6	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$251M	-21.2%
7	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$781M	-18.1%
8	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$212M	-16.8%
9	IQMM	ProShares - GENIUS Money Market ETF	Other	-$3.06B	-16.7%
10	ITB	iShares U.S. Home Construction ETF	Other	-$396M	-16.5%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$188.8B), followed by Bond (+$69.9B), while Crypto (−$7.3B) and Commodity (−$5.5B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$75.7B) and out of Gold (−$6.8B).
Relative to fund size, NASA drew the largest inflow (+128.7% of AUM) and FXN the largest outflow (−62.4%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$40.91B	+4.8%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$31.37B	+4.0%
3	DRAM	Roundhill Memory ETF	Other	+$24.02B	+125.1%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$18.64B	+12.5%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.73B	+15.5%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$14.7B	+2.2%
7	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$13.98B	+33.1%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$12.18B	+12.5%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.58B	+6.0%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$9.13B	+5.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.71B	+128.7%
2	DRAM	Roundhill Memory ETF	Other	+$24.02B	+125.1%
3	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$2.3B	+106.3% ⚠
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.9B	+72.0% ⚠
5	FXL	First Trust Technology AlphaDEX Fund	Other	+$989M	+58.0%
6	FLKR	Franklin FTSE South Korea ETF	Other	+$640M	+56.9%
7	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.17B	+55.1%
8	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.43B	+52.4% ⚠
9	TSPA	T. Rowe Price U.S. Equity Research ETF	Other	+$1.6B	+44.9%
10	CHPY	YieldMax Semiconductor Portfolio Option Income ETF	Other	+$477M	+44.8%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$16.48B	-1.7%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.35B	-13.8%
3	IQMM	ProShares - GENIUS Money Market ETF	Other	-$4.91B	-23.2%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.86B	-38.7%
5	IBIT	iShares Bitcoin Trust ETF	Crypto	-$4.75B	-9.7%
6	GLD	SPDR Gold Shares	Commodity Gold	-$4.18B	-3.0%
7	IAU	iShares Gold Trust	Commodity Gold	-$2.69B	-4.2%
8	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$2.44B	-1.9%
9	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.4%
10	XLC	State Street Communication Services Select Sector SPDR ETF	Equity Broad Sector	-$2.16B	-9.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$733M	-62.4%
2	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$1.03B	-42.9%
3	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$509M	-39.3%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.86B	-38.7%
5	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.4%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.58B	-30.4%
7	MAGS	Roundhill Magnificent Seven ETF	Equity US Large Concentrated	-$1.02B	-25.5%
8	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.44B	-25.5%
9	ILF	iShares Latin America 40 ETF	Equity Emerging Markets	-$947M	-24.2%
10	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$328M	-23.7%

Largest ETF fund flows across ~2566 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: 81
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
XLY	State Street Consumer Discretionary S...	Equity	3.3%	-2.6%
MAGS	Roundhill Magnificent Seven ETF	Equity	3.2%	0.0%
XLC	State Street Communication Services S...	Equity	1.6%	-7.8%
KWEB	KraneShares CSI China Internet ETF	Equity	1.5%	-16.3%
FXN	First Trust Energy AlphaDEX Fund	Equity	1.5%	34.7%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	1.4%	41.1%
SPYG	State Street SPDR Portfolio S&P 500 G...	Equity	1.4%	9.9%
IVW	iShares S&P 500 Growth ETF	Equity	1.4%	9.8%
IGV	iShares Expanded Tech-Software Sector...	Equity	1.4%	-10.5%
USO	United States Oil Fund LP	Commodity	1.3%	86.8%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	-3.1%	-13.4%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	-3.0%	-37.3%
XBI	State Street SPDR S&P Biotech ETF	Equity	-2.9%	20.6%
FBTC	Fidelity Wise Origin Bitcoin Fund	Cryptocurrency	-2.9%	-28.2%
IBIT	iShares Bitcoin Trust ETF	Cryptocurrency	-2.9%	-28.2%
PALL	ETFS Physical Palladium Shares	Commodity	-2.6%	-20.1%
EWY	iShares MSCI South Korea ETF	Equity	-2.5%	61.6%
XLB	State Street Materials Select Sector ...	Equity	-2.3%	11.7%
ARKK	ARK Innovation ETF	Equity	-2.3%	-7.4%
SLV	iShares Silver Trust	Commodity	-2.1%	-18.7%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
KWEB	KraneShares CSI China Internet ETF	Equity	8.4%	-16.3%
IGV	iShares Expanded Tech-Software Sector...	Equity	7.5%	-10.5%
XLY	State Street Consumer Discretionary S...	Equity	6.1%	-2.6%
FXI	iShares China Large-Cap ETF	Equity	5.6%	-4.7%
AKRE	Akre Focus ETF	Equity	5.2%	-12.2%
MAGS	Roundhill Magnificent Seven ETF	Equity	4.4%	0.0%
BOTZ	Global X Funds Global X Robotics & Ar...	Equity	4.1%	-2.8%
PPLT	ETFS Physical Platinum Shares	Commodity	3.7%	-19.8%
COWZ	Pacer US Cash Cows 100 ETF	Equity	3.1%	11.5%
PALL	ETFS Physical Palladium Shares	Commodity	3.0%	-20.1%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	-5.5%	86.8%
UNG	United States Natural Gas Fund LP	Commodity	-4.6%	-17.9%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-4.3%	59.9%
SOXX	iShares Semiconductor ETF	Equity	-4.2%	67.8%
XLU	State Street Utilities Select Sector ...	Equity	-4.2%	4.6%
SMH	VanEck Semiconductor ETF	Equity	-3.7%	50.1%
EWY	iShares MSCI South Korea ETF	Equity	-3.6%	61.6%
IYT	iShares U.S. Transportation ETF	Equity	-3.6%	14.3%
USRT	iShares Core U.S. REIT ETF	Real Estate	-2.8%	19.6%
NASA	Tema Space Innovators ETF	Equity	-2.3%	-14.1%

Top Gainers

Ticker	Company	Category	1M Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	25.1%	86.8%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	15.4%	-37.3%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	15.4%	41.1%
FXI	iShares China Large-Cap ETF	Equity	14.2%	-4.7%
KWEB	KraneShares CSI China Internet ETF	Equity	13.4%	-16.3%
XLE	State Street Energy Select Sector SPD...	Equity	12.8%	34.1%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	11.3%	31.7%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	11.3%	32.5%
FXN	First Trust Energy AlphaDEX Fund	Equity	10.5%	34.7%
HGER	Harbor Commodity All-Weather Strategy...	Commodity	8.9%	29.5%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
NASA	Tema Space Innovators ETF	Equity	-26.6%	-14.1%
SOXX	iShares Semiconductor ETF	Equity	-15.8%	67.8%
EWY	iShares MSCI South Korea ETF	Equity	-15.3%	61.6%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-15.3%	59.9%
ICLN	iShares Global Clean Energy ETF	Equity	-13.0%	6.8%
ARKK	ARK Innovation ETF	Equity	-13.0%	-7.4%
SMH	VanEck Semiconductor ETF	Equity	-12.9%	50.1%
UNG	United States Natural Gas Fund LP	Commodity	-12.7%	-17.9%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	-11.9%	-7.6%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	-11.8%	0.4%

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)	33.2	169.2	116.7	55.6	41.7	39.5	48.7
Expense Ratio	0.08%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	7.73	4.91	12.11	35.13	10.47	35.37	11.29
Latest Day Volume (Mil)	5.68	4.88	9.90	33.40	12.74	27.51	11.32
Holdings Count	81	310	74	76	60	21	75
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	181.98	113.27	178.46	55.84	161.45	59.41	-
Premium/Discount	-1.2%	-0.1%	-1.7%	2.0%	0.7%	0.2%	0.1%
Distribution Yield	1.1%	0.4%	0.5%	1.4%	1.6%	2.5%	1.3%
Sales Yield	31.2%	67.5%	115.9%	28.8%	62.9%	59.0%	61.0%
Earnings Yield	3.3%	8.8%	14.5%	6.0%	3.3%	4.8%	5.4%

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	1.5x	0.9x	3.5x	1.6x	1.7x	1.6x
P/E (TTM)	30.0x	11.3x	6.9x	16.7x	30.1x	20.9x	18.8x
P/FCF (TTM)	29.5x	5.3x	2.9x	28.1x	23.5x	23.6x	23.6x
Forward P/E	25.0x	4.5x	2.6x	15.1x	18.1x	13.7x	14.4x
Forward P/S	2.9x	1.2x	0.7x	3.3x	1.5x	1.5x	1.5x

Risk

	XLI	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Volatility (1Y)	16.9%	24.3%	25.6%	14.8%	15.9%	21.0%	19.0%
Volatility (3Y)	16.6%	24.5%	24.9%	16.1%	14.4%	21.6%	19.1%
Volatility (5Y)	17.6%	25.8%	25.7%	18.4%	15.0%	25.8%	22.1%
Beta (1Y)	0.94	1.66	1.70	0.64	0.31	-0.21	0.79
Beta (3Y)	0.91	1.49	1.48	0.79	0.46	0.48	0.85
Beta (5Y)	0.88	1.41	1.39	0.86	0.55	0.60	0.87
Sharpe Ratio (1Y)	1.14	1.23	1.24	0.68	1.36	1.67	1.24
Sharpe Ratio (3Y)	1.14	1.10	1.07	1.14	0.59	0.74	1.09
Sharpe Ratio (5Y)	0.80	0.76	0.79	0.67	0.46	0.96	0.78
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	-1.9%	-3.5%	-5.5%	3.9%	1.9%	12.8%	-0.0%
3M Return	3.0%	9.8%	9.9%	9.2%	11.3%	-0.2%	9.5%
6M Return	8.7%	19.2%	19.5%	6.9%	6.1%	18.7%	13.7%
YTD Return	16.3%	20.4%	21.9%	4.5%	5.4%	34.1%	18.3%
1Y Return	19.5%	30.9%	33.0%	9.3%	22.7%	39.1%	26.8%
2Y Return	46.0%	62.7%	63.9%	34.7%	11.7%	36.6%	41.3%
3Y Return	69.6%	105.4%	102.9%	67.2%	25.3%	51.1%	68.4%

Short Interest

Short Interest: As Of Date	7152026
Short Interest: Shares Quantity	18.6 Mil
Short Interest: % Change Since 6302026	-5.8%
Average Daily Volume	6.7 Mil
Days-to-Cover Short Interest	2.8 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 (8/1/2026): $179.31

State Street Industrial Select Sector SPDR ETF (XLI)

Market Price (8/1/2026): $179.31

Key Takeaways

Price Chart

Asset Allocation with XLI

Valuation & Yield

Top 20 Holdings for XLI

Performance for XLI Top Holdings

Guidance Updates for XLI Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

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

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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Trade & Investment Ideas

Wealth

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Inform Me Once

About XLI

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