XLI: State Street Industrial Select Sector SPDR ETF

What does XLI hold?#

This fund owns stocks of the industrial companies in the S&P 500, such as makers of airplanes and machines, railroads and shipping firms. It gives investors one ticker for that whole group. Its value goes up and down with that one part of the stock market.

It tracks the Industrial Select Sector Index. It had 83 holdings as of October 15, 2026, according to SPDR (State Street).

What is the XLI expense ratio?#

XLI charges 0.08% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.08% fee comes to about $8 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has XLI done since 1998?#

From December 1998 to October 2026, XLI returned about 9.2% a year. Say you put in $10,000 at the start. It would have been worth about $116,840 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

XLI returns by year#

What was XLI’s worst drop?#

A drawdown is how far a fund falls from its last high point. XLI’s worst fall was −62.3%, from October 9, 2007 to March 9, 2009. It got back to that high on April 29, 2011.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold XLI?#

One classic strategy holds XLI at least some of the time. Each is a set of written rules you can open, test and copy.

• Faber sector rotation (the three strongest US sectors), by Mebane Faber, 2010

How does XLI compare with similar ETFs?#

Funds that can stand in for XLI:

• VIS: Vanguard Industrials ETF, 0.09% a year
• XLB: State Street Materials Select Sector SPDR ETF, 0.08% a year
• VAW: Vanguard Materials ETF, 0.09% a year
• VTV: Vanguard Morningstar Value ETF, 0.03% a year

See all 8 XLI alternatives, compared on the same dates as XLI.

Test XLI in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add XLI, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for XLI. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from SPDR (State Street). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.