- ISIN
- US81369Y6059
- CUSIP
- 81369Y605
- Issuer
- State Street
- Inception Date
- Dec 16, 1998
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Financial Select Sector Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $53B
Share Price Chart
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Performance
XLF Performance Chart
State Street Financial Select Sector SPDR ETF (XLF) is up 3.4% since the beginning of the year. XLF is currently trading at $56 per share. Investors who bought $1,000 worth of XLF shares 5 years ago would now be looking at an investment worth $1,681.
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Returns By Period
State Street Financial Select Sector SPDR ETF (XLF) has returned 3.39% so far this year and 7.18% over the past 12 months. Over the last decade, XLF has posted an annualized return of 13.76%, slightly higher than the S&P 500 Index benchmark’s 13.47%.
State Street Financial Select Sector SPDR ETF
- 1D
- 0.93%
- 1M
- 7.72%
- 6M
- 0.89%
- YTD
- 3.39%
- 1Y
- 7.18%
- 3Y*
- 20.56%
- 5Y*
- 10.95%
- 10Y*
- 13.76%
Benchmark (S&P 500 Index)
- 1D
- 0.72%
- 1M
- 2.08%
- 6M
- 9.21%
- YTD
- 10.11%
- 1Y
- 20.04%
- 3Y*
- 19.66%
- 5Y*
- 11.58%
- 10Y*
- 13.47%
XLF Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 1998, XLF's average daily return is +0.04%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2009 with a return of +21.8%, while the worst month was Jan 2009 at -26.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, XLF closed higher 51% of trading days. The best single day was Mar 23, 2009 with a return of +16.4%, while the worst single day was Dec 1, 2008 at -16.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.43% | -3.76% | -3.51% | 5.59% | -1.06% | 4.30% | 4.72% | 3.39% | |||||
| 2025 | 6.50% | 1.38% | -4.20% | -2.11% | 4.51% | 3.12% | 0.00% | 3.09% | 0.11% | -2.78% | 1.83% | 3.06% | 14.90% |
| 2024 | 3.09% | 4.08% | 4.80% | -4.18% | 3.17% | -0.88% | 6.40% | 4.57% | -0.56% | 2.56% | 10.46% | -5.46% | 30.56% |
| 2023 | 6.90% | -2.30% | -9.55% | 3.17% | -4.25% | 6.62% | 4.81% | -2.69% | -3.09% | -2.44% | 10.94% | 5.25% | 12.03% |
| 2022 | 0.03% | -1.38% | -0.13% | -9.94% | 2.78% | -10.86% | 7.19% | -1.96% | -7.66% | 11.92% | 6.86% | -5.22% | -10.59% |
| 2021 | -1.80% | 11.61% | 5.85% | 6.49% | 4.77% | -3.04% | -0.46% | 5.15% | -1.84% | 7.27% | -5.71% | 3.37% | 34.80% |
Benchmark Metrics
State Street Financial Select Sector SPDR ETF has an annualized alpha of -0.64%, beta of 1.23, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since December 22, 1998.
- This ETF participated in 110.48% of S&P 500 Index downside but only 108.02% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.64%
- Beta
- 1.23
- R²
- 0.70
- Upside Capture
- 108.02%
- Downside Capture
- 110.48%
Expense Ratio
XLF has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
XLF ranks 16 for risk / return — in the bottom 16% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street Financial Select Sector SPDR ETF (XLF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XLF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.21 | -1.72 |
| Martin ratioReturn relative to average drawdown | 1.24 | 9.63 | -8.39 |
Dividends
Dividend History
State Street Financial Select Sector SPDR ETF provided a 1.44% dividend yield over the last twelve months, with an annual payout of $0.81 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.72 | $0.69 | $0.64 | $0.70 | $0.64 | $0.60 | $0.57 | $0.50 | $0.41 | $4.91 | $0.46 |
Dividend yield | 1.44% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Financial Select Sector SPDR ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.19 | $0.00 | $0.44 | |||||
| 2025 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.72 |
| 2024 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.69 |
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.64 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.70 |
| 2021 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.64 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street Financial Select Sector SPDR ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street Financial Select Sector SPDR ETF was 82.69%, occurring on Mar 6, 2009. Recovery took 2010 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -82.69%Mar 2009 | 1y 9mo | 7y 12mo | 9y 9moJun 2007 - Mar 2017 |
COVID crash2020 | -42.86%Mar 2020 | 1mo 4d | 9mo 19d | 10mo 23dFeb 2020 - Jan 2021 |
Dot-com crash2000–2002 | -36.65%Oct 2002 | 1y 9mo | 1y 3mo | 3y 11dJan 2001 - Jan 2004 |
2000 bear market2000 | -26.51%Feb 2000 | 9mo 17d | 3mo 8d | 1y 20dMay 1999 - Jun 2000 |
Bear market2022 | -25.81%Oct 2022 | 9mo 2d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 |
Drawdown Indicators
| XLF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.69% | -56.78% | -25.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -9.10% | -5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -18.90% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.81% | -25.43% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -33.92% | -8.94% |
Current DrawdownCurrent decline from peak | 0.00% | -0.95% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -19.98% | -10.71% | -9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | 2.09% | +3.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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