BPAY vs. XLFI

Last updated Jul 14, 2026

BPAY (BlackRock Future Financial and Technology ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - BPAY is a Financials Equities fund actively managed by BlackRock, while XLFI is a Derivative Income fund actively managed by State Street. Both are actively managed. A 0.64 correlation means they provide meaningful diversification when combined. BPAY charges 0.70%/yr vs 0.35%/yr for XLFI.

Performance

BPAY vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Future Financial and Technology ETF (BPAY) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPAY achieves a -2.19% return, which is significantly lower than XLFI's 1.85% return.

BPAY

• 1D: -1.19%
• 1M: 10.36%
• 6M: -5.00%
• YTD: -2.19%
• 1Y: -11.61%
• 3Y*: 10.10%
• 5Y*: —
• 10Y*: —

XLFI

• 1D: 0.45%
• 1M: 3.48%
• 6M: 0.88%
• YTD: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BPAY vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
BPAY BlackRock Future Financial and Technology ETF	-2.19%	-13.26%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	1.85%	5.40%

Correlation

The correlation between BPAY and XLFI is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.64

BPAY vs. XLFI - Sectors Allocation Comparison

Sectors	BPAY	XLFI
Financial Services	58.0%	99.9%
Technology	30.5%	-
Consumer Cyclical	6.4%	-
Industrials	5.1%	-
Real Estate	2.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

BPAY vs. XLFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BPAY

BPAY Risk / Return Rank: 6
BPAY Sharpe Ratio Rank: 6
BPAY Sortino Ratio Rank: 5
BPAY Omega Ratio Rank: 5
BPAY Calmar Ratio Rank: 6
BPAY Martin Ratio Rank: 6

XLFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BPAY vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BPAY	XLFI	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	—	—
Sortino ratio: Return per unit of downside risk	-0.46	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.35	—	—
Martin ratio: Return relative to average drawdown	-0.63	—	—

Drawdowns

BPAY vs. XLFI - Drawdown Comparison

The maximum BPAY drawdown since its inception was -33.62%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BPAY and XLFI.

Drawdown Indicators

	BPAY	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-33.62%	-11.89%	-21.73%
Max Drawdown (1Y) Largest decline over 1 year	-33.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.62%	—	—
Current Drawdown Current decline from peak	-17.37%	0.00%	-17.37%
Average Drawdown Average peak-to-trough decline	-10.83%	-3.17%	-7.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.39%	—	—

Volatility

Volatility by Period

	BPAY	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.17%	12.02%	+14.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.51%	12.02%	+12.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.51%	12.02%	+12.49%

BPAY vs. XLFI - Expense Ratio Comparison

BPAY has a 0.70% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

BPAY vs. XLFI - Dividend Comparison

BPAY's dividend yield for the trailing twelve months is around 6.93%, less than XLFI's 11.44% yield.

Position	TTM	2025	2024	2023	2022
BPAY BlackRock Future Financial and Technology ETF	6.93%	6.49%	0.48%	1.18%	0.18%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.44%	5.57%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BPAY and XLFI in my portfolio?

BPAY and XLFI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BPAY or XLFI?

On fees, XLFI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BPAY or XLFI?

XLFI is cheaper with a 0.35% expense ratio, compared with 0.70% for BPAY.

Which ETF pays a higher dividend yield, BPAY or XLFI?

XLFI has the higher dividend yield at 11.44%, compared with 6.93% for BPAY.

What is the main difference between BPAY and XLFI?

BPAY is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: BlackRock and State Street. Their fees differ too: 0.70% for BPAY and 0.35% for XLFI.