INDF vs. XLFI

Last updated Jul 17, 2026

INDF (Nifty India Financials ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index, while XLFI is a Derivative Income fund actively managed by State Street. INDF is passively managed, while XLFI is actively managed. At a correlation of -0.07, they often move in opposite directions. INDF charges 0.75%/yr vs 0.35%/yr for XLFI.

Performance

INDF vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nifty India Financials ETF (INDF) 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

INDF

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLFI

• 1D: 0.37%
• 1M: 3.86%
• 6M: 3.40%
• YTD: 2.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INDF vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
INDF Nifty India Financials ETF	0.00%	-1.63%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.85%	5.40%

Correlation

The correlation between INDF and XLFI is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	-0.07

INDF vs. XLFI - Sectors Allocation Comparison

Sectors	INDF	XLFI
Financial Services	100.0%	99.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

INDF vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) 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.

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

Drawdowns

Drawdown Indicators

	INDF	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	—	-11.89%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-3.13%	—

Volatility

Volatility by Period

	INDF	XLFI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	11.96%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.96%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.96%	—

INDF vs. XLFI - Expense Ratio Comparison

INDF has a 0.75% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

INDF vs. XLFI - Dividend Comparison

INDF has not paid dividends to shareholders, while XLFI's dividend yield for the trailing twelve months is around 11.32%.

Position	TTM	2025	2024	2023	2022	2021
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.32%	5.57%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INDF and XLFI in my portfolio?

INDF and XLFI have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INDF 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, INDF or XLFI?

XLFI is cheaper with a 0.35% expense ratio, compared with 0.75% for INDF.

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

INDF has the higher dividend yield at 21.29%, compared with 11.32% for XLFI.

What is the main difference between INDF and XLFI?

INDF is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: Exchange Traded Concepts and State Street. Their fees differ too: 0.75% for INDF and 0.35% for XLFI.