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IYF vs. XLFI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYF vs. XLFI

Last updated Jul 14, 2026
Documentation

IYF (iShares U.S. Financials ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IYF is a Financials Equities fund tracking the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index, while XLFI is a Derivative Income fund actively managed by State Street. IYF is passively managed, while XLFI is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. IYF charges 0.38%/yr vs 0.35%/yr for XLFI.

Performance

IYF vs. XLFI - Performance Comparison

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

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Returns By Period

In the year-to-date period, IYF achieves a 4.21% return, which is significantly higher than XLFI's 1.85% return.

IYF

1D
0.26%
1M
4.41%
6M
2.51%
YTD
4.21%
1Y
11.61%
3Y*
22.49%
5Y*
12.04%
10Y*
13.56%

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)

IYF vs. XLFI - Yearly Performance Comparison

2026 (YTD)2025
IYF
iShares U.S. Financials ETF		4.21%5.55%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		1.85%5.40%

Correlation

The correlation between IYF and XLFI is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.94

IYF vs. XLFI - Sectors Allocation Comparison

Sectors
IYF
XLFI

Financial Services

99.1%
99.9%

Real Estate

0.6%

-

Technology

0.3%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Utilities

-

-

Financial Services

IYF
99.1%
XLFI
99.9%

Real Estate

IYF
0.6%
XLFI

-

Technology

IYF
0.3%
XLFI

-

Basic Materials

IYF

-

XLFI

-

Communication Services

IYF

-

XLFI

-

Consumer Cyclical

IYF

-

XLFI

-

Consumer Defensive

IYF

-

XLFI

-

Energy

IYF

-

XLFI

-

Healthcare

IYF

-

XLFI

-

Industrials

IYF

-

XLFI

-

Utilities

IYF

-

XLFI

-

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iShares U.S. Financials ETF

State Street Financial Select Sector SPDR Premium Income ETF

Often compared with IYF:
IYF vs. XLFIYF vs. VFHIYF vs. IYGIYF vs. KBWBIYF vs. KBEIYF vs. IXGIYF vs. FTXO
Often compared with XLFI:
XLFI vs. EUFNXLFI vs. PBPXLFI vs. XLFXLFI vs. XLUXLFI vs. CHPYXLFI vs. FYEEXLFI vs. IVVW

Return for Risk

IYF vs. XLFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYF
IYF Risk / Return Rank: 2424
Overall Rank
IYF Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IYF Sortino Ratio Rank: 2525
Sortino Ratio Rank
IYF Omega Ratio Rank: 2525
Omega Ratio Rank
IYF Calmar Ratio Rank: 2222
Calmar Ratio Rank
IYF Martin Ratio Rank: 2323
Martin Ratio Rank
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.

IYF vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) 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.

IYFXLFIDifference
Sharpe ratioReturn per unit of total volatility
0.79

—

—

Sortino ratioReturn per unit of downside risk
1.16

—

—

Omega ratioGain probability vs. loss probability

1.14

—

—

Calmar ratioReturn relative to maximum drawdown

0.84

—

—

Martin ratioReturn relative to average drawdown

2.26

—

—

IYF vs. XLFI - Sharpe Ratio Comparison

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Drawdowns

IYF vs. XLFI - Drawdown Comparison

The maximum IYF drawdown since its inception was -79.09%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for IYF and XLFI.

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Drawdown Indicators

IYFXLFIDifference

Max Drawdown

Largest peak-to-trough decline

-79.09%

-11.89%

-67.20%

Max Drawdown (1Y)

Largest decline over 1 year

-13.88%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-16.60%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-25.06%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.57%

—

—

Current Drawdown

Current decline from peak

-0.24%

0.00%

-0.24%

Average Drawdown

Average peak-to-trough decline

-17.55%

-3.17%

-14.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.16%

—

—

Volatility

IYF vs. XLFI - Volatility Comparison

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Volatility by Period

IYFXLFIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

11.22%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.72%

12.02%

+2.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.00%

12.02%

+6.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.81%

12.02%

+8.79%

IYF vs. XLFI - Expense Ratio Comparison

IYF has a 0.38% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

IYF vs. XLFI - Dividend Comparison

IYF's dividend yield for the trailing twelve months is around 1.44%, less than XLFI's 11.44% yield.

PositionTTM20252024202320222021202020192018201720162015
IYF
iShares U.S. Financials ETF		1.44%1.32%1.29%1.67%1.86%1.27%1.72%1.64%1.90%1.46%1.67%1.66%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		11.44%5.57%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.94, IYF and XLFI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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.

XLFI is cheaper with a 0.35% expense ratio, compared with 0.38% for IYF.

XLFI has the higher dividend yield at 11.44%, compared with 1.44% for IYF.

IYF is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.38% for IYF and 0.35% for XLFI.

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