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IYG vs. XLFI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYG vs. XLFI

Last updated Jul 16, 2026
Documentation

IYG (iShares U.S. Financial Services ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IYG is a Financials Equities fund tracking the Dow Jones U.S. Financial Services TR, while XLFI is a Derivative Income fund actively managed by State Street. IYG is passively managed, while XLFI is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. IYG charges 0.42%/yr vs 0.35%/yr for XLFI.

Performance

IYG vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Financial Services ETF (IYG) 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, IYG achieves a 4.22% return, which is significantly higher than XLFI's 2.47% return.

IYG

1D
1.05%
1M
5.66%
6M
4.87%
YTD
4.22%
1Y
13.34%
3Y*
22.40%
5Y*
10.98%
10Y*
14.86%

XLFI

1D
0.35%
1M
3.76%
6M
3.34%
YTD
2.47%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYG vs. XLFI - Yearly Performance Comparison

2026 (YTD)2025
IYG
iShares U.S. Financial Services ETF		4.22%5.75%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		2.47%5.40%

Correlation

The correlation between IYG 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

IYG vs. XLFI - Sectors Allocation Comparison

Sectors
IYG
XLFI

Financial Services

99.8%
99.9%

Technology

0.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

IYG
99.8%
XLFI
99.9%

Technology

IYG
0.0%
XLFI

-

Basic Materials

IYG

-

XLFI

-

Communication Services

IYG

-

XLFI

-

Consumer Cyclical

IYG

-

XLFI

-

Consumer Defensive

IYG

-

XLFI

-

Energy

IYG

-

XLFI

-

Healthcare

IYG

-

XLFI

-

Industrials

IYG

-

XLFI

-

Real Estate

IYG

-

XLFI

-

Utilities

IYG

-

XLFI

-

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iShares U.S. Financial Services ETF

State Street Financial Select Sector SPDR Premium Income ETF

Often compared with IYG:
IYG vs. IYFIYG vs. XLFIYG vs. IXGIYG vs. VFHIYG vs. FTXOIYG vs. GABFIYG vs. IYK
Often compared with XLFI:
XLFI vs. EUFNXLFI vs. PBPXLFI vs. XLFXLFI vs. XLUXLFI vs. CHPYXLFI vs. FYEEXLFI vs. IVVW

Return for Risk

IYG vs. XLFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYG
IYG Risk / Return Rank: 2525
Overall Rank
IYG Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IYG Sortino Ratio Rank: 2626
Sortino Ratio Rank
IYG Omega Ratio Rank: 2727
Omega Ratio Rank
IYG Calmar Ratio Rank: 2222
Calmar Ratio Rank
IYG Martin Ratio Rank: 2222
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.

IYG vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financial Services ETF (IYG) 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.

IYGXLFIDifference
Sharpe ratioReturn per unit of total volatility
0.85

—

—

Sortino ratioReturn per unit of downside risk
1.24

—

—

Omega ratioGain probability vs. loss probability

1.16

—

—

Calmar ratioReturn relative to maximum drawdown

0.84

—

—

Martin ratioReturn relative to average drawdown

2.13

—

—

IYG vs. XLFI - Sharpe Ratio Comparison

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Drawdowns

IYG vs. XLFI - Drawdown Comparison

The maximum IYG drawdown since its inception was -81.84%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for IYG and XLFI.

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Drawdown Indicators

IYGXLFIDifference

Max Drawdown

Largest peak-to-trough decline

-81.84%

-11.89%

-69.95%

Max Drawdown (1Y)

Largest decline over 1 year

-15.90%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-18.54%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-29.62%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-44.32%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-20.67%

-3.15%

-17.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.27%

—

—

Volatility

IYG vs. XLFI - Volatility Comparison

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Volatility by Period

IYGXLFIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

12.24%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

15.76%

11.98%

+3.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.41%

11.98%

+8.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.37%

11.98%

+11.39%

IYG vs. XLFI - Expense Ratio Comparison

IYG has a 0.42% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

IYG vs. XLFI - Dividend Comparison

IYG's dividend yield for the trailing twelve months is around 1.03%, less than XLFI's 11.37% yield.

PositionTTM20252024202320222021202020192018201720162015
IYG
iShares U.S. Financial Services ETF		1.03%1.00%1.16%1.77%2.07%1.25%1.71%1.59%1.81%1.24%1.28%1.33%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		11.37%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, IYG 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 0.42% for IYG.

XLFI has the higher dividend yield at 11.37%, compared with 1.03% for IYG.

IYG is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.42% for IYG and 0.35% for XLFI.

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