TFNS vs. XLFI

Last updated Aug 2, 2026

TFNS (T. Rowe Price Financials ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - TFNS is a Financials Equities fund actively managed by T. Rowe Price, while XLFI is a Derivative Income fund actively managed by State Street. Both are actively managed. Over the past year, TFNS returned 16.41% vs 11.31% for XLFI. Their 0.96 correlation means they have historically moved very closely together. TFNS charges 0.44%/yr vs 0.35%/yr for XLFI.

Performance

TFNS vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Financials ETF (TFNS) 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, TFNS achieves a 6.53% return, which is significantly higher than XLFI's 3.17% return.

TFNS

• 1D: -0.04%
• 1M: 2.83%
• 6M: 8.52%
• YTD: 6.53%
• 1Y: 16.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.99%

XLFI

• 1D: -0.41%
• 1M: 2.09%
• 6M: 4.95%
• YTD: 3.17%
• 1Y: 11.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TFNS T. Rowe Price Financials ETF	$536.53K	$297.01K	$111.49K
XLFI State Street Financial Select Sector SPDR Premium Income ETF	$205.39K	$226.21K	$175.11K

TFNS vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
TFNS T. Rowe Price Financials ETF	6.53%	6.37%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	3.17%	5.40%

Correlation

The correlation between TFNS and XLFI is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.96

The correlation between TFNS and XLFI has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

TFNS vs. XLFI - Sectors Allocation Comparison

Sectors	TFNS	XLFI
Financial Services	95.1%	100.4%
Technology	1.9%	-
Basic Materials	1.6%	-
Industrials	0.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TFNS vs. XLFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TFNS

TFNS Risk / Return Rank: 35
TFNS Sharpe Ratio Rank: 38
TFNS Sortino Ratio Rank: 36
TFNS Omega Ratio Rank: 36
TFNS Calmar Ratio Rank: 31
TFNS Martin Ratio Rank: 31

XLFI

XLFI Risk / Return Rank: 29
XLFI Sharpe Ratio Rank: 33
XLFI Sortino Ratio Rank: 29
XLFI Omega Ratio Rank: 31
XLFI Calmar Ratio Rank: 26
XLFI Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TFNS vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financials ETF (TFNS) 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.

	TFNS	XLFI	Difference
Sharpe ratio: Return per unit of total volatility	0.96	0.81	+0.15
Sortino ratio: Return per unit of downside risk	1.37	1.12	+0.25
Omega ratio: Gain probability vs. loss probability	1.17	1.15	+0.02
Calmar ratio: Return relative to maximum drawdown	1.03	0.80	+0.23
Martin ratio: Return relative to average drawdown	2.79	2.26	+0.53

TFNS vs. XLFI - Sharpe Ratio Comparison

The current TFNS Sharpe Ratio is 0.96, which is comparable to the XLFI Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of TFNS and XLFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TFNS vs. XLFI - Drawdown Comparison

The maximum TFNS drawdown since its inception was -14.00%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for TFNS and XLFI.

Drawdown Indicators

	TFNS	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-14.00%	-11.89%	-2.11%
Max Drawdown (1Y) Largest decline over 1 year	-14.00%	-11.89%	-2.11%
Current Drawdown Current decline from peak	-0.80%	-1.11%	+0.31%
Average Drawdown Average peak-to-trough decline	-3.56%	-3.02%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	4.22%	+0.96%

Volatility

TFNS vs. XLFI - Volatility Comparison

T. Rowe Price Financials ETF (TFNS) has a higher volatility of 3.96% compared to State Street Financial Select Sector SPDR Premium Income ETF (XLFI) at 2.78%. This indicates that TFNS's price experiences larger fluctuations and is considered to be riskier than XLFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFNS	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	2.78%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	9.08%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	11.88%	+3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	11.85%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	11.85%	+3.09%

TFNS vs. XLFI - Expense Ratio Comparison

TFNS has a 0.44% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

TFNS vs. XLFI - Dividend Comparison

TFNS's dividend yield for the trailing twelve months is around 0.46%, less than XLFI's 11.29% yield.

Position	TTM	2025
TFNS T. Rowe Price Financials ETF	0.46%	0.49%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.29%	5.57%

Frequently Asked Questions

Can I hold both TFNS and XLFI in my portfolio?

With a correlation of 0.96, TFNS 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.

Which is riskier, TFNS or XLFI?

TFNS has higher volatility (3.96%) compared to XLFI (2.78%). In terms of maximum drawdown, TFNS dropped -14.00% vs XLFI's -11.89%.

Which ETF is better, TFNS or XLFI?

On 1-year performance, TFNS leads with 16.41% vs 11.31% for XLFI. On fees, XLFI is cheaper at 0.35% per year. On volatility, XLFI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TFNS or XLFI?

Over the 1-year period, TFNS has performed better with a 16.41% return vs 11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TFNS or XLFI?

XLFI is cheaper with a 0.35% expense ratio, compared with 0.44% for TFNS.

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

XLFI has the higher dividend yield at 11.29%, compared with 0.46% for TFNS.

What is the main difference between TFNS and XLFI?

TFNS is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: T. Rowe Price and State Street. Their fees differ too: 0.44% for TFNS and 0.35% for XLFI.

Which has better risk-adjusted returns?

TFNS currently has the higher Sharpe Ratio (0.96 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.