TFNS vs. XLFI

Last updated Jul 14, 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. With a 0.96 correlation, they move nearly in lockstep. 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 4.53% return, which is significantly higher than XLFI's 1.85% return.

TFNS

• 1D: 0.54%
• 1M: 5.38%
• 6M: 3.78%
• YTD: 4.53%
• 1Y: 12.81%
• 3Y*: —
• 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)

TFNS vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
TFNS T. Rowe Price Financials ETF	4.53%	6.37%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	1.85%	5.40%

Correlation

The correlation between TFNS and XLFI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.96

TFNS vs. XLFI - Sectors Allocation Comparison

Sectors	TFNS	XLFI
Financial Services	95.6%	99.9%
Technology	1.9%	-
Basic Materials	1.8%	-
Industrials	0.2%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TFNS vs. XLFI — Risk / Return Rank

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

TFNS

TFNS Risk / Return Rank: 26
TFNS Sharpe Ratio Rank: 29
TFNS Sortino Ratio Rank: 27
TFNS Omega Ratio Rank: 27
TFNS Calmar Ratio Rank: 24
TFNS Martin Ratio Rank: 24

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.

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	0.85	—	—
Sortino ratio: Return per unit of downside risk	1.23	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.92	—	—
Martin ratio: Return relative to average drawdown	2.47	—	—

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%	—	—
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-3.70%	-3.17%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	—	—

Volatility

Volatility by Period

	TFNS	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.14%	12.02%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	12.02%	+3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.10%	12.02%	+3.08%

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 0.47%, less than XLFI's 11.44% yield.

Position	TTM	2025
TFNS T. Rowe Price Financials ETF	0.47%	0.49%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.44%	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 ETF is better, TFNS 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, 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 11.44%, compared with 0.47% 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.