XLFI vs. INDF

Last updated Jul 18, 2026

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

Performance

XLFI vs. INDF - Performance Comparison

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

Returns By Period

XLFI

• 1D: -0.50%
• 1M: 3.86%
• 6M: 2.74%
• YTD: 2.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INDF

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

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

XLFI vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.34%	5.40%
INDF Nifty India Financials ETF	0.00%	-1.63%

Correlation

The correlation between XLFI and INDF 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

XLFI vs. INDF - Sectors Allocation Comparison

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

Return for Risk

XLFI vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Financial Select Sector SPDR Premium Income ETF (XLFI) and Nifty India Financials ETF (INDF). 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

	XLFI	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-11.89%	—	—
Current Drawdown Current decline from peak	-0.50%	—	—
Average Drawdown Average peak-to-trough decline	-3.12%	—	—

Volatility

Volatility by Period

	XLFI	INDF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	—	—

XLFI vs. INDF - Expense Ratio Comparison

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

Dividends

XLFI vs. INDF - Dividend Comparison

XLFI's dividend yield for the trailing twelve months is around 11.38%, while INDF has not paid dividends to shareholders.

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	11.38%	5.57%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLFI and INDF in my portfolio?

XLFI and INDF 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, XLFI or INDF?

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, XLFI or INDF?

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

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

INDF has the higher dividend yield at 21.29%, compared with 11.38% for XLFI.

What is the main difference between XLFI and INDF?

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