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XLFI vs. XLF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLFI vs. XLF

Last updated Jul 10, 2026
Documentation

XLFI (State Street Financial Select Sector SPDR Premium Income ETF) and XLF (State Street Financial Select Sector SPDR ETF) are both exchange-traded funds - XLFI is a Derivative Income fund actively managed by State Street, while XLF is a Financials Equities fund tracking the Financial Select Sector Index. XLFI is actively managed, while XLF is passively managed. With a 0.97 correlation, they move nearly in lockstep. XLFI charges 0.35%/yr vs 0.08%/yr for XLF.

Performance

XLFI vs. XLF - 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 State Street Financial Select Sector SPDR ETF (XLF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLFI achieves a 1.11% return, which is significantly lower than XLF's 2.29% return.

XLFI

1D
0.73%
1M
3.97%
6M
-0.23%
YTD
1.11%
1Y
—
3Y*
—
5Y*
—
10Y*
—

XLF

1D
1.04%
1M
6.24%
6M
0.22%
YTD
2.29%
1Y
7.64%
3Y*
19.95%
5Y*
10.53%
10Y*
13.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLFI vs. XLF - Yearly Performance Comparison

2026 (YTD)2025
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		1.11%5.40%
XLF
State Street Financial Select Sector SPDR ETF		2.29%4.44%

Correlation

The correlation between XLFI and XLF is 0.97 - 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

0.97

XLFI vs. XLF - Sectors Allocation Comparison

Sectors
XLFI
XLF

Financial Services

99.9%
98.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

0.2%

Real Estate

-

-

Technology

-

1.8%

Utilities

-

-

Financial Services

XLFI
99.9%
XLF
98.0%

Basic Materials

XLFI

-

XLF

-

Communication Services

XLFI

-

XLF

-

Consumer Cyclical

XLFI

-

XLF

-

Consumer Defensive

XLFI

-

XLF

-

Energy

XLFI

-

XLF

-

Healthcare

XLFI

-

XLF

-

Industrials

XLFI

-

XLF
0.2%

Real Estate

XLFI

-

XLF

-

Technology

XLFI

-

XLF
1.8%

Utilities

XLFI

-

XLF

-

Compare stocks, funds, or ETFs

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State Street Financial Select Sector SPDR Premium Income ETF

State Street Financial Select Sector SPDR ETF

Often compared with XLFI:
XLFI vs. XLUXLFI vs. CHPYXLFI vs. FYEEXLFI vs. IVVWXLFI vs. SPYMXLFI vs. FINYXLFI vs. FXO
Often compared with XLF:
XLF vs. SPYXLF vs. VFHXLF vs. KBWBXLF vs. XLVXLF vs. KREXLF vs. KBEXLF vs. JPM

Return for Risk

XLFI vs. XLF — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XLF
XLF Risk / Return Rank: 1818
Overall Rank
XLF Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
XLF Sortino Ratio Rank: 1818
Sortino Ratio Rank
XLF Omega Ratio Rank: 1818
Omega Ratio Rank
XLF Calmar Ratio Rank: 1717
Calmar Ratio Rank
XLF Martin Ratio Rank: 1717
Martin Ratio Rank
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.

XLFI vs. XLF - 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 State Street Financial Select Sector SPDR ETF (XLF). 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.

XLFIXLFDifference
Sharpe ratioReturn per unit of total volatility

—

0.52

—

Sortino ratioReturn per unit of downside risk

—

0.80

—

Omega ratioGain probability vs. loss probability

—

1.10

—

Calmar ratioReturn relative to maximum drawdown

—

0.52

—

Martin ratioReturn relative to average drawdown

—

1.32

—

XLFI vs. XLF - Sharpe Ratio Comparison

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Drawdowns

XLFI vs. XLF - Drawdown Comparison

The maximum XLFI drawdown since its inception was -11.89%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for XLFI and XLF.

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Drawdown Indicators

XLFIXLFDifference

Max Drawdown

Largest peak-to-trough decline

-11.89%

-82.69%

+70.80%

Max Drawdown (1Y)

Largest decline over 1 year

—

-14.79%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.54%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.81%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.86%

—

Current Drawdown

Current decline from peak

-0.61%

-1.07%

+0.46%

Average Drawdown

Average peak-to-trough decline

-3.20%

-19.97%

+16.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.81%

—

Volatility

XLFI vs. XLF - Volatility Comparison

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Volatility by Period

XLFIXLFDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.38%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

11.50%

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.06%

14.78%

-2.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.06%

18.54%

-6.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.06%

22.07%

-10.01%

XLFI vs. XLF - Expense Ratio Comparison

XLFI has a 0.35% expense ratio, which is higher than XLF's 0.08% expense ratio.

Dividends

XLFI vs. XLF - Dividend Comparison

XLFI's dividend yield for the trailing twelve months is around 11.52%, more than XLF's 1.45% yield.

PositionTTM20252024202320222021202020192018201720162015
XLF
State Street Financial Select Sector SPDR ETF		1.45%1.31%1.42%1.71%2.04%1.63%2.03%1.87%2.08%1.48%21.10%1.95%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		11.52%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 0.97, XLFI and XLF 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, XLF is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLF is cheaper with a 0.08% expense ratio, compared with 0.35% for XLFI.

XLFI has the higher dividend yield at 11.52%, compared with 1.45% for XLF.

XLFI is categorized as Derivative Income, while XLF is Financials Equities. Their fees differ too: 0.35% for XLFI and 0.08% for XLF.

Portfolio Optimizer

Find the right allocation for XLFI and XLF

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