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XLI vs. XLII
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLI vs. XLII

Last updated Jun 24, 2026

XLI (Industrial Select Sector SPDR Fund) and XLII (State Street Industrial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - XLI is a Industrials Equities fund tracking the Industrial Select Sector Index, while XLII is a Derivative Income fund actively managed by State Street. XLI is passively managed, while XLII is actively managed. With a 0.96 correlation, they move nearly in lockstep. XLI charges 0.08%/yr vs 0.35%/yr for XLII.

Performance

XLI vs. XLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Industrial Select Sector SPDR Fund (XLI) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLI achieves a 15.45% return, which is significantly higher than XLII's 9.77% return.

XLI

1D
-2.01%
1M
3.97%
YTD
15.45%
6M
14.08%
1Y
25.43%
3Y*
21.67%
5Y*
13.47%
10Y*
14.55%

XLII

1D
-1.37%
1M
4.07%
YTD
9.77%
6M
9.38%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLI vs. XLII - Yearly Performance Comparison

2026 (YTD)2025
XLI
Industrial Select Sector SPDR Fund		15.45%2.32%
XLII
State Street Industrial Select Sector SPDR Premium Income ETF		9.77%6.30%

Correlation

The correlation between XLI and XLII 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

XLI vs. XLII - Sectors Allocation Comparison

Sectors
XLI
XLII

Industrials

91.2%
93.8%

Utilities

4.5%

-

Technology

3.7%
5.9%

Consumer Cyclical

0.5%
0.3%

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

100.8%

Healthcare

-

-

Real Estate

-

-

Industrials

XLI
91.2%
XLII
93.8%

Utilities

XLI
4.5%
XLII

-

Technology

XLI
3.7%
XLII
5.9%

Consumer Cyclical

XLI
0.5%
XLII
0.3%

Basic Materials

XLI

-

XLII

-

Communication Services

XLI

-

XLII

-

Consumer Defensive

XLI

-

XLII

-

Energy

XLI

-

XLII

-

Financial Services

XLI

-

XLII
100.8%

Healthcare

XLI

-

XLII

-

Real Estate

XLI

-

XLII

-

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Industrial Select Sector SPDR Fund

State Street Industrial Select Sector SPDR Premium Income ETF

Often compared with XLI:
XLI vs. VISXLI vs. PAVEXLI vs. XLKXLI vs. SPYXLI vs. FIDUXLI vs. ITAXLI vs. AIRR
Often compared with XLII:
XLII vs. IPAVXLII vs. CWIIXLII vs. IVEPXLII vs. PPAXLII vs. RIFRXLII vs. JETSXLII vs. MADE

Return for Risk

XLI vs. XLII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLI
XLI Risk / Return Rank: 4646
Overall Rank
XLI Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
XLI Sortino Ratio Rank: 4747
Sortino Ratio Rank
XLI Omega Ratio Rank: 4343
Omega Ratio Rank
XLI Calmar Ratio Rank: 4343
Calmar Ratio Rank
XLI Martin Ratio Rank: 5050
Martin Ratio Rank
XLII

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.

XLI vs. XLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). 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.

XLIXLIIDifference
Sharpe ratioReturn per unit of total volatility
1.57

—

—

Sortino ratioReturn per unit of downside risk
2.25

—

—

Omega ratioGain probability vs. loss probability

1.27

—

—

Calmar ratioReturn relative to maximum drawdown

2.09

—

—

Martin ratioReturn relative to average drawdown

8.24

—

—

XLI vs. XLII - Sharpe Ratio Comparison

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Drawdowns

XLI vs. XLII - Drawdown Comparison

The maximum XLI drawdown since its inception was -62.26%, which is greater than XLII's maximum drawdown of -10.10%. Use the drawdown chart below to compare losses from any high point for XLI and XLII.

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Drawdown Indicators

XLIXLIIDifference

Max Drawdown

Largest peak-to-trough decline

-62.26%

-10.10%

-52.16%

Max Drawdown (1Y)

Largest decline over 1 year

-12.21%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-18.49%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-21.64%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.33%

—

—

Current Drawdown

Current decline from peak

-2.01%

-1.37%

-0.64%

Average Drawdown

Average peak-to-trough decline

-9.19%

-1.30%

-7.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

—

—

Volatility

XLI vs. XLII - Volatility Comparison

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Volatility by Period

XLIXLIIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.25%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.67%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.33%

12.19%

+4.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.55%

12.19%

+5.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.02%

12.19%

+7.83%

XLI vs. XLII - Expense Ratio Comparison

XLI has a 0.08% expense ratio, which is lower than XLII's 0.35% expense ratio.

Dividends

XLI vs. XLII - Dividend Comparison

XLI's dividend yield for the trailing twelve months is around 1.16%, less than XLII's 10.97% yield.

PositionTTM20252024202320222021202020192018201720162015
XLI
Industrial Select Sector SPDR Fund		1.16%1.29%1.44%1.63%1.63%1.25%1.55%1.94%2.15%1.77%2.07%2.15%
XLII
State Street Industrial Select Sector SPDR Premium Income ETF		10.97%5.47%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 0.96, XLI and XLII 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, XLI is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLI is cheaper with a 0.08% expense ratio, compared with 0.35% for XLII.

XLII has the higher dividend yield at 10.97%, compared with 1.16% for XLI.

XLI is categorized as Industrials Equities, while XLII is Derivative Income. Their fees differ too: 0.08% for XLI and 0.35% for XLII.

Portfolio Optimizer

Find the right allocation for XLI and XLII

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