xli stock: Industrial Select Sector SPDR Fund (XLI)

Industrial Select Sector SPDR Fund (XLI)

xli stock commonly refers to XLI, the ticker symbol for the State Street Industrial Select Sector SPDR ETF. In this article you will find a clear, beginner-friendly guide to what xli stock is, how the ETF is structured and managed, where it fits in a portfolio, and what investors typically monitor when researching the fund. Practical sections cover fund profile, benchmark, holdings, performance, dividends, fees, trading and liquidity, tax treatment, risks, history, and comparable funds. Throughout, factual notes are time-stamped where specific numbers or media reports are referenced.

Fund profile

• Full name: Industrial Select Sector SPDR Fund
• Common ticker: XLI (NYSE ARCA)
• Issuer / Sponsor: State Street Global Advisors (SSGA)
• Fund structure: Open-end exchange-traded fund (ETF)
• Inception: December 1998 (inception date commonly listed as December 16, 1998)
• Base currency / domicile: U.S. dollar; U.S.-domiciled

xli stock functions as an ETF designed to provide investors with exposure to the Industrials sector as defined within the S&P 500 family of sector classifications. The fund is managed by State Street Global Advisors under the SPDR brand and is listed on a U.S. exchange under the ticker XLI.

Investment objective and strategy

The stated objective of the fund is to track the performance of an index that measures the performance of U.S. large-cap industrial companies. xli stock is implemented via a passive, index-tracking strategy rather than active security selection. State Street typically uses full replication or a representative sampling approach designed to match the target index’s risk/return profile and sector weights. The ETF gains exposure by holding equities of companies classified in the Industrials sector, using a methodology licensed from S&P Dow Jones Indices.

Index tracked

XLI aims to replicate the S&P 500 Industrials Select Sector Index (commonly referred to as the Industrials Select Sector index). The fund maintains a licensing arrangement with S&P Dow Jones Indices to track the benchmark methodology, which defines sector membership and security weights according to the Global Industry Classification Standard and S&P rules.

Key fund statistics

Below are the types of time-sensitive metrics investors check when researching xli stock. All figures change over time; verify current values on the issuer fact sheet and market-data providers.

• Assets under management (AUM): reported AUM is time-stamped and varies with flows and market moves. As of January 21, 2026, market reporting sources described the Industrials sector rally and cited XLI’s notable performance within the last 12 months (see Performance section for dated context). For the latest AUM, consult State Street’s fact sheet.
• Net asset value (NAV): reported daily, used to measure per-share value.
• Net expense ratio: XLI historically has a low expense structure typical for sector SPDRs (commonly cited in public factsheets; verify the current percentage on the SSGA fact sheet).
• Number of holdings: reflects the number of individual industrial-sector stocks held to replicate the index.
• Turnover: some ETFs disclose an annualized turnover figure; index ETFs typically have lower turnover than active funds, but sector reconstitutions and corporate actions cause periodic changes.
• Share class and outstanding shares: available on issuer and market-data pages.
• Base currency: USD.

Note: precise numeric values for AUM, NAV, and expense ratio must be checked against primary sources (State Street fact sheet, prospectus) before making decisions. This article highlights where and how those statistics matter.

Holdings and sector allocation

xli stock is concentrated in industrial-sector equities. The fund’s holdings map to companies classified within Industrials under the S&P sector taxonomy. Holdings are determined by the benchmark index rules; State Street holds equities (or representative samples) to match index weights. Periodic rebalancings and corporate actions (mergers, spin-offs) cause holdings to change.

• Sector concentration: XLI’s allocation is heavily weighted to Industrials by design; any exposure to other sectors is typically minimal and driven by index classification rules.
• Regional exposure: primarily U.S.-listed companies (large-cap firms within the S&P 500 framework).
• Rebalancing cadence: follows S&P index reconstitutions and periodic reweighting. State Street publishes portfolio holdings daily and provides snapshot fact sheets for investors.

Top holdings

Top-holdings snapshots are time-sensitive. As an example of how top-constituent lists are presented by issuers and market-data providers, a dated snapshot would list the largest weightings by company (e.g., major industrial firms such as heavy machinery makers, aerospace & defense, industrial conglomerates, and logistics-focused companies). Always confirm the effective date when citing a top-holdings list because market moves and index rebalances change weights frequently.

As of January 23, 2026, market commentary highlighted that large industrial names contributed materially to the sector’s performance during the prior 12 months; readers should consult the latest SSGA holdings page for an up-to-date top-holdings table.

Performance

When reviewing xli stock performance, investors typically evaluate:

• Price return vs total return (price return excludes dividends; total return includes dividends reinvested).
• Time horizons: year-to-date (YTD), 1-, 3-, 5-, and 10-year returns.
• Trailing returns and cumulative returns for specified periods.
• Tracking error relative to the benchmark index.

As of January 23, 2026, according to major market reports, the Industrials sector had outperformed parts of the broader market over the prior 12 months: reporting sources noted that the sector's ETF performance was stronger than the S&P 500 in the previous year. For example, industry coverage indicated the Industrials sector (XLI) had delivered double-digit gains over the prior 12 months, outpacing the broader index in several recent periods. These observations were highlighted in market commentaries that linked sector performance to infrastructure spending and industrial capex trends. Date-stamped performance figures should always be taken from SSGA or market-data providers to ensure accuracy for the specific evaluation date.

Tracking error and benchmark comparison

Tracking error measures the divergence between xli stock returns and the index it aims to replicate. For a passive ETF, tracking error is a key metric—caused by fees, sampling strategy, cash drag, and securities lending or operational differences. Fund documents and independent data vendors report tracking deviation over rolling periods; consult those sources for exact numbers.

Dividends and distributions

XLI distributes dividends to shareholders based on dividends paid by the underlying constituent companies. Typical ETF dividend-related features include:

• Distribution frequency: many sector ETFs distribute quarterly (confirm XLI’s current distribution schedule on the issuer’s distribution history page).
• Dividend yield: reported as trailing 12-month yield and varies with market dividends and price changes.
• Ex-dividend and payment handling: ETF providers publish ex-dividend dates and payment dates; investors receive distributions in cash unless enrolled in a dividend-reinvestment program via a broker.

Dividend yields and scheduled payments are date-sensitive—always check the current yield and the most recent distribution dates on the State Street investor pages or issuer fact sheet.

Fees and expenses

xli stock, as a sector SPDR, typically carries a low net expense ratio relative to actively managed funds; however investors must account for the total cost of ownership:

• Expense ratio: a small annual percentage deducted from NAV; check the prospectus or fact sheet for the current figure.
• Trading costs: bid–ask spread and brokerage commissions (if any) paid when buying/selling ETF shares.
• Market impact costs: large orders in illiquid market conditions can increase execution cost.

Even low expense ratios compound over time; investors should verify the current expense ratio (reported on SSGA documentation) and consider trading costs when planning purchase size and holding horizon.

Trading and liquidity

• Listing exchange: XLI is listed on a U.S. exchange under the ticker XLI (investors commonly see it quoted on major market-data platforms).
• Average daily trading volume: a key liquidity metric—sector ETFs like XLI typically have robust average volume, but exact figures vary day-to-day.
• Bid–ask spreads: narrow for highly traded sector ETFs; spreads widen during market stress.
• Creation/redemption mechanism: ETFs are liquidity-enhanced by the authorized participant creation and redemption process, which helps keep market prices aligned with NAV.

For investors seeking to trade xli stock, choose a trading venue and execution strategy aligned with your objectives. If you use platform services tied to web3 or multi-asset brokers, Bitget provides trading and wallet services that some investors use for research and trade execution; verify available services for U.S.-listed securities on your chosen platform and review regulatory constraints.

Tax treatment

General U.S. tax considerations for ETF shareholders (not tax advice):

• Dividends: qualified dividends may be taxed at preferential long-term rates (subject to holding-period rules); non-qualified dividends are taxed as ordinary income.
• Capital gains: selling ETF shares for a profit generates capital gains taxed as short-term or long-term depending on the holding period.
• ETF tax efficiency: the in-kind creation/redemption mechanism commonly used by U.S. ETFs can reduce capital gain distributions compared with mutual funds, but ETFs can still distribute gains in certain situations.

Tax circumstances vary by investor. Consult a qualified tax professional or accountant for personal tax implications of owning xli stock.

Risks

Principal risks relevant to xli stock include:

• Sector concentration risk: XLI concentrates exposure in the Industrials sector; sector-specific shocks or cyclical downturns can lead to greater volatility than broad-market funds.
• Market risk: ETF shares are subject to normal equity market fluctuations.
• Tracking error risk: divergence between ETF returns and the benchmark due to fees, sampling, or operational differences.
• Liquidity risk: while XLI is generally liquid, market stress can widen spreads and reduce immediate execution quality.
• Non-diversification: investors who overweight a single sector accept less diversified exposure than a total-market fund.

These are general risk descriptions; the fund prospectus provides a comprehensive risk disclosure tailored to the vehicle.

History and development

XLI launched in December 1998 as part of the select sector SPDR family designed to give efficient, investable exposures to each sector defined within the S&P 500. Over time, XLI has tracked the Industrials sector through multiple economic cycles and rebalancings of the underlying index. Major milestones typically documented by the issuer include inception date, significant changes in AUM, and adjustments in index methodology performed by S&P. For a definitive timeline and corporate filings, refer to the State Street prospectus and historical fact sheets.

Use in investment portfolios

Common uses of xli stock by investors include:

• Sector exposure: targeted allocation to Industrials for tactical or thematic views.
• Core/satellite strategies: using a broad-market core holding with sector ETFs like XLI as satellite positions to tilt sector exposure.
• Diversification: complementing exposure to technology or consumer sectors with industrial cyclicals.
• Hedging and rebalancing: rebalancing exposures in response to macro trends or earnings-driven rotations.

Investor profiles: suitable for investors seeking liquid, low-cost exposure to large-cap U.S. industrial companies. XLI is not a substitute for direct company research if an investor prefers single-stock exposure.

Comparative funds and alternatives

Investors comparing xli stock to alternatives often review:

• Other industrial-sector ETFs and mutual funds (expense ratios, tracking index differences, liquidity).
• Broader sector or thematic ETFs that include industrial exposure plus adjacent sectors (e.g., materials or energy) for a more diversified cyclical tilt.
• Individual industrial stocks for concentrated exposure.

When comparing, prioritize differences in index methodology, expense structure, liquidity, and the provider’s transparency in holdings and turnover.

Regulatory, legal and operational information

XLI operates under a registered fund structure in the U.S. Documents and filings to consult include:

• Fund prospectus and statement of additional information (SAI).
• Daily holdings disclosures and monthly factsheets issued by State Street Global Advisors.
• Regulatory filings with the U.S. Securities and Exchange Commission (SEC) which detail legal, operational, and compliance matters.

Investors should review the prospectus to understand the fund’s legal structure, fees, and risks in full.

See also

• State Street Global Advisors (SSGA)
• SPDR family of ETFs
• Sector ETFs and S&P 500 sector indexes
• S&P 500 and sector classification methodology
• Examples of sector ETF tickers used for comparative research (consult market-data providers for names and tickers)

References

• State Street Global Advisors — fund fact sheet and prospectus (primary issuer documents). Check the latest SSGA materials for time-stamped statistics.
• Major market data providers and quotations (e.g., Yahoo Finance, MarketWatch, Investing.com, FINVIZ) for daily quotes, volume, and holdings snapshots.
• As of January 23, 2026, market coverage in business press highlighted recent outperformance in Industrials and referenced XLI’s sector returns relative to the S&P 500; those reports provide dated context on sector momentum and earnings trends.

External resources

For the most up-to-date fund statistics and legal documents, consult the official issuer pages and the fund’s prospectus/fact sheet available from State Street Global Advisors and regulator filings. Market-data providers publish live quotes, historical performance, and holdings tables for investor research.

Dated market context (reader note)

As of January 23, 2026, coverage in mainstream financial press noted that the Industrials sector had been among the cyclical leaders, supported by infrastructure spending and industrial capex trends. Those reports highlighted that sector ETFs, including XLI, had produced strong 12-month gains relative to the broader S&P 500 in recent periods. These time-stamped market commentaries offer context for short-term performance but do not predict future returns.

Readers should verify real-time figures for xli stock (AUM, NAV, expense ratio, yield, holdings weights, and performance) against primary sources before making any portfolio decisions. For trade execution and custody options, consider the services of a regulated broker or platform. Bitget offers trading infrastructure and wallet services for users who wish to consolidate research and account services; confirm platform availability and regulatory scope for U.S.-listed securities prior to use.