Is XLI a good investment?

State Street Industrial Select Sector SPDR ETF (XLI) is a industrials and materials ETF. As of September 11, 2026, ETF Copilot scores XLI 3.8 out of 10 — highest on Return (6.9), lowest on Valuation (1.7). It trades at 28.8 times earnings, against its own median of 21.5. Its ten largest holdings are 40% of the fund.

Updated September 11, 2026

How is XLI rated? ETF Copilot scores State Street Industrial Select Sector SPDR ETF (XLI) 3.8 out of 10

As of September 11, 2026, ETF Copilot scores State Street Industrial Select Sector SPDR ETF (XLI) 3.8 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 3.8 / 10
Growth: 2.2 / 10
Valuation: 1.7 / 10
Risk: 3.3 / 10
Quality: 4.4 / 10
Return: 6.9 / 10

What is XLI's expense ratio? 0.08% a year

As of September 11, 2026, XLI charges 0.08% a year, yields 1.36% and holds $31.7B in assets across 82 positions.

State Street Industrial Select Sector SPDR ETF (XLI) — cost, income and size
Measure	XLI
Expense ratio	0.08%
Dividend yield	1.36%
Assets under management	$31.7B
Holdings	82

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in XLI's data

U.S. industrial companies, from aerospace to transportation and manufacturing.

Trades at a higher price than the typical industrial fund — you pay more for each dollar of earnings.

Trailing P/E multiple of 28.8x places it among the priciest peers in the category, well above the 23.0x median. Its forward P/E multiple of 23.3x suggests the market expects growth to cool.

A sector-specific position that pairs with a broad-market core to add industrial exposure.

Why did XLI move this week? It fell 1.3% in the week to September 11, 2026 — Howmet Aerospace and General Electric drove it

XLI fell 1.3% in the week to September 11, 2026. The holdings that moved it most were Howmet Aerospace (−11.9%), General Electric (−2.9%) and Uber Technologies (−5.6%); Eaton (+7.1%) pushed the other way.

Is XLI expensive right now? It trades at 28.8 times earnings, against its own median of 21.5

As of September 11, 2026, XLI is more expensive than 92% of its own 114 monthly readings since 2017 — 105 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside XLI?

What's inside XLI: Size (Large 90%, Mid 10%, Small 0%); Geography (International 8%, US 92%); Tech 4.1%; AI 1.4%.

What are XLI's top holdings? The ten largest are 40% of the fund

Caterpillar, General Electric, Raytheon Technologies, GE Vernova, Deere, Union Pacific, Boeing, Eaton, Uber Technologies and Parker Hannifin are XLI's largest holdings, in that order.

Less concentrated than 61% of Industrials & Materials ETFs.

Half of XLI's weight sits in its 16 largest positions, and once those weights are taken into account it behaves like 39 equally weighted holdings.

Cite this

ETF Copilot, “State Street Industrial Select Sector SPDR ETF (XLI) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/xli