ETF Versus

SPDW vs XLI

State Street SPDR Portfolio Developed World ex-US ETF vs State Street Industrial Select Sector SPDR ETF

Last updated: 2026-04-10

SPDW SPDR

State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is an exchange-traded fund issued by SPDR that provides exposure to equities in developed international markets outside the U.S.. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 3.04%. Launched in 2007, the fund has a 19-year track record.

AUM: $38.2B ER: 0.03% Yield: 3.04% Since: Apr 20, 2007
XLI SPDR

State Street Industrial Select Sector SPDR ETF (XLI) is an exchange-traded fund issued by SPDR that provides exposure to us sector - industrials securities. It charges a low expense ratio of 0.08%. The fund offers a moderate dividend yield of 1.19%. Launched in 1998, the fund has a 28-year track record.

AUM: $29.5B ER: 0.08% Yield: 1.19% Since: Dec 16, 1998

Quick Verdict

SPDW has a slightly lower expense ratio (0.03% vs 0.08%), saving about $99 per $10,000 over 10 years. Both funds have delivered similar 1-year returns (39.9% vs 39.4%), tracking closely. Income investors may prefer SPDW for its higher yield (3.0% vs 1.2%).

Key Metrics

Metric SPDW XLI
Expense Ratio 0.03% 0.08%
Dividend Yield 3.0% 1.2%
Fund Family SPDR SPDR
Category International Developed US Sector - Industrials

Performance Chart

Indexed to 100 at start (5-year comparison)

70 91 112 133 154 175 2021-04 2022-07 2023-10 2025-01 2026-04
SPDW +33.0%
XLI +70.6%

Performance Comparison

Period SPDW XLI Difference
1 Month +2.75% +1.54% +1.21%
3 Months +4.27% +5.47% -1.20%
6 Months +12.72% +13.63% -0.91%
YTD +7.12% +8.94% -1.82%
1 Year +39.87% +39.36% +0.51%
3 Years +48.69% +73.40% -24.71%
5 Years +32.96% +70.60% -37.64%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPDW Fees XLI Fees You Save
$10,000 10 years $60 $159 $99
$10,000 20 years $258 $686 $427
$10,000 30 years $835 $2,212 $1,377
$50,000 10 years $299 $797 $497
$50,000 30 years $4,176 $11,061 $6,886
$100,000 30 years $8,352 $22,123 $13,771

Risk Metrics

Based on 5 years of daily returns

Metric SPDW XLI
Annualized Volatility 16.4% 17.3%
Max Drawdown -33.0% -22.7%
Sharpe Ratio 0.16 0.45

Dividend Comparison

Metric SPDW XLI
Annual Dividend (per share) $1.47 $2.05
Dividend Yield 3.05% 1.19%
Distribution Frequency Semi-Annual or Annual Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

SPDW Top Holdings

NameWeight
Samsung Electronics Co., Ltd.!lon/SMSN2.13%
ASML Holding N.V.!ams/ASML1.71%
SK hynix Inc.!krx/0006601.19%
AstraZeneca PLC!lon/AZN0.99%
HSBC Holdings plc!lon/HSBA0.97%
Novartis AG!swx/NOVN0.93%
Roche Holding AG!swx/ROP0.87%
Shell plc!lon/SHEL0.83%
Nestlé S.A.!swx/NESN0.81%
Toyota Motor Corporation!tyo/72030.81%

XLI Top Holdings

NameWeight
Caterpillar Inc.CAT6.82%
GE AerospaceGE6.11%
RTX CorporationRTX5.08%
GE Vernova Inc.GEV4.86%
The Boeing CompanyBA3.22%
Deere & CompanyDE2.90%
Eaton Corporation plcETN2.90%
Honeywell International Inc.HON2.79%
Union Pacific CorporationUNP2.78%
Uber Technologies, Inc.UBER2.75%

Which One Should You Choose?

Choose SPDW if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SPDW if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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