ETF Versus

SPYD vs XLI

State Street SPDR Portfolio S&P 500 High Dividend ETF vs State Street Industrial Select Sector SPDR ETF

Last updated: 2026-04-10

SPYD SPDR

State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund issued by SPDR that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.07%. The fund offers a high dividend yield of 4.33%. Launched in 2015, the fund has a 11-year track record.

AUM: $7.1B ER: 0.07% Yield: 4.33% Since: Oct 21, 2015
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

Both funds have nearly identical expense ratios (0.07% vs 0.08%), so fees are not a differentiator here. Over the past year, XLI has significantly outperformed with a 39.4% return vs 15.3%. Income investors may prefer SPYD for its higher yield (4.3% vs 1.2%).

Key Metrics

Metric SPYD XLI
Expense Ratio 0.07% 0.08%
Dividend Yield 4.3% 1.2%
Fund Family SPDR SPDR
Category US Dividend US Sector - Industrials

Performance Chart

Indexed to 100 at start (5-year comparison)

80 99 118 137 156 175 2021-04 2022-07 2023-10 2025-01 2026-04
SPYD +17.3%
XLI +70.6%

Performance Comparison

Period SPYD XLI Difference
1 Month -0.44% +1.54% -1.98%
3 Months +3.93% +5.47% -1.54%
6 Months +6.95% +13.63% -6.68%
YTD +5.33% +8.94% -3.61%
1 Year +15.30% +39.36% -24.06%
3 Years +19.97% +73.40% -53.43%
5 Years +17.27% +70.60% -53.33%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPYD Fees XLI Fees You Save
$10,000 10 years $140 $159 $20
$10,000 20 years $600 $686 $85
$10,000 30 years $1,938 $2,212 $274
$50,000 10 years $698 $797 $99
$50,000 30 years $9,692 $11,061 $1,370
$100,000 30 years $19,383 $22,123 $2,739

Risk Metrics

Based on 5 years of daily returns

Metric SPYD XLI
Annualized Volatility 16.5% 17.3%
Max Drawdown -27.4% -22.7%
Sharpe Ratio 0.00 0.45

Dividend Comparison

Metric SPYD XLI
Annual Dividend (per share) $1.99 $2.05
Dividend Yield 4.33% 1.19%
Distribution Frequency Quarterly Quarterly

Top Holdings

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

SPYD Top Holdings

NameWeight
APA CorporationAPA1.78%
LyondellBasell Industries N.V.LYB1.75%
Dow Inc.DOW1.69%
EOG Resources, Inc.EOG1.57%
Edison InternationalEIX1.50%
Verizon Communications Inc.VZ1.49%
Phillips 66PSX1.45%
AT&T Inc.T1.42%
Target CorporationTGT1.42%
Chevron CorporationCVX1.41%

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 XLI if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SPYD if...

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

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