Industrial Select Sector SPDR Fund (XLI) Performance
XLI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.0% since Dec 31, 2025
- 1 year
- +7.6% total return
- 5 years
- +11.1% a year
- 10 years
- +13.1% a year
- Since first price
- +9.2% a year since 1998
XLI trailing returns vs SPY, QQQ, AGG
| Period | XLI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.2% | −3.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.3% | −9.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.9% | −5.4% | +7.8% | +8.4% | −1.5% |
| YTD | +7.0% | +6.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.6% | +6.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +74.7%+20.4%/yr | +67.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +69.3%+11.1%/yr | +57.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +242.1%+13.1%/yr | +188.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +563.0%+13.4%/yr | +403.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +600.4%+10.2%/yr | +377.7% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionDec 22, 1998 | +1,054.3%+9.2%/yr | +607.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XLI vs SPY
From Dec 22, 1998: XLI grew to $115,433, SPY to $101,831.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XLI returns by calendar year
20 of 27 full years positive. Best 2013 (+40.5%), worst 2008 (−38.7%). 2026 is year to date.
XLI annual returns table
| Year | XLI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.0% | −12.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.3% | −17.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.3% | −8.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.1% | −12.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.6% | −21.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.1% | −7.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +10.9% | −42.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +29.1% | −8.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.2% | −24.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +24.0% | −4.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +20.0% | −8.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −4.3% | −15.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +10.4% | −10.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +40.5% | −5.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +14.9% | −12.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −1.1% | −25.8% | +1.9% | +3.4% | +7.7% |
| 2010 | +27.8% | −18.6% | +15.1% | +19.9% | +6.4% |
| 2009 | +22.0% | −37.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −38.7% | −49.1% | −36.8% | −41.7% | +7.9% |
| 2007 | +13.5% | −10.3% | +5.1% | +19.0% | +6.6% |
| 2006 | +13.5% | −12.4% | +15.8% | +7.1% | +3.9% |
| 2005 | +2.7% | −7.7% | +4.8% | +1.6% | +2.3% |
| 2004 | +17.8% | −8.2% | +10.7% | +10.5% | +3.8% |
| 2003 | +31.9% | −15.8% | +28.2% | +49.7% | — |
| 2002 | −24.6% | −36.6% | −21.6% | −37.4% | — |
| 2001 | −10.2% | −32.4% | −11.8% | −33.3% | — |
| 2000 | +6.7% | −14.3% | −9.7% | −36.1% | — |
| 1999 | +22.2% | −11.0% | +20.4% | — | — |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XLI largest drawdowns
Now 11.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 9, 2007 | −62.3% | Mar 9, 2009 | Apr 29, 2011 | 1.4 years | 3.6 years |
| Dec 11, 2000 | −43.3% | Oct 9, 2002 | Dec 1, 2004 | 1.8 years | 4.0 years |
| Feb 12, 2020 | −42.3% | Mar 23, 2020 | Nov 9, 2020 | 40 days | 9 months |
| Apr 29, 2011 | −25.8% | Oct 3, 2011 | Mar 15, 2012 | 5 months | 11 months |
| Sep 21, 2018 | −24.1% | Dec 24, 2018 | Jul 24, 2019 | 3 months | 10 months |
| Jan 4, 2022 | −21.6% | Sep 30, 2022 | Jun 15, 2023 | 9 months | 1.4 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XLI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 1998 |
|---|---|---|---|---|
| Annualized return | +19.8% | +13.0% | +13.0% | +9.1% |
| Volatility (annualized) | 16.2% | 18.5% | 19.1% | 18.7% |
| Sharpe ratio | 0.93 | 0.56 | 0.62 | — |
| Sortino ratio | 1.67 | 0.95 | 0.97 | — |
| Best month | +8.8% | +13.9% | +16.0% | +18.1% |
| Worst month | −8.4% | −10.4% | −18.6% | −18.6% |
| Best 12 months | +38.1% | +38.1% | +69.4% | +73.4% |
| Worst 12 months | +5.6% | −13.9% | −19.6% | −51.7% |
| Positive months | 58% | 52% | 59% | 60% |
| Beta vs S&P 500 | 0.90 | 0.98 | 1.08 | — |
| Correlation with S&P 500 | 0.69 | 0.83 | 0.87 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XLI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 323 | −51.7% | +12.6% | +73.4% | 78% |
| 3-year (a year) | 299 | −17.7% | +11.4% | +32.6% | 82% |
| 5-year (a year) | 275 | −7.0% | +9.7% | +27.7% | 94% |
| 10-year (a year) | 215 | −2.0% | +9.3% | +18.6% | 97% |
Every holding period starting at a month-end since 1998. Returns for 3 years and longer are annualized.
XLI performance overview
Industrial Select Sector SPDR Fund (XLI) returned +7.6% over the past year and +13.1% a year over ten years, with distributions reinvested. Since its first recorded price in 1998 it has returned +9.2% a year, turning $10,000 into about $115,433. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.3%, from Oct 9, 2007 to Mar 9, 2009, and it took 2.1 years to get back to the old high. XLI finished 20 of its 27 full calendar years with a gain; the best year was 2013 (+40.5%) and the worst 2008 (−38.7%). Volatility has been 18.7% a year.
Related: XLI chart, XLI holdings, XLI dividends, XLI valuation. See the XLI overview for the latest quote and fund facts.
XLI performance FAQ
What is the XLI return over the past year?
XLI returned +7.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.4%.
What is the average annual return of XLI?
XLI has returned +11.1% a year over 5 years, +13.1% a year over 10 years, +9.2% a year since December 22, 1998 (total return, distributions reinvested).
How much would $10,000 invested in XLI be worth?
$10,000 invested in XLI at its first recorded close on December 22, 1998 would be worth about $115,433 on October 23, 2026 with distributions reinvested.
What was the worst year for XLI?
The worst calendar year was 2008, with a total return of −38.7%. The best was 2013 at +40.5%.
What is the biggest drawdown of XLI?
The largest peak-to-trough decline was −62.3% between October 9, 2007 and March 9, 2009. It recovered to the old high on April 29, 2011, 2.1 years after the bottom.
How volatile is XLI?
Over the past 3 years XLI had an annualized volatility of 16.2% and a Sharpe ratio of 0.93 (excess return over 1–3 month T-bills per unit of risk).