Industrial Select Sector SPDR® Fund (XLI)

Look-through valuation · Sector · Expense ratio 0.09 % · ISIN US81369Y7040

XLI Industrial Select Sector SPDR® Fund XLI overvalued

Holdings vs fair value −53.6 % weighted average

Quality 63/100 avg alpha quality

Expense ratio 0.09 % per year (TER)

Fund size $ 31.1B yield 1.11 %

The look-through covers 81 % of the fund by weight (47 of 49 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 1998)

Monthly close since 1998. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding	Weight	vs fair value	Quality
Caterpillar Inc CAT	7.7 %	−66.3 %	67
General Electric Company GCP	6.6 %	n/a	n/a
GE Vernova LLC GEV	5.0 %	−80.0 %	66
RTX Corporation RTX	4.7 %	−54.9 %	65
Union Pacific Corporation UNP	3.1 %	−50.2 %	70
The Boeing Company BA	3.0 %	−80.0 %	38
Eaton Corporation PLC ETN	2.8 %	−58.4 %	68
Uber Technologies Inc UBER	2.7 %	−29.7 %	57
Deere & Company DE	2.6 %	−68.4 %	56
Parker-Hannifin Corporation PH	2.1 %	−57.3 %	67
Vertiv Holdings Co VRT	2.1 %	−79.1 %	65
Howmet Aerospace Inc HWM	1.9 %	−80.0 %	76
Trane Technologies plc TT	1.9 %	−56.2 %	70
Lockheed Martin Corporation LMT	1.9 %	−17.8 %	65
Automatic Data Processing Inc ADP	1.8 %	−28.3 %	65
Quanta Services Inc PWR	1.7 %	−77.8 %	56
General Dynamics Corporation GD	1.7 %	−25.0 %	69
CSX Corporation CSX	1.6 %	−74.0 %	68
Cummins Inc CMI	1.6 %	−47.0 %	63
Johnson Controls International PLC JCI	1.6 %	−68.0 %	70
Waste Management Inc WM	1.6 %	−45.0 %	59
United Parcel Service Inc UPS	1.5 %	−7.5 %	63
3M Company MMM	1.5 %	−74.7 %	60
Emerson Electric Company EMR	1.4 %	−56.2 %	58
Norfolk Southern Corporation NSC	1.3 %	−64.1 %	63

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Industrial Select Sector SPDR® Fund an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.