What is XLI and what does it track?

State Street Industrial Select Sector SPDR ETF (XLI) is an exchange-traded fund (ETF) providing diversified exposure to a basket of securities. ETFs trade on major stock exchanges like individual stocks, combining diversification with intraday flexibility.

How large is XLI in terms of assets under management?

XLI currently manages approximately $31.65B in assets. Larger funds typically benefit from higher liquidity and tighter bid-ask spreads, reducing trading costs.

Does XLI pay distributions or dividends?

XLI currently has a distribution yield of 1.02%. ETF distributions are typically paid monthly or quarterly and are passed through from income generated by the underlying holdings.

What are the costs of holding XLI?

XLI has an annual expense ratio (TER) of 0.08%. This fee is deducted directly from the fund's assets. Lower expense ratios are generally preferable, as costs compound over time. The portfolio turnover rate is 3%, reflecting how frequently holdings are replaced within a year.

What does the momentum analysis show for XLI?

The momentum analysis tracks the daily rate of change of XLI's smoothed price average. A consistently positive and rising value indicates the ETF's trend is gaining strength. A declining or negative value suggests the trend is weakening.

How often is the XLI data updated?

All data on this page is updated once per trading day after the US market closes, using official end-of-day prices.

XLI – State Street Industrial Select Sector SPDR ETF

ETF

Industrials | Inception: 1998-12-16

Quick Stats

Trend Signal

$180.25

Last Close

Official EOD price – basis for all calculations

▲ Long

Swing Trend

Moving average structure confirms uptrend – bulls in control

+5.82%

Signal Edge

Slim positive edge across 8 signals – treat with caution

12.0

Trend Strength (ADX)

Weak / ranging – trend signals less reliable

Options Signals

27%

IV-Rank (52w)

IV in normal range – no clear vol edge

65% / 35%

Call / Put Flow

Bullish positioning – call premium dominates options flow

Last Trendchange Signal

12.06.26

Date

Signal entry date

$176.18

Entry Price

Closing price at signal date

32d

Days Held

Trading days since signal

+2.85%

+10d

Return after 10 trading days

+3.26%

+20d

Return after 20 trading days

+3.98%

+30d

Return after 30 trading days

+3.28%

+60d

Return after 60 trading days

Trend Overview

Trend Under Pressure – Bearish Composite Score: -2 / 7

XLI is showing signs of trend deterioration. The primary trend is losing structural support. Momentum has been running negative for -2 days though selling strength is beginning to ease. The moving average structure is breaking down.

What to watch

This is not an environment for new long exposure. If holding a position, reassess the stop placement relative to the EMA21 at $182.12 and GD50 at $181.80.

Latest XLI Reports

Exchange Traded Funds - Signals XLI Signal Review 10 Days: -0.48% Performance Exit Rule

Apr 28, 2026

Exchange Traded Funds - Signals XLI Trade Setup: 6.25% Historical Edge with Clear Exit Rules

Apr 15, 2026

XLI Price Chart

Technical Trend Analysis

As of 21.08.2026 · Close: $180.25 · ATR14: $1.41

Trend Under Pressure – Bearish Composite Score: -2 / 7

What to watch

This is not an environment for new long exposure. If holding a position, reassess the stop placement relative to the EMA21 at $182.12 and GD50 at $181.80.

Indicator	Signal	Detail
Swing Trend	▲ Long	Primary directional bias
Momentum	▼ Down · -2d	Strength: -0.11 – Fading
Trend Strength (ADX)	12.0 – Weak	ADX38: 13.6
Volatility (HV30)	16.1% – Calm	HV90: 18.8% \| HV180: 18.4%
Vola Compression	None	Normal range
MA Structure	Golden Cross ✓	Stack: Fully aligned – bullish stack
EMA21 Distance	-1.92 ATR ↓	EMA21: $182.12
GD200 Extension	4.5 ATR – Normal	GD20: -1.2 \| GD50: -0.6 \| GD100: 1.4

🟡 Downside Momentum Easing

Downward momentum has run -2 days but strength is decreasing (-0.11). The move may be exhausting.

⚪ Trend Strength – ADX14: 12.0 (Weak)

Weak or ranging market. ADX38: 13.6. Trend-following signals carry lower reliability.

🔻 Volatility Calm

HV30: 16.1% | HV90: 18.8% | HV180: 18.4%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

⭐ Golden Cross – Long-term Bullish

Golden Cross in place. GD50 $181.80 above GD200 $169.57 by 7.21%. Long-term structure is bullish. MA stack: Fully aligned – bullish stack.

📉 EMA21 – Gap Narrowing

Price is -1.92 ATR from the EMA21 ($182.12) but the distance is shrinking.

📐 Key Price Levels & ATR Distance

GD20: $183.34 (-1.2 ATR) | GD50: $181.80 (-0.6 ATR) | GD100: $176.82 (1.4 ATR) | GD200: $169.57 (4.5 ATR). ATR14: $1.41.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010	-3.32	3.78	6.91	3.59	-10.90	-5.22	10.75	-8.74	6.72	2.78	1.34	4.25	23.13
2011	3.19	0.71	4.00	1.90	-2.61	2.31	-8.52	-5.98	-8.32	17.68	4.57	-0.09	-3.90
2012	5.02	1.69	0.16	-1.73	-6.60	5.81	1.27	2.22	1.53	-0.57	-0.03	3.19	9.89
2013	3.27	1.24	2.10	0.48	6.40	-2.51	4.85	-4.11	4.72	4.11	2.92	4.12	34.66
2014	-2.91	7.03	1.20	0.63	2.17	-0.41	-4.71	4.33	-1.94	5.87	3.21	0.71	9.80
2015	-3.43	3.81	-3.88	0.42	-0.92	-3.57	-0.20	-4.95	-0.08	9.02	-0.29	-3.62	-6.19
2016	-4.42	4.51	4.38	0.77	-0.94	0.07	3.29	1.07	-0.44	-2.09	10.03	-0.96	18.97
2017	1.26	4.09	-2.85	2.19	2.09	0.25	-0.32	0.51	3.62	0.06	4.22	2.83	20.90
2018	4.74	-3.69	-1.14	-0.74	3.55	-4.82	7.15	1.61	1.77	-11.64	2.01	-12.22	-15.38
2019	10.86	6.20	-1.81	1.87	-7.03	6.73	0.43	-0.72	3.88	T 3.62	2.27	0.97	25.84
2020	-2.29	T -9.87	-22.00	T 13.95	8.67	1.30	T 4.88	8.02	-2.06	T -1.15	12.97	0.84	6.67
2021	-1.90	T 5.79	5.94	3.19	2.08	-2.97	T 0.22	1.81	-6.02	T 5.35	-3.83	T 6.48	22.45
2022	-4.00	-2.19	T 4.65	-6.89	-0.67	-7.20	T 8.56	-2.94	-10.98	T 10.56	7.91	-3.48	-6.41
2023	T 3.49	-1.58	-0.19	T -1.34	-3.67	T 9.41	2.87	-2.28	-6.82	-2.02	T 8.48	4.83	15.82
2024	0.04	5.39	3.65	-2.78	T 1.89	-0.11	T 6.06	4.76	5.36	-1.24	7.45	-7.82	16.77
2025	T 5.37	-0.47	-2.47	T -0.45	8.03	3.42	2.70	T 1.52	T 2.44	0.82	-0.46	T 2.43	18.14
2026	4.72	5.74	-9.60	T 6.17	0.10	T 7.44	-1.92	-1.59					14.10

T A T badge marks a Trendchange signal in that month. Hover for entry price.

Trendchange Signal History

The last 10 Trendchange signals for XLI:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
12.06.26	$176.18	32d	+2.85%	+3.26%	+3.98%	+3.28%
03.06.26	$174.05	4d	+2.66%	+0%	+0%	+0%
14.04.26	$173.35	16d	-0.48%	+0.97%	+0.55%	+0%
03.12.25	$154.21	42d	+1.2%	+0.59%	+7.5%	+14.25%
19.09.25	$153.12	24d	+0.71%	+0.08%	+1.03%	+5.81%
28.08.25	$153.42	2d	+0%	-1.43%	+0%	+0%
24.04.25	$129.02	65d	+3.98%	+9.53%	+11.39%	+20.04%
23.01.25	$141.67	7d	-3.21%	-2.69%	-2.69%	+1.46%
16.07.24	$128.19	25d	-1.65%	-4.26%	+0.74%	+7.54%
09.05.24	$125.59	13d	-0.22%	-0.9%	-0.9%	+1.24%

Signal Statistics – Historical Edge

Calculated edge for XLI: 5.82%

Range	N	10d	20d	30d	60d	Signal
3-5%	8	+3.75%	+6.31%	+7.35%	+11.92%	Hold
1-3%	15	+1.99%	+2.64%	+4.36%	+7.12%	Hold
0-1%	5	+0.5%	+0.09%	+0.52%	+2.97%	Close
-1-0%	8	-0.44%	+0.27%	+0.49%	-0.84%	Neg
-3-1%	5	-1.76%	-1.54%	+0.31%	+0.3%	Neg
-5-3%	2	-3.13%	+0.4%	+6.52%	+12.88%	Neg

Exit Rules: Stoploss: -10% | Close if below 1% after 10 days

Signal data as of August 21, 2026

MEDIUM ALERT ● Neutral Strength: 4

Options Metrics

IV-Rank (52w)

27%

IV is in its normal historical range – no structural vol edge in either direction.

Call / Put Flow

65% / 35%

More than 60% of options premium is flowing into calls. This indicates net bullish positioning by market participants.

GEX (Mio.)

-728,037.3

Negative GEX: market makers are short gamma. They sell dips and buy rallies, which amplifies moves and increases volatility.

GEX Flip Strike

$182.50 · 1.2%

GEX flip strike is very close to spot price. Crossing this level can trigger a regime change – from suppressed to amplified volatility.

Max Pain

$181.00 · 0.4%

Max Pain is the price at which the most options contracts expire worthless. As expiration approaches, price often gravitates toward this level due to dealer hedging flows.

Spot Price

$180.25

Last traded price at signal calculation time

Gamma Exposure Timeline

Key GEX levels, Max Pain, and unusual activity across weekly and monthly expirations, plotted around the current spot price.

XLI GEX timeline showing put/call gamma pins, max pain and flip strike

Key GEX levels, Max Pain, Anchor, Ceiling and unusual activity across 14-30 DTE, plotted around the current spot price.

Put and call pins mark strikes where dealer gamma exposure concentrates. The GEX flip strike is where dealer hedging shifts from stabilizing (positive gamma) to amplifying (negative gamma) price moves. Max Pain is the strike where the most options expire worthless. Dashed markers flag unusual options activity. Learn how to use these signals in our options strategy guides →

View full options flow data and historical signals on the Options Flow Analysis Overview →

About State Street Industrial Select Sector SPDR ETF

Under normal market conditions, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Industrial companies by the Global Industry Classification Standard, including securities of companies from the following industries: aerospace and defense; industrial conglomerates; marine transportation. It is non-diversified.

Fund Overview

Metric	Value
Assets under Management	$31.65 B
Expense Ratio	0.08%
Dividend Yield	1.02%
Portfolio Turnover	3%
YTD Return	1,424.60%
3-Year Return	20.28%
5-Year Return	12.09%

Sector Allocation

Sector	Weight
Industrials	99.7%

Top 10 Holdings

Symbol	Company	Weight
CAT	CATERPILLAR INC	6.43%
GE	GE AEROSPACE	6.29%
RTX	RTX CORP	5.42%
GEV	GE VERNOVA INC	4.4%
BA	BOEING CO	3.28%
UBER	UBER TECHNOLOGIES INC	3.04%
HON	HONEYWELL INTERNATIONAL INC	2.92%
DE	DEERE & CO	2.82%
UNP	UNION PACIFIC CORP	2.82%
ETN	EATON CORP PLC	2.75%

Frequently Asked Questions – State Street Industrial Select Sector SPDR ETF (XLI)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.