Data Source: from January 1999 to February 2023 (~24 years)
Consolidated Returns as of 28 February 2023
Live Update: Mar 20 2023
Category: Stocks
ETF: Industrial Select Sector SPDR Fund (XLI)
ETF • LIVE PERFORMANCE (USD currency)
0.91%
1 Day
Mar 20 2023
3.39%
Current Month
March 2023

In the last 20 Years, the Industrial Select Sector SPDR Fund (XLI) ETF obtained a 10.77% compound annual return, with a 18.35% standard deviation.

In 2022, the ETF granted a 1.53% dividend yield. If you are interested in getting periodic income, please refer to the Industrial Select Sector SPDR Fund (XLI) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: North America
  • Country: U.S.
  • Sector: Industrials
  • Industry: Broad Industrials

Historical Returns as of Feb 28, 2023

Historical returns and Metrics of Industrial Select Sector SPDR Fund (XLI) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends
INDUSTRIAL SELECT SECTOR SPDR FUND (XLI) ETF
Portfolio Metrics
Data Source: 1 January 1999 - 28 February 2023 (~24 years)
Swipe left to see all data
Metrics as of Feb 28, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
(~24Y)
Portfolio
Return (%)
-0.86 -0.26 9.69 2.83 13.29 7.60 11.55 10.77 7.94
US Inflation (%) 0.56 1.05 1.58 6.04 5.16 3.86 2.63 2.51 2.54
Infl. Adjusted
Return (%)
-1.41 -1.30 7.99 -3.03 7.73 3.60 8.70 8.05 5.26
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 24.62 23.68 22.31 17.75 18.35 18.95
Sharpe Ratio 0.03 0.53 0.29 0.61 0.53 0.21
Sortino Ratio 0.05 0.73 0.39 0.84 0.70 0.28
MAXIMUM DRAWDOWN
Drawdown Depth (%) -18.83 -20.74 -27.13 -27.13 -57.16 -57.16
Start (yyyy mm) 2022 04 2022 01 2019 12 2019 12 2007 10 2007 10
Bottom (yyyy mm) 2022 09 2022 09 2020 03 2020 03 2009 02 2009 02
Start to Bottom (# months) 6 9 4 4 17 17
Start to Recovery (# months) in progress
10
> 14
12
12
43
43
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 73.50 32.59 27.73 18.62 10.77
Worst Return (%) -51.68 -17.72 -7.01 -2.07 5.55
% Positive Periods 75% 79% 93% 96% 100%
MONTHS
Positive 0 1 3 5 20 33 74 154 177
Negative 1 2 3 7 16 27 46 86 113
% Positive 0% 33% 50% 42% 56% 55% 62% 64% 61%
WITHDRAWAL RATES (WR)
Safe WR (%) 42.94 22.09 17.50 11.05 6.33
Perpetual WR (%) 7.17 3.48 8.00 7.45 5.00
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
  • Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
  • Rolling Returns: returns over a time frame (best, worst, % of positive returns).
  • Pos./Neg. Months: number of months with positive/negative return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).

Correlations as of Feb 28, 2023

Monthly correlations of Industrial Select Sector SPDR Fund (XLI) ETF vs the main Asset Classes, over different timeframes.

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1.

If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.

Asset correlations are calculated based on monthly returns.

Columns are sortable (click on table header to sort).

INDUSTRIAL SELECT SECTOR SPDR FUND (XLI) ETF
Monthly correlations as of 28 February 2023
Swipe left to see all data
Correlation vs XLI
 
Asset Class 1 Year 5 Years 10 Years Since
Jan 1999
US Total Stock Market
VTI
0.95
0.92
0.92
0.89
US Large Cap
SPY
0.96
0.92
0.92
0.90
US Small Cap
IJR
0.94
0.89
0.87
0.79
US REITs
VNQ
0.82
0.77
0.63
0.63
US Technology
QQQ
0.86
0.78
0.77
0.67
Preferred Stocks
PFF
0.58
0.67
0.59
0.46
EAFE Stocks
EFA
0.85
0.88
0.82
0.80
World All Countries
VT
0.93
0.93
0.90
0.87
Emerging Markets
EEM
0.58
0.68
0.63
0.68
Europe
VGK
0.87
0.87
0.81
0.80
Pacific
VPL
0.81
0.84
0.74
0.69
Latin America
FLLA
0.69
0.60
0.54
0.62
US Total Bond Market
BND
0.63
0.29
0.20
0.03
Long Term Treasuries
TLT
0.47
-0.10
-0.14
-0.24
US Cash
BIL
0.06
-0.17
-0.14
-0.07
TIPS
TIP
0.85
0.45
0.31
0.11
Invest. Grade Bonds
LQD
0.70
0.51
0.43
0.25
High Yield Bonds
HYG
0.85
0.78
0.73
0.65
International Bonds
BNDX
0.76
0.36
0.27
0.12
Emerg. Market Bonds
EMB
0.76
0.66
0.57
0.49
Gold
GLD
0.32
0.10
0.03
0.01
Commodities
DBC
0.46
0.55
0.46
0.35

Capital Growth as of Feb 28, 2023

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the Industrial Select Sector SPDR Fund (XLI) ETF: Dividend Yield page.

An investment of 1000$, since March 2003, now would be worth 7727.98$, with a total return of 672.80% (10.77% annualized).

The Inflation Adjusted Capital now would be 4703.48$, with a net total return of 370.35% (8.05% annualized).
An investment of 1000$, since January 1999, now would be worth 6340.67$, with a total return of 534.07% (7.94% annualized).

The Inflation Adjusted Capital now would be 3454.45$, with a net total return of 245.44% (5.26% annualized).

Drawdowns

Worst drawdowns since March 2003.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-57.16% Oct 2007 Feb 2009 17 Apr 2011 26 43
-27.13% Dec 2019 Mar 2020 4 Nov 2020 8 12
-23.70% May 2011 Sep 2011 5 Dec 2012 15 20
-20.74% Jan 2022 Sep 2022 9 in progress 5 14
-17.66% Feb 2018 Dec 2018 11 Apr 2019 4 15
-11.90% Mar 2015 Sep 2015 7 Apr 2016 7 14
-7.64% May 2019 May 2019 1 Jul 2019 2 3
-7.41% May 2006 Jul 2006 3 Nov 2006 4 7
-6.33% Jun 2021 Sep 2021 4 Oct 2021 1 5
-5.30% Jan 2005 Apr 2005 4 Nov 2005 7 11
-4.27% Jan 2021 Jan 2021 1 Feb 2021 1 2
-4.27% Jan 2014 Jan 2014 1 Mar 2014 2 3
-4.13% Jul 2014 Jul 2014 1 Oct 2014 3 4
-3.58% Dec 2014 Jan 2015 2 Feb 2015 1 3
-3.56% Nov 2021 Nov 2021 1 Dec 2021 1 2
-2.79% Jul 2004 Jul 2004 1 Oct 2004 3 4
-2.73% Sep 2003 Sep 2003 1 Oct 2003 1 2
-2.65% Aug 2019 Aug 2019 1 Sep 2019 1 2
-2.48% Aug 2013 Aug 2013 1 Sep 2013 1 2
-2.00% Oct 2016 Oct 2016 1 Nov 2016 1 2

Worst drawdowns since January 1999.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-57.16% Oct 2007 Feb 2009 17 Apr 2011 26 43
-37.14% Feb 2001 Feb 2003 25 Nov 2004 21 46
-27.13% Dec 2019 Mar 2020 4 Nov 2020 8 12
-23.70% May 2011 Sep 2011 5 Dec 2012 15 20
-20.74% Jan 2022 Sep 2022 9 in progress 5 14
-17.66% Feb 2018 Dec 2018 11 Apr 2019 4 15
-13.35% Jul 1999 Feb 2000 8 Apr 2000 2 10
-11.90% Mar 2015 Sep 2015 7 Apr 2016 7 14
-7.64% May 2019 May 2019 1 Jul 2019 2 3
-7.41% May 2006 Jul 2006 3 Nov 2006 4 7
-6.33% Jun 2021 Sep 2021 4 Oct 2021 1 5
-5.30% Jan 2005 Apr 2005 4 Nov 2005 7 11
-4.34% May 2000 Jun 2000 2 Aug 2000 2 4
-4.27% Jan 2021 Jan 2021 1 Feb 2021 1 2
-4.27% Jan 2014 Jan 2014 1 Mar 2014 2 3
-4.13% Jul 2014 Jul 2014 1 Oct 2014 3 4
-4.09% Sep 2000 Nov 2000 3 Jan 2001 2 5
-3.58% Dec 2014 Jan 2015 2 Feb 2015 1 3
-3.56% Nov 2021 Nov 2021 1 Dec 2021 1 2
-2.65% Aug 2019 Aug 2019 1 Sep 2019 1 2

Rolling Returns ( more details)

Industrial Select Sector SPDR Fund (XLI) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
9.36 73.50
Mar 2009 - Feb 2010
-51.68
Mar 2008 - Feb 2009
25.45%
2 Years
8.58 50.60
Mar 2009 - Feb 2011
-29.09
Mar 2007 - Feb 2009
21.35%
3 Years
8.03 32.59
Mar 2009 - Feb 2012
-17.72
Mar 2006 - Feb 2009
21.18%
5 Years
8.52 27.73
Mar 2009 - Feb 2014
-7.01
Mar 2004 - Feb 2009
7.36%
7 Years
8.56 19.81
Mar 2009 - Feb 2016
-4.55
Mar 2002 - Feb 2009
3.38%
10 Years
8.44 18.62
Mar 2009 - Feb 2019
-2.07
Mar 1999 - Feb 2009
4.09%
15 Years
8.35 12.02
Feb 2003 - Jan 2018
5.10
Feb 2001 - Jan 2016
0.00%
20 Years
8.07 10.77
Mar 2003 - Feb 2023
5.55
Apr 2000 - Mar 2020
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Industrial Select Sector SPDR Fund (XLI) ETF: Rolling Returns page.

Seasonality

Industrial Select Sector SPDR Fund (XLI) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.13
40%
0.33
40%
-2.00
40%
1.18
60%
0.70
60%
-0.63
40%
4.55
100%
0.87
60%
-2.40
40%
1.90
60%
5.72
80%
-1.49
40%
 Capital Growth on monthly avg returns
100
101.13
101.46
99.43
100.60
101.31
100.67
105.25
106.16
103.62
105.59
111.62
109.97
Best 11.4
2019
6.9
2021
9.0
2021
8.8
2020
5.4
2020
7.9
2019
9.5
2022
8.5
2020
3.0
2019
13.9
2022
16.0
2020
5.4
2021
Worst -4.8
2022
-9.9
2020
-18.6
2020
-7.6
2022
-7.6
2019
-7.4
2022
0.5
2019
-2.8
2022
-10.4
2022
-10.9
2018
-3.6
2021
-10.6
2018
Monthly Seasonality over the period Mar 2018 - Feb 2023
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-0.07
40%
1.54
60%
-0.30
50%
0.95
60%
1.21
70%
-0.48
50%
2.88
90%
0.19
60%
-0.51
50%
2.57
70%
4.94
90%
-0.34
50%
 Capital Growth on monthly avg returns
100
99.93
101.47
101.16
102.12
103.36
102.86
105.82
106.01
105.47
108.18
113.53
113.15
Best 11.4
2019
6.9
2021
9.0
2021
8.8
2020
5.4
2020
7.9
2019
9.5
2022
8.5
2020
5.9
2013
13.9
2022
16.0
2020
5.4
2021
Worst -5.7
2016
-9.9
2020
-18.6
2020
-7.6
2022
-7.6
2019
-7.4
2022
-4.1
2014
-5.4
2015
-10.4
2022
-10.9
2018
-3.6
2021
-10.6
2018
Monthly Seasonality over the period Mar 2013 - Feb 2023
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-0.91
44%
0.06
56%
1.48
67%
2.97
67%
0.51
63%
-1.13
42%
1.41
71%
0.25
63%
-1.17
50%
1.44
63%
3.24
79%
1.42
71%
 Capital Growth on monthly avg returns
100
99.09
99.16
100.62
103.61
104.14
102.96
104.41
104.67
103.45
104.94
108.34
109.88
Best 11.4
2019
6.9
2021
13.9
2000
18.1
2009
5.4
2020
7.9
2019
10.4
2010
9.9
2000
11.5
2010
14.4
2011
16.0
2020
8.1
1999
Worst -12.0
2009
-17.0
2009
-18.6
2020
-7.6
2022
-9.1
2010
-12.0
2008
-6.9
2011
-6.9
2010
-14.7
2001
-18.2
2008
-8.2
2008
-10.6
2018
Monthly Seasonality over the period Jan 1999 - Feb 2023

Monthly/Yearly Returns

Industrial Select Sector SPDR Fund (XLI) ETF data source starts from January 1999: let's focus on monthly and yearly returns.

We are providing two different views:
  • Histogram: it shows the distribution of the returns recorded so far
  • Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
Jan 1999 - Feb 2023
177 Positive Months (61%) - 113 Negative Months (39%)
MONTHLY RETURNS TABLE
Jan 1999 - Feb 2023
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023
+2.81 +1.43 3.7 -0.9
2022
-5.58 -11.31 -4.8 -0.8 3.4 -7.6 -0.5 -7.4 9.5 -2.8 -10.4 13.9 7.8 -3.0
2021
+21.09 +13.13 -4.3 6.9 9.0 3.5 3.1 -2.3 0.9 1.1 -6.1 6.8 -3.6 5.4
2020
+10.96 +9.47 -0.4 -9.9 -18.6 8.8 5.4 2.0 4.4 8.5 -0.7 -1.4 16.0 1.0
2019
+29.09 +26.21 11.4 6.4 -1.1 4.0 -7.6 7.9 0.5 -2.6 3.0 1.1 4.5 -0.2
2018
-13.24 -14.87 5.4 -3.9 -2.7 -2.8 3.1 -3.4 7.4 0.2 2.2 -10.9 3.8 -10.6
2017
+23.97 +21.41 1.9 3.9 -0.8 2.0 1.8 1.3 0.3 0.2 4.2 0.7 4.2 2.1
2016
+20.01 +17.57 -5.7 4.3 7.0 1.2 -0.4 0.7 3.6 0.9 0.2 -2.0 9.1 0.3
2015
-4.30 -5.00 -3.6 5.4 -2.5 -0.3 0.3 -2.7 0.3 -5.4 -2.2 8.8 0.9 -2.6
2014
+10.36 +9.53 -4.3 4.1 1.0 1.3 1.9 0.5 -4.1 4.2 -1.1 3.9 3.1 0.0
2013
+40.55 +38.47 5.8 2.2 2.4 -0.7 5.0 -1.5 5.9 -2.5 5.9 4.8 3.7 4.2
2012
+14.93 +12.96 7.3 2.8 1.0 -1.1 -6.3 3.4 0.4 1.5 1.1 -0.1 1.8 2.8
2011
-1.11 -3.96 3.9 2.1 2.2 2.7 -2.8 -0.5 -6.9 -6.6 -9.3 14.4 1.4 0.3
2010
+27.82 +25.93 -1.5 5.3 8.7 4.3 -9.1 -6.9 10.4 -6.9 11.5 2.9 1.3 7.5
2009
+22.07 +18.84 -12.0 -17.0 8.8 18.1 3.4 -1.7 8.7 4.8 5.8 -4.0 8.8 1.7
2008
-38.74 -38.80 -5.5 -2.0 3.6 2.9 0.9 -12.0 0.8 2.7 -12.1 -18.2 -8.2 2.3
2007
+13.48 +9.03 2.1 -1.1 0.8 4.6 5.2 0.0 0.9 0.0 4.7 -1.3 -2.8 -0.1
2006
+13.51 +10.69 0.3 3.1 4.4 2.2 -1.7 -0.1 -5.7 1.1 3.8 2.8 2.5 0.5
2005
+2.74 -0.65 -2.8 1.2 0.0 -3.6 3.2 -2.6 3.8 -2.4 1.7 -1.4 5.8 0.5
2004
+17.75 +14.04 1.0 -0.7 -1.2 0.0 2.5 6.2 -2.8 0.1 2.1 1.0 6.3 2.5
2003
+31.84 +29.41 -5.4 -1.5 1.0 10.8 2.7 2.1 3.3 3.9 -2.7 6.2 2.0 6.6
2002
-24.58 -26.33 -6.3 2.5 2.7 -6.9 0.4 -6.1 -5.7 -1.6 -11.5 4.9 5.2 -3.9
2001
-10.19 -11.57 0.4 -6.0 -9.6 11.4 4.2 -6.2 -0.2 -3.4 -14.7 1.8 10.0 4.9
2000
+6.73 +3.23 -8.2 -5.5 13.9 1.4 -0.4 -3.9 1.5 9.9 -2.9 2.2 -3.4 4.0
1999
+21.84 +18.65 -1.1 0.9 2.1 15.0 -2.0 6.1 -3.7 0.8 -0.5 -2.2 -2.2 8.1
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