XLF
Financial Select Sector SPDR Fund
Select Sector SPDR® holding S&P 500 stocks in the Financial sector. Component industries include diversified financial services, insurance, banks, capital markets, consumer finance, thrifts and mortgage finance, and mortgage REITs. The fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the benchmark index.
US
EQUITY
Passive
MANAGEMENT STYLE
50.4 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 16, 1998 |
| Assets (mns) | $50,398 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BERKSHIRE HATHAWAY INC-CL B | 12.4 % |
| JPMORGAN CHASE & CO | 10.1 % |
| VISA INC. CLASS A | 7.5 % |
| MASTERCARD INCORPORATED CLASS A | 6.2 % |
| BANK OF AMERICA CORP | 4.6 % |
| WELLS FARGO & CO | 3.7 % |
| GOLDMAN SACHS GROUP INC | 2.7 % |
| MORGAN STANLEY | 2.4 % |
| S&P GLOBAL, INC. | 2.3 % |
| AMERICAN EXPRESS CO | 2.3 % |
Constituent Breakdown
| Number of holdings | 72 |
| Herfindahl-Hirschman Index | 461 |
| Wgt avg mkt cap (mns) | $355,483 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.5 % |
 |
SWITZERLAND | 1.6 % |
 |
IRELAND | 1.2 % |
 |
BERMUDA | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 25.0% | 46.0% | 19.4% | 7.0% | 12.4% | 11.3% | 5.6% | Volatility | 12.8% | 12.7% | 15.3% | 18.8% | 26.2% | 23.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 65% |
| MSCI EAFE | 0.90 | 64% |
| MSCI Emg Mkts | 0.63 | 31% |
Liquidity Measures
| Avg. volume (000) | 42,264 |
| Turnover | 4.2% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $27,389 |
Technical Indicators
| Recent close | $50.17 |
| 30d moving avg. | $46.16 |
| Annualized volatility | 19.7% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 9.4% |
| Short interest (underlying) | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XLF |
Expenses vs. XLF |
ALTAR Score™ vs. XLF |
|---|---|---|---|---|
| FNCL | Fidelity MSCI Financials Index ETF | 83.8% | -1 bp | +0.3% |
| VFH | Vanguard Financials ETF | 81.4% | +1 bp | +0.4% |
| IYG | iShares US Financial Services ETF | 79.6% | +31 bp | -0.3% |
| IYF | iShares U.S. Financials ETF | 76.7% | +31 bp | +0.1% |
| IXG | iShares Global Financials ETF | 59.5% | +33 bp | +0.9% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 55.8% | +31 bp | +0.8% |
| DFNL | Davis Select Financial ETF | 32.6% | +54 bp | +1.3% |
| SPVU | Invesco S&P 500 Enhanced Value ETF | 32.2% | +4 bp | +3.6% |
| KBWB | Invesco KBW Bank ETF | 30.8% | +26 bp | +2.1% |
| USCF | Themes US Cash Flow Champions ETF | 27.9% | +20 bp | +2.5% |
Risk and Returns: XLF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XLF
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
XLF
5.2%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. XLF's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places XLF in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XLFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| XLF (9 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XLF | 9.0 | 2.9 | 11.9 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .