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Wednesday, August 19, 2026The Morning Brief →Sign in
XLISPDRINDEX

Industrial Select Sector SPDR Fund

$181.92-0.90% today
14818752-WK

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 securities of companies from the following industries: aerospace and defense; industrial conglomerates; marine; transportation infrastructure; machinery; road and rail; air freight and logistics; commercial services and supplies; etc. It is non-diversified.

Price & daily flows
178.2167.2156.1181.92DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$5.4B OVER THIS RANGE

The desk’s read

Money keeps arriving — +$304M of net buying over the past month, about 0.9% of the fund's asset base, while the price has returned +15.2% so far this year. At 0.090% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$34.7Bassets under management
0.090%expense ratio · $9 per $10,000 a year
+$304Mnet flow, trailing month
6Mavg daily volume, 30 days
79holdings · US-domiciled
1998listed December 15, 1998 · beta 0.95
The book at a glance
GE+1.7%CAT-4.7%RTX+1.7%GEV-6.8%UNP-0.4%BA-1.3%ETN-5.3%UBER-0.2%DE-1.5%PH-1.1%LMT+2.3%HWM+1.1%ADP+1.3%VRT-6.9%PWR-3.5%TT-2.7%GD+0.7%MMM+0.3%CSX-0.7%JCI-2.8%EMR-2.7%CMI-3.5%WM-0.3%NOC+3.4%NSC-0.7%UPS-0.1%ITW-0.9%HON-0.9%FDX-1.0%URI-4.5%TDG-0.3%CTASPCAR-2.2%FIX-7.5%FAST+0.0%AME-1.7%GWW-0.3%DAL-2.2%LHXHONA-0.1%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1GEGENERAL ELECTRIC6.74%$375.24+1.7%
2CATCATERPILLAR8.48%$840.85-4.7%
3RTXRAYTHEON TECHNOLOGIES4.42%$225.51+1.7%
4GEVGE Vernova5.46%$1004.92-6.8%
5UNPUNION PACIFIC2.79%$298.99-0.4%
6BABOEING2.95%$223.02-1.3%
7ETNEATON CORP2.86%$431.42-5.3%
8UBERUBER2.54%$74.69-0.2%
9DEDEERE &2.75%$591.22-1.5%
10PHPARKER HANNIFIN2.13%$1041.59-1.1%
11LMTLOCKHEED MARTIN1.79%$607.51+2.3%
12HWMHOWMET AEROSPACE1.86%$292.96+1.1%
13ADPAUTOMATIC DATA PROCESSING1.55%$269.49+1.3%
14VRTVERTIV HOLDINGS2.22%$272.45-6.9%
15PWRQUANTA SERVICES1.87%$696.64-3.5%

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Sector weights
Industrials88.1%
Producer Manufacturing35%
Electronic Technology24.67%
Transportation20.46%
Technology9.93%
Technology Services6.76%
Information Technology6.05%
Industrial Services3.96%
Distribution Services2.29%
Retail Trade1.93%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States100%
Ireland6.87%
United Kingdom0.36%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.1%
1 month+1.4%
3 months+6.5%
6 months+4.4%
YTD+15.2%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$38M
1 month+$304M
3 months+$2.2B
YTD+$3.8B
1 year+$5.4B

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
18%realized volatility, 30 days (annualized)
17%realized volatility, 1 year
-12.5%deepest fall from a peak, 1 year
-2.5%where it sits vs. that peak today

The top holding is 8.5% of the book; the top ten carry 41%. Spread across 83+ names, it behaves like roughly 36 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
5Kcalls today
5Kputs today
0.94put/call ratio
4.5Mshares traded
Most-traded holdings, options premiumBullishBearish
CAT CATERPILLAR$26M$33M
GEV GE Vernova$25M$26M
BA BOEING$15M$24M
VRT VERTIV HOLDINGS$11M$10M
UBER UBER$7M$9M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against XLI

Due diligence cuts both ways. These funds sit on the same shelf and beat XLI on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-4bp on fee · 4× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-5bp on fee · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-5bp on fee · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-5bp on fee · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M-2bp on fee · 6× the assets · +$631M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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