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The Industrial Select Sector SPDR Fund represents the industrial sector of the US stock market and is a true blue American ETF. XLI has a well-diversified portfolio with its top three stock holdings making up only 12% of assets. The profitability of XLI's holdings is strong, but the ETF is currently overvalued and its technical indicators suggest a hold.
The market has seen positive performance in 2023, with the S&P 500 up 22.6% and the Invesco QQQ Trust ETF up 52.7% year to date. The industrial sector, represented by the Industrial Select Sector SPDR Fund ETF, has hit an all-time high with a 13.5% increase this year and a 9.1% increase in the past month. Industrial companies like Union Pacific, Boeing, Honeywell International, Caterpillar, and General Electric have seen strong performance, as have others.
The Industrial Select Sector SPDR ETF (XLI) was launched on 12/16/1998, and is a passively managed exchange traded fund designed to offer broad exposure to the Industrials - Broad segment of the equity market.
The Industrials sector in the S&P 500 is diverse, featuring both conglomerates and niche firms. The Industrial Select Sector SPDR Fund ETF is recommended as a buy due to its valuation and favorable trends. XLI is a large ETF with exposure to various industries and offers a low expense ratio, making it an attractive investment option.
Industrials securities are unloved by financial advisors. However, it is the backbone of a relatively popular sector ETF and two relatively new thematic ETFs positioned to benefit from transformational changes.
Launched on 12/16/1998, the Industrial Select Sector SPDR ETF (XLI) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Broad segment of the equity market.
The second-quarter 2023 earnings reporting cycle is nearing an end. These sectors and the related ETFs emerged winners.
Chuck Jaffe: One fund, on point for today, the expert to talk about it. This is The ETF of the Week.
VettaFi's vice chairman Tom Lydon discussed the Industrial Select Sector SPDR® ETF (XLI) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis, visit VettaFi | ETF Trends.
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