IYJ vs XLI: Grades, Fees and Holdings Compared

iShares U.S. Industrials ETF

IYJCCboe

State Street Industrial Select Sector SPDR ETF

XLIANYSE Arca

Overlap

58.9%by weight

Expense ratio

XLI −0.29pt a year

IYJ0.37%XLI0.08%

Avg volume · 30D

XLI 55.6×the volume

IYJ127KXLI7.07M

10Y return · a year

XLI +1.0pt

IYJ+12.2%XLI+13.2%

IYJ vs XLI Performance

Oct 29, 2021 – Oct 30, 2026

+49.4%IYJ+72.6%XLI

Expense ratio: IYJ 0.37%; XLI 0.08%, better
Fund size: IYJ $1.82B; XLI $31.5B
1Y total return: IYJ +9.0%; XLI +9.2%, better
Yield (12M): IYJ 0.67%; XLI 1.13%, better
Holdings: IYJ 217; XLI 85
Avg volume (30D): IYJ 127K sh; XLI 7.07M sh, better
NAV per share: IYJ $158.53; XLI $170.10
52W range

ETF.net Grade

Pillar letters and Scores for IYJ, XLI, with each pillar’s weight
Pillar	IYJ	XLI
Cost30% weight	C41	A90Higher
Mission25% weight	Not scored	A85
Risk15% weight	C54	B67Higher
Tradability15% weight	A71	A95Higher
Holdings10% weight	C46Higher	C44
Durability5% weight	B66	A81Higher

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. IYJ and XLI are both graded against the same 10 Industrials (Broad) funds, so their Grades compare head to head.

Industrials (Broad)⁠

Category · 10 funds

See all 10 ›

XLI ranks 1st and IYJ 4th of 10 funds in the Industrials (Broad) Category.

Rank 1AXLIState Street Industrial Select Sector SPDR ETFScore 79
Rank 2AFIDUFidelity MSCI Industrials Index ETFScore 72
Rank 4CEXIiShares Global Industrials ETFScore 52
Rank 4CIYJiShares U.S. Industrials ETFScore 52
Rank 6CPSCIInvesco S&P SmallCap Industrials ETFScore 49

Our read on each fund

ETF.net Research

IYJCiShares U.S. Industrials ETF

XLIAState Street Industrial Select Sector SPDR ETF

In short

IYJ Industrials with a wider net: roughly 200 construction, manufacturing and transport names drawn from the Russell 1000, not just the S&P 500 blue chips. An iShares original, trading since 2000.

XLI One of the original 1998 sector SPDRs: the S&P 500's industrial engine (defense primes, machinery, railroads, freight) in about 80 large-cap names for 0.08% a year.

Stated mandate

IYJ The fund seeks to track an index of U.S. industrial-sector equities, providing diversified access to companies involved in construction, manufacturing, and transportation.

XLI The fund seeks to track, before expenses, the price and yield performance of the Industrial Select Sector Index.

Why people hold it

IYJ Casts a wider net than S&P 500 sector funds: roughly 200 holdings pulled from the Russell 1000 industrials, so mid-cap machinery, transport and services names make the cut.blackrock.com ssga.com
The index is a capped build, trimming outsized single-stock weights at rebalance to stay inside fund diversification limits. One mega-cap industrial can't quietly take over.lseg.com
Listed since June 2000 and now a multi-billion-dollar fund that pays quarterly. Long operating history through several industrial cycles, run by the biggest ETF shop around.

XLI Charges 0.08% a year against a peer-group median of 0.38%, putting it at the bottom of the fee table with FIDU and a hair under VIS.
Launched in December 1998 as one of the first US sector funds. Decades of live history, a multi-billion-dollar asset base, and very heavy daily trading.
Plain index fund, no factor tilts or screens: it owns the industrial sector of the S&P 500 as defined, and has tracked that index closely.ssga.com
Rates in the top quartile of the broad industrials funds we cover, one of the stronger implementations in the group.

Worth knowing

IYJ Breadth costs: 0.37% sits near the industrials category median, but plain-vanilla rivals XLI (0.08%), FIDU (0.084%) and VIS (0.09%) charge a fraction of it.
Still market-cap weighted under the caps, so the largest industrials set the tone while the long tail of mid caps carries small weights.blackrock.com
One sector, one cycle: construction, manufacturing and transportation earnings swing with the economy, so this moves on industrial news, not the whole market's.

XLI S&P 500 only, so mid and small caps are out. VIS and FIDU reach further down the cap ladder; PSCI covers small-cap industrials exclusively.ssga.com
About 80 stocks weighted by market value, so the aerospace, defense and machinery giants at the top drive most of the move. RSPN spreads it evenly for 0.40%.
One sector, one economy: industrials swing with the business cycle, and this is a concentrated slice rather than a diversified core holding. Pays quarterly.

Full IYJ profile⁠

Full XLI profile⁠

IYJ vs XLI Holdings

How IYJ and XLI differ

Overlap by weight

58.9%

Shared holdings make up 90.6% of XLI and 58.9% of IYJ.

Level by level

Sector14 Sectors0.3%
Holdings72 in both58.9%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in IYJ and XLI, widest gap first
Sector	More in IYJMore in XLI	IYJ	XLI
Industrials	XLI +93.4 points	0.0%	93.4%
Capital Goods	IYJ +55.5 points	55.5%	0.0%
Financials	IYJ +21.6 points	21.6%	0.0%
Transportation	IYJ +8.3 points	8.3%	0.0%
Technology	XLI +6.1 points	0.0%	6.1%
Commercial & Professional Services	IYJ +5.1 points	5.1%	0.0%
Materials	IYJ +4.6 points	4.9%	0.3%
Software & Services	IYJ +2.2 points	2.2%	0.0%
Tech Hardware & Equip	IYJ +1.6 points	1.6%	0.0%
Pharma, Biotech & Life Sciences	IYJ +0.4 points	0.4%	0.0%
Consumer Discretionary	XLI +0.2 points	0.0%	0.2%
Semiconductors & Semiconductor Equipment	IYJ +0.2 points	0.2%	0.0%
Consumer Durables	IYJ +0.1 points	0.1%	0.0%
Consumer Services	IYJ +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IYJ and XLI, widest gap first
Country	More in IYJMore in XLI	IYJ	XLI
United States	XLI +0.9 points	99.1%	100.0%
United Kingdom	IYJ +0.5 points	0.5%	0.0%
Other countries (3)	IYJ +0.4 points	0.4%	0.0%

Concentration

Weight in the 10 largest Holdings

IYJ36.5%
XLI37.5%

Securities held

IYJ214
XLI83

Asset class

IYJ: Equity
XLI: Equity

Holdings

Only in IYJ142
In both72
Only in XLI11

Only in IYJ

142 securities, 41.0% of IYJ by weight

Visa Class A8.58%
Mastercard Class A6.30%
American Express2.05%
Accenture PLC Class A1.94%
Capital One Financial Corp1.51%
Sherwin Williams0.93%
Crh Public Limited PLC0.74%
Keysight Technologies0.64%
PayPal Holdings0.59%
Block Class A0.49%
Vulcan Materials0.45%
Sunbelt Rentals Holdings Inc0.42%
Mettler Toledo0.41%
Martin Marietta Materials0.39%
Rocket Lab Corp0.37%
Teledyne Technologies0.37%
Ppg Industries0.33%
Fiserv Inc0.32%
Corpay0.31%
Dow0.31%
Synchrony Financial0.30%
Smurfit Westrock PLC0.28%
Ati0.27%
Packaging Corp of America0.27%
Global Payments Inc0.27%
Amcor PLC0.27%
Xpo0.26%
Affirm Holdings Class A0.25%
Nvent Electric PLC0.25%
Fidelity National Information Serv0.24%
Ftai Aviation0.23%
Woodward0.22%
Heico Class A0.22%
Itt Inc0.22%
Ball Corp0.22%
Curtiss Wright0.21%
Zebra Technologies Corp Class A0.21%
Api Group0.21%
Wesco International0.20%
Trimble Inc0.18%
Carlisle Companies0.18%
Transunion0.18%
Lincoln Electric Holdings0.18%
Heico0.17%
Mks0.17%
Rpm International Inc0.16%
Crown Holdings Inc0.16%
Bwx Technologies Inc0.15%
Mastec Inc0.14%
Jack Henry and Associates Inc0.14%

Only in XLI

11 securities, 9.3% of XLI by weight

Uber Technologies Inc2.48%
Waste Management Inc1.59%
Fastenal Co1.12%
Delta Air Lines Inc0.90%
Republic Services Inc0.86%
United Airlines Holdings Inc0.63%
Copart Inc0.46%
Southwest Airlines Co0.39%
Broadridge Financial Solutio0.38%
Leidos Holdings Inc0.33%
Rollins Inc0.19%

Weight gaps

All 72 Holdings in both funds, largest gap first.

Holding weights in IYJ and XLI, widest gap first
Holding	More in IYJMore in XLI	IYJ	XLI
Ge AerospaceGE	XLI +2.20 points	3.81%	6.01%
Caterpillar IncCAT	XLI +2.05 points	3.46%	5.51%
RtxRTX	XLI +1.67 points	3.30%	4.97%
Ge VernovaGEV	XLI +1.56 points	2.82%	4.38%
Union PacificUNP	XLI +1.11 points	2.21%	3.32%
Eaton PLCETN	XLI +1.07 points	1.76%	2.83%
DeereDE	XLI +1.03 points	2.04%	3.07%
BoeingBA	XLI +0.92 points	1.60%	2.52%
Lockheed MartinLMT	XLI +0.84 points	1.58%	2.42%
Parker-HannifinPH	XLI +0.78 points	1.39%	2.17%
Johnson Controls International PLCJCI	XLI +0.67 points	1.10%	1.77%
Automatic Data Processing IncADP	XLI +0.66 points	1.44%	2.10%
Vertiv Holdings Class AVRT	XLI +0.66 points	1.09%	1.75%
Trane Technologies PLCTT	XLI +0.65 points	1.11%	1.76%
Quanta Services IncPWR	XLI +0.64 points	1.13%	1.77%
Emerson ElectricEMR	XLI +0.63 points	1.13%	1.76%
CsxCSX	XLI +0.61 points	1.18%	1.79%
3MMMM	XLI +0.59 points	1.10%	1.69%
General Dynamics CorpGD	XLI +0.57 points	1.17%	1.74%
Howmet AerospaceHWM	XLI +0.55 points	0.97%	1.52%
Bloom Energy Class ABE	XLI +0.52 points	0.69%	1.21%
United Parcel Service Inc Class BUPS	XLI +0.50 points	0.99%	1.49%
United RentalsURI	XLI +0.49 points	0.89%	1.38%
Norfolk Southern CorpNSC	XLI +0.48 points	0.94%	1.42%
Northrop Grumman CorpNOC	XLI +0.48 points	0.91%	1.39%
Cummins IncCMI	XLI +0.48 points	0.84%	1.32%
CintasCTAS	XLI +0.47 points	0.92%	1.39%
Honeywell International IncHON	XLI +0.45 points	0.85%	1.30%
Transdigm GroupTDG	XLI +0.41 points	0.79%	1.20%
Fedex CorpFDX	XLI +0.41 points	0.84%	1.25%
Ametek IncAME	XLI +0.40 points	0.67%	1.07%
Ww Grainger IncGWW	XLI +0.38 points	0.72%	1.10%
Illinois Tool IncITW	XLI +0.37 points	0.98%	1.35%
Paccar IncPCAR	XLI +0.36 points	0.64%	1.00%
Honeywell Aerospace IncHONA	XLI +0.34 points	0.60%	0.94%
Comfort Systems UsaFIX	XLI +0.33 points	0.53%	0.86%
Carrier GlobalCARR	XLI +0.34 points	0.51%	0.85%
Rockwell Automation IncROK	XLI +0.33 points	0.60%	0.93%
L3HARRIS TechnologiesLHX	XLI +0.33 points	0.63%	0.96%
Westinghouse Air Brake TechnologieWAB	XLI +0.31 points	0.58%	0.89%
Ferguson EnterprisesFERG	XLI +0.30 points	0.56%	0.86%
Axon EnterpriseAXON	XLI +0.26 points	0.40%	0.66%
PaychexPAYX	XLI +0.21 points	0.44%	0.65%
Old Dominion Freight LineODFL	XLI +0.20 points	0.39%	0.59%
Emcor GroupEME	XLI +0.19 points	0.37%	0.56%
DoverDOV	XLI +0.18 points	0.34%	0.52%
Otis WorldwideOTIS	XLI +0.17 points	0.36%	0.53%
Expeditors International of WashinEXPD	XLI +0.16 points	0.32%	0.48%
Hubbell IncHUBB	XLI +0.16 points	0.27%	0.43%
Verisk AnalyticsVRSK	XLI +0.15 points	0.31%	0.46%
VeraltoVLTO	XLI +0.14 points	0.33%	0.47%
Xylem IncXYL	XLI +0.13 points	0.26%	0.39%
Ingersoll RandIR	XLI +0.13 points	0.38%	0.51%
EquifaxEFX	XLI +0.13 points	0.26%	0.39%
FortiveFTV	XLI +0.13 points	0.24%	0.37%
Snap On IncSNA	XLI +0.12 points	0.22%	0.34%
Dupont De NemoursDD	XLI +0.12 points	0.23%	0.35%
IdexIEX	XLI +0.12 points	0.21%	0.33%
NordsonNDSN	XLI +0.11 points	0.21%	0.32%
Jacobs Solutions IncJ	XLI +0.11 points	0.22%	0.33%
Allegion PLCALLE	XLI +0.10 points	0.19%	0.29%
Jb Hunt Transport ServicesJBHT	XLI +0.10 points	0.20%	0.30%
Stanley Black & DeckerSWK	XLI +0.10 points	0.19%	0.29%
MascoMAS	XLI +0.10 points	0.19%	0.29%
Textron IncTXT	XLI +0.10 points	0.18%	0.28%
Ch Robinson WorldwideCHRW	XLI +0.10 points	0.18%	0.28%
Generac HoldingsGNRC	XLI +0.08 points	0.14%	0.22%
Huntington Ingalls IndustriesHII	XLI +0.08 points	0.15%	0.23%
Lennox InternationalLII	XLI +0.07 points	0.13%	0.20%
PentairPNR	XLI +0.06 points	0.13%	0.19%
A O SmithAOS	XLI +0.05 points	0.08%	0.13%
Fedex Freight Holding Company IncFDXF	XLI +0.03 points	0.21%	0.24%

All 214 IYJ holdings⁠All 83 XLI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IYJ vs XLI Cost

Overpaying IYJ vs XLI

$5,824

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IYJ 0.37%
$7,513
XLI 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

IYJ 0.37%
XLI 0.08%
Overpaying

Year by year

Year	IYJ	XLI	Overpaying
10	$670	$147	$523
20	$2,590	$575	$2,015
30	$7,513	$1,689	$5,824

Expense ratio

0.37%IYJ
0.08%XLI, cheaper

XLI0.08%IYJ0.37%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

XLI cheapest of 10 funds

IYJ 6th cheapest of 10 funds

IYJ vs XLI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IYJ 0.67%; XLI 1.13%, better
Payout (12M): IYJ $1.06; XLI $1.88
Last payment: IYJ $0.30; XLI $0.45
Ex-dividend: IYJ Sep 15, 2026; XLI Sep 21, 2026
Paid on: IYJ Sep 18, 2026; XLI Sep 23, 2026
Frequency: IYJ Quarterly; XLI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IYJQuarterly · 39 paymentsAll IYJ payments⁠

XLIQuarterly · 39 paymentsAll XLI payments⁠

IYJ vs XLI Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IYJ 15.3%, betterXLI 15.9%
Return per unit of riskSharpe ratio, 3 years: IYJ 0.92XLI 1.01, better
Worst fallMax drawdown, 5 years: IYJ −26.0%XLI −21.7%, better
Market sensitivityBeta, 5 years: IYJ 1.01XLI 1.00; Market = 1

IYJ and XLI in the news

All news⁠

Sector Pulse
Caterpillar and Deere fell as industrials dropped 2.2%
Oct 7, 2026XLI
Closing Bell
Industrial Stocks Sink 2.2% as Treasury Yields Hit 24-Year Highs
Oct 7, 2026XLI
Behind the Index
Apple, Microsoft, Nvidia, Amazon and Alphabet rose, and the S&P 500 fund still fell
Sep 30, 2026XLI
Sector Pulse
Industrials led the sector funds as Caterpillar, GE Aerospace and Bloom Energy rose
Sep 26, 2026XLI
Sector Pulse
The S&P 500 slipped 0.07% as utilities closed at a 52-week low
Sep 24, 2026XLI
Sector Pulse
Real estate falls 2.3% as the 10-year yield closes at 5.11%
Sep 23, 2026XLI

Popular comparisons

IYJCvsFIDUA
iShares U.S. Industrials ETF · Fidelity MSCI Industrials Index ETF
Expense ratio
0.37% · 0.08%
Category
XLIAvsFIDUA
State Street Industrial Select Sector SPDR ETF · Fidelity MSCI Industrials Index ETF
Expense ratio
0.08% · 0.08%
Category
IYJCvsVISB
iShares U.S. Industrials ETF · Vanguard Industrials ETF
Expense ratio
0.37% · 0.09%
Category
XLIAvsVISB
State Street Industrial Select Sector SPDR ETF · Vanguard Industrials ETF
Expense ratio
0.08% · 0.09%
Category
IYJCvsEXIC
iShares U.S. Industrials ETF · iShares Global Industrials ETF
Expense ratio
0.37% · 0.38%
Category
XLIAvsEXIC
State Street Industrial Select Sector SPDR ETF · iShares Global Industrials ETF
Expense ratio
0.08% · 0.38%
Category