TRUI vs XLI: Grades, Fees and Holdings Compared

VanEck Industrials TruSector ETF

TRUICNasdaq

State Street Industrial Select Sector SPDR ETF

XLIANYSE Arca

Overlap

98.7%by weight

Expense ratio

XLI −0.02pt a year

TRUI0.10%XLI0.08%

Avg volume · 30D

XLI 23060.7×the volume

TRUI316XLI7.29M

TRUI vs XLI Performance

Aug 7, 2026 – Nov 9, 2026

−8.6%TRUI−8.6%XLI

Expense ratio: TRUI 0.10%; XLI 0.08%, better
Fund size: TRUI $0; XLI $29.5B
1Y total return: TRUI No data; XLI +11.4%
Yield (12M): TRUI No data; XLI 1.12%
Holdings: TRUI 84; XLI 85
Avg volume (30D): TRUI 316 sh; XLI 7.29M sh, better
NAV per share: TRUI $23.24; XLI $162.69
52W range

ETF.net Grade

Pillar letters and Scores for TRUI, XLI, with each pillar’s weight
Pillar	TRUI	XLI
Cost30% weight	A72	A90Higher
Mission25% weight	Not scored	A85
Risk15% weight	C47	B68Higher
Tradability15% weight	F14	A95Higher
Holdings10% weight	C41	C46Higher
Durability5% weight	F5	A81Higher

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. TRUI 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 TRUI 8th of 10 funds in the Industrials (Broad) Category.

Rank 1AXLIState Street Industrial Select Sector SPDR ETFScore 80
Rank 2AFIDUFidelity MSCI Industrials Index ETFScore 69
Rank 7CRSPNInvesco S&P 500 Equal Weight Industrials ETFScore 48
Rank 8CTRUIVanEck Industrials TruSector ETFScore 40
Rank 9DFXRFirst Trust Industrials/Producer Durables AlphaDEX FundScore 32

Our read on each fund

ETF.net Research

TRUICVanEck Industrials TruSector ETF

XLIAState Street Industrial Select Sector SPDR ETF

In short

TRUI Index sector funds get trimmed by diversification rules that cap their biggest names. TRUI is VanEck's actively managed answer for industrials: full market-cap sector weights, priced at 0.10%.

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

TRUI The Fund is actively managed and seeks long-term capital appreciation through securities or instruments providing exposure to industrials-related companies.

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

Why people hold it

TRUI Cheap for an active fund: 0.10%, a rounding error from the group's cheapest index options (XLI and FIDU at 0.08%) and well under the typical industrials ETF.
The design: own sector stocks up to regulatory limits, then add sector-ETF positions for the rest, so the biggest names aren't shaved down the way capped indexes shave them.vaneck.com vaneck.com 2
One unified fee: VanEck's adviser pays the fund's ordinary operating costs, with carve-outs for items like acquired fund fees, interest, trading costs and taxes.vaneck.com
Built as a building block. TruSector now covers all 11 GICS sectors, so a sector sleeve can be assembled without mixing methodologies.vaneck.com

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

TRUI The ETF sleeve carries acquired fund fees, which ride on top of the 0.10% management fee rather than inside it.vaneck.com
Industrials spreads across many names rather than one dominant mega-cap, so the capping distortion this structure targets does less work here than in tech or media.vaneck.com
Launched in 2026 and actively run: short history, a small asset base, and light trading that can leave spreads wider than the sector's long-established giants.

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 TRUI profile⁠

Full XLI profile⁠

TRUI vs XLI Holdings

How TRUI and XLI differ

Overlap by weight

98.7%

Shared holdings make up 99.98% of XLI and 99.98% of TRUI.

Level by level

Holdings83 in both98.7%
Asset classStocks100%
Countryby domicile100%
Sector4 Sectors99.97%

Sector

Sector weights in TRUI and XLI, widest gap first
Sector	Gap	TRUI	XLI
Technology	Same weight	6.9%	6.9%
Industrials	Same weight	92.5%	92.5%
Consumer Discretionary	Same weight	0.2%	0.2%
Materials	Same weight	0.4%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in TRUI and XLI, widest gap first
Country	More in TRUIMore in XLI	Gap	TRUI	XLI
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

TRUI37.4%
XLI37.3%

Securities held

TRUI83
XLI83

Asset class

TRUI: Stocks
XLI: Stocks

Holdings

Only in TRUI0
In both83
Only in XLI0

Only in TRUI

0 securities, 0.0% of TRUI by weight

Only in XLI

0 securities, 0.0% of XLI by weight

Weight gaps

All 83 Holdings in both funds, largest gap first.

Holding weights in TRUI and XLI, widest gap first
Holding	Gap	TRUI	XLI
Transdigm Group IncTDG	XLI +0.25 points	1.03%	1.28%
Comfort Systems Usa IncFIX	TRUI +0.19 points	0.88%	0.69%
Parker-Hannifin CorpPH	TRUI +0.13 points	2.37%	2.24%
United Rentals IncURI	TRUI +0.09 points	1.36%	1.27%
Deere & CoDE	XLI +0.08 points	3.18%	3.26%
Caterpillar IncCAT	TRUI +0.08 points	5.05%	4.97%
Hubbell IncHUBB	XLI +0.07 points	0.37%	0.44%
Eaton Corp PlcETN	XLI +0.07 points	2.50%	2.57%
General Dynamics CorpGD	XLI +0.06 points	1.68%	1.74%
Lennox International IncLII	XLI +0.06 points	0.15%	0.21%
Quanta Services IncPWR	TRUI +0.06 points	1.63%	1.57%
Snap-On IncSNA	XLI +0.05 points	0.32%	0.37%
Nordson CorpNDSN	XLI +0.05 points	0.27%	0.32%
Westinghouse Air Brake Technologies CorWAB	TRUI +0.05 points	0.98%	0.93%
General Aerospace CoGE	TRUI +0.05 points	6.54%	6.49%
Axon Enterprise IncAXON	TRUI +0.05 points	0.54%	0.49%
Cintas CorpCTAS	XLI +0.04 points	1.44%	1.48%
L3harris Technologies IncLHX	XLI +0.05 points	0.89%	0.94%
Illinois Tool Works IncITW	TRUI +0.04 points	1.45%	1.41%
Cummins IncCMI	XLI +0.04 points	1.16%	1.20%
Union Pacific CorpUNP	TRUI +0.03 points	3.37%	3.34%
Boeing Co/TheBA	TRUI +0.04 points	2.69%	2.65%
Rtx CorpRTX	TRUI +0.04 points	4.98%	4.94%
Ww Grainger IncGWW	TRUI +0.03 points	1.24%	1.21%
Jb Hunt Transport Services IncJBHT	XLI +0.03 points	0.28%	0.31%
Lockheed Martin CorpLMT	XLI +0.03 points	2.20%	2.23%
Idex CorpIEX	XLI +0.03 points	0.29%	0.32%
Ferguson Enterprises IncFERG	TRUI +0.04 points	0.91%	0.87%
Ametek IncAME	XLI +0.03 points	0.98%	1.01%
Waste Management IncWM	TRUI +0.03 points	1.73%	1.70%
Huntington Ingalls Industries IncHII	TRUI +0.03 points	0.25%	0.22%
Old Dominion Freight Line IncODFL	XLI +0.03 points	0.57%	0.60%
Generac Holdings IncGNRC	TRUI +0.03 points	0.23%	0.20%
Vertiv Holdings CoVRT	XLI +0.02 points	1.34%	1.36%
Honeywell International IncHON	XLI +0.02 points	1.33%	1.35%
Equifax IncEFX	XLI +0.02 points	0.41%	0.43%
Xylem Inc/NyXYL	XLI +0.02 points	0.42%	0.44%
United Airlines Holdings IncUAL	TRUI +0.02 points	0.73%	0.71%
Republic Services IncRSG	TRUI +0.02 points	0.96%	0.94%
Leidos Holdings IncLDOS	TRUI +0.02 points	0.34%	0.32%
Fedex Freight Holding Co IncFDXF	XLI +0.02 points	0.27%	0.29%
Paychex IncPAYX	XLI +0.01 points	0.71%	0.72%
Trane Technologies PlcTT	TRUI +0.02 points	1.73%	1.71%
Bloom Energy CorpBE	XLI +0.02 points	0.97%	0.99%
Automatic Data Processing IncADP	TRUI +0.02 points	2.35%	2.33%
Jacobs Solutions IncJ	XLI +0.02 points	0.32%	0.34%
Ingersoll Rand IncIR	TRUI +0.02 points	0.57%	0.55%
Honeywell Aerospace IncHONA	XLI +0.02 points	0.92%	0.94%
3m CoMMM	XLI +0.02 points	1.83%	1.85%
Paccar IncPCAR	TRUI +0.01 points	1.05%	1.04%
Allegion PlcALLE	TRUI +0.02 points	0.32%	0.30%
United Parcel Service IncUPS	TRUI +0.01 points	1.58%	1.57%
Fedex CorpFDX	TRUI +0.02 points	1.33%	1.31%
Johnson Controls International PlcJCI	XLI +0.01 points	1.57%	1.58%
Norfolk Southern CorpNSC	XLI +0.01 points	1.38%	1.39%
Ch Robinson Worldwide IncCHRW	XLI +0.01 points	0.27%	0.28%
Verisk Analytics IncVRSK	TRUI +0.01 points	0.53%	0.52%
Expeditors International Of WashingtonEXPD	TRUI +0.02 points	0.48%	0.46%
Fortive CorpFTV	TRUI +0.01 points	0.39%	0.38%
Broadridge Financial Solutions IncBR	XLI +0.01 points	0.41%	0.42%
Textron IncTXT	TRUI +0.01 points	0.29%	0.28%
Stanley Black & Decker IncSWK	TRUI +0.01 points	0.35%	0.34%
Fastenal CoFAST	TRUI +0.01 points	1.19%	1.18%
Delta Air Lines IncDAL	TRUI +0.01 points	1.01%	1.00%
Ge Vernova LlcGEV	TRUI +0.01 points	4.00%	3.99%
Rollins IncROL	XLI +0.01 points	0.21%	0.22%
Howmet Aerospace IncHWM	Same weight	1.59%	1.59%
Csx CorpCSX	XLI +0.01 points	1.75%	1.76%
Emerson Electric CoEMR	Same weight	1.75%	1.75%
Uber Technologies IncUBER	TRUI +0.01 points	2.72%	2.71%
Dupont De Nemours IncDD	Same weight	0.38%	0.38%
Pentair PlcPNR	Same weight	0.21%	0.21%
Dover CorpDOV	Same weight	0.53%	0.53%
Emcor Group IncEME	Same weight	0.52%	0.52%
Masco CorpMAS	TRUI +0.01 points	0.32%	0.31%
Otis Worldwide CorpOTIS	Same weight	0.58%	0.58%
Veralto CorpVLTO	Same weight	0.55%	0.55%
A O Smith CorpAOS	Same weight	0.14%	0.14%
Carrier Global CorpCARR	XLI +0.01 points	0.83%	0.84%
Copart IncCPRT	Same weight	0.52%	0.52%
Northrop Grumman CorpNOC	Same weight	1.36%	1.36%
Rockwell Automation IncROK	Same weight	0.81%	0.81%
Southwest Airlines CoLUV	Same weight	0.42%	0.42%

All TRUI 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.

TRUI vs XLI Cost

Overpaying TRUI vs XLI

$417

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

TRUI 0.10%
$2,106
XLI 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

TRUI 0.10%
XLI 0.08%
Overpaying

Year by year

Year	TRUI	XLI	Overpaying
10	$183	$147	$36
20	$717	$575	$142
30	$2,106	$1,689	$417

Expense ratio

0.10%TRUI
0.08%XLI, cheaper

XLI0.08%TRUI0.10%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

XLI cheapest of 10 funds

TRUI 4th cheapest of 10 funds

TRUI vs XLI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): TRUI No data; XLI 1.12%
Payout (12M): TRUI No data; XLI $1.88
Last payment: TRUI $0.08; XLI $0.45
Ex-dividend: TRUI Oct 1, 2026; XLI Sep 21, 2026
Paid on: TRUI Oct 6, 2026; XLI Sep 23, 2026
Frequency: TRUI Irregular; XLI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TRUIIrregular · 1 paymentAll TRUI payments⁠

XLIQuarterly · 39 paymentsAll XLI payments⁠

TRUI vs XLI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TRUI No dataXLI 15.9%
Return per unit of riskSharpe ratio, 3 years: TRUI No dataXLI 1.01
Worst fallMax drawdown, 5 years: TRUI No dataXLI −21.7%
Market sensitivityBeta, 5 years: TRUI 0.35XLI 1.00; Market = 1

TRUI and XLI in the news

All news⁠

Closing Bell
Stocks post best day since April as Nvidia falls on CEO probe; SOXX tops SMH
18 hours agoXLI
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

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