State Street Financial ETF | XLF

Medium RiskEquity
State Street Financial ETF
Issued by:State Street
Exchange : AMEX
Unit Price (NAV) :
Minimum investment: 3 units
State Street Financial ETF | XLF

State Street Financial ETF | XLF


The State Street Financial ETF (XLF) has investments in financial services firms whose business range from investment management to commercial & business banking and is managed by State Street Global Advisors that has a total AUM of $2.73T.

XLF is an exchange-traded fund incorporated in the USA in Dec 1998. It has invested in companies in the diversified financial services, insurance, banks, capital markets, mortgage real estate investment trusts ("REITs"), consumer finance, and thrifts and mortgage finance industries.

About the Fund Manager:
State Street was incorporated in 1792, has four decades of experience meeting complex client needs and is the third largest asset manager in the world managing $2.73T. It is the 2nd United States bank on the list of oldest banks in continuous operation. State Street is ranked 14th on the list of largest banks in the United States by assets.

Investment Strategy:
The ETF tracks the performance of the Financial Sector Index that holds large-cap U.S. banking and financial stocks.

XLF has invested 100% of its assets in the financial sector.

XLF has invested 98% of its assets in the U.S. and only 2% in the U.K.

Recommended for:

XLF offers exposure to the heavyweights in the US financials segment. Its market cap-weighted, S&P 500-only portfolio means that it's concentrated in large banks and avoids small and mid-cap firms.

According to, "Investors should note that XLF pays out a decent dividend, which may provide steady income in times of market downturns."

Additional Information:
1. Fund Factsheet
2. Should You Buy the Financial Select Sector SPDR Fund (XLF)? 3 Pros, 3 Cons
3. Time To Target Financials Again? (XLF)

How did we identify this ETF:
A complete pool of 2100+ ETFs is screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the in-house research/quant analysts team. XLF is large and massively liquid, far outpacing its competitors in trading volume. A low fee and tight tracking round out the package of very low all-in costs thus helping in the selection. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.


PerformanceYTD actual1Y p.a3Y p.a5Y p.a10Y p.a
State Street Financial ETF31.31%67.38%12.83%16.84%17.18%

Asset Class

Asset type breakdown
Stock US97.37%
Stock non-US2.56%

XLF Holdings - Top 10

NameiWeightage (%)
Berkshire Hathaway Inc12.22%
JPMorgan Chase & Co11.42%
Bank of America Corporation7.32%
Wells Fargo & Company4.65%
Morgan Stanley3.58%
Citigroup Inc3.41%
The Goldman Sachs Group Inc3.13%
BlackRock Inc2.97%
American Express Company2.64%
The Charles Schwab Corporation2.64%

XLF Sectors/Industry Breakdown

Sectori% of market value
Financial Services100%

XLF Countries

Countryi% of market value
North America97.44%
Europe Developed1.85%
United Kingdom0.71%

Returns Calculator

Investment ofper month
gives returns of :
at 14.64% / annum
$in 10 years
for a time period of
Returnsbased on historic SIP returns of 14.64% per annum
$+ 14.64

XLF Summary Data

Total Net Assets $i
Average Mkt Cap Mil $i
Symbol XLF
Exchange ARCX
ISIN US81369Y6059
Cat. Benchmark MSCI ACWI NR USD
Asset class Equity
Category Financial
Country US

XLF Key Metrics

Net Expense Ratio 0.12i
Beta 1.25i
Valuations Rates Portfolio PE 13.69056i
3 Year Standard Deviation 24.67i

Fund Strategy

Financial Select Sector SPDR Fund seeks investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Financial Select Sector Index. The Index includes financial services firms whose business' range from investment management to commercial & business banking.

XLF Fact Sheets & Reports

About State Street

State Street Corporation is an American financial services corporation founded in 1792. State Street has been providing ETFs since 1993. Today State Street provides ETFs across major markets covering different asset classes. State Street prides itself in creating client oriented products.

State Street Financial ETF | XLF