XLI vs GDX
Comparison between THE INDUSTRIAL SELECT SECTOR SPDR FUND (XLI, ETF) and VANECK GOLD MINERS ETF (GDX, ETF).
XLI is from the Industrials sector, while GDX is from the Basic Materials sector.
5-Year PerformanceGDX has outperformed XLI, delivering a return of +22.0% compared to +12.1%
XLI vs GDX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
XLI
$28B
GDX
$28B
Expense Ratio
Winner
XLI
0.08%
GDX
0.51%
Max Drawdown
Winner
XLI
63.34%
GDX
81.28%
Sharpe Ratio
XLI
1.57
Winner
GDX
1.59
5Y Beta
XLI
0.89
Winner
GDX
0.69
P/E Ratio
XLI
32.67
Winner
GDX
18.95
Forward P/E
XLI
26.30
Winner
GDX
12.09
PEG Ratio
XLI
0.70
GDX
N/A
5Y Dividends CAGR
XLI
7.99%
Winner
GDX
21.83%
5Y EPS CAGR
XLI
10.48%
Winner
GDX
50.56%
Debt to Equity
XLI
65.95%
Winner
GDX
15.12%
P/S Ratio
Winner
XLI
3.19
GDX
5.75
P/B Ratio
XLI
7.10
Winner
GDX
3.53
XLI vs GDX - Holdings Comparison
XLI and GDX have 1 common holdings. Overlap is 0.00%
XLI's top 25 holdings weight is 66.13%. GDX's top 25 holdings weight is 85.50%.
| Rank | XLI | GDX |
|---|---|---|
| #1 | CATERPILLAR INC (CAT) - 7.14% | NEWMONT CORP (NEM) - 13.08% |
| #2 | GE AEROSPACE (GE) - 5.69% | AGNICO EAGLE MINES LTD (AEM) - 11.46% |
| #3 | GE VERNOVA INC (GEV) - 5.50% | BARRICK MINING CORP (B) - 7.37% |
| #4 | RTX CORP (RTX) - 4.42% | WHEATON PRECIOUS METALS CORP (WPM) - 7.10% |
| #5 | BOEING CO (BA) - 3.40% | FRANCO-NEVADA CORP (FNV) - 5.74% |
| #6 | EATON CORP PLC (ETN) - 3.01% | GOLD FIELDS LTD ADR (GFI) - 5.11% |
| #7 | UNION PACIFIC CORP (UNP) - 2.98% | ANGLOGOLD ASHANTI PLC (AU) - 4.59% |
| #8 | UBER TECHNOLOGIES INC (UBER) - 2.86% | KINROSS GOLD CORP (KGC) - 4.15% |
| #9 | DEERE & CO (DE) - 2.67% | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 3.37% |
| #10 | HONEYWELL INTERNATIONAL INC (HON) - 2.54% | NORTHERN STAR RESOURCES LTD (n/a) - 2.95% |
| #11 | PARKER HANNIFIN CORP (PH) - 2.28% | PAN AMERICAN SILVER CORP (PAAS) - 2.28% |
| #12 | VERTIV HOLDINGS CO CLASS A (VRT) - 2.19% | ALAMOS GOLD INC CLASS A (AGI) - 1.98% |
| #13 | TRANE TECHNOLOGIES PLC CLASS A (TT) - 2.00% | ROYAL GOLD INC (RGLD) - 1.87% |
| #14 | LOCKHEED MARTIN CORP (LMT) - 1.95% | EVOLUTION MINING LTD (n/a) - 1.85% |
| #15 | HOWMET AEROSPACE INC (HWM) - 1.81% | ZHAOJIN MINING INDUSTRY CO LTD CLASS H (n/a) - 1.61% |
| #16 | QUANTA SERVICES INC (PWR) - 1.76% | COEUR MINING INC (CDE) - 1.55% |
| #17 | CUMMINS INC (CMI) - 1.66% | ENDEAVOUR MINING PLC (n/a) - 1.41% |
| #18 | n/a (JCI) - 1.63% | HARMONY GOLD MINING CO LTD ADR (HMY) - 1.41% |
| #19 | WASTE MANAGEMENT INC (WM) - 1.58% | n/a (EQX) - 1.19% |
| #20 | CSX CORP (CSX) - 1.58% | HECLA MINING CO (HL) - 1.07% |
| #21 | FEDEX CORP (FDX) - 1.58% | OR ROYALTIES INC (OR) - 0.98% |
| #22 | AUTOMATIC DATA PROCESSING INC (ADP) - 1.50% | IAMGOLD CORP (IAG) - 0.94% |
| #23 | GENERAL DYNAMICS CORP (GD) - 1.49% | B2GOLD CORP (BTG) - 0.85% |
| #24 | EMERSON ELECTRIC CO (EMR) - 1.46% | ELDORADO GOLD CORP (EGO) - 0.83% |
| #25 | NORTHROP GRUMMAN CORP (NOC) - 1.45% | NEW GOLD INC (NGD) - 0.76% |
| Total Holdings | 82 | 65 |
XLI vs GDX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
XLI
+1.62%
GDX
-3.66%
3M
Winner
XLI
-0.01%
GDX
-8.07%
6M
XLI
+13.66%
Winner
GDX
+31.29%
1Y
XLI
+29.05%
Winner
GDX
+94.87%
5Y(CAGR)
XLI
+12.14%
Winner
GDX
+22.05%
10Y(CAGR)
XLI
+14.06%
Winner
GDX
+16.06%
Max(CAGR)
Winner
XLI
+9.17%
GDX
+5.79%
XLI vs GDX - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | XLI | GDX |
|---|---|---|
| 2026 | +9.94% | +10.33% |
| 2025 | +19.75% | +144.40% |
| 2024 | +18.50% | +12.26% |
| 2023 | +17.87% | +6.25% |
| 2022 | -4.80% | -6.71% |
| 2021 | +24.08% | -15.37% |
| 2020 | +8.90% | +23.37% |
| 2019 | +28.43% | +40.08% |
| 2018 | -13.75% | -11.01% |
| 2017 | +23.23% | +7.65% |
| 2016 | +21.64% | +48.90% |
| 2015 | -4.19% | -26.95% |
| 2014 | +11.92% | -15.99% |
| 2013 | +37.25% | -54.72% |
| 2012 | +12.46% | -12.89% |
| 2011 | -1.82% | -14.17% |
| 2010 | +25.43% | +29.70% |
| 2009 | +17.74% | +39.01% |
| 2008 | -37.71% | -31.19% |
| 2007 | +12.77% | +23.26% |
| 2006 | +13.25% | +7.43% |
| 2005 | +3.64% | N/A |
| 2004 | +17.84% | N/A |
| 2003 | +28.54% | N/A |
| 2002 | -24.58% | N/A |
| 2001 | -6.01% | N/A |
| 2000 | +9.58% | N/A |
| 1999 | +8.76% | N/A |
XLI vs GDX Drawdown Comparison
The maximum drawdown for XLI was -62.27%, occurring on Mar 9, 2009. Recovery took 896 trading sessions.
The maximum drawdown for GDX was -80.35%, occurring on Jan 19, 2016. Recovery took 3499 trading sessions.
The current XLI drawdown is -2.92%. The current GDX drawdown is -18.34%.
| Rank | XLI | GDX |
|---|---|---|
| #1 | -62.27% Oct 9, 2007 - Apr 29, 2011 | -80.35% Sep 8, 2011 - Aug 8, 2025 |
| #2 | -43.29% Dec 11, 2000 - Dec 1, 2004 | -70.79% Mar 14, 2008 - Sep 22, 2010 |
| #3 | -42.31% Feb 12, 2020 - Nov 9, 2020 | -30.84% Feb 27, 2026 - Mar 20, 2026 |
| #4 | -25.84% Apr 29, 2011 - Mar 15, 2012 | -20.52% Sep 5, 2006 - Feb 26, 2007 |
| #5 | -24.10% Sep 21, 2018 - Jul 24, 2019 | -19.96% Jul 19, 2007 - Sep 18, 2007 |
| #6 | -21.66% Jan 4, 2022 - Jun 15, 2023 | -19.14% Oct 16, 2025 - Dec 11, 2025 |
| #7 | -18.50% Nov 29, 2024 - May 16, 2025 | -19.03% Apr 8, 2011 - Sep 2, 2011 |
| #8 | -15.69% Feb 20, 2015 - Apr 27, 2016 | -18.56% Nov 6, 2007 - Jan 3, 2008 |
| #9 | -14.93% Dec 31, 1999 - Apr 7, 2000 | -17.71% Jun 2, 2006 - Jul 3, 2006 |
| #10 | -12.57% Aug 1, 2023 - Dec 12, 2023 | -17.58% Jan 28, 2026 - Feb 26, 2026 |
| #11 | -12.44% May 5, 2006 - Nov 16, 2006 | -16.18% Dec 6, 2010 - Apr 8, 2011 |
| #12 | -12.22% Mar 2, 2026 - Mar 30, 2026 | -13.48% Apr 16, 2007 - Jul 19, 2007 |
| #13 | -12.16% Mar 16, 2012 - Dec 10, 2012 | -12.82% Feb 26, 2007 - Apr 16, 2007 |
| #14 | -11.41% May 16, 2000 - Aug 11, 2000 | -12.32% Jan 14, 2008 - Feb 28, 2008 |
| #15 | -11.30% Jan 26, 2018 - Sep 21, 2018 | -10.99% Jul 3, 2006 - Aug 2, 2006 |
Correlation
Correlation between XLI and GDX is 0.36 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.36
-101
Dividend Comparison (1999 - 2026)
XLI vs GDX dividend yield comparison.
| Year | XLI | GDX |
|---|---|---|
| 2026 | 0.26% | 0.00% |
| 2025 | 1.29% | 0.74% |
| 2024 | 1.44% | 1.19% |
| 2023 | 1.63% | 1.61% |
| 2022 | 1.63% | 1.66% |
| 2021 | 1.25% | 1.67% |
| 2020 | 1.55% | 0.53% |
| 2019 | 1.94% | 0.67% |
| 2018 | 2.15% | 0.50% |
| 2017 | 1.77% | 0.76% |
| 2016 | 2.07% | 0.26% |
| 2015 | 2.15% | 0.85% |
| 2014 | 1.85% | 0.66% |
| 2013 | 1.67% | 0.90% |
| 2012 | 2.27% | 1.00% |
| 2011 | 2.16% | 1.46% |
| 2010 | 1.68% | 0.65% |
| 2009 | 2.32% | 0.24% |
| 2008 | 3.10% | 0.00% |
| 2007 | 1.45% | 3.25% |
| 2006 | 2.22% | 0.29% |
| 2005 | 1.56% | 0.00% |
| 2004 | 1.30% | 0.00% |
| 2003 | 1.28% | 0.00% |
| 2002 | 1.60% | 0.00% |
| 2001 | 1.23% | 0.00% |
| 2000 | 1.06% | 0.00% |
| 1999 | 0.66% | 0.00% |
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