XLI vs LQD

Comparison between THE INDUSTRIAL SELECT SECTOR SPDR FUND (XLI, ETF) and ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF (LQD, ETF).

5-Year PerformanceXLI has outperformed LQD, delivering a return of +12.1% compared to +0.1%

XLI vs LQD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XLI(ETF)	LQD(ETF)
Net Assets	$28B	$29B
Expense Ratio	0.08%	0.14%
Max Drawdown	63.34%	30.46%
Sharpe Ratio	1.57	0.52
5Y Beta	0.89	0.14
P/E Ratio	32.67	N/A
Forward P/E	26.30	N/A
PEG Ratio	0.70	N/A
5Y Dividends CAGR	7.99%	9.18%
5Y EPS CAGR	10.48%	N/A
Debt to Equity	65.95%	N/A
P/S Ratio	3.19	N/A
P/B Ratio	7.10	N/A

Net Assets

XLI

$28B

Winner

LQD

$29B

Expense Ratio

Winner

XLI

0.08%

LQD

0.14%

Max Drawdown

XLI

63.34%

Winner

LQD

30.46%

Sharpe Ratio

Winner

XLI

1.57

LQD

0.52

5Y Beta

XLI

0.89

Winner

LQD

0.14

P/E Ratio

XLI

32.67

LQD

N/A

Forward P/E

XLI

26.30

LQD

N/A

PEG Ratio

XLI

0.70

LQD

N/A

5Y Dividends CAGR

XLI

7.99%

Winner

LQD

9.18%

5Y EPS CAGR

XLI

10.48%

LQD

N/A

Debt to Equity

XLI

65.95%

LQD

N/A

P/S Ratio

XLI

3.19

LQD

N/A

P/B Ratio

XLI

7.10

LQD

N/A

XLI vs LQD - Historical Returns

Returns include dividend reinvestment.

Period	XLI	LQD
1 month	+1.62%	+0.13%
3 months	-0.01%	-0.09%
6 months	+13.66%	+0.91%
1 year	+29.05%	+7.11%
5 years(CAGR)	+12.14%	+0.07%
10 years(CAGR)	+14.06%	+2.62%
Max(CAGR)	+9.17%	+4.51%

Winner

XLI

+1.62%

LQD

+0.13%

Winner

XLI

-0.01%

LQD

-0.09%

Winner

XLI

+13.66%

LQD

+0.91%

Winner

XLI

+29.05%

LQD

+7.11%

5Y(CAGR)

Winner

XLI

+12.14%

LQD

+0.07%

10Y(CAGR)

Winner

XLI

+14.06%

LQD

+2.62%

Max(CAGR)

Winner

XLI

+9.17%

LQD

+4.51%

XLI vs LQD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	XLI	LQD
2026	+9.94%	+0.64%
2025	+19.75%	+7.89%
2024	+18.50%	+1.55%
2023	+17.87%	+8.65%
2022	-4.80%	-17.05%
2021	+24.08%	-1.34%
2020	+8.90%	+10.74%
2019	+28.43%	+17.00%
2018	-13.75%	-3.14%
2017	+23.23%	+6.96%
2016	+21.64%	+6.27%
2015	-4.19%	-1.60%
2014	+11.92%	+8.00%
2013	+37.25%	-2.22%
2012	+12.46%	+10.67%
2011	-1.82%	+9.31%
2010	+25.43%	+8.75%
2009	+17.74%	+9.58%
2008	-37.71%	+1.20%
2007	+12.77%	+3.95%
2006	+13.25%	+3.65%
2005	+3.64%	+0.51%
2004	+17.84%	+6.48%
2003	+28.54%	+8.29%
2002	-24.58%	+9.86%
2001	-6.01%	N/A
2000	+9.58%	N/A
1999	+8.76%	N/A

XLI vs LQD Drawdown Comparison

The maximum drawdown for XLI was -62.27%, occurring on Mar 9, 2009. Recovery took 896 trading sessions.

The maximum drawdown for LQD was -24.96%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The current XLI drawdown is -2.92%. The current LQD drawdown is -3.59%.

Rank	XLI	LQD
#1	-62.27% Oct 9, 2007 - Apr 29, 2011	-24.96% Sep 22, 2021 - Oct 20, 2022
#2	-43.29% Dec 11, 2000 - Dec 1, 2004	-21.76% Mar 6, 2020 - Jun 10, 2020
#3	-42.31% Feb 12, 2020 - Nov 9, 2020	-21.54% May 1, 2008 - Jan 9, 2009
#4	-25.84% Apr 29, 2011 - Mar 15, 2012	-10.86% Jan 9, 2009 - Jun 25, 2009
#5	-24.10% Sep 21, 2018 - Jul 24, 2019	-8.70% Jun 13, 2003 - Mar 5, 2004
#6	-21.66% Jan 4, 2022 - Jun 15, 2023	-8.57% May 1, 2013 - May 1, 2014
#7	-18.50% Nov 29, 2024 - May 16, 2025	-7.66% Mar 17, 2004 - Sep 16, 2004
#8	-15.69% Feb 20, 2015 - Apr 27, 2016	-6.64% Dec 31, 2020 - Aug 3, 2021
#9	-14.93% Dec 31, 1999 - Apr 7, 2000	-6.03% Feb 2, 2015 - Apr 1, 2016
#10	-12.57% Aug 1, 2023 - Dec 12, 2023	-5.86% Sep 6, 2016 - Jun 14, 2017
#11	-12.44% May 5, 2006 - Nov 16, 2006	-5.63% Dec 29, 2017 - Mar 12, 2019
#12	-12.22% Mar 2, 2026 - Mar 30, 2026	-5.23% Nov 4, 2010 - May 5, 2011
#13	-12.16% Mar 16, 2012 - Dec 10, 2012	-4.85% Aug 31, 2005 - Sep 19, 2006
#14	-11.41% May 16, 2000 - Aug 11, 2000	-4.66% Nov 4, 2011 - Jan 17, 2012
#15	-11.30% Jan 26, 2018 - Sep 21, 2018	-4.34% Sep 27, 2002 - Nov 7, 2002

Correlation

Correlation between XLI and LQD is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (1999 - 2026)

XLI vs LQD dividend yield comparison.

Year	XLI	LQD
2026	0.26%	1.52%
2025	1.29%	4.48%
2024	1.44%	4.45%
2023	1.63%	3.99%
2022	1.63%	3.30%
2021	1.25%	2.30%
2020	1.55%	2.66%
2019	1.94%	3.29%
2018	2.15%	3.67%
2017	1.77%	3.10%
2016	2.07%	3.34%
2015	2.15%	3.47%
2014	1.85%	3.39%
2013	1.67%	3.83%
2012	2.27%	3.83%
2011	2.16%	4.39%
2010	1.68%	4.87%
2009	2.32%	5.50%
2008	3.10%	5.37%
2007	1.45%	5.45%
2006	2.22%	5.04%
2005	1.56%	4.76%
2004	1.30%	4.66%
2003	1.28%	4.96%
2002	1.60%	2.26%
2001	1.23%	0.00%
2000	1.06%	0.00%
1999	0.66%	0.00%