State Street Financial Select Sector SPDR ETF (XLF)
| Assets | $59.15B |
| Expense Ratio | 0.08% |
| PE Ratio | 17.85 |
| Shares Out | 1.02B |
| Dividend (ttm) | $0.81 |
| Dividend Yield | 1.40% |
| Ex-Dividend Date | Jun 22, 2026 |
| Payout Frequency | Quarterly |
| Payout Ratio | 25.02% |
| Volume | 20,816,712 |
| Open | 57.61 |
| Previous Close | 57.81 |
| Day's Range | 57.34 - 57.79 |
| 52-Week Low | 47.67 |
| 52-Week High | 58.41 |
| Beta | 0.86 |
| Holdings | 80 |
| Inception Date | Dec 16, 1998 |
About XLF
Fund Home PageThe State Street Financial Select Sector SPDR ETF (XLF) is an exchange-traded fund that is based on the S&P Financial Select Sector index. The fund tracks an index of S&P 500 financial stocks, weighted by market cap. XLF was launched on Dec 16, 1998 and is issued by State Street.
Top 10 Holdings
56.89% of assets| Name | Symbol | Weight |
|---|---|---|
| Berkshire Hathaway Inc. | BRK.B | 11.78% |
| JPMorgan Chase & Co. | JPM | 11.69% |
| Visa Inc. | V | 7.53% |
| Mastercard Incorporated | MA | 5.69% |
| Bank of America Corporation | BAC | 5.04% |
| The Goldman Sachs Group, Inc. | GS | 3.73% |
| Wells Fargo & Company | WFC | 3.26% |
| Morgan Stanley | MS | 3.14% |
| Citigroup Inc. | C | 2.80% |
| American Express Company | AXP | 2.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 22, 2026 | $0.18708 | Jun 24, 2026 |
| Mar 23, 2026 | $0.25149 | Mar 25, 2026 |
| Dec 22, 2025 | $0.19077 | Dec 24, 2025 |
| Sep 22, 2025 | $0.17799 | Sep 24, 2025 |
| Jun 23, 2025 | $0.17211 | Jun 25, 2025 |
| Mar 24, 2025 | $0.17878 | Mar 26, 2025 |
Performance
XLF had a total return of 12.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.14%.
News
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As bank earnings approach, a market anomaly emerges
The Financial Select Sector Index trades at roughly 15.5 times forward earnings — about a turn and a quarter cheaper than where it stood in 2024.
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JPMorgan, Bank of America passed the tests with flying colors after the Federal Reserve last year began releasing details of the tests in advance
Big Banks Can Weather Severe Recession, Fed Says, in Unusual Year for Stress Tests
The Federal Reserve said the nation's largest banks could absorb $708 billion in losses and keep lending, though this year's stress-test results won't affect capital requirements.
US banks look for new bill of health from Fed stress tests
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Wall Street's Deregulatory Campaign: Who Pays When Banks Lose?
Wrapped in the technical language of Basel III capital reform, the Bank Policy Institute, American Bankers Association, Financial Services Forum, U.S. Chamber of Commerce, and Consumer Bankers Associa...
Banking Groups Push to Reduce Basel Proposal Capital Charges
Five trade groups said Thursday (June 18) that the federal banking agencies' Basel capital proposal released in March should be altered to eliminate areas of overcapitalization and better align capita...
Financials Rose, Tech Fell Before Kevin Warsh Fed Debut
Investors moved money into banking and finance stocks and away from technology on Tuesday, as markets turned their attention to the first Federal Reserve policy meeting under Chairman Kevin Warsh. Key...
US banks to make final push on capital rule changes as Fed wraps up consultation
Large U.S. banks on Thursday will formally pitch the central bank on tweaks to a Federal Reserve proposal aimed at reducing the funds they must set aside to absorb potential losses, as the central ba...
Japan bank lobby warns of potential service disruptions due to AI-enabled cyberattacks
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Deregulating In A Financial Boom: Why Governor Barr Is Right
In a speech delivered on June 6, 2026, at American University, Federal Reserve Governor Michael S. Barr issued one of the most urgent warnings in recent memory about the trajectory of U.S. bank regula...
Tokenized Deposits Set Up Banking's Next Network Race
As volatility again rattles large swathes of the cryptocurrency market, the largest financial institutions in the United States are moving ahead with plans for a shared tokenized deposit network. The ...
Bank Regulators Hope to Sell Congress on Deregulation
Bank regulators in the United States are headed to Congress to tout the benefits of deregulation. Their argument is that scaling back banking rules and oversight will spark economic activity without c...
US bank regulators to tout deregulatory agenda to lawmakers
The nation's top bank regulators plan to tell Congress on Thursday that their efforts to trim bank rules and oversight will bolster economic activity and innovation without injecting undue risk into...
Shadow Banking's $1.47 Trillion Takeover Of U.S. Bank Lending
Two must-read reports — the FDIC Bank Quarterly and the Alvarez & Marsal deregulation primer — reveal how eighteen months of regulatory rollback unleashed an extraordinary surge in bank lending to hed...
U.S. banks report profit uptick in first quarter: FDIC
U.S. banks reported a 3.6% increase in their profits in the first quarter of 2026, rising to $80.5 billion as domestic deposits grew again and banks set aside slightly more against potential losse...
Banks Face A Two-Front War: Inflation And Rising Defaults
For much of the past year, investors and bank regulators hoped the U.S. banking system was moving beyond the regional banking turmoil of 2023. Most banks remained profitable, liquidity conditions impr...
House Votes to Cut Red Tape for Smaller Banks
The House of Representatives passed bills Tuesday (May 12) that would tailor the supervisory requirements and reduce the frequency of examination for smaller financial institutions that are well manag...
OCC Recommends Banks Sharpen AI Defense Tactics
The Office of the Comptroller of the Currency highlighted artificial intelligence as both a risk and an opportunity for innovation in its spring 2026 Semiannual Risk Perspective. AI is one of several ...
Beyond Bank Runs: The OCC Warns Of A More Complex Financial Threat
The Office of the Comptroller of the Currency's latest risk assessment offers a striking message for the banking industry: the U.S. financial system may appear stable on the surface, but underneath, r...
The Financial Sector Is Poised to Lead if Market Sentiment Improves. 2 Stocks to Watch.
The Financial Select Sector SPDR Fund (XLF) edged modestly higher last week.
Hedge funds 'aggressively' short financial stocks, says Goldman
Global hedge funds sold shares of bank, insurance, fin-tech and trading companies in the week to March 13, making financials the most sold stock sector this year, said Goldman Sachs in a note to cli...
Bank Stocks Slide After Iran Threatens To Target U.S.-Israeli Financial Institutions
Bank stocks slid slightly in pre-market trading Wednesday morning after Iran threatened to strike banks and economic interests in the Middle East linked to the United States and Israel, following an a...
US banks on high alert for cyberattacks as Iran war escalates
The U.S. financial services industry is on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran, with firms stepping up monitoring for threats that often rise during perio...
The Big 3: XLF, RKLB, MSFT
No matter what the tech sector does to wow Wall Street, Jason Brown (@brownreport) says it's not enough to please investors, noting the selling action off Nvidia's (NVDA) earnings. He turns to opportu...
Financial stocks are off to their worst yearly start in a decade. How to spot value.
A screen of the S&P 500 financial sector highlights companies with high returns on equity that are trading at low P/E valuations.
AI Threat Widens to Financial Sector
Wealth-manager stocks tumbled as weak retail sales weighed on indexes.
Big Bank Earnings Recap: "Great Shape for 2026," Mind Small Warning Flags
The bulk of big bank earnings are largely in investor hands. Macrae Sykes says the "banking sector's in great shape for 2026.
Financials and defense stocks have done very well, says Evans May Wealth's Elizabeth Evans
Elizabeth Evans, Evans May Wealth managing partner, joins 'Closing Bell' to discuss the market playbook for the year ahead, which sectors will outperform and much more.
Jim Cramer shares his take on banking stocks
'Mad Money' host Jim Cramer looks at how Big Bank stocks are trading to start the year.
