SPY vs XLI

SPDR S&P 500 ETF against State Street Industrial Select Sector SPDR ETF — live side-by-side technical comparison.

Prices as of 2026-11-09T21:00:00+00:00 UTC · updates daily

Who leads right now

SPY leads 5 of the 7 windows we measure — over 1 month SPY is -3.3% and XLI -0.2%; over year to date SPY is +10.4% and XLI +8.9%. The SPY/XLI price ratio stands at 4.4567, below its 50-day average of 4.5213, and above the 200-day average of 4.2169. A ratio above its own average means SPY is gaining on XLI; on this reading the recent edge belongs to XLI.

SPY/XLI over the last year

SPY/XLI price ratio · dashed: its 50- and 200-day lines · ratio above its 50-day line = SPY gaining on XLI
3.8054.0914.3774.662
Both rebased to 100 on 2025-11-07
100103112.9121.6SPYXLI
Ask
Compare SPY and XLI: which has been stronger over the last year, and where does each stand against its 200-day average? Ask the analyst about this pair →

Performance side by side

SPYXLI
Price$752.69 $168.89
1 day +2.4% +3.8%lead
5 days +0.1%lead -0.5%
1 month -3.3% -0.2%lead
6 months +2.0%lead -2.5%
Year to date +10.4%lead +8.9%
1 year +12.2%lead +10.1%
2 years +25.8%lead +18.9%
52-week position 81% of range 53% of range
52-week range $629.28–$781.62 $147.14–$188.19
vs 50-day average below $765.35 below $169.30
vs 200-day average above $730.70 below $173.37
RSI (14) 46 51
Next earnings — —

Where each one stands

SPY — SPDR S&P 500 ETF

SPY trades at $752.69, below its 50-day average of $765.35, and above the 200-day at $730.70. It sits at 81% of its 52-week range ($629.28–$781.62); 14-day RSI is 46, in neutral territory; an average session moves it about 1.6%. For levels, the first level overhead is $756.51 (0.5% away) and the first support below is $750.00 (0.4% down). On the checklist the page runs for every asset, 3 of 6 checks read bullish — the lean is bullish.

XLI — State Street Industrial Select Sector SPDR ETF

XLI trades at $168.89, below its 50-day average of $169.30, and below the 200-day at $173.37. It sits at 53% of its 52-week range ($147.14–$188.19); 14-day RSI is 51, in neutral territory; an average session moves it about 2.1%. For levels, the first level overhead is $169.30 (0.2% away) and the first support below is $168.17 (0.4% down). On the checklist the page runs for every asset, 0 of 6 checks read bullish — the lean is bearish.

Which one moves harder

XLI is the more volatile of the two — an average session moves it 2.1% against 1.6% for SPY, so an identical position size carries roughly 1.3× the daily risk.

What would change the picture

The comparison turns on those levels: SPY clearing $756.51 or losing $750.00; XLI clearing $169.30 or losing $168.17. Until one of them gives way, the relative reading above stands.

Questions people ask about SPY vs XLI

Which is performing better right now, SPY or XLI?
Over the past month SPY is -3.3% and XLI is -0.2%, so XLI is ahead on that window. Year to date the figures are +10.4% for SPY and +8.9% for XLI.
Which has done better over the last year, SPY or XLI?
Over the last year SPY is +12.2% and XLI is +10.1%, so SPY is ahead on that window. Over two years it is +25.8% against +18.9%.
Is SPY or XLI more volatile?
XLI is the more volatile of the two — an average session moves it 2.1% against 1.6% for SPY, so an identical position size carries roughly 1.3× the daily risk.
What are the key levels for SPY and XLI?
SPY: resistance $756.51, support $750.00; XLI: resistance $169.30, support $168.17. Levels come from recent swing zones and round numbers, recomputed daily.
What does the SPY/XLI ratio mean?
It is simply SPY's price divided by XLI's — 4.4567 today. When the ratio rises, SPY is outperforming; when it falls, XLI is. Comparing it to its own 50- and 200-day averages shows whether the current leadership is new or long-standing.

Full technical briefs

SPY →
SPDR S&P 500 ETF
Full technical brief: trend, levels, chart, news
XLI →
State Street Industrial Select Sector SPDR ETF
Full technical brief: trend, levels, chart, news

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