XLF vs FNCL: Which Financial Services ETF Wins Out for Investors?

Key Points Both ETFs carry an identical 0.08% expense ratio, but XLF offers a substantially higher assets under management (AUM). FNCL offers broader diversification, with around 400 holdings, compared to just 76 positions for XLF. Total returns and risk profiles are nearly identical, with both funds delivering approximately $1,650 on a $1,000 investment over five years. 10 stocks we like better than Select Sector SPDR Trust - State Street Financial Select Sector SPDR ETF › The State Street Financial Select Sector SPDR ETF (NYSEMKT:XLF) provides concentrated exposure to large-cap financial giants, while the Fidelity MSCI Financials Index ETF (NYSEMKT:FNCL) includes a wider array of mid- and small-cap companies.