XLU

XLU reports 36 positions, but the weights make it behave like about 20.1 equally weighted ones. Computed by this site from the fund's SEC Form N-PORT filing — see what this measure does not tell you and the full table.

The same filing says what kind of price those positions carry: 100% of XLU is held at a quoted market price, from a single issuer country . Comparisons across every fund are in the valuation table, and what a low share does and does not mean is worth reading before drawing a conclusion from it.

Between 2019-09-30 and 2026-06-30, XLU went from behaving like 18.5 equally weighted positions to 20.1 — 9% more, while its top ten went from 61.37% to 57.53% of net assets. Read across the funds on the concentration-over-time table.

One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.

• 016 Expense ratio
• 016 Maximum drawdown
• 015 Duration
• 013 Factor exposure
• 009 Standard deviation
• 009 Total return
• 009 Beta
• 006 Sharpe ratio

• Top ETFs for AI Infrastructure in 2026 (Utilities, Energy, Grid)

  AI capex is increasingly an electricity story. Data-center load growth has revived a previously sleepy regulated-utility sector and pulled grid-equipment...

  10 Apr 2026 12 min ETF Analysis

• Reading 2026 Capital Flows: The Macro Arithmetic Behind the "Smart Money" Narrative

  "Smart money" is mostly a narrative device. The honest version of the question is which 2026 capital flows are large and persistent enough to look...

  05 Apr 2026 9 min Macro & Markets

• Infrastructure in a 30-Year Core: What the Data on XLU and PAVE Actually Shows

  "Infrastructure" is two different factor exposures wearing one label: XLU is regulated-utility income, PAVE is industrial build-out cyclicality. Treating...

  22 Mar 2026 8 min Long-Term Strategy

• Common Mistakes in Infrastructure Investing and How to Avoid Them

  "Infrastructure" is not one asset class. XLU (regulated utilities), PAVE (industrial buildout), and GRID (smart-grid equipment) have different factor...

  21 Mar 2026 10 min Long-Term Strategy

• Rebalancing After an AI Concentration Run: Where the Trimmed Capital Actually Belongs

  Daryanani-style threshold bands (±15% of target) reduce rebalance frequency and tax drag versus naive calendar rebalancing — but only if the chosen...

  21 Mar 2026 8 min Long-Term Strategy

• The Impact of 2026 Energy Policies on Your Long-Term Portfolio

  Five thematic ways to express a 2026 energy-policy view — PAVE, GRID, NLR, XLU, VXUS — have produced very different 5-year returns, but the risk-adjusted...

  20 Mar 2026 11 min Macro & Markets

• Data Center REITs vs. Infrastructure ETFs: Which One for Consistent Cash Flow?

  The "REITs for income, ETFs for growth" framing collapses on contact with five-year data: SRVR yields 2.6% but delivered just 0.3% annualized total return...

  20 Mar 2026 9 min ETF Analysis

• PSCU vs XLU and VPU: What Five Years of Data Say About Small-Cap Utility Exposure

  Over the trailing five years, PSCU (small-cap utilities & communication services) returned roughly 1.5% CAGR versus 9.2% for XLU and 9.0% for VPU — a gap of...

  19 Mar 2026 9 min ETF Analysis

• VXUS vs. a US-Only Core: What International Diversification Actually Adds

  Over the trailing five years VXUS underperformed VOO by roughly 540 basis points per year — and the case for holding it does not rest on that window. VXUS's...

  18 Mar 2026 11 min Long-Term Strategy

• Grid Modernization and the GRID ETF: A Calibrated Look at Smart-Grid Equipment vs. Utilities

  GRID and XLU are often grouped as "electricity plays," but they own structurally different businesses: GRID holds the equipment makers (transformers,...

  17 Mar 2026 11 min ETF Analysis

• Utilities in a Rate-Cut Cycle: What the AI Power Demand Story Does — and Doesn't — Justify

  The "AI data center demand plus rate cuts equals utility re-rating" thesis is plausible — and largely consensus. Five-year realized data show utility ETFs...

  17 Mar 2026 10 min Macro & Markets

• The 90/10 Allocation Framework: Pairing Broad Equity, AI Infrastructure, and a Cash Sleeve

  The 90/10 template — 90% diversified equity, 10% short-duration Treasury cash — is best understood as a 100% equity policy with a rebalancing buffer, not a...

  16 Mar 2026 10 min Long-Term Strategy

• Infrastructure ETFs in 2026: What XLU, VPU, IFRA, PAVE, and GRID Actually Own

  The "infrastructure" label hides three different factor bets: regulated utilities (XLU, VPU), broad cyclical infrastructure (IFRA), and concentrated...

  16 Mar 2026 10 min ETF Analysis

• VPU vs XLU: A Fee, Liquidity, and Concentration Comparison for Long-Horizon Utility Exposure

  VPU (0.09%) and XLU (0.08%) are functionally near-identical at the top of the basket — the holdings overlap is far more important than the 1 bp fee gap....

  15 Mar 2026 9 min ETF Analysis

• VOO, XLU, IFRA: What 5-Year Data Says About Three Approaches to the AI Power Build-Out

  Over five years, VOO (13.9% CAGR) beat both XLU (9.2%) and IFRA (12.8%) on raw return — the AI tailwind didn't show up in the "picks-and-shovels" trade the...

  14 Mar 2026 8 min ETF Analysis

• Sizing an AI-Infrastructure Sleeve: VOO, QQQM, XLU, IFRA, and SGOV Through a Long-Horizon Lens

  The "AI infrastructure" label sits across three different ETF wrappers — utilities (XLU), industrial buildout (IFRA), and the consuming software layer...

  14 Mar 2026 9 min Investment Framework