XLB — State Street Materials Select Sector SPDR ETF

XLB Price Performance — Growth of $10,000

Value of a $10,000 investment in XLB over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLB Drawdown

The "underwater" chart: XLB's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street Materials Select Sector SPDR ETF (XLB) is a Materials sector fund managed by State Street Investment Management with $8.17 billion in assets under management. It holds an overall rank of #330 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.8 out of 100. The fund trades at a price of $52.34 and carries an expense ratio of 0.08%, while offering a dividend yield of 2.70%. Within its specific category, the ETF is one of 15 funds tracked by ETFValuer. The substantial asset size and moderate dividend yield suggest significant investor adoption relative to the sector's total landscape. Its ranking places it in the middle tier of the broader ETF universe despite its large capital base. The combination of a low expense ratio and high yield positions the fund as a cost-effective income vehicle within the Materials sector.

Over the last day, the ETF gained 1.85%, followed by a stronger weekly return of 4.47%. Monthly performance showed a deceleration to 1.43%, while the three-month return remained flat at 1.46%. The six-month horizon saw an acceleration to a 5.48% gain, which expanded significantly to a year-to-date return of 14.42%. The one-year return reached 15.39%, and the three-year cumulative return stands at 31.58%. This pattern indicates a divergence where short-term momentum slowed after the initial weekly surge before resuming growth over the longer six-month and annual periods. The data reflects a trajectory where recent short-term gains have contributed to a robust multi-year performance record.

The fund carries a Moderate volatility label and a beta of 0.82, indicating that its price movements are generally less sensitive to market fluctuations than the broader benchmark. A Sharpe ratio of 0.59 suggests the fund has generated moderate risk-adjusted returns relative to the volatility experienced. The maximum drawdown of -23.17% highlights the potential for significant temporary losses during market downturns. This combination of a beta below 1.0 and a moderate drawdown implies the fund tends to decline less than the market during corrections but still experiences notable downside pressure. The Sharpe ratio reflects that the returns generated have not fully compensated for the magnitude of the volatility and drawdowns encountered. Investors should expect behavior that is somewhat defensive in rising markets but subject to substantial declines during severe market stress.

AI-generated summary based on the data on this page.

XLB Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 58.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLB's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLB

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLB's top 10 — VAW overlaps most, holding 9 of the same companies as XLB's top 10 (54.5% of XLB's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 11.4M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $8.17B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLB is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLB Performance History

How XLB Compares to Other Materials ETFs