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 is a $7.78 billion fund issued by State Street Investment Management that tracks the materials sector. It holds a C grade with a score of 57.2 out of 100, placing it third among 15 similar funds and 271st across all tracked categories. The expense ratio of 0.08% is significantly lower than the category median of 0.52%, while its dividend yield of 1.76% exceeds the median of 1.47%. Top ten holdings comprise 58.4% of assets, with Linde PLC representing the largest single position at 14.1%.

The fund’s price of $48.98 sits at 57.1% of its 52-week range, reflecting a mixed return profile over varying horizons. Short-term performance shows weakness with declines of 1.51% over one day and 5.26% over one month, contrasting with a 0.57% gain over one week. Longer-term results are stronger, with a one-year return of 11.08% matching the category median and a three-year total return of 33.13%. The rating has remained unchanged at grade C for the last 35 tracked days, based on available price history spanning 3.0 years.

With a beta of 0.85, the ETF has exhibited less volatility than the broader market, contributing to its moderate annualized volatility rating of 17.95%. The Sharpe ratio of 0.34 suggests modest risk-adjusted returns relative to the risk taken. A maximum drawdown of -23.17% indicates the extent of peak-to-trough decline during the measured period. High liquidity is evidenced by an average daily volume of 11,240,066 shares, supporting efficient trading activity.

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

XLB Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 58.4% 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 (53.8% 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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLB Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 11.2M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $7.78B 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