XLB holdings and overlap
Materials Select Sector SPDR Fund (XLB) holds 25 positions in its SPDR file of 2026-10-15. Its three largest are Linde (LIN) at 12.87%, Newmont (NEM) at 6.91% and Freeport-McMoRan (FCX) at 5.69%, and its ten largest make up 59.3% of the fund.
In its SPDR file of 2026-10-15, XLB is 99.8% materials by sector, with none of it in mega-cap tech or in the ten largest US companies by market value.
What does XLB hold, as of its issuer file of 2026-10-15?
Linde is 12.87% of XLB on its own, against a median largest position of 7.7% across the 11 Materials funds with a page here. No fund in that group costs less than XLB, at 0.08% a year.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | LIN Linde | 12.87% | |
| 2 | NEM Newmont | 6.91% | |
| 3 | FCX Freeport-McMoRan | 5.69% | |
| 4 | ECL Ecolab | 5.09% | |
| 5 | SHW Sherwin-Williams | 5.01% | |
| 6 | VMC Vulcan Materials | 4.82% | |
| 7 | APD Air Products | 4.79% | |
| 8 | STLD Steel Dynamics | 4.77% | |
| 9 | NUE Nucor | 4.71% | |
| 10 | MLM Martin Marietta Materials | 4.62% | |
| 11 | CRH CRH | 4.39% | |
| 12 | PPG PPG Industries | 3.75% | |
| 13 | IFF International Flavors & Fragrances | 3.6% | |
| 14 | SW Smurfit Westrock | 3.38% | |
| 15 | DOW Dow | 3.35% | |
| 16 | PKG Packaging Corporation of America | 3.22% | |
| 17 | AMCR Amcor | 3.16% | |
| 18 | CF CF Industries | 2.84% | |
| 19 | IP International Paper | 2.82% | |
| 20 | BALL Ball | 2.6% | |
| 21 | LYB LyondellBasell | 2.53% | |
| 22 | AVY Avery Dennison | 2.09% | |
| 23 | ALB Albemarle | 1.81% | |
| 24 | MOS Mosaic | 0.94% | |
| 25 | IXDZ6 Xab Materials Dec26 | -0.0% |
The most recent file State Street SPDR has published for XLB is dated 2026-10-15, 1 day before these prices, which is the median for the State Street SPDR ETFs covered here. Every one of the 25 positions XLB holds, with its weight, is in the fund's JSON file. See the other 103 ETFs with a page here that hold LIN, and how their weights compare with the 12.87% XLB gives it.
Category: Materials, set by TickerInside from the ETF's own latest file. In its file of 2026-10-15, 100% of its stocks whose sector is known are materials companies, each in the sector the site gives that company. How categories are set.
https://tickerinside.com/api/v1/fund/xlb.jsonhttps://tickerinside.com/api/v1/fund/xlb.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/xlb.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/xlb.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/xlb.jsonHow much money went into or out of XLB?
On the close of Monday, October 12, 2026, $25 million went into XLB, 0.31% of its assets, as it created shares. Over its last 5 closes, a net inflow of $90 million.
From XLB's own holdings files. Every ETF's latest flows.
How is XLB split by sector?
| Sector | Weight | Weight bar |
|---|---|---|
| Materials | 99.8% |
From its SPDR file of 2026-10-15. How these are measured.
What did XLB hold in its SEC reports since 2019?
XLB's largest position in its SEC filings has been Linde plc (LIN) since 2019-09-30: 15.52% then and 14.06% in its report for 2026-06-30, across 28 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-09-30 | 28 | LIN 15.52% | 64.9% |
| 2019-12-31 | 28 | LIN 16.08% | 65.0% |
| 2020-12-31 | 28 | LIN 16.59% | 66.4% |
| 2021-12-31 | 28 | LIN 17.13% | 63.9% |
| 2022-12-31 | 29 | LIN 18.29% | 63.4% |
| 2023-12-31 | 28 | LIN 20.61% | 66.2% |
| 2024-12-31 | 28 | LIN 21.07% | 67.2% |
| 2025-12-31 | 26 | LIN 13.81% | 59.8% |
| 2026-06-30 | 26 | LIN 14.06% | 58.4% |
The first report, then the last of each year, of the 28 reports XLB filed on SEC Form N-PORT from 2019-09-30 to 2026-06-30, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/xlb/{date}.json. How these are read.
What does XLB duplicate?
The ETF nearest to XLB is RSPM: the two hold 82.7% of their weight in common, in the 24 companies both own, and 100.0% of XLB itself is also held there. Owning XLB alongside the ETFs at the top of this table means holding mostly the same companies twice. XLB is close to contained in RSPM.
| ETF | Overlap by weight | Of XLB held there | Of that ETF in XLB | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| RSPM | 82.7% | 100.0% | 100.0% | 24 | |
| VAW | 68.1% | 100.0% | 71.7% | 24 | |
| IYM | 53.4% | 61.6% | 68.9% | 14 | |
| MXI | 36.3% | 100.0% | 36.5% | 24 | |
| XME | 19.6% | 22.1% | 21.2% | 4 | |
| PKB | 13.8% | 13.9% | 15.1% | 3 | |
| PAVE | 12.3% | 23.4% | 12.3% | 5 | |
| PICK | 11.5% | 15.2% | 12.5% | 3 | |
| NOBL | 11.5% | 41.3% | 11.6% | 8 | |
| IGE | 11.0% | 43.8% | 11.0% | 11 | |
| ICOP | 10.8% | 12.6% | 13.6% | 2 | |
| SLX | 9.5% | 9.5% | 11.6% | 2 |
VAW's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. NOBL's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-28. SLX's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-26. The other ETFs' holdings are from their issuers' latest files. Check XLB against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to XLB?
MCHI shares 0% of weight with XLB and its weekly returns correlate with it at 0.34 over three years. The table lists the covered ETFs with the least in common with XLB, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 0.0% | 0.34 | 0 |
| SOXX | iShares Semiconductor ETF | 0.0% | 0.43 | 0 |
| PFF | iShares Preferred and Income Securities ETF | 0.0% | 0.55 | 0 |
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.63 | 0 |
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.64 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.67 | 0 |
| XSMO | Invesco S&P SmallCap Momentum ETF | 0.0% | 0.70 | 0 |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 0.0% | 0.74 | 0 |
Cost, returns and risk
| Expense ratio | 0.08% |
|---|---|
| Dividend yield | 1.77% |
| Total return, 1 year | 17.1% |
| Total return, 3 years cumulative | 42.2% |
| Total return, 5 years cumulative | 31.6% |
| Volatility, annualised | 16.7% |
| Worst fall, 3 years | -19.4% |
| Beta against SPY, 3 years of weekly returns | 0.7 |
| Weight in the ten largest positions | 59.3% |
| Largest single position | 12.9% |
| Assets under management | $7.8B |
Expense ratio, yield and assets are reference data (the expense ratio from XLB's SEC filing of 2026-01-28); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-15; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.60loosely linked | 143 |
| QQQ | 0.44loosely linked | 142 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 12.9% |
| 2025 | 9.9% |
| 2024 | 0.1% |
| 2023 | 12.5% |
| 2022 | -12.3% |
One year
Where to go next
- XME, State Street SPDR S&P Metals & Mining ETF
- COPX, Global X Copper Miners ETF
- ICOP, iShares Copper and Metals Mining ETF
- IYM, iShares U.S. Basic Materials ETF
- Run a portfolio x-ray to see what XLB carries once you look through it
- Compare XLB against any other ETF in the builder
Holdings from the most recent file State Street SPDR has published, dated 2026-10-15. Prices through 2026-10-16. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, Materials Select Sector SPDR Fund (XLB), holdings from the issuer's file of 2026-10-15, https://tickerinside.com/etf/xlb/, CC BY 4.0
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