XAR vs XLB: holdings overlap, shared companies and scores
As of September 11, 2026, XAR and XLB overlap 0.0% by weight. State Street SPDR S&P Aerospace & Defense ETF (XAR): U.S. aerospace and defense companies. State Street Materials Select Sector SPDR ETF (XLB): U.S. materials sector.
Updated September 11, 2026
How much do XAR and XLB overlap?
As of September 11, 2026, XAR and XLB overlap 0.0% by weight.
0% of XAR is already inside XLB.
0% of XLB is already inside XAR.
XAR holds 46 companies and XLB holds 25; 0 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score XAR and XLB?
As of September 11, 2026, ETF Copilot scores XAR 4.8 out of 10 and XLB 3.9 out of 10.
They differ most on Return: XAR 8.4 and XLB 3.0.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | XAR | XLB |
|---|---|---|
| Growth | 7.9 | 5.9 |
| Valuation | 2.1 | 5.3 |
| Risk | 1.8 | 3.1 |
| Quality | 0.6 | 1.7 |
| Return | 8.4 | 3.0 |
XLB is the cheaper of the two at 0.08% a year
As of September 11, 2026, XAR charges 0.35% a year, yields 0.83% and holds $5.7B in assets across 46 positions.
As of September 11, 2026, XLB charges 0.08% a year, yields 2.15% and holds $8.5B in assets across 25 positions.
| Measure | XAR | XLB |
|---|---|---|
| Expense ratio | 0.35% | 0.08% |
| Dividend yield | 0.83% | 2.15% |
| Assets under management | $5.7B | $8.5B |
| Holdings | 46 | 25 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where XAR and XLB trade against their own history
XAR trades at 33.8 times earnings, against its own median of 24.4, and is more expensive than 89% of its own 114 monthly readings since 2017.
XLB trades at 23.0 times earnings, against its own median of 21.0, and is more expensive than 75% of its own 114 monthly readings since 2017.
What moved XAR and XLB this week
XAR fell 3.1% in the week to September 11, 2026. The holdings that moved it most were Axon Enterprise (−10.9%), Howmet Aerospace (−11.9%) and Karman (−12.9%); Ducommun (+3.7%) pushed the other way.
XLB fell 3.2% in the week to September 11, 2026. The holdings that moved it most were Linde (−3.3%), Corteva (−5.3%) and Newmont (−2.8%); Martin Marietta Materials (+0.2%) pushed the other way.
What do XAR and XLB each hold?
What's inside XAR: Tech 2%.
31% of XAR is its ten largest holdings.
59% of XLB is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “XAR vs XLB holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/xar-vs-xlb
- State Street SPDR S&P Aerospace & Defense ETF (XAR)
- State Street Materials Select Sector SPDR ETF (XLB)
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