State Street Materials Select Sector SPDR ETF (XLB) is a industrials and materials ETF. As of October 9, 2026, ETF Copilot scores XLB 4.4 out of 10 — highest on Growth (5.5), lowest on Quality (2.8). It trades at 21.2 times earnings, against its own median of 20.6. Its ten largest holdings are 60% of the fund.
What stands out in XLB's data
U.S. materials companies, from chemicals to metals and mining.
Trades at a cheaper price than most peers in its group — you pay less for each dollar of earnings.
Trailing P/E multiple of 21.2x sits in the cheapest 10% of its category, below the 22.6x median. It holds 24 stocks and earns 10.6% on invested capital.
A sector sleeve that tilts a broad portfolio toward the materials cycle.
Why did XLB move this week? It rose 1.2% in the week to October 9, 2026 — Nucor and Ecolab drove it
XLB rose 1.2% in the week to October 9, 2026. The holdings that moved it most were Nucor (+4.1%), Ecolab (+3.0%) and Newmont (+2.0%); Mosaic (−11.1%) pushed the other way.
How is XLB rated? ETF Copilot scores State Street Materials Select Sector SPDR ETF (XLB) 4.4 out of 10
As of October 9, 2026, ETF Copilot scores State Street Materials Select Sector SPDR ETF (XLB) 4.4 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.4 / 10
- Growth: 5.5 / 10
- Value: 5.4 / 10
- Risk: 5.1 / 10
- Quality: 2.8 / 10
- Return: 3.3 / 10
Is XLB expensive right now? It trades at 21.2 times earnings, against its own median of 20.6
As of October 9, 2026, XLB is more expensive than 54% of its own last 9 years.
Trailing 12 months, built from XLB's holdings. How we calculate this →
What's inside XLB?
What's inside XLB: Size (Large 59%, Mid 41%, Small 0%); Geography (International 24%, US 76%).
What are XLB's top holdings? The ten largest are 60% of the fund
Linde, Newmont, Freeport-McMoRan, Ecolab, Sherwin Williams, Vulcan Materials, Steel Dynamics, Nucor, Martin Marietta Materials and AIR Products + Chemicals are XLB's largest holdings, in that order.
More concentrated than 77% of Industrials & Materials ETFs.
Half of XLB's weight sits in its 8 largest positions, and once those weights are taken into account it behaves like 18 equally weighted holdings.
What is XLB's expense ratio? 0.08% a year
As of October 9, 2026, XLB charges 0.08% a year, yields 1.77% and holds $7.8B in assets across 24 positions.
| Measure | XLB |
|---|---|
| Expense ratio | 0.08% |
| Dividend yield | 1.77% |
| Assets under management | $7.8B |
| Holdings | 24 |
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.
Cite this
ETF Copilot, “State Street Materials Select Sector SPDR ETF (XLB) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/xlb
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