SXLB.L vs. XLBP.L
Compare and contrast key facts about SPDR S&P US Materials Select Sector UCITS ETF (SXLB.L) and Invesco US Materials Sector UCITS ETF (XLBP.L).
SXLB.L and XLBP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SXLB.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Materials NR USD. It was launched on Jul 7, 2015. XLBP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Materials NR USD. It was launched on Dec 16, 2009. Both SXLB.L and XLBP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SXLB.L vs. XLBP.L - Performance Comparison
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SXLB.L vs. XLBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXLB.L SPDR S&P US Materials Select Sector UCITS ETF | 10.41% | 10.91% | -0.67% | 12.37% | -11.86% | 26.98% | 20.18% | 23.16% | -15.68% | 23.17% |
XLBP.L Invesco US Materials Sector UCITS ETF | 10.41% | 11.28% | -0.91% | 11.69% | -12.18% | 27.63% | 19.54% | 24.50% | -15.06% | 22.85% |
Different Trading Currencies
SXLB.L is traded in USD, while XLBP.L is traded in GBp. To make them comparable, the XLBP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SXLB.L at 10.41% and XLBP.L at 10.41%. Both investments have delivered pretty close results over the past 10 years, with SXLB.L having a 10.40% annualized return and XLBP.L not far ahead at 10.42%.
SXLB.L
- 1D
- 2.00%
- 1M
- -4.53%
- YTD
- 10.41%
- 6M
- 13.15%
- 1Y
- 18.95%
- 3Y*
- 9.75%
- 5Y*
- 6.85%
- 10Y*
- 10.40%
XLBP.L
- 1D
- 1.99%
- 1M
- -4.98%
- YTD
- 10.41%
- 6M
- 13.41%
- 1Y
- 19.46%
- 3Y*
- 9.81%
- 5Y*
- 6.77%
- 10Y*
- 10.42%
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SXLB.L vs. XLBP.L - Expense Ratio Comparison
SXLB.L has a 0.15% expense ratio, which is higher than XLBP.L's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SXLB.L vs. XLBP.L — Risk / Return Rank
SXLB.L
XLBP.L
SXLB.L vs. XLBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Materials Select Sector UCITS ETF (SXLB.L) and Invesco US Materials Sector UCITS ETF (XLBP.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SXLB.L | XLBP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.05 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.47 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.60 | +0.02 |
Martin ratioReturn relative to average drawdown | 4.95 | 4.99 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SXLB.L | XLBP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.05 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.36 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.54 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.41 | +0.05 |
Correlation
The correlation between SXLB.L and XLBP.L is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SXLB.L vs. XLBP.L - Dividend Comparison
Neither SXLB.L nor XLBP.L has paid dividends to shareholders.
Drawdowns
SXLB.L vs. XLBP.L - Drawdown Comparison
The maximum SXLB.L drawdown since its inception was -36.00%, roughly equal to the maximum XLBP.L drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for SXLB.L and XLBP.L.
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Drawdown Indicators
| SXLB.L | XLBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.00% | -28.58% | -7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -12.34% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.19% | -21.98% | -3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | -28.58% | -7.42% |
Current DrawdownCurrent decline from peak | -5.14% | -4.26% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -5.55% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.92% | +0.80% |
Volatility
SXLB.L vs. XLBP.L - Volatility Comparison
SPDR S&P US Materials Select Sector UCITS ETF (SXLB.L) has a higher volatility of 6.96% compared to Invesco US Materials Sector UCITS ETF (XLBP.L) at 6.31%. This indicates that SXLB.L's price experiences larger fluctuations and is considered to be riskier than XLBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXLB.L | XLBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 6.31% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.54% | 12.07% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 18.53% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 18.60% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 19.45% | +0.08% |