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XLB vs. XLBI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLB vs. XLBI

Last updated Jul 17, 2026
Documentation

XLB (Materials Select Sector SPDR ETF) and XLBI (State Street Materials Select Sector SPDR Premium Income ETF) are both exchange-traded funds - XLB is a Materials fund tracking the Materials Select Sector Index, while XLBI is a Derivative Income fund actively managed by State Street. XLB is passively managed, while XLBI is actively managed. With a 0.96 correlation, they move nearly in lockstep. XLB charges 0.13%/yr vs 0.35%/yr for XLBI.

Performance

XLB vs. XLBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Materials Select Sector SPDR ETF (XLB) and State Street Materials Select Sector SPDR Premium Income ETF (XLBI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLB achieves a 13.14% return, which is significantly higher than XLBI's 7.51% return.

XLB

1D
0.77%
1M
-3.11%
6M
4.80%
YTD
13.14%
1Y
15.95%
3Y*
8.96%
5Y*
6.74%
10Y*
9.73%

XLBI

1D
0.44%
1M
-2.14%
6M
4.80%
YTD
7.51%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLB vs. XLBI - Yearly Performance Comparison

2026 (YTD)2025
XLB
Materials Select Sector SPDR ETF		13.14%1.02%
XLBI
State Street Materials Select Sector SPDR Premium Income ETF		7.51%2.25%

Correlation

The correlation between XLB and XLBI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

0.96

XLB vs. XLBI - Sectors Allocation Comparison

Sectors
XLB
XLBI

Basic Materials

87.3%

-

Consumer Cyclical

12.7%

-

Industrials

1.5%

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

98.9%

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Basic Materials

XLB
87.3%
XLBI

-

Consumer Cyclical

XLB
12.7%
XLBI

-

Industrials

XLB
1.5%
XLBI

-

Communication Services

XLB

-

XLBI

-

Consumer Defensive

XLB

-

XLBI

-

Energy

XLB

-

XLBI

-

Financial Services

XLB

-

XLBI
98.9%

Healthcare

XLB

-

XLBI

-

Real Estate

XLB

-

XLBI

-

Technology

XLB

-

XLBI

-

Utilities

XLB

-

XLBI

-

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Materials Select Sector SPDR ETF

State Street Materials Select Sector SPDR Premium Income ETF

Often compared with XLB:
XLB vs. REMXXLB vs. VAWXLB vs. XLEXLB vs. SPYXLB vs. FMATXLB vs. XLYXLB vs. XLK
Often compared with XLBI:
XLBI vs. DVXBXLBI vs. SPYXLBI vs. BUYWXLBI vs. GLDXLBI vs. SPINXLBI vs. SLXXLBI vs. BIL

Return for Risk

XLB vs. XLBI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLB
XLB Risk / Return Rank: 3131
Overall Rank
XLB Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
XLB Sortino Ratio Rank: 3030
Sortino Ratio Rank
XLB Omega Ratio Rank: 2828
Omega Ratio Rank
XLB Calmar Ratio Rank: 3131
Calmar Ratio Rank
XLB Martin Ratio Rank: 3232
Martin Ratio Rank
XLBI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLB vs. XLBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Materials Select Sector SPDR ETF (XLB) and State Street Materials Select Sector SPDR Premium Income ETF (XLBI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XLBXLBIDifference
Sharpe ratioReturn per unit of total volatility
0.91

—

—

Sortino ratioReturn per unit of downside risk
1.38

—

—

Omega ratioGain probability vs. loss probability

1.16

—

—

Calmar ratioReturn relative to maximum drawdown

1.29

—

—

Martin ratioReturn relative to average drawdown

3.83

—

—

XLB vs. XLBI - Sharpe Ratio Comparison

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Drawdowns

XLB vs. XLBI - Drawdown Comparison

The maximum XLB drawdown since its inception was -59.83%, which is greater than XLBI's maximum drawdown of -10.62%. Use the drawdown chart below to compare losses from any high point for XLB and XLBI.

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Drawdown Indicators

XLBXLBIDifference

Max Drawdown

Largest peak-to-trough decline

-59.83%

-10.62%

-49.21%

Max Drawdown (1Y)

Largest decline over 1 year

-12.38%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-23.17%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.72%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-37.27%

—

—

Current Drawdown

Current decline from peak

-4.31%

-2.14%

-2.17%

Average Drawdown

Average peak-to-trough decline

-10.81%

-2.11%

-8.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.17%

—

—

Volatility

XLB vs. XLBI - Volatility Comparison

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Volatility by Period

XLBXLBIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.02%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.69%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

17.51%

13.86%

+3.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.06%

13.86%

+5.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.63%

13.86%

+6.77%

XLB vs. XLBI - Expense Ratio Comparison

XLB has a 0.13% expense ratio, which is lower than XLBI's 0.35% expense ratio.

Dividends

XLB vs. XLBI - Dividend Comparison

XLB's dividend yield for the trailing twelve months is around 1.67%, less than XLBI's 14.88% yield.

PositionTTM20252024202320222021202020192018201720162015
XLB
Materials Select Sector SPDR ETF		1.67%1.92%1.92%2.00%2.26%1.62%1.72%1.98%2.20%1.66%1.95%2.24%
XLBI
State Street Materials Select Sector SPDR Premium Income ETF		14.88%7.71%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.96, XLB and XLBI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, XLB is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLB is cheaper with a 0.13% expense ratio, compared with 0.35% for XLBI.

XLBI has the higher dividend yield at 14.88%, compared with 1.67% for XLB.

XLB is categorized as Materials, while XLBI is Derivative Income. Their fees differ too: 0.13% for XLB and 0.35% for XLBI.

Portfolio Optimizer

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