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XLBI vs. MXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLBI vs. MXI

Last updated Jul 18, 2026
Documentation

XLBI (State Street Materials Select Sector SPDR Premium Income ETF) and MXI (iShares Global Materials ETF) are both exchange-traded funds - XLBI is a Derivative Income fund actively managed by State Street, while MXI is a Materials fund tracking the S&P Global Materials Index. XLBI is actively managed, while MXI is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. XLBI charges 0.35%/yr vs 0.46%/yr for MXI.

Performance

XLBI vs. MXI - Performance Comparison

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

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Returns By Period

In the year-to-date period, XLBI achieves a 7.03% return, which is significantly lower than MXI's 8.98% return.

XLBI

1D
-0.44%
1M
-1.63%
6M
4.62%
YTD
7.03%
1Y
—
3Y*
—
5Y*
—
10Y*
—

MXI

1D
-0.60%
1M
-6.45%
6M
1.43%
YTD
8.98%
1Y
23.30%
3Y*
10.01%
5Y*
6.36%
10Y*
10.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLBI vs. MXI - Yearly Performance Comparison

2026 (YTD)2025
XLBI
State Street Materials Select Sector SPDR Premium Income ETF		7.03%2.25%
MXI
iShares Global Materials ETF		8.98%12.24%

Correlation

The correlation between XLBI and MXI is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.85

XLBI vs. MXI - Sectors Allocation Comparison

Sectors
XLBI
MXI

Financial Services

98.9%

-

Basic Materials

-

95.2%

Communication Services

-

-

Consumer Cyclical

-

4.4%

Consumer Defensive

-

0.6%

Energy

-

-

Healthcare

-

-

Industrials

-

0.5%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

XLBI
98.9%
MXI

-

Basic Materials

XLBI

-

MXI
95.2%

Communication Services

XLBI

-

MXI

-

Consumer Cyclical

XLBI

-

MXI
4.4%

Consumer Defensive

XLBI

-

MXI
0.6%

Energy

XLBI

-

MXI

-

Healthcare

XLBI

-

MXI

-

Industrials

XLBI

-

MXI
0.5%

Real Estate

XLBI

-

MXI

-

Technology

XLBI

-

MXI

-

Utilities

XLBI

-

MXI

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street Materials Select Sector SPDR Premium Income ETF

iShares Global Materials ETF

Often compared with XLBI:
XLBI vs. DVXBXLBI vs. SPYXLBI vs. XLBXLBI vs. BUYWXLBI vs. FXZXLBI vs. SLXXLBI vs. GLD
Often compared with MXI:
MXI vs. XLBMXI vs. VAWMXI vs. GNRMXI vs. IYMMXI vs. SPYMXI vs. XMEMXI vs. SPHQ

Return for Risk

XLBI vs. MXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLBI

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

MXI
MXI Risk / Return Rank: 3737
Overall Rank
MXI Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MXI Sortino Ratio Rank: 3535
Sortino Ratio Rank
MXI Omega Ratio Rank: 3737
Omega Ratio Rank
MXI Calmar Ratio Rank: 3434
Calmar Ratio Rank
MXI Martin Ratio Rank: 3939
Martin Ratio Rank
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.

XLBI vs. MXI - Risk-Adjusted Trends Comparison

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

XLBIMXIDifference
Sharpe ratioReturn per unit of total volatility

—

1.12

—

Sortino ratioReturn per unit of downside risk

—

1.56

—

Omega ratioGain probability vs. loss probability

—

1.20

—

Calmar ratioReturn relative to maximum drawdown

—

1.45

—

Martin ratioReturn relative to average drawdown

—

4.97

—

XLBI vs. MXI - Sharpe Ratio Comparison

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Drawdowns

XLBI vs. MXI - Drawdown Comparison

The maximum XLBI drawdown since its inception was -10.62%, smaller than the maximum MXI drawdown of -68.44%. Use the drawdown chart below to compare losses from any high point for XLBI and MXI.

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Drawdown Indicators

XLBIMXIDifference

Max Drawdown

Largest peak-to-trough decline

-10.62%

-68.44%

+57.82%

Max Drawdown (1Y)

Largest decline over 1 year

—

-16.18%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-22.25%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.76%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.52%

—

Current Drawdown

Current decline from peak

-2.58%

-9.63%

+7.05%

Average Drawdown

Average peak-to-trough decline

-2.11%

-18.00%

+15.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

4.70%

—

Volatility

XLBI vs. MXI - Volatility Comparison

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Volatility by Period

XLBIMXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.74%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

18.07%

—

Volatility (1Y)

Calculated over the trailing 1-year period

13.84%

20.85%

-7.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

19.89%

-6.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.84%

20.39%

-6.55%

XLBI vs. MXI - Expense Ratio Comparison

XLBI has a 0.35% expense ratio, which is lower than MXI's 0.46% expense ratio.

Dividends

XLBI vs. MXI - Dividend Comparison

XLBI's dividend yield for the trailing twelve months is around 14.94%, more than MXI's 1.76% yield.

PositionTTM20252024202320222021202020192018201720162015
MXI
iShares Global Materials ETF		1.76%2.22%3.24%2.92%4.84%3.51%1.21%3.64%2.77%1.76%1.31%3.64%
XLBI
State Street Materials Select Sector SPDR Premium Income ETF		14.94%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

XLBI and MXI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XLBI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLBI is cheaper with a 0.35% expense ratio, compared with 0.46% for MXI.

XLBI has the higher dividend yield at 14.94%, compared with 1.76% for MXI.

XLBI is categorized as Derivative Income, while MXI is Materials. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XLBI and 0.46% for MXI.

Portfolio Optimizer

Find the right allocation for XLBI and MXI

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