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XLBI vs. XLB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLBI vs. XLB

Last updated Jul 12, 2026
Documentation

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

Performance

XLBI vs. XLB - 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 Materials Select Sector SPDR ETF (XLB). 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 7.80% return, which is significantly lower than XLB's 13.14% return.

XLBI

1D
1.59%
1M
0.97%
6M
5.53%
YTD
7.80%
1Y
—
3Y*
—
5Y*
—
10Y*
—

XLB

1D
1.25%
1M
-2.11%
6M
6.32%
YTD
13.14%
1Y
13.24%
3Y*
9.55%
5Y*
6.25%
10Y*
9.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLBI vs. XLB - Yearly Performance Comparison

2026 (YTD)2025
XLBI
State Street Materials Select Sector SPDR Premium Income ETF		7.80%2.25%
XLB
Materials Select Sector SPDR ETF		13.14%1.02%

Correlation

The correlation between XLBI and XLB 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

XLBI vs. XLB - Sectors Allocation Comparison

Sectors
XLBI
XLB

Financial Services

98.9%

-

Basic Materials

-

87.3%

Communication Services

-

-

Consumer Cyclical

-

12.7%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

1.5%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

XLBI
98.9%
XLB

-

Basic Materials

XLBI

-

XLB
87.3%

Communication Services

XLBI

-

XLB

-

Consumer Cyclical

XLBI

-

XLB
12.7%

Consumer Defensive

XLBI

-

XLB

-

Energy

XLBI

-

XLB

-

Healthcare

XLBI

-

XLB

-

Industrials

XLBI

-

XLB
1.5%

Real Estate

XLBI

-

XLB

-

Technology

XLBI

-

XLB

-

Utilities

XLBI

-

XLB

-

Compare stocks, funds, or ETFs

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State Street Materials Select Sector SPDR Premium Income ETF

Materials Select Sector SPDR ETF

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

Return for Risk

XLBI vs. XLB — 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.

XLB
XLB Risk / Return Rank: 2424
Overall Rank
XLB Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
XLB Sortino Ratio Rank: 2323
Sortino Ratio Rank
XLB Omega Ratio Rank: 2222
Omega Ratio Rank
XLB Calmar Ratio Rank: 2525
Calmar Ratio Rank
XLB Martin Ratio Rank: 2727
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. XLB - 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 Materials Select Sector SPDR ETF (XLB). 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.

XLBIXLBDifference
Sharpe ratioReturn per unit of total volatility

—

0.70

—

Sortino ratioReturn per unit of downside risk

—

1.10

—

Omega ratioGain probability vs. loss probability

—

1.13

—

Calmar ratioReturn relative to maximum drawdown

—

1.00

—

Martin ratioReturn relative to average drawdown

—

2.98

—

XLBI vs. XLB - Sharpe Ratio Comparison

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Drawdowns

XLBI vs. XLB - Drawdown Comparison

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

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Drawdown Indicators

XLBIXLBDifference

Max Drawdown

Largest peak-to-trough decline

-10.62%

-59.83%

+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

-1.88%

-4.31%

+2.43%

Average Drawdown

Average peak-to-trough decline

-2.10%

-10.81%

+8.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

4.15%

—

Volatility

XLBI vs. XLB - Volatility Comparison

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Volatility by Period

XLBIXLBDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.71%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

13.85%

—

Volatility (1Y)

Calculated over the trailing 1-year period

13.93%

17.65%

-3.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.93%

19.06%

-5.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.93%

20.64%

-6.71%

XLBI vs. XLB - Expense Ratio Comparison

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

Dividends

XLBI vs. XLB - Dividend Comparison

XLBI's dividend yield for the trailing twelve months is around 14.84%, more than XLB's 1.67% 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		14.84%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, XLBI and XLB 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 14.84%, compared with 1.67% for XLB.

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

Portfolio Optimizer

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