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ETFs

Materials Select Sector SPDR Fund

XLB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 16 1998
Expense Ratio
0.10%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$660,220,452
AUM
$5,179,040,528
Associated Index
S&P Materials Select Sector Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

LIN
Linde Plc.
19.58%
APD
Air Products & Chemicals Inc.
6.91%
FCX
Freeport-McMoRan Inc
6.29%
SHW
Sherwin-Williams Co.
5.74%
CTVA
Corteva Inc
4.72%
ECL
Ecolab, Inc.
4.53%
NEM
Newmont Corp
4.42%
NUE
Nucor Corp.
4.36%
DOW
Dow Inc
4.24%
DD
DuPont de Nemours Inc
3.65%
Invest with XLB

What is XLB?

The Materials Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Materials Select Sector Index (ticker: IXB).

ETFs related toXLB

ETFs correlated to XLB include VAW, FMAT, RTM

XLB
SSgA Active Trust - Materials Select Sector SPDR
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
RTM
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Materials ETF
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
PYZ
Invesco Capital Management LLC - Invesco DWA Basic Materials Momentum ETF
FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toXLB

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with XLB using Composer

FAQ

XLB is a US Equities ETF. The Materials Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Materials Select Sector Index (ticker: IXB).

XLB tracks the S&P Materials Select Sector Index.

No, XLB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XLB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XLB is -0.0435%. This is the percent change in the value of XLB over the most recent 1-month period. The 3-month return on XLB is -0.0203%. This is the percent change in the value of XLB over the most recent 3-month period.

The standard deviation of XLB for the past year is 0.2497%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XLB include SMN, UYM, and XLI.

ETFs correlated to XLB include VAW, FMAT, and RTM.

ETFs that are inversely correlated to XLB include SKF, SEF, and FAZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.