Get the weekly note

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

XLB vs XOP: how they differ

XLB and XOP hold 0% of their weight in the same names, and XOP returned more over the year.

State Street(R) Materials Select Sector SPDR(R) ETF and State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF.

What they hold in common

By the books each fund has filed, XLB and XOP hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in XLBOnly in XOP
Linde PLC 14.08%Texas Pacific Land Corp 3.17%
Newmont Corp 5.85%PBF Energy Inc 2.91%
Freeport-McMoRan Inc 5.31%Delek US Holdings Inc 2.81%
Corteva Inc 4.97%Expand Energy Corp 2.80%
Sherwin-Williams Co/The 4.95%CNX Resources Corp 2.78%
Ecolab Inc 4.73%EQT Corp 2.75%
Vulcan Materials Co 4.72%Valero Energy Corp 2.75%
CRH PLC 4.67%Antero Resources Corp 2.68%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.

XLB and XOP on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
XLB
State Street(R) Materials Select Sector SPDR(R) ETF
XOP
State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF
Where it sitsCore index fundCore index fund
IssuerState StreetState Street
What it isMaterialsSPDR S&P Oil & Gas Exploration & Production
Total return, 1 year+12.0%+52.4%
S&P 500 over the same days+17.5%+17.5%
Gap to the S&P 500−5.5 pts+34.9 pts
Expense ratio0.08%0.35%
Holdings2651

XLB in plain words

XLB is an index equity fund tracking the Materials. Over the year to Sep 11, 2026 it returned +12.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 58.5%. It sat 5.1% below its high of Aug 26, 2026 on Sep 11, 2026.

XOP in plain words

XOP is a commodity fund tracking the SPDR S&P Oil & Gas Exploration & Production. Over the year to Sep 11, 2026 it returned +52.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. It sat 26.8% below its high of Jun 23, 2014 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, XLB or XOP?
In the year to Sep 12, 2026, with distributions reinvested, XLB returned +12.0% and XOP returned +52.4%, so XOP returned more. One year is one year; the longer windows are in the table.
Which is cheaper, XLB or XOP?
XLB charges 0.08% a year and XOP charges 0.35%, so XLB is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where to next

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

XLB against XOP, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, XLB against XOP, data as of Sep 12, 2026. https://etfiq.com/compare/any/XLB-XOP Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources