Data as of Oct 28, 2026.
BITO vs XLB: Differences, Returns & Fees
Over the year to Oct 28, 2026, BITO returned −30.5% to XLB's +18.5%, and XLB charges 0.08% to BITO's 0.95%.
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Net assets: $1.6bn on Oct 28, 2026 for ProShares Bitcoin ETF, and $8.1bn on Oct 27, 2026 for State Street Materials Select Sector SPDR ETF.
Pair scorecard
XLB costs 0.87 points a year less; their one-year returns differ by 49.0 points; XLB is 5.1 times larger.
| Measure | BITO | XLB |
|---|---|---|
| Return | ||
| Total return, 1 year | −30.5% | +18.5% |
| Benchmark | ||
| What it tracks | Bitcoin futures and swaps on Bitcoin | Materials Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.95% | 0.08% |
| Net assets, as of Oct 27, 2026 | $1.6bn | $8.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 58.5% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, BITO and XLB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
BITO and XLB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BITO is a registered fund that reaches Bitcoin through what its N-PORT for Aug 31, 2026 lists: Bitcoin futures and swaps on Bitcoin. Over the year to Oct 28, 2026, Bitcoin moved −28.3% and BITO returned −30.5%. That leaves it 2.2 percentage points behind. BITO is a registered investment company: it files a monthly N-PORT rather than a 10-K. Its N-PORT for Aug 31, 2026 puts 67.9% of its net assets in ProShares GENIUS Money Market ETF.
A holder gets exposure to Bitcoin without the fund holding the coin itself. That difference is the fee, the cost of rolling the futures from one month to the next, what the futures traded at against Bitcoin, and what the market paid for the shares, all of it together. It is the only number on this page the sponsor does not publish itself.
XLB
XLB tracks an index of Materials. Over the year to Oct 28, 2026 it returned +18.5% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 25 positions, with the top ten at 58.5%.
Questions people ask
- Are BITO and XLB in the same category?
- BITO is a crypto futures ETF and XLB is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, BITO or XLB?
- In the year to Oct 28, 2026, with distributions reinvested, BITO returned −30.5% and XLB +18.5%.
- Which is cheaper, BITO or XLB?
- XLB is cheaper, by 0.87 percentage points a year. That is about $87 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BITO against XLB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bito-vs-xlb
ETFIQ. (Oct 28, 2026). BITO against XLB. Retrieved from https://etfiq.com/compare/any/bito-vs-xlb
[BITO against XLB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bito-vs-xlb)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.