Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
INDA vs XLB: how they differ
INDA and XLB hold 0% of their weight in the same names, and XLB returned more over the year.
iShares MSCI India ETF and State Street(R) Materials Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, INDA and XLB hold 0% of their money in the same securities at the same weight.
| Only in INDA | Only in XLB |
|---|---|
| HDFC BANK 5.82% | LINDE PLC 12.91% |
| RELIANCE INDUSTRIES LTD 5.49% | NEWMONT CORP 8.14% |
| ICICI BANK 5.39% | FREEPORT MCMORAN INC 6.19% |
| BHARTI AIRTEL LTD 3.87% | CORTEVA INC 5.11% |
| BLK CSH FND TREASURY SL AGENCY 2.40% | AIR PRODUCTS + CHEMICALS INC 4.78% |
| INFOSYS 2.37% | ECOLAB INC 4.75% |
| AXIS BANK 2.09% | SHERWIN WILLIAMS CO/THE 4.70% |
| MAHINDRA AND MAHINDRA LTD 2.03% | NUCOR CORP 4.59% |
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 Sep 10, 2026.
| INDA iShares MSCI India ETF | XLB State Street(R) Materials Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI India | Materials |
| Total return, 1 year | −8.8% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −26.3 pts | −5.5 pts |
| Expense ratio | 0.61% | 0.08% |
| Already in the S&P 500 | 0.0% | 100.0% |
| Holdings | 168 | 27 |
INDA in plain words
INDA is an index equity fund tracking the MSCI India. Over the year to Sep 11, 2026 it returned −8.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.61% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 168 positions, with the top ten at 33.4%. It sat 17.4% below its high of Sep 26, 2024 on Sep 11, 2026.
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 Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 27 positions, with the top ten at 59.4%. It sat 5.1% below its high of Aug 26, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, INDA or XLB?
- In the year to Sep 13, 2026, with distributions reinvested, INDA returned −8.8% and XLB returned +12.0%, so XLB returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, INDA or XLB?
- INDA charges 0.61% a year and XLB charges 0.08%, so XLB is cheaper. Fees come from each fund's prospectus.
- How much do INDA and XLB overlap with the S&P 500?
- By their latest filed holdings, 0% of INDA and 100% of XLB by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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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.
Cite this page. ETFIQ, INDA against XLB, data as of Sep 13, 2026. https://etfiq.com/compare/any/inda-vs-xlb Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources