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Data as of Oct 28, 2026.

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IWD vs XLB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWD returned +27.5% to XLB's +18.5%; 3% of their weight is in the same names.

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Net assets on Oct 27, 2026: $83.0bn for iShares Russell 1000 Value ETF and $8.1bn for State Street Materials Select Sector SPDR ETF.

IWD on its own →XLB on its own →
At a glance
+27.5%
IWD total return, 1 year
+18.5%
XLB total return, 1 year
0.18%
IWD expense ratio
0.08%
XLB expense ratio

Pair scorecard

XLB costs 0.10 points a year less; their one-year returns differ by 9.0 points; IWD is 10.2 times larger.

IWD vs XLB: Differences, Returns & Fees
MeasureIWDXLB
Return
Total return, 1 year+27.5%+18.5%
Benchmark
What it tracksRussell 1000 Value IndexMaterials Select Sector Index
Cost and size
Expense ratio0.18%0.08%
Net assets, as of Oct 27, 2026$83.0bn$8.1bn
Holdings
Holdings in common3%
Top ten holdings, share of the fund29.6%58.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

3%

By the books each fund has filed, IWD and XLB hold 3% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first IWD XLB
LINDE PLC 0.62% 12.96%
NEWMONT 0.31% 6.56%
FREEPORT MCMORAN INC 0.25% 5.23%
ECOLAB 0.19% 4.98%
AIR PRODUCTS AND CHEMICALS 0.18% 4.84%
NUCOR 0.16% 4.89%
CRH PUBLIC LIMITED PLC 0.15% 4.47%
SHERWIN WILLIAMS 0.14% 4.73%
VULCAN MATERIALS 0.09% 4.89%
STEEL DYNAMICS INC 0.08% 4.77%
MARTIN MARIETTA MATERIALS 0.08% 4.62%
PPG INDUSTRIES 0.07% 3.85%
Only in one fund ↓
Only in IWD
APPLE 6.08%
AMAZON.COM INC 5.95%
MICROSOFT 5.21%
BERKSHIRE HATHAWAY INC CLASS B 2.67%
JPMORGAN CHASE & CO 2.37%
EXXONMOBIL HOLDINGS CORP 1.96%
JOHNSON & JOHNSON 1.71%
WALMART 1.26%
Only in XLB
XAB MATERIALS DEC26 0.00%
Check overlap with more funds →

Side by side

IWD iShares Russell 1000 Value ETF XLB State Street Materials Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
Issuer iShares State Street
What it is Tracks the Russell 1000 value Tracks an index of Materials
Total return, 1 year +27.5% +18.5%
Its benchmark over the same days +27.7% (VONV) not measured
Gap to its benchmark −0.2 pts vs VONV not measured
Expense ratio 0.18% 0.08%
Already in the S&P 500 90.0% 99.8%
Holdings 871 25
Net assets, as of Oct 27, 2026 $83.0bn $8.1bn

IWD and XLB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
IWD

IWD tracks the Russell 1000 value. Over the year to Oct 28, 2026 it returned +27.5% with distributions reinvested, against +27.7% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 871 positions, with the top ten at 29.6%.

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

Which returned more over the last year, IWD or XLB?
In the year to Oct 28, 2026, with distributions reinvested, IWD returned +27.5% and XLB +18.5%.
Which is cheaper, IWD or XLB?
XLB is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWD and XLB overlap with the S&P 500?
By their latest filed holdings, 90% of IWD and 100% of XLB by weight is stocks the S&P 500 already holds.
Other comparisons
IWD vs XHBIWD vs VPUIWD vs VDCIWD vs VDEVYM vs XLBSCHD vs XLBVTV vs XLBSPHD vs XLB
Where to next
IWD on its own →XLB on its own →Hold both: look the portfolio through →Rankings →IWD dividend history →IWD holdings →XLB dividend history →XLB holdings →Standards and sources →
Sources and dates
IWD filings on SEC EDGAR ↗
IWD prospectus with the expense ratio (SEC) ↗
iShares page for IWD ↗
XLB filings on SEC EDGAR ↗
XLB prospectus with the expense ratio (SEC) ↗
State Street website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, IWD against XLB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwd-vs-xlb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.