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Data as of Oct 28, 2026.

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VOO vs XLB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VOO returned +13.7% to XLB's +18.5%; 2% of their weight is in the same names.

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Net assets: $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF, and $8.1bn on Oct 27, 2026 for State Street Materials Select Sector SPDR ETF.

VOO on its own →XLB on its own →
At a glance
+13.7%
VOO total return, 1 year
+18.5%
XLB total return, 1 year
0.03%
VOO expense ratio
0.08%
XLB expense ratio

Pair scorecard

VOO costs 0.05 points a year less; their one-year returns differ by 4.8 points; VOO is far larger, $1.0tn against $7.8bn.

VOO vs XLB: Differences, Returns & Fees
MeasureVOOXLB
Return
Total return, 1 year+13.7%+18.5%
Benchmark
What it tracksS&P 500 IndexMaterials Select Sector Index
Cost and size
Expense ratio0.03%0.08%
Net assets, as of Sep 30, 2026$1.0tn$7.8bn
Holdings
Holdings in common2%
Top ten holdings, share of the fund39.1%58.5%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

2%

By the books each fund has filed, VOO and XLB hold 2% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first VOO XLB
Linde PLC 0.33% 12.96%
Newmont Corp 0.18% 6.56%
Freeport-McMoRan Inc 0.15% 5.23%
Sherwin-Williams Co 0.11% 4.73%
Ecolab Inc 0.10% 4.98%
Air Products and Chemicals Inc 0.09% 4.84%
CRH PLC 0.08% 4.47%
Nucor Corp 0.08% 4.89%
Vulcan Materials Co 0.05% 4.89%
Steel Dynamics Inc 0.04% 4.77%
Martin Marietta Materials Inc 0.04% 4.62%
PPG Industries Inc 0.04% 3.85%
Only in one fund ↓
Only in VOO
NVIDIA Corp 8.40%
Apple Inc 7.39%
Microsoft Corp 5.79%
Amazon.com Inc 3.72%
Alphabet Inc 3.07%
Broadcom Inc 2.54%
Alphabet Inc 2.46%
Meta Platforms Inc 2.43%
Only in XLB
XAB MATERIALS DEC26 0.00%
Check overlap with more funds →

Side by side

VOO Vanguard S&P 500 ETF XLB State Street Materials Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
Issuer Vanguard State Street
What it is Tracks the S&P 500 Tracks an index of Materials
Total return, 1 year +13.7% +18.5%
Its benchmark over the same days +13.7% (IVV) not measured
Gap to its benchmark 0.0 pts vs IVV not measured
Expense ratio 0.03% 0.08%
Already in the S&P 500 99.7% 99.8%
Holdings 507 25
Net assets, VOO as of Sep 30, 2026 and XLB as of Oct 27, 2026 $1.0tn $8.1bn

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

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About each fund
VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

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, VOO or XLB?
In the year to Oct 28, 2026, with distributions reinvested, VOO returned +13.7% and XLB +18.5%.
Which is cheaper, VOO or XLB?
VOO is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VOO and XLB overlap with the S&P 500?
By their latest filed holdings, 100% of VOO and 100% of XLB by weight is stocks the S&P 500 already holds.
Other comparisons
VOO vs VPUVDC vs VOOVDE vs VOOVOO vs VOXIVV vs XLBDYNF vs XLBCGGR vs XLBDFUS vs XLB
Where to next
VOO on its own →XLB on its own →Hold both: look the portfolio through →Rankings →VOO dividend history →VOO holdings →XLB dividend history →XLB holdings →Standards and sources →
Sources and dates
VOO filings on SEC EDGAR ↗
VOO prospectus with the expense ratio (SEC) ↗
Vanguard page for VOO ↗
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, VOO against XLB, data as of Oct 28, 2026. https://etfiq.com/compare/any/voo-vs-xlb

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