Data as of Oct 28, 2026.

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VTWO vs XLB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VTWO returned +14.3% to XLB's +18.5%; 0% of their weight is in the same names.

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Net assets: $16.6bn on Sep 30, 2026 for Vanguard Russell 2000 ETF, and $8.1bn on Oct 27, 2026 for State Street Materials Select Sector SPDR ETF.

At a glance
+14.3%
VTWO total return, 1 year
+18.5%
XLB total return, 1 year
0.06%
VTWO expense ratio
0.08%
XLB expense ratio

Pair scorecard

VTWO costs 0.02 points a year less; their one-year returns differ by 4.2 points; VTWO is 2.1 times larger.

VTWO vs XLB: Differences, Returns & Fees
MeasureVTWOXLB
Return
Total return, 1 year+14.3%+18.5%
Drawdown
Below its high7.5%, high on Aug 14, 2026
Benchmark
What it tracksRussell 2000 IndexMaterials Select Sector Index
Cost and size
Expense ratio0.06%0.08%
Net assets, as of Sep 30, 2026$16.6bn$7.8bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund5.4%58.5%

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

What they share

0%

By the books each fund has filed, VTWO and XLB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VTWO XLB
Only in one fund ↓
Only in VTWO
SLBBH1142 2.36%
Twist Bioscience Corp 0.42%
Moog Inc 0.36%
10X Genomics Inc 0.35%
JFrog Ltd 0.35%
UMB Financial Corp 0.32%
BrightSpring Health Services Inc 0.31%
Glaukos Corp 0.31%
Only in XLB
LINDE PLC 12.96%
NEWMONT CORP 6.56%
FREEPORT MCMORAN INC 5.23%
ECOLAB INC 4.98%
VULCAN MATERIALS CO 4.89%
NUCOR CORP 4.89%
AIR PRODUCTS + CHEMICALS INC 4.84%
STEEL DYNAMICS INC 4.77%
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Side by side

VTWO Vanguard Russell 2000 ETF XLB State Street Materials Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Russell 2000 Tracks an index of Materials
Total return, 1 year +14.3% +18.5%
Its benchmark over the same days +14.1% (IWM) not measured
Gap to its benchmark +0.2 pts vs IWM not measured
Expense ratio 0.06% 0.08%
Already in the S&P 500 0.5% 99.8%
Holdings 2002 25
Net assets, VTWO as of Sep 30, 2026 and XLB as of Oct 27, 2026 $16.6bn $8.1bn

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

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About each fund
VTWO

VTWO tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,002 positions, with the top ten at 5.4%. It sat 7.5% below its high of Aug 14, 2026 on Oct 28, 2026.

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, VTWO or XLB?
In the year to Oct 28, 2026, with distributions reinvested, VTWO returned +14.3% and XLB +18.5%.
Which is cheaper, VTWO or XLB?
VTWO is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VTWO and XLB overlap with the S&P 500?
By their latest filed holdings, 0% of VTWO and 100% of XLB by weight is stocks the S&P 500 already holds.
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ETFIQ, VTWO against XLB, data as of Oct 28, 2026. https://etfiq.com/compare/any/vtwo-vs-xlb

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