Are XBI and XHB in the same category?

XBI is a thematic ETF and XHB 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, XBI or XHB?

In the year to Oct 28, 2026, with distributions reinvested, XBI returned +41.2% and XHB −8.6%.

Which is cheaper, XBI or XHB?

Neither: XBI and XHB both charge 0.35% a year. Fees come from each fund's prospectus.

How much do XBI and XHB overlap with the S&P 500?

By their latest filed holdings, 13% of XBI and 46% of XHB by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

XBI vs XHB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, XBI returned +41.2% to XHB's −8.6%.

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Net assets on Oct 27, 2026: $10.3bn for State Street SPDR S&P Biotech ETF and $1.5bn for State Street SPDR S&P Homebuilders ETF.

XBI on its own →XHB on its own →

At a glance

+41.2%

XBI total return, 1 year

−8.6%

XHB total return, 1 year

0.35%

XBI expense ratio

0.35%

XHB expense ratio

Pair scorecard

Both cost 0.35% a year; their one-year returns differ by 49.8 points; XBI is 6.9 times larger.

XBI vs XHB: Differences, Returns & Fees
Measure	XBI	XHB
Return
Measure	XBI	XHB
Total return, 1 year	+41.2%	−8.6%
Drawdown
Measure	XBI	XHB
Below its all-time high	8.9%, high on Feb 8, 2021
Below its high		20.5%, high on Oct 18, 2024
Benchmark
Measure	XBI	XHB
What it tracks	Biotech	S&P Homebuilders Select Industry Index
Cost and size
Measure	XBI	XHB
Expense ratio	0.35%	0.35%
Net assets, as of Oct 27, 2026	$10.3bn	$1.5bn
Active share vs the S&P 500	98%
Holdings
Measure	XBI	XHB
Holdings in common	0%
Top ten holdings, share of the fund	18%	35.4%

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

Risk and return

Feb 17, 2006 to Oct 23, 2026 · 1,079 weekly returns

XBI XHB

Return

Total return edge XBI +817.9% +167.9%

Annualized edge XBI +11.3% +4.9%

Price return edge XBI +767.9% +119.5%

Risk

Volatility edge XBI (slight) 29.2% 32.4%

Max drawdown edge XBI −61.5% −81.4%

Risk-adjusted

Sharpe edge XBI 0.45 0.25

Sortino edge XBI 0.66 0.38

Calmar edge XBI 0.18 0.06

Reading

XBI returned more: +817.9% to +167.9%. XBI swung slightly less: 29.2% to 32.4%. XBI fell less at its worst: −61.5% to −81.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: XBI vs XHB: Differences, Returns & Fees
Measure	XBI	XHB	Edge	How it is measured
Return
Total return	+817.9%	+167.9%	XBI	Price change plus distributions, reinvested.
Annualized	+11.3%	+4.9%	XBI	Total return as a yearly rate.
Price return	+767.9%	+119.5%	XBI	Price change alone, distributions left out.
Risk
Volatility	29.2%	32.4%	XBI (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	20.0%	21.8%	XBI (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−61.5%	−81.4%	XBI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.45	0.25	XBI	Return above Treasury bills per unit of volatility.
Sortino	0.66	0.38	XBI	Return above Treasury bills per unit of downside deviation.
Calmar	0.18	0.06	XBI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,079 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first XBI XHB

Only in one fund ↓

Only in XBI

MODERNA INC 2.24%

TWIST BIOSCIENCE CORP 1.86%

NATERA INC 1.82%

BIOGEN INC 1.75%

HALOZYME THERAPEUTICS INC 1.75%

UNITED THERAPEUTICS CORP 1.71%

AMGEN INC 1.68%

ABBVIE INC 1.67%

Only in XHB

ALLEGION PLC 3.83%

SHARKNINJA INC 3.76%

WAYFAIR INC CLASS A 3.63%

WILLIAMS SONOMA INC 3.54%

SIMPSON MANUFACTURING CO INC 3.49%

MASCO CORP 3.49%

JOHNSON CONTROLS INTERNATION 3.46%

DR HORTON INC 3.41%

Check overlap with more funds →

Side by side

XBI State Street SPDR S&P Biotech ETF XHB State Street SPDR S&P Homebuilders ETF

Where it sits Thematic ETF Stock ETF

Issuer State Street State Street

What it is Biotech Tracks the S&P Homebuilders

Total return, 1 year +41.2% −8.6%

Expense ratio 0.35% 0.35%

Already in the S&P 500 13.2% 45.7%

Holdings 165 34

Net assets, as of Oct 27, 2026 $10.3bn $1.5bn

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

Client brief · page 1 of 2 Report BR-770D5D95C9

XBI and XHB do different jobs. What does each one do in a portfolio?

What each follows. XBI follows Biotech and XHB follows S&P Homebuilders Select Industry Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 XBI returned +41.2% and XHB −8.6% with distributions reinvested, a gap of 49.8 points.

Data as of Oct 28, 2026.

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About each fund

XBI

By weight, 13% of XBI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 18% of the fund across 165 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +41.2% with distributions reinvested. It sits 8.9% below its all-time high of Feb 8, 2021.

XHB

XHB tracks the S&P Homebuilders. Over the year to Oct 28, 2026 it returned −8.6% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 46% of the fund by weight is stocks the S&P 500 also holds, across 34 positions, with the top ten at 35.4%. It sat 20.5% below its high of Oct 18, 2024 on Oct 28, 2026.

Questions people ask

Are XBI and XHB in the same category?: XBI is a thematic ETF and XHB 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, XBI or XHB?: In the year to Oct 28, 2026, with distributions reinvested, XBI returned +41.2% and XHB −8.6%.
Which is cheaper, XBI or XHB?: Neither: XBI and XHB both charge 0.35% a year. Fees come from each fund's prospectus.
How much do XBI and XHB overlap with the S&P 500?: By their latest filed holdings, 13% of XBI and 46% of XHB by weight is stocks the S&P 500 already holds.

Other comparisons

XBI vs XRT XBI vs XLY IYE vs XBI IYR vs XBI IBB vs XHB PDBC vs XHB CGBL vs XHB IJS vs XHB

Where to next

XBI on its own →XHB on its own →Hold both: look the portfolio through →Rankings →XBI dividend history →XBI holdings →XHB dividend history →XHB holdings →Standards and sources →

Sources and dates

XBI and XHB filings on SEC EDGAR ↗

XBI and XHB 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, XBI against XHB, data as of Oct 28, 2026. https://etfiq.com/compare/any/xbi-vs-xhb

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