Data as of Oct 28, 2026.
XHB vs XLG: Differences, Returns & Fees
Over the year to Oct 28, 2026, XHB returned −8.6% to XLG's +6.4%; 1% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.5bn for State Street SPDR S&P Homebuilders ETF and $11.9bn for Invesco S&P 500 Top 50 ETF.
Pair scorecard
XLG costs 0.15 points a year less; their one-year returns differ by 15.0 points; XLG is 7.9 times larger.
| Measure | XHB | XLG |
|---|---|---|
| Return | ||
| Total return, 1 year | −8.6% | +6.4% |
| Drawdown | ||
| Below its high | 20.5%, high on Oct 18, 2024 | |
| Benchmark | ||
| What it tracks | S&P Homebuilders Select Industry Index | S&P 500 Top 50 Index |
| Cost and size | ||
| Expense ratio | 0.35% | 0.20% |
| Net assets, as of Oct 27, 2026 | $1.5bn | $11.9bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 35.4% | 60.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Feb 17, 2006 to Oct 23, 2026 · 1,079 weekly returnsXLG returned more: +846.3% to +167.9%. XLG swung less: 17.2% to 32.4%. XLG fell less at its worst: −51.7% to −81.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | XHB | XLG | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +167.9% | +846.3% | XLG | Price change plus distributions, reinvested. |
| Annualized | +4.9% | +11.4% | XLG | Total return as a yearly rate. |
| Price return | +119.5% | +554.0% | XLG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 32.4% | 17.2% | XLG | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 21.8% | 12.0% | XLG | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −81.4% | −51.7% | XLG | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.25 | 0.62 | XLG | Return above Treasury bills per unit of volatility. |
| Sortino | 0.38 | 0.88 | XLG | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.06 | 0.22 | XLG | 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, XHB and XLG hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
1% in common
Only in one fund ↓
Side by side
XHB and XLG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
XHB and XLG do different jobs. What does each one do in a portfolio?
- What each follows. XHB follows S&P Homebuilders Select Industry Index and XLG follows S&P 500 Top 50 Index.
- Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 XHB returned −8.6% and XLG +6.4% with distributions reinvested, a gap of 15.0 points.
Data as of Oct 28, 2026.
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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.
XLG
XLG tracks the S&P 500 top 50. Over the year to Oct 28, 2026 it returned +6.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 60.3%.
Questions people ask
- Which returned more over the last year, XHB or XLG?
- In the year to Oct 28, 2026, with distributions reinvested, XHB returned −8.6% and XLG +6.4%.
- Which is cheaper, XHB or XLG?
- XLG is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, XHB against XLG, data as of Oct 28, 2026. https://etfiq.com/compare/any/xhb-vs-xlg
ETFIQ. (Oct 28, 2026). XHB against XLG. Retrieved from https://etfiq.com/compare/any/xhb-vs-xlg
[XHB against XLG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/xhb-vs-xlg)
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