Which returned more over the last year, XLB or XOP?

In the year to Oct 28, 2026, with distributions reinvested, XLB returned +18.5% and XOP +62.5%.

Which is cheaper, XLB or XOP?

XLB is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

XLB vs XOP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, XLB returned +18.5% to XOP's +62.5%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $8.1bn for State Street Materials Select Sector SPDR ETF and $4.6bn for State Street SPDR S&P Oil & Gas Exploration & Production ETF.

XLB on its own →XOP on its own →

At a glance

+18.5%

XLB total return, 1 year

+62.5%

XOP total return, 1 year

0.08%

XLB expense ratio

0.35%

XOP expense ratio

Pair scorecard

XLB costs 0.27 points a year less; their one-year returns differ by 44.0 points; XLB is 1.8 times larger.

XLB vs XOP: Differences, Returns & Fees
Measure	XLB	XOP
Return
Measure	XLB	XOP
Total return, 1 year	+18.5%	+62.5%
Drawdown
Measure	XLB	XOP
Below its high		24.8%, high on Jun 23, 2014
Benchmark
Measure	XLB	XOP
What it tracks	Materials Select Sector Index	S&P Oil & Gas Exploration & Production Select Industry Index
Cost and size
Measure	XLB	XOP
Expense ratio	0.08%	0.35%
Net assets, as of Oct 27, 2026	$8.1bn	$4.6bn
Holdings
Measure	XLB	XOP
Holdings in common	0%
In the S&P 500, by weight	100%
Top ten holdings, share of the fund	58.5%

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

What they share

By the books each fund has filed, XLB and XOP 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 XLB XOP

Only in one fund ↓

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%

Only in XOP

RANGE RESOURCES CORP 3.48%

APA CORP 2.92%

MURPHY OIL CORP 2.89%

OVINTIV INC 2.85%

EOG RESOURCES INC 2.82%

EXXONMOBIL HOLDINGS CORP 2.82%

MARATHON PETROLEUM CORP 2.81%

CONOCOPHILLIPS 2.79%

Check overlap with more funds →

Side by side

XLB State Street Materials Select Sector SPDR ETF XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF

Where it sits Stock ETF Stock ETF

Issuer State Street State Street

What it is Tracks an index of Materials Tracks the S&P Oil & Gas Exploration & Production

Total return, 1 year +18.5% +62.5%

Expense ratio 0.08% 0.35%

Holdings 25 52

Net assets, as of Oct 27, 2026 $8.1bn $4.6bn

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

Alert

About each fund

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%.

XOP

XOP tracks the S&P Oil & Gas Exploration & Production. Over the year to Oct 28, 2026 it returned +62.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. It sat 24.8% below its high of Jun 23, 2014 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, XLB or XOP?: In the year to Oct 28, 2026, with distributions reinvested, XLB returned +18.5% and XOP +62.5%.
Which is cheaper, XLB or XOP?: XLB is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

VDE vs XLB IYE vs XLB XLB vs XLE VOX vs XLB XLRE vs XOP VDC vs XOP VOX vs XOP SCHH vs XOP

Where to next

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

Sources and dates

XLB filings on SEC EDGAR ↗

XLB prospectus with the expense ratio (SEC) ↗

State Street website ↗

XOP filings on SEC EDGAR ↗

XOP prospectus with the expense ratio (SEC) ↗

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

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