PYZvsXLBETF Comparison
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Invesco DWA Basic Materials Momentum ETF (PYZ) and State Street Materials Select Sector SPDR ETF (XLB) belong to the same industry segment: US Materials. Both ETFs have the same top 3 sector exposures: and Non-Energy Materials. PYZ is more expensive with a Total Expense Ratio (TER) of 0.78%, versus 0.08% for XLB. PYZ is up 7.71% year-to-date (YTD) with -$9M in YTD flows. XLB performs better with 12.34% YTD performance, and +$2.46B in YTD flows. Run a side-by-side ETF comparison of PYZ and XLB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PYZ vs XLB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PYZ XLB | -9.28%-2.55% | -6.16%-2.29% | +7.71%+12.34% | +19.14%+14.33% | +39.00%+28.40% | +54.80%+40.59% |
| Flows | PYZ XLB | -$2M+$324M | -$23M+$986M | -$9M+$2.46B | +$7M+$2.28B | -$95M+$1.62B | -$138M-$1.15B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PYZ XLB | +24.98%+19.33% | +26.57%+17.55% | +22.81%+17.17% | +25.40%+19.03% |
| Max drawdown | PYZ XLB | -11.35%-6.44% | -17.60%-12.34% | -26.82%-23.18% | -33.01%-24.78% |
| Max drawdown duration | PYZ XLB | 45d37d | 91d156d | 233d445d | 1184d679d |
Trading data
PYZ | XLB | |
Last sale 7/17/2026 at 1:30 PM | $118.21 | $50.53 |
| Previous close 07/16/2026 | $118.39 | $50.89 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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PYZ | XLB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
PYZ | XLB | |
|---|---|---|
| Last price | $118.21 | $50.53 |
| 1D performance | -0.15% | -0.71% |
| AuM | $73.34 M | $8.38 B |
| E/R | 0.78% | 0.08% |
Characteristics
PYZ | XLB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | Dorsey Wright Basic Materials Technical Leaders Index | S&P Materials Select Sector Index |
| N° of holdings | 42 | 26 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2006 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
PYZ
USA
96.21%
Other
3.79%
XLB
USA
78.58%
United Kingdom
16.24%
Other
5.18%
Sectors
PYZ
Non-Energy Materi.
100%
Other
-0%
XLB
Non-Energy Materi.
99.66%
Other
0.34%
Diversification
PYZ
Total weight of top 15 holdings out of 15
56.85%
XLB
Total weight of top 15 holdings out of 15
77.07%
Top 15 holdings
Data as of May 31, 2026
PYZ
Carpenter Technology Corp.
6.83%
ATI, Inc.
5.31%
CF Industries Holdings, Inc.
4.90%
Alcoa Corp.
4.56%
Steel Dynamics, Inc.
4.14%
USA Rare Earth, Inc.
4.08%
Corteva, Inc.
3.38%
Freeport-McMoRan, Inc.
3.25%
Solstice Advanced Materials, Inc.
3.05%
DuPont de Nemours, Inc.
3.01%
Hecla Mining Co.
2.99%
Coeur Mining, Inc.
2.98%
Century Aluminum Co.
2.87%
Newmont Corp.
2.85%
Albemarle Corp.
2.67%
XLB
Linde Plc
14.16%
Newmont Corp.
7.30%
Nucor Corp.
6.35%
Freeport-McMoRan, Inc.
5.75%
Vulcan Materials Co.
4.58%
CRH Plc
4.57%
Air Products & Chemicals, Inc.
4.38%
Steel Dynamics, Inc.
4.38%
Corteva, Inc.
4.34%
The Sherwin-Williams Co.
4.27%
Martin Marietta Materials, Inc.
4.24%
Ecolab, Inc.
4.04%
PPG Industries, Inc.
3.11%
Dow, Inc.
2.97%
Smurfit WestRock Plc
2.64%
Frequently asked questions about PYZ and XLB
How have the PYZ and XLB ETFs performed in 2026?
As of July 17, 2026, PYZ is up 7.71% year-to-date (YTD), while XLB has returned 12.34%. That puts XLB better performer ahead so far this year.
Which ETF is attracting more investor money: PYZ or XLB?
Year-to-date, the PYZ ETF saw -$9M in flows, compared to +$2.46B for XLB.
Which ETF is more volatile: PYZ or XLB?
Over the past year, PYZ had a volatility of 26.57%, while XLB experienced 17.55%.
Which ETF is bigger: PYZ or XLB?
As of July 17, 2026, PYZ holds $73.34 M in assets under management (AUM), while XLB manages $8.38 B.
What sectors do the PYZ and XLB ETFs invest in?
PYZ leans toward sectors like Non-Energy Materials. Meanwhile, XLB focuses on Non-Energy Materials.
What are the top holdings of the PYZ ETF and XLB ETF?
PYZ top holdings include Carpenter Technology Corp., ATI, Inc. and CF Industries Holdings, Inc.. XLB holds in its top three: Linde Plc, Newmont Corp. and Nucor Corp..
Which ETF is more diversified: PYZ or XLB?
PYZ holds 42 securities with 56.85% of its assets in the top 15. XLB has 26 securities and a top 15 weight of 77.07%.
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Latest news about PYZ & XLB
Investing in Sector ETFs: Energy, Industrials, & Materials
September 6, 2024
XLB
Tony's ETF Buyer's Guide: Sector ETFs (Vanguard versus State Street SPDR)
December 1, 2023
XLB
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