VAWvsXLBIETF Comparison
VS
ETF 2
XLBI
State Street Materials Select Sector SPDR Premium Income Fund
This fund is part of
Options Strategies
-0.08%
Vanguard Materials ETF (VAW) belongs to the US Materials segment. State Street Materials Select Sector SPDR Premium Income Fund (XLBI) is part of the Options Strategies segment. VAW's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, XLBI's top sector exposures are Non-Energy Materials, VAW is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.35% for XLBI. VAW is up 11.81% year-to-date (YTD) with -$115M in YTD flows. XLBI performs worse with 10.08% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of VAW and XLBI 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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VAW vs XLBI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VAW XLBI | +1.16%+2.82% | -0.54%+3.78% | +11.81%+10.08% | +15.82%+14.59% | +28.67%n/a | +38.91%n/a |
| Flows | VAW XLBI | -$31M+$946K | -$35M+$2M | -$115M+$6M | -$180M+$8M | -$663M- | -$1.29B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VAW XLBI | +20.99%+18.43% | +18.62%+14.15% | +17.88%n/a | +19.82%n/a |
| Max drawdown | VAW XLBI | -6.63%-5.37% | -13.41%-10.72% | -23.20%n/a | -25.44%n/a |
| Max drawdown duration | VAW XLBI | 42d31d | 149d102d | 430dn/a | 679dn/a |
Trading data
VAW | XLBI | |
Last sale 7/29/2026 at 1:30 PM | $227.21 | $24.09 |
| Previous close 07/28/2026 | $230.36 | $24.29 |
| Consolidated volume 07/28/2026 | ||
| 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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XLBI
is actively managed and doesn’t replicate an indexVAW | XLBI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
VAW | XLBI | |
|---|---|---|
| Last price | $227.21 | $24.09 |
| 1D performance | -1.37% | -0.83% |
| AuM | $3.02 B | $8.00 M |
| E/R | 0.09% | 0.35% |
Characteristics
VAW | XLBI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | State Street Investment Management |
| Benchmark | MSCI US IMI Materials 25/50 Index | - |
| N° of holdings | 111 | 25 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 26, 2004 | July 30, 2025 |
| ESG | No | No |
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Exposure
Countries
VAW
USA
78.25%
United Kingdom
16.58%
Other
5.17%
XLBI
USA
79.93%
United Kingdom
16.81%
Other
3.27%
Sectors
VAW
Non-Energy Materi.
97.59%
Other
2.41%
XLBI
Non-Energy Materi.
103.01%
Other
-3.01%
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Diversification
VAW
Total weight of top 15 holdings out of 15
65.49%
XLBI
Total weight of top 15 holdings out of 15
80.05%
Top 15 holdings
Data as of June 30, 2026
VAW
Linde Plc
15.69%
Newmont Corp.
6.58%
Freeport-McMoRan, Inc.
5.90%
The Sherwin-Williams Co.
5.28%
CRH Plc
4.67%
Ecolab, Inc.
4.62%
Air Products & Chemicals, Inc.
3.87%
Corteva, Inc.
3.71%
Nucor Corp.
3.23%
Vulcan Materials Co.
2.51%
Martin Marietta Materials, Inc.
2.27%
Steel Dynamics, Inc.
2.06%
PPG Industries, Inc.
1.77%
Amrize Ltd.
1.73%
Smurfit WestRock Plc
1.58%
XLBI
Linde Plc
14.88%
Newmont Corp.
6.18%
Freeport-McMoRan, Inc.
5.61%
Corteva, Inc.
5.25%
The Sherwin-Williams Co.
5.23%
Ecolab, Inc.
5.00%
Vulcan Materials Co.
4.99%
CRH Plc
4.94%
Air Products & Chemicals, Inc.
4.86%
Martin Marietta Materials, Inc.
4.81%
Nucor Corp.
4.10%
Steel Dynamics, Inc.
3.95%
PPG Industries, Inc.
3.83%
Smurfit WestRock Plc
3.44%
Packaging Corporation of America
2.99%
Frequently asked questions about VAW and XLBI
How have the VAW and XLBI ETFs performed in 2026?
As of July 28, 2026, VAW is up 11.81% year-to-date (YTD), while XLBI has returned 10.08%. That puts VAW better performer ahead so far this year.
Which ETF is attracting more investor money: VAW or XLBI?
Year-to-date, the VAW ETF saw -$115M in flows, compared to +$6M for XLBI.
Which ETF is more volatile: VAW or XLBI?
Over the past year, VAW had a volatility of 18.62%, while XLBI experienced 14.15%.
Which ETF is bigger: VAW or XLBI?
As of July 28, 2026, VAW holds $3.02 B in assets under management (AUM), while XLBI manages $8.00 M.
What sectors do the VAW and XLBI ETFs invest in?
VAW leans toward sectors like Non-Energy Materials. Meanwhile, XLBI focuses on Non-Energy Materials.
What are the top holdings of the VAW ETF and XLBI ETF?
VAW top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. XLBI holds in its top three: Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc..
Which ETF is more diversified: VAW or XLBI?
VAW holds 111 securities with 65.49% of its assets in the top 15. XLBI has 25 securities and a top 15 weight of 80.05%.
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Latest news about VAW & XLBI
Tony's ETF Buyer's Guide: Sector ETFs (Vanguard versus State Street SPDR)
December 1, 2023
VAW
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