XLBvsFMATETF Comparison
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State Street Materials Select Sector SPDR ETF (XLB) and Fidelity MSCI Materials Index ETF (FMAT) belong to the same industry segment: US Materials. Both ETFs have the same top 3 sector exposures: and Materials. Both XLB and FMAT have the same Total Expense Ratio (TER) of 0.08%. XLB is up 13.77% year-to-date (YTD) with +$1.31B in YTD flows. FMAT performs worse with 12.31% YTD performance, and +$95M in YTD flows. Run a side-by-side ETF comparison of XLB and FMAT 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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XLB vs FMAT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLB FMAT | +1.75%+5.52% | +3.88%+3.47% | +13.77%+12.31% | +25.33%+26.97% | +35.26%+38.48% | +34.60%+39.86% |
| Flows | XLB FMAT | +$656M+$59M | +$1.02B+$83M | +$1.31B+$95M | +$1.31B+$103M | +$369M+$7M | -$1.26B+$55M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLB FMAT | +19.28%+21.25% | +16.40%+17.19% | +16.89%+17.60% | +18.87%+19.62% |
| Max drawdown | XLB FMAT | -12.34%-13.46% | -12.34%-13.46% | -23.18%-23.21% | -24.78%-25.40% |
| Max drawdown duration | XLB FMAT | 79d60d | 79d60d | 445d430d | 679d679d |
Trading data
XLB | FMAT | |
Last sale 5/1/2026 at 1:30 PM | $51.35 | $59.32 |
| Previous close 04/29/2026 | $51.47 | $59.45 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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XLB | FMAT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
XLB | FMAT | |
|---|---|---|
| Last price | $51.35 | $59.32 |
| 1D performance | -0.23% | -0.22% |
| AuM | $7.38 B | $606.19 M |
| E/R | 0.08% | 0.08% |
Characteristics
XLB | FMAT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Fidelity |
| Benchmark | S&P Materials Select Sector Index | MSCI USA IMI Materials 25/50 |
| N° of holdings | 24 | 87 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 1998 | October 21, 2013 |
| ESG | No | No |
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Exposure
Countries
XLB
USA
73.34%
Ireland
21.54%
Other
5.12%
FMAT
USA
72.74%
Ireland
21.62%
Other
5.63%
Sectors
XLB
Materials
80.45%
Other
19.55%
FMAT
Materials
77.83%
Other
22.17%
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Diversification
XLB
Total weight of top 15 holdings out of 15
75.64%
FMAT
Total weight of top 15 holdings out of 15
64.84%
Top 15 holdings
Data as of March 31, 2026
XLB
IE000S9YS762
14.42%
NEWMONT CORP
7.36%
FREEPORT-MCMORAN INC
5.26%
CORTEVA INC
4.75%
AIR PRODUCTS AND CHEMICALS
4.64%
SHERWIN WILLIAMS
4.60%
CRH PLC
4.51%
VULCAN MATERIALS
4.51%
MARTIN MARIETTA
4.40%
NUCOR
4.39%
ECOLAB
4.29%
DOW INC
3.75%
STEEL DYNAMICS
3.10%
PPG INDUSTRIES
3.01%
ALBEMARLE
2.65%
FMAT
IE000S9YS762
15.55%
NEWMONT CORP
7.29%
FREEPORT-MCMORAN INC
5.39%
SHERWIN WILLIAMS
5.06%
CRH PLC
4.65%
ECOLAB
4.53%
AIR PRODUCTS AND CHEMICALS
4.39%
CORTEVA INC
3.76%
NUCOR
2.55%
VULCAN MATERIALS
2.37%
MARTIN MARIETTA
2.35%
DOW INC
1.89%
CH1430134226
1.85%
STEEL DYNAMICS
1.63%
PPG INDUSTRIES
1.59%
Frequently asked questions about XLB and FMAT
How have the XLB and FMAT ETFs performed in 2026?
As of May 1, 2026, XLB is up 13.77% year-to-date (YTD), while FMAT has returned 12.31%. That puts XLB better performer ahead so far this year.
Which ETF is attracting more investor money: XLB or FMAT?
Year-to-date, the XLB ETF saw +$1.31B in flows, compared to +$95M for FMAT.
Which ETF is more volatile: XLB or FMAT?
Over the past year, XLB had a volatility of 16.4%, while FMAT experienced 17.19%.
Which ETF is bigger: XLB or FMAT?
As of May 1, 2026, XLB holds $7.38 B in assets under management (AUM), while FMAT manages $606.19 M.
What sectors do the XLB and FMAT ETFs invest in?
XLB leans toward sectors like Materials. Meanwhile, FMAT focuses on Materials.
What are the top holdings of the XLB ETF and FMAT ETF?
XLB top holdings include IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC. FMAT holds in its top three: IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC.
Which ETF is more diversified: XLB or FMAT?
XLB holds 25 securities with 75.64% of its assets in the top 15. FMAT has 104 securities and a top 15 weight of 64.84%.
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Latest news about XLB & FMAT
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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