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XLB correlations (Materials Select Sector SPDR Fund)

Which assets move with XLB and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · Sector

Volatility (ann.)
16.7%
3y weekly
Beta vs S&P 500
0.72
3y weekly
1-year return
+17.6%
price, adjusted
5-year return
+36.9%
price, adjusted
Expense ratio
0.08%
annual
Assets
$8.3B
under management
Dividend yield
1.68%
trailing
Max drawdown
-23.2%
3y, daily closes
-6%0%+19%2025-09-052026-08-27
XLB over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with XLB

AssetCorrelation (3Y)
VTVVanguard Value ETF0.83
RSPInvesco S&P 500 Equal Weight ETF0.83
MDYSPDR S&P MidCap 400 ETF0.81
DGROiShares Core Dividend Growth ETF0.81
VYMVanguard High Dividend Yield ETF0.81
SPYVSPDR Portfolio S&P 500 Value ETF0.80
PPGPPG Industries0.78
GGZGabelli Global Small and Mid Cap Value Trust (The)0.78
GDVGabelli Dividend & Income Trust0.78
RVTRoyce Small-Cap Trust, Inc.0.77
AVNTAvient Corporation0.77
XLIIndustrial Select Sector SPDR Fund0.77
EMNEastman Chemical Company0.77
FUNDSprott Focus Trust, Inc. - Closed End Fund0.77
VIGVanguard Dividend Appreciation ETF0.77

Best diversifiers for XLB

These are the assets whose returns had the least to do with XLB's, historically the most independent picks in our universe.

AssetCorrelation (3Y)
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.54
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.54
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.32
MOBXMobix Labs, Inc.-0.18
BATLBattalion Oil Corporation-0.16
WHLRWheeler Real Estate Investment Trust, Inc.-0.16
ANNAAleAnna, Inc.-0.16
USOUnited States Oil Fund-0.16
TCRTAlaunos Therapeutics, Inc.-0.15
DGZDB Gold Short ETN due February 15, 2038-0.15

XLB vs benchmarks

XLB vs SPY 0.62 XLB vs QQQ 0.47

XLB vs its peers

XLB vs XLI 0.77 XLB vs XLRE 0.63 XLB vs XLF 0.61 XLB vs XLV 0.58 XLB vs XLP 0.57

Get XLB data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/xlb.json

Correlations, diversifiers, beta and volatility for XLB, plus one endpoint per pair. API documentation.

XLB holdings overlap with other ETFs

ETFOverlapCorrelation (3Y)
XLB vs RSPInvesco S&P 500 Equal Weight ETF5.1%0.83
XLB vs DIASPDR Dow Jones Industrial Average ETF3.9%0.73
XLB vs SPYVSPDR Portfolio S&P 500 Value ETF3.6%0.80
XLB vs VTVVanguard Value ETF3.0%0.83
XLB vs VYMVanguard High Dividend Yield ETF3.0%0.81
XLB vs VIGVanguard Dividend Appreciation ETF2.8%0.77
XLB vs USMViShares MSCI USA Min Vol Factor ETF2.6%0.70
XLB vs MTUMiShares MSCI USA Momentum Factor ETF2.4%0.51
XLB vs DGROiShares Core Dividend Growth ETF2.2%0.81
XLB vs SPYSPDR S&P 500 ETF Trust1.9%0.62
XLB vs IVViShares Core S&P 500 ETF1.8%0.62
XLB vs VOOVanguard S&P 500 ETF1.8%0.62
XLB vs QUALiShares MSCI USA Quality Factor ETF1.7%0.65
XLB vs VTIVanguard Total Stock Market ETF1.6%0.65
XLB vs ACWIiShares MSCI ACWI ETF1.1%0.70
XLB vs QQQInvesco QQQ Trust1.0%0.47
XLB vs QQQMInvesco Nasdaq 100 ETF1.0%0.47
XLB vs VTVanguard Total World Stock ETF1.0%0.72
XLB vs VUGVanguard Growth ETF0.5%0.43
XLB vs SPYGSPDR Portfolio S&P 500 Growth ETF0.4%0.45
XLB vs EFAiShares MSCI EAFE ETF0.1%0.75
XLB vs IEFAiShares Core MSCI EAFE ETF0.1%0.75
XLB vs EEMiShares MSCI Emerging Markets ETF0%0.59
XLB vs EWJiShares MSCI Japan ETF0%0.60
XLB vs FXIiShares China Large-Cap ETF0%0.35
XLB vs IBBiShares Biotechnology ETF0%0.58
XLB vs ICLNiShares Global Clean Energy ETF0%0.45
XLB vs IEMGiShares Core MSCI Emerging Markets ETF0.0%0.59
XLB vs IWMiShares Russell 2000 ETF0%0.74
XLB vs MDYSPDR S&P MidCap 400 ETF0%0.81
XLB vs SCHDSchwab US Dividend Equity ETF0%0.75
XLB vs SOXXiShares Semiconductor ETF0%0.48
XLB vs VEAVanguard FTSE Developed Markets ETF0.0%0.76
XLB vs VNQVanguard Real Estate ETF0%0.64
XLB vs VWOVanguard FTSE Emerging Markets ETF0.0%0.61
XLB vs XLCCommunication Services Select Sector SPDR Fund0%0.42
XLB vs XLEEnergy Select Sector SPDR Fund0%0.30
XLB vs XLFFinancial Select Sector SPDR Fund0%0.61
XLB vs XLIIndustrial Select Sector SPDR Fund0%0.77
XLB vs XLKTechnology Select Sector SPDR Fund0%0.42
XLB vs XLPConsumer Staples Select Sector SPDR Fund0%0.57
XLB vs XLREReal Estate Select Sector SPDR Fund0%0.63
XLB vs XLUUtilities Select Sector SPDR Fund0%0.44
XLB vs XLVHealth Care Select Sector SPDR Fund0%0.58
XLB vs XLYConsumer Discretionary Select Sector SPDR Fund0%0.53