XLB vs XME: Holdings Overlap
XLBState Street® Materials Select Sector SPDR® ETF
State Street (SPDR) · 25 holdings · $8.4B · as of 2026-08-06
XMEState Street® SPDR® S&P® Metals & Mining ETF
State Street (SPDR) · 39 holdings · $4.0B · as of 2026-08-06
How similar are XLB and XME?
State Street® Materials Select Sector SPDR® ETF (XLB, by State Street (SPDR)) holds 25 positions; State Street® SPDR® S&P® Metals & Mining ETF (XME, by State Street (SPDR)) holds 39. They have 4 holdings in common, and by portfolio weight the two funds are 17.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 17.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4XLB holds 25 · XME holds 39
- Weight in Shared Holdings
- XLB 21%·XME 18%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in XLB
21 of 25 positions (78.5% of the fund) are not held by XME.
Sector Breakdown
| Sector | XLB | XME |
|---|---|---|
| Materials | 99.9% | 76.0% |
| Energy | 0.0% | 20.5% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 3.4% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of XLB, 3% of XME).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| XLB | +2.6% | +17.5% | +22.4% | +10.0% | +6.8% | +10.2% | 1.61% |
| XME | +12.9% | +11.8% | +49.0% | +31.5% | +22.7% | +16.4% | 0.32% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in XLB vs XME →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by NEM, FCX and NUE.
Frequently Asked Questions
How much do XLB and XME overlap?
XLB and XME overlap by 17.5% of portfolio weight. They share 4 holdings (XLB holds 25 positions and XME holds 39), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XLB and XME?
The two portfolios are 17.5% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of XLB and XME?
The largest positions held by both funds are NEM, FCX, NUE and STLD. Together the top 4 shared positions account for 100% of the total overlap.
What does XLB own that XME doesn't?
21 positions (78.5% of XLB) are unique to XLB, led by LIN, SHW and ECL. In the other direction, 35 positions (82.5% of XME) are unique to XME.