Materials Select Sector SPDR® Fund (XLB)

Look-through valuation · Sector · Expense ratio 0.09 % · ISIN US81369Y1001

XLB Materials Select Sector SPDR® Fund XLB overvalued

Holdings vs fair value −39.9 % weighted average

Quality 58/100 avg alpha quality

Expense ratio 0.09 % per year (TER)

Fund size $ 7.8B yield 1.67 %

The look-through covers 90 % of the fund by weight (23 of 25 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 1998)

Monthly close since 1998. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding	Weight	vs fair value	Quality
Linde plc Ordinary Shares LIN	14.3 %	−56.5 %	71
Newmont Goldcorp Corp NEM	5.9 %	+18.5 %	68
Freeport-McMoran Copper & Gold Inc FCX	5.1 %	−62.6 %	52
Corteva Inc CTVA	5.1 %	−67.1 %	71
Air Products and Chemicals Inc APD	4.8 %	−13.8 %	45
Sherwin-Williams Co SHW	4.7 %	−56.9 %	59
Vulcan Materials Company VMC	4.7 %	−58.7 %	61
Ecolab Inc ECL	4.6 %	−61.5 %	60
Martin Marietta Materials Inc MLM	4.5 %	−61.6 %	51
CRH PLC CRH	4.5 %	n/a	n/a
Nucor Corp NUE	4.1 %	−51.0 %	63
Steel Dynamics Inc STLD	3.8 %	−40.7 %	62
PPG Industries Inc PPG	3.4 %	−36.8 %	70
Smurfit WestRock plc SW	3.0 %	−55.8 %	36
Dow Inc DOW	2.9 %	+41.6 %	38
Packaging Corp of America PKG	2.7 %	−45.6 %	59
AMCOR PLC DL -,01 4850	2.6 %	n/a	n/a
International Paper IP	2.6 %	−49.1 %	25
International Flavors & Fragrances Inc IFF	2.6 %	−40.4 %	50
CF Industries Holdings Inc CF	2.5 %	+36.6 %	76
Ball Corporation BALL	2.2 %	−38.7 %	57
LyondellBasell Industries NV LYB	2.0 %	−60.0 %	42
Albemarle Corp ALB	2.0 %	−17.7 %	51
Avery Dennison Corp AVY	1.6 %	−26.5 %	58
The Mosaic Company MOS	1.0 %	+25.5 %	43

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 25 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Materials Select Sector SPDR® Fund an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.