ETF Versus

SPYV vs XLB

State Street SPDR Portfolio S&P 500 Value ETF vs State Street Materials Select Sector SPDR ETF

Last updated: 2026-04-02

SPYV State Street

State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.82%. Launched in 2000, the fund has a 26-year track record.

AUM: N/A ER: 0.04% Yield: 1.82% Since: 2000-10-02
XLB State Street

State Street Materials Select Sector SPDR ETF (XLB) is an exchange-traded fund issued by State Street that provides exposure to us sector - materials securities. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 1.74%. Launched in 1998, the fund has a 28-year track record.

AUM: N/A ER: 0.09% Yield: 1.74% Since: 1998-12-22

Quick Verdict

SPYV has a slightly lower expense ratio (0.04% vs 0.09%), saving about $99 per $10,000 over 10 years. Over the past year, XLB has significantly outperformed with a 15.8% return vs 10.5%.

Key Metrics

Metric SPYV XLB
Expense Ratio 0.04% 0.09%
Dividend Yield 1.8% 1.7%
Fund Family State Street State Street
Category US Large Cap Value US Sector - Materials

Performance Chart

Indexed to 100 at start (5-year comparison)

85 99 113 127 141 155 2021-04 2022-06 2023-10 2024-12 2026-04
SPYV +47.1%
XLB +25.2%

Performance Comparison

Period SPYV XLB Difference
1 Month -3.85% -3.00% -0.85%
3 Months -0.53% +9.24% -9.77%
6 Months +1.52% +12.23% -10.71%
YTD -0.53% +9.24% -9.77%
1 Year +10.49% +15.80% -5.31%
3 Years +39.08% +24.13% +14.95%
5 Years +47.13% +25.21% +21.92%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPYV Fees XLB Fees You Save
$10,000 10 years $80 $179 $99
$10,000 20 years $344 $771 $427
$10,000 30 years $1,112 $2,486 $1,373
$50,000 10 years $399 $896 $497
$50,000 30 years $5,560 $12,428 $6,867
$100,000 30 years $11,121 $24,855 $13,734

Risk Metrics

Based on 5 years of daily returns

Metric SPYV XLB
Annualized Volatility 14.4% 18.9%
Max Drawdown -19.1% -25.7%
Sharpe Ratio 0.30 0.10

Dividend Comparison

Metric SPYV XLB
Annual Dividend (per share) $1.03 $0.87
Dividend Yield 1.82% 1.74%
Distribution Frequency Quarterly Quarterly

Which One Should You Choose?

Choose SPYV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose XLB if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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