ETF Versus

GLD vs XLB

SPDR Gold Shares vs State Street Materials Select Sector SPDR ETF

Last updated: 2026-04-10

GLD SPDR

SPDR Gold Shares (GLD) is an exchange-traded fund issued by SPDR that provides exposure to gold securities. It charges an above-average expense ratio of 0.40%. Launched in 2004, the fund has a 22-year track record.

AUM: $162.2B ER: 0.40% Yield: N/A Since: Nov 18, 2004
XLB SPDR

State Street Materials Select Sector SPDR ETF (XLB) is an exchange-traded fund issued by SPDR that provides exposure to us sector - materials securities. It charges a low expense ratio of 0.08%. The fund offers a moderate dividend yield of 1.68%. Launched in 1998, the fund has a 28-year track record.

AUM: $7.0B ER: 0.08% Yield: 1.68% Since: Dec 16, 1998

Quick Verdict

XLB is significantly cheaper at 0.08% vs 0.40% expense ratio, saving you approximately $627 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 49.8% return vs 32.9%.

Key Metrics

Metric GLD XLB
Expense Ratio 0.40% 0.08%
Dividend Yield N/A 1.7%
Fund Family SPDR SPDR
Category Gold US Sector - Materials

Performance Chart

Indexed to 100 at start (5-year comparison)

80 126 172 218 264 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLD +169.9%
XLB +29.3%

Performance Comparison

Period GLD XLB Difference
1 Month -8.02% +4.22% -12.24%
3 Months +3.74% +7.06% -3.32%
6 Months +15.85% +17.75% -1.90%
YTD +9.98% +12.63% -2.65%
1 Year +49.83% +32.89% +16.94%
3 Years +135.15% +28.85% +106.30%
5 Years +169.92% +29.33% +140.59%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees XLB Fees You Save
$10,000 10 years $786 $159 $627
$10,000 20 years $3,334 $686 $2,648
$10,000 30 years $10,601 $2,212 $8,388
$50,000 10 years $3,932 $797 $3,135
$50,000 30 years $53,003 $11,061 $41,941
$100,000 30 years $106,005 $22,123 $83,882

Risk Metrics

Based on 5 years of daily returns

Metric GLD XLB
Annualized Volatility 17.8% 18.9%
Max Drawdown -21.0% -25.7%
Sharpe Ratio 0.96 0.13

Dividend Comparison

Metric GLD XLB
Annual Dividend (per share) $0.00 $0.87
Dividend Yield 0.00% 1.68%
Distribution Frequency None Quarterly

Top Holdings

XLB Top Holdings

NameWeight
Linde plcLIN14.06%
Newmont CorporationNEM7.76%
Freeport-McMoRan Inc.FCX5.63%
CRH plcCRH4.72%
Vulcan Materials CompanyVMC4.68%
The Sherwin-Williams CompanySHW4.66%
Air Products and Chemicals, Inc.APD4.60%
Corteva, Inc.CTVA4.60%
Nucor CorporationNUE4.57%
Martin Marietta Materials, Inc.MLM4.50%

Which One Should You Choose?

Choose XLB if...

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

Choose GLD if...

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

Related Comparisons