XLB vs XME overlap - what they share and where they differ
XLB and XME share 15.8% of their weight across 4 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
XLB and XME
15.8%
4 shared positions
XLB
State Street(R) Materials Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 26 positions · Jun 30, 2026
Top 10: 58.4%·Holdings of XLB
XME
State Street(R) SPDR(R) S&P(R) Metals & Mining ETF
Reported positions cover 100% of the fund, 39 positions · Jun 30, 2026
Top 10: 44.3%·Holdings of XME
Reported positions cover XLB 100%, XME 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XME vs XLB side by side
XLBState Street(R) Materials Select Sector SPDR(R) ETF
26
stock positions reported to the SEC
81.1% of its weight is in 22 names XME does not hold
XMEState Street(R) SPDR(R) S&P(R) Metals & Mining ETF
39
stock positions reported to the SEC
84.2% of its weight is in 35 names XLB does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Basic Materials: XME has 12.9 points more of it.
The figures side by side
| XLB | XME | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 26 | 39 |
| Weight of the ten largest | 58.4% | 44.3% |
| Largest position | LIN 14.1% | UEC 4.8% |
| Held alone | 22 positions, 81.1% | 35 positions, 84.2% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In XLB | In XME | Counted |
|---|---|---|---|
| FCXFreeport-McMoRan Inc | 5.30% | 4.26% | 4.26% |
| NEMNewmont Corp | 5.84% | 4.24% | 4.24% |
| NUENucor Corp | 3.88% | 3.74% | 3.74% |
| STLDSteel Dynamics Inc | 3.73% | 3.60% | 3.60% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in XLB
Only in XME
Questions people ask
Is XLB the same as XME?
15.8% of their weight sits in the same 4 holdings. XLB also reports LIN, CTVA, SHW, which the other does not. XME also reports UEC, HL, LEU, which the other does not.
How is the overlap between XLB and XME measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of XLB and 100% of XME, so the number cannot exceed the smaller coverage.
Which holds more, XME or XLB?
XLB reports 26 stock positions and XME reports 39. 81.1% of XLB's weight sits in names XME does not hold, and 84.2% of XME's weight in names XLB does not hold. The ten largest positions are 58.4% of XLB and 44.3% of XME.
How do XLB and XME differ by sector?
The widest gap is Basic Materials: XME has 12.9 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.