XLB vs GBTC
Comparison between STATE STREET(R) MATERIALS SELECT SECTOR SPDR(R) ETF (XLB, ETF) and Grayscale Investments LLC (GBTC, ETF).
5-Year PerformanceGBTC has outperformed XLB, delivering a return of +8.5% compared to +7.1%
XLB vs GBTC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XLB
$8.30B
Winner
GBTC
$8.40B
Expense Ratio
Winner
XLB
0.08%
GBTC
1.50%
Max Drawdown
Winner
XLB
60.72%
GBTC
89.91%
Sharpe Ratio
Winner
XLB
0.94
GBTC
-0.77
5Y Beta
Winner
XLB
0.79
GBTC
1.18
P/E Ratio
XLB
31.01
GBTC
N/A
Forward P/E
XLB
18.69
GBTC
N/A
PEG Ratio
XLB
-0.02
GBTC
N/A
5Y Dividends CAGR
XLB
5.29%
GBTC
N/A
5Y EPS CAGR
XLB
14.72%
GBTC
N/A
Debt to Equity
XLB
44.25%
GBTC
N/A
P/S Ratio
XLB
1.98
GBTC
N/A
P/B Ratio
XLB
3.00
GBTC
N/A
XLB vs GBTC - Holdings Comparison
XLB and GBTC have 0 common holdings. Overlap is 0.00%
XLB's top 25 holdings weight is 99.70%. GBTC's top 25 holdings weight is 12.55%.
| Rank | XLB | GBTC |
|---|---|---|
| #1 | LINDE PLC (LIN) - 12.88% | GRAYSCALE BITCOIN MINI TRUST (BTC) (BTC) - 12.55% |
| #2 | NEWMONT CORP (NEM) - 7.31% | N/A |
| #3 | FREEPORT-MCMORAN INC (FCX) - 5.78% | N/A |
| #4 | SHERWIN-WILLIAMS CO (SHW) - 5.12% | N/A |
| #5 | AIR PRODUCTS AND CHEMICALS INC (APD) - 4.75% | N/A |
| #6 | NUCOR CORP (NUE) - 4.69% | N/A |
| #7 | ECOLAB INC (ECL) - 4.68% | N/A |
| #8 | VULCAN MATERIALS CO (VMC) - 4.44% | N/A |
| #9 | CORTEVA INC (CTVA) - 4.38% | N/A |
| #10 | MARTIN MARIETTA MATERIALS INC (MLM) - 4.25% | N/A |
| #11 | CRH PLC (CRH) - 4.24% | N/A |
| #12 | STEEL DYNAMICS INC (STLD) - 4.24% | N/A |
| #13 | SMURFIT WESTROCK PLC (SW) - 3.43% | N/A |
| #14 | PPG INDUSTRIES INC (PPG) - 3.39% | N/A |
| #15 | PACKAGING CORP OF AMERICA (PKG) - 3.01% | N/A |
| #16 | DOW INC (DOW) - 2.92% | N/A |
| #17 | INTERNATIONAL PAPER CO (IP) - 2.89% | N/A |
| #18 | AMCOR PLC ORDINARY SHARES (AMCR) - 2.86% | N/A |
| #19 | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 2.84% | N/A |
| #20 | CF INDUSTRIES HOLDINGS INC (CF) - 2.45% | N/A |
| #21 | BALL CORP (BALL) - 2.20% | N/A |
| #22 | LYONDELLBASELL INDUSTRIES NV CLASS A (LYB) - 2.15% | N/A |
| #23 | ALBEMARLE CORP (ALB) - 2.01% | N/A |
| #24 | AVERY DENNISON CORP (AVY) - 1.84% | N/A |
| #25 | THE MOSAIC CO (MOS) - 0.95% | N/A |
| Total Holdings | 28 | 1 |
XLB vs GBTC - Historical Returns
Returns include dividend reinvestment.
1M
XLB
+6.87%
Winner
GBTC
+15.81%
3M
Winner
XLB
+7.44%
GBTC
-1.06%
6M
XLB
+1.92%
Winner
GBTC
+12.91%
1Y
Winner
XLB
+20.61%
GBTC
-32.32%
5Y(CAGR)
XLB
+7.12%
Winner
GBTC
+8.54%
10Y(CAGR)
XLB
+10.34%
Winner
GBTC
+51.58%
Max(CAGR)
XLB
+8.16%
Winner
GBTC
+55.30%
XLB vs GBTC - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | XLB | GBTC |
|---|---|---|
| 2026 | +17.03% | -14.98% |
| 2025 | +11.15% | -11.46% |
| 2024 | +0.32% | +100.87% |
| 2023 | +12.57% | +322.20% |
| 2022 | -11.15% | -75.81% |
| 2021 | +28.67% | -2.37% |
| 2020 | +21.95% | +301.00% |
| 2019 | +23.50% | +77.27% |
| 2018 | -16.06% | -84.05% |
| 2017 | +23.29% | +1558.98% |
| 2016 | +18.66% | +90.08% |
| 2015 | -8.81% | +50.01% |
| 2014 | +8.04% | N/A |
| 2013 | +22.92% | N/A |
| 2012 | +11.60% | N/A |
| 2011 | -11.64% | N/A |
| 2010 | +16.90% | N/A |
| 2009 | +42.96% | N/A |
| 2008 | -43.51% | N/A |
| 2007 | +22.87% | N/A |
| 2006 | +16.78% | N/A |
| 2005 | +5.14% | N/A |
| 2004 | +14.04% | N/A |
| 2003 | +33.88% | N/A |
| 2002 | -6.05% | N/A |
| 2001 | +4.21% | N/A |
| 2000 | -13.76% | N/A |
| 1999 | +11.31% | N/A |
XLB vs GBTC Drawdown Comparison
The maximum drawdown for XLB was -59.83%, occurring on Mar 2, 2009. Recovery took 1250 trading sessions.
The maximum drawdown for GBTC was -89.91%, occurring on Dec 14, 2018. Recovery took 766 trading sessions.
The current GBTC drawdown is -39.42%.
| Rank | XLB | GBTC |
|---|---|---|
| #1 | -59.83% May 20, 2008 - May 8, 2013 | -89.91% Dec 18, 2017 - Jan 5, 2021 |
| #2 | -37.25% Jan 26, 2018 - Jul 17, 2020 | -86.24% Feb 19, 2021 - Mar 4, 2024 |
| #3 | -36.56% Jan 6, 2000 - Dec 1, 2003 | -57.96% May 5, 2015 - Dec 8, 2015 |
| #4 | -26.87% Feb 24, 2015 - Dec 5, 2016 | -53.75% Oct 6, 2025 - Jun 30, 2026 |
| #5 | -24.73% Apr 20, 2022 - Feb 29, 2024 | -48.42% Aug 31, 2017 - Nov 3, 2017 |
| #6 | -23.17% Oct 18, 2024 - Jan 9, 2026 | -41.48% Jun 17, 2016 - Jan 3, 2017 |
| #7 | -16.84% Mar 4, 2005 - Jan 6, 2006 | -36.93% Dec 15, 2015 - Apr 21, 2016 |
| #8 | -15.78% Jul 19, 2007 - Oct 9, 2007 | -36.68% Jun 6, 2017 - Aug 10, 2017 |
| #9 | -15.48% May 10, 2006 - Nov 20, 2006 | -35.04% Mar 13, 2024 - Nov 11, 2024 |
| #10 | -15.02% Oct 31, 2007 - Apr 16, 2008 | -30.26% Jan 7, 2021 - Feb 8, 2021 |
| #11 | -12.38% Feb 11, 2026 - Aug 11, 2026 | -28.76% Jan 4, 2017 - May 1, 2017 |
| #12 | -12.19% Mar 1, 2004 - Sep 2, 2004 | -28.45% Dec 17, 2024 - May 21, 2025 |
| #13 | -11.96% Dec 31, 2021 - Apr 20, 2022 | -19.31% May 9, 2017 - May 22, 2017 |
| #14 | -10.99% Sep 24, 2014 - Feb 12, 2015 | -18.18% May 9, 2016 - May 31, 2016 |
| #15 | -10.14% May 17, 2021 - Nov 8, 2021 | -15.79% Nov 3, 2017 - Nov 20, 2017 |
Correlation
Correlation between XLB and GBTC is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (1999 - 2026)
XLB vs GBTC dividend yield comparison.
| Year | XLB | GBTC |
|---|---|---|
| 2026 | 0.75% | 0.00% |
| 2025 | 1.92% | 0.00% |
| 2024 | 1.92% | 0.00% |
| 2023 | 2.00% | 0.00% |
| 2022 | 2.26% | 0.00% |
| 2021 | 1.62% | 0.00% |
| 2020 | 1.72% | 0.00% |
| 2019 | 1.98% | 0.00% |
| 2018 | 2.20% | 0.00% |
| 2017 | 1.66% | 5.61% |
| 2016 | 1.95% | 0.00% |
| 2015 | 2.24% | 0.00% |
| 2014 | 1.97% | 0.00% |
| 2013 | 2.08% | 0.00% |
| 2012 | 2.27% | 0.00% |
| 2011 | 2.20% | 0.00% |
| 2010 | 3.07% | 0.00% |
| 2009 | 1.76% | 0.00% |
| 2008 | 3.60% | 0.00% |
| 2007 | 1.95% | 0.00% |
| 2006 | 3.25% | 0.00% |
| 2005 | 2.10% | 0.00% |
| 2004 | 1.70% | 0.00% |
| 2003 | 1.79% | 0.00% |
| 2002 | 2.29% | 0.00% |
| 2001 | 2.03% | 0.00% |
| 2000 | 4.22% | 0.00% |
| 1999 | 0.62% | 0.00% |
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