State Street Materials Select Sector SPDR Premium Income ETF
$23.07+0.14 (+0.61%)
- 0.35%
- $8M
- +12.4%
- 15.82%
- 0M sh
- $22.91
- low $22.15high $25.45
The ETF.net XLBI Grade
B
Score 66 out of 100
- 6 of 22
Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 1 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.A95 out of 100Rank 5 of 13Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 13 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D39 out of 100Rank 14 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C51 out of 100Rank 11 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 16 of 22
Our read on XLBI
BAn income motor bolted onto the materials sector: XLBI holds the original materials SPDR and writes calls on it, turning chemicals, mining and packaging swings into monthly distributions.
The fund seeks current income and long-term capital growth through an actively managed strategy that invests in the Materials Select Sector SPDR ETF and sells call options on that underlying ETF.
Why people hold it
- One holding, one trade. You own the materials sector SPDR and calls written against it, so the whole strategy fits in a sentence.ssga.com
- Charges 0.35%, level with the median of its options-income sector cohort and the same fee as top-ranked siblings XLVI and XLUI.
- Materials is a cyclical corner (chemicals, metals and mining, containers, construction materials), and choppier sectors tend to carry richer option premiums to sell.ssga.com
- Portfolio matches the label closely: one sector fund, calls on that same fund, no side bets. Distributions are paid monthly.
Worth knowing
- Written calls trade away part of a big rally. When the commodity cycle turns up hard, this keeps less of the move than the plain sector fund.ssga.com
- Launched in 2025, still small and thinly traded, so bid-ask spreads can run wider than in the giant covered-call funds.
- The underlying is a short, top-heavy list of S&P 500 materials names; its own documents flag sector and non-diversification risk.ssga.com
XLBI Holdings
- Stocks
- 2
- 100%
- XLB
Sectors
- Materials83.2%
- Consumer Discretionary16.8%
Geography
- United States100.00%
XLBI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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XLBI$11,236
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XLBI |
|---|---|
| Year to date | +7.4% |
| 1 month | −1.9% |
| 3 months | −0.4% |
| 1 year | +12.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XLBI |
|---|---|---|
| 2026 YTD | +7.4% | |
| 2025 | +4.2% |
XLBI in the news
XLBI Dividends
- 15.82%
- $3.63
- $0.30 per share
- Monthly
Distribution history
XLBI Risk
- 13.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.49
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −10.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.36
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XLBI Cost
0.35%
XLBI0.35%
- The middle half of Sector Option Income funds
- Median 0.47%
No Sector Option Income fund charges less.
Other funds in Sector Option Income
- BXLEIState Street Energy Select Sector SPDR Premium Income ETFExpense ratio 0.35%1 year return +47.8%
- BXLFIState Street Financial Select Sector SPDR Premium Income ETFExpense ratio 0.35%1 year return +6.8%
- BXLYIState Street Consumer Discretionary Select Sector SPDR Premium Income ETFExpense ratio 0.35%1 year return +3.0%
- BXLUIState Street Utilities Select Sector SPDR Premium Income ETFExpense ratio 0.35%1 year return +0.8%
- BXLKIState Street Technology Select Sector SPDR Premium Income ETFExpense ratio 0.35%1 year return +27.2%