The State Street Global Advisors STATE STREET MATERIALS SELECT SECTOR SPDR ETF (XLB) is an exchange-traded fund (ETF) that tracks the performance of the its benchmark index. The fund is managed by State Street Global Advisors and was launched in an undisclosed date.

The fund tracks a benchmark index that defines the universe of eligible securities according to its published methodology.

XLB is a standard index ETF that aims to track the performance of its underlying index with low tracking error. The fund has a low expense ratio.