Just three of XLB’s top-10 holdings – DuPont, Monsanto (NYSE: MON) and Ecolab (NYSE: ECL) – have traded lower this month.
XLB is also getting help from a resurgent Freeport-McMoRan (NYSE: FCX), a stock that has recently been displaying impressive relative strength and positive momentum relative to the broader market. Over the past 90 days, Freeport is up more than 11% and is higher by 2% this month. [Copper Call for ETFs]
Investors have embraced XLB as the ETF has hauled in $448.5 million in new assets this year.
Materials Select Sector SPDR
