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SMN vs XLBI

ProShares UltraShort Materials vs State Street Materials Select Sector SPDR Premium Income ETF

SMN

ProShares UltraShort Materials

Annual cost

0.95%

Fund size

$3M

XLBI

State Street Materials Select Sector SPDR Premium Income ETF

Annual cost

0.35%

Fund size

$6M

Key differences

  • XLBI costs 0.60% less per year.
  • SMN is classified as equity, while XLBI is alternative — different risk/return profiles.
  • SMN follows a inverse strategy; XLBI uses option income.
  • SMN has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SMNXLBI
Annual cost (TER)0.95%0.35%
Fund size (AUM)$3M$6M
Since20072025
Dividend yield4.58%
Asset classequityalternative
Regionnorth americanorth america
Strategyinverseoption income
CAGR 1Y-31.2%N/A
CAGR 3Y-16.8%N/A
CAGR 5Y-14.9%N/A
Sharpe 3Y-0.46N/A
Volatility 1Y34.14%
Max drawdown-95.39%-10.63%

Similar to SMN and XLBI