XME

SPDR S&P Metals & Mining ETF

SPDR Metals & Mining ETF objective is to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index, an equal-weighted index.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

1.8 B

ASSETS UNDER MGMT

35 bp

EXPENSES
Fund Basics
Fund sponsorSSGA Funds Management Inc
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJun 19, 2006
Assets (mns)$1,804
Expense ratio35 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ALCOA CORP. 5.2 %
FREEPORT-MCMORAN COPPER 5.1 %
CARPENTER TECHNOLOGY 4.9 %
STEEL DYNAMICS INC 4.9 %
WARRIOR MET COAL, INC. 4.8 %
ALLEGHENY TECHNOLOGIES INC 4.7 %
CLEVELAND-CLIFFS INC 4.7 %
COMMERCIAL METALS CO 4.6 %
PEABODY ENERGY CORPORATION 4.6 %
NUCOR CORP 4.6 %
Constituent Breakdown
Number of holdings34
Herfindahl-Hirschman Index 399
Wgt avg mkt cap (mns)$13,546
Large cap (>$10bn)28.6%
Mid cap ($2-10bn)57.0%
Small cap (<$2bn)14.4%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 97.7 %
CANADA 0.7 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 7.0% 22.6% 24.1% 16.7% 21.7% 7.3% 2.8%
Volatility 22.6% 23.2% 30.8% 32.4% 36.2% 33.3% --
Market Correlations
versus...BetaR-squared
S&P 5001.1738%
MSCI EAFE1.3145%
MSCI Emg Mkts0.9422%
Liquidity Measures
Avg. volume (000)2,298
Turnover8.1%
Avg. Bid/Ask (% of price)0.02%
ADV of underlying (mns)$2,804
Technical Indicators
Recent close$63.73
30d moving avg.$58.65
Annualized volatility34.3%
Relative strength (RSI)46
Short interest (ETF)22.4%
Short interest (underlying)11.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: XME vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.1 14.5 1.6 1.5% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
XME



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

XME

8.8%

Cat. Avg

4.1%


ALTAR Score™ Calculation

Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™ of 4.1% and a standard deviation of 4.6%. XME's ALTAR Score™ is approximately 1.0 standard deviations above the category average. This places XME in the 85th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

XME
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
XME (35 bp) Percentile rank 13
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
XME 35.0 2.0 37
Peer Avg. 56.5 39.6 96.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .