XME
State Street 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
$ 5.0 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Jun 19, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FREEPORT-MCMORAN COPPER | 4.8 % |
| ALCOA CORP. | 4.8 % |
| NUCOR CORP | 4.7 % |
| RELIANCE STEEL & ALUMINUM | 4.5 % |
| WARRIOR MET COAL, INC. | 4.5 % |
| NEWMONT MINING CORP | 4.5 % |
| STEEL DYNAMICS INC | 4.5 % |
| COMMERCIAL METALS CO | 4.3 % |
| CLEVELAND-CLIFFS INC | 4.2 % |
| ROYAL GOLD INC | 4.2 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 370 |
| Wgt avg mkt cap (mns) | $18,446 |
| Large cap (>$10bn) | 47.0% |
| Mid cap ($2-10bn) | 37.2% |
| Small cap (<$2bn) | 5.7% |
| Developed mkts. | 89.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 87.2 % |
 |
CANADA | 2.6 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.2% | 92.9% | 33.9% | 26.7% | 22.0% | 18.1% | -- | 4.5% |
| Dividend Yield | 0.1% | 0.8% | 0.7% | 0.8% | 1.1% | 1.5% | -- | 1.3% |
| Total Returns | 4.3% | 93.7% | 34.5% | 27.5% | 23.2% | 19.6% | -- | 5.8% | Ann. Volatility | 41.7% | 35.9% | 31.6% | 29.1% | 32.5% | 33.0% | -- | 38.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.15 | 37% |
| MSCI EAFE | 1.22 | 36% |
| MSCI Emg Mkts | 1.09 | 38% |
Liquidity Measures
| Avg. volume (000) | 2,022 |
| ADV traded (mns) | $238 |
| Turnover | 4.8% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $112.44 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 1.20/0.00 |
| Bollinger Bands (Upper/Lower) | $119.31/$100.90 |
| Short interest (% of AUM) | 20.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XME |
Expenses vs. XME |
ALTAR Score™ vs. XME |
|---|---|---|---|---|
| PYZ | Invesco Dorsey Wright Basic Materials Momentum ETF | 37.8% | +25 bp | -1.0% |
| FXZ | First Trust Materials AlphaDEX Fund | 25.8% | +26 bp | +0.8% |
| IYM | iShares U.S. Basic Materials ETF | 23.4% | +5 bp | -1.0% |
| FMAT | Fidelity MSCI Materials Index ETF | 21.7% | -27 bp | -0.3% |
| VAW | Vanguard Materials ETF | 21.5% | -26 bp | -0.4% |
| PSCM | Invesco S&P SmallCap Materials ETF | 18.7% | -6 bp | +3.5% |
| SLX | VanEck Steel ETF | 17.5% | +21 bp | +3.6% |
| XLB | Materials Select Sector SPDR | 17.1% | -27 bp | -0.1% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 15.6% | +5 bp | +0.0% |
| NANR | SPDR S&P North American Natural Resources ETF | 15.2% | 0 bp | +1.2% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 | --% |
Based on closing prices from 4/25/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
5.1%
ALTAR SCORE™
61st
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 585 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.6%. XME's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places XME in the 61st percentile
among funds in the category.
Sell-Side Consensus
$137.36
PRICE TARGET
+16.6%
UPSIDE