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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

SLX

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSSGA Funds Management Inc
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateJun 19, 2006
Assets (mns)$2,144
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  + 
PEABODY ENERGY CORPORATION 4.6 %
HECLA MINING CO 4.4 %
STEEL DYNAMICS INC 4.3 %
ALPHA METALLURGICAL RESOURCES, INC. 4.2 %
FREEPORT-MCMORAN COPPER 4.1 %
COMMERCIAL METALS CO 4.1 %
ARCH COAL INC CLASS A 4.1 %
ROYAL GOLD INC 4.0 %
RELIANCE STEEL & ALUMINUM 3.8 %
NEWMONT MINING CORP 3.8 %
Constituent Breakdown
Number of holdings33
Herfindahl-Hirschman Index 341
Wgt avg mkt cap (mns)$8,136
Large cap (>$10bn)20.1%
Mid cap ($2-10bn)51.1%
Small cap (<$2bn)28.4%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.6 %
Historical Performance


Standardized Annual Returns (as of 11/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
21.5% 32.5% 37.0% 26.5% 12.9% 4.1% 1.9%
Market Correlations
versus...BetaR-squared
S&P 5001.4656%
MSCI EAFE1.5562%
MSCI Emg Mkts1.1639%
Liquidity Measures
Avg. volume (000)4,251
Turnover10.7%
Avg. Bid/Ask (% of price)0.02%
ADV of underlying (mns)$3,066
Technical Indicators
Recent close$53.93
30d moving avg.$49.82
Annualized volatility41.0%
Relative strength (RSI)62
Short interest (ETF)23.8%
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
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
0.8 10.6 1.7 1.9% --
Based on closing prices from 11/30/2022
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

XME

6.1%

Cat. Avg

4.1%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.1%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 335 funds in the Global Equities category, with an average ALTAR Score™ of 4.1% and a standard deviation of 4.6%. XME's ALTAR Score™ is approximately 0.5 standard deviations above the category average. This places XME in the 67th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
XME
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
XME 35.0 2.3 37.3
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.