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
$ 3.4 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 +
| CLEVELAND-CLIFFS INC | 6.8 % |
| RELIANCE STEEL & ALUMINUM | 6.4 % |
| NUCOR CORP | 6.1 % |
| STEEL DYNAMICS INC | 6.0 % |
| COMMERCIAL METALS CO | 5.3 % |
| ROYAL GOLD INC | 5.0 % |
| NEWMONT MINING CORP | 4.8 % |
| FREEPORT-MCMORAN COPPER | 4.7 % |
| ALCOA CORP. | 4.5 % |
| MATERION CORP | 4.4 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 419 |
| Wgt avg mkt cap (mns) | $22,032 |
| Large cap (>$10bn) | 44.8% |
| Mid cap ($2-10bn) | 41.3% |
| Small cap (<$2bn) | 7.5% |
| Developed mkts. | 93.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 92.5 % |
 |
CANADA | 1.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.0% | 11.1% | 27.5% | 25.4% | 19.9% | 14.6% | 4.7% | 4.2% |
| Dividend Yield | 0.2% | 0.4% | 0.5% | 0.6% | 1.1% | 1.4% | 1.3% | 1.3% |
| Total Returns | 0.2% | 11.5% | 28.0% | 26.0% | 21.0% | 16.0% | 6.0% | 5.5% | Ann. Volatility | 38.9% | 38.6% | 34.3% | 31.6% | 32.8% | 32.9% | 38.3% | 38.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.78 | 36% |
| MSCI EAFE | 1.53 | 40% |
| MSCI Emg Mkts | 0.99 | 42% |
Liquidity Measures
| Avg. volume (000) | 1,615 |
| ADV traded (mns) | $146 |
| Turnover | 4.3% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $102.51 |
| Relative strength (RSI) | 40 |
| MACD/Signal | -2.59/-2.67 |
| Bollinger Bands (Upper/Lower) | $106.75/$94.61 |
| Short interest (% of AUM) | 14.2% |
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 | 40.1% | +44 bp | +1.5% |
| FXZ | First Trust Materials AlphaDEX Fund | 33.8% | +29 bp | +1.8% |
| IYM | iShares U.S. Basic Materials ETF | 26.2% | +2 bp | +0.1% |
| VAW | Vanguard Materials ETF | 24.3% | -26 bp | +0.8% |
| FMAT | Fidelity MSCI Materials Index ETF | 24.1% | -27 bp | +1.0% |
| SLX | VanEck Steel ETF | 22.5% | +29 bp | +5.2% |
| XLB | Materials Select Sector SPDR | 19.1% | -27 bp | +1.3% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 16.4% | +4 bp | +4.1% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 15.3% | +5 bp | +2.2% |
| PSCM | Invesco S&P SmallCap Materials ETF | 15.2% | -6 bp | +6.1% |
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 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
4.6%
ALTAR SCORE™
47th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. XME's ALTAR Score™ is approximately -0.1 standard
deviations above the category average. This places XME in the 47th percentile
among funds in the category.
Sell-Side Consensus
$128.64
PRICE TARGET
+42.3%
UPSIDE