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
$ 5.6 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 | 5.8 % |
| NUCOR CORP | 5.7 % |
| STEEL DYNAMICS INC | 5.6 % |
| RELIANCE STEEL & ALUMINUM | 4.9 % |
| ALCOA CORP. | 4.6 % |
| COMMERCIAL METALS CO | 4.5 % |
| USA RARE EARTH INC | 4.5 % |
| WARRIOR MET COAL, INC. | 4.4 % |
| FREEPORT-MCMORAN COPPER | 4.2 % |
| MP MATERIALS CORP CLASS A | 4.1 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 371 |
| 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. | 90.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 88.7 % |
 |
CANADA | 2.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.8% | 108.3% | 39.4% | 41.2% | 21.9% | 19.0% | -- | 5.3% |
| Dividend Yield | 0.1% | 0.9% | 0.7% | 0.9% | 1.1% | 1.5% | -- | 1.3% |
| Total Returns | 20.9% | 109.2% | 40.1% | 42.1% | 23.0% | 20.5% | -- | 6.6% | Ann. Volatility | 39.1% | 34.5% | 32.7% | 29.7% | 32.5% | 32.8% | -- | 38.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.59 | 30% |
| MSCI EAFE | 1.26 | 30% |
| MSCI Emg Mkts | 1.02 | 35% |
Liquidity Measures
| Avg. volume (000) | 2,235 |
| ADV traded (mns) | $297 |
| Turnover | 5.3% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $118.66 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 1.59/0.90 |
| Bollinger Bands (Upper/Lower) | $128.64/$110.78 |
| 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 | 36.1% | +25 bp | -0.6% |
| FXZ | First Trust Materials AlphaDEX Fund | 28.1% | +26 bp | +1.0% |
| IYM | iShares U.S. Basic Materials ETF | 24.8% | +5 bp | -0.5% |
| VAW | Vanguard Materials ETF | 22.8% | -26 bp | +0.3% |
| FMAT | Fidelity MSCI Materials Index ETF | 21.9% | -27 bp | +0.3% |
| SLX | VanEck Steel ETF | 20.3% | +21 bp | +3.3% |
| PSCM | Invesco S&P SmallCap Materials ETF | 18.4% | -6 bp | +4.1% |
| XLB | Materials Select Sector SPDR | 18.0% | -27 bp | +0.5% |
| NANR | SPDR S&P North American Natural Resources ETF | 15.7% | 0 bp | +1.7% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 15.1% | +5 bp | +0.6% |
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 6/3/2026
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
4.5%
ALTAR SCORE™
54th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% 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 54th percentile
among funds in the category.
Sell-Side Consensus
$141.38
PRICE TARGET
+6.4%
UPSIDE