XME vs GNR
Comparison between STATE STREET(R) SPDR(R) S&P(R) METALS & MINING ETF (XME, ETF) and STATE STREET(R) SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF (GNR, ETF).
5-Year PerformanceXME has outperformed GNR, delivering a return of +20.5% compared to +10.1%
XME vs GNR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XME
$4.40B
Winner
GNR
$4.50B
Expense Ratio
Winner
XME
0.35%
GNR
0.40%
Max Drawdown
XME
87.34%
Winner
GNR
60.61%
Sharpe Ratio
XME
0.95
Winner
GNR
1.34
5Y Beta
XME
1.25
Winner
GNR
0.68
P/E Ratio
XME
126.09
Winner
GNR
20.08
Forward P/E
XME
13.69
Winner
GNR
12.66
5Y Dividends CAGR
XME
2.31%
Winner
GNR
5.89%
5Y EPS CAGR
XME
25.99%
GNR
N/A
Debt to Equity
XME
32.21%
GNR
N/A
P/S Ratio
XME
1.65
Winner
GNR
0.02
P/B Ratio
XME
2.25
Winner
GNR
2.14
XME vs GNR - Holdings Comparison
XME and GNR have 6 common holdings. Overlap is 7.53%
XME's top 25 holdings weight is 90.48%. GNR's top 25 holdings weight is 59.03%.
| Rank | XME | GNR |
|---|---|---|
| #1 | HECLA MINING CO (HL) - 4.86% | BHP GROUP LTD (n/a) - 5.26% |
| #2 | CENTRUS ENERGY CORP CLASS A (LEU) - 4.74% | NUTRIEN LTD (n/a) - 4.92% |
| #3 | URANIUM ENERGY CORP (UEC) - 4.62% | EXXON MOBIL CORP (XOM) - 4.57% |
| #4 | COEUR MINING INC (CDE) - 4.57% | SHELL PLC (n/a) - 4.22% |
| #5 | NEWMONT CORP (NEM) - 4.50% | CORTEVA INC (CTVA) - 3.30% |
| #6 | ROYAL GOLD INC (RGLD) - 4.38% | TOTALENERGIES SE (TTE:XPAR) - 2.90% |
| #7 | RELIANCE INC (RS) - 4.23% | UPM-KYMMENE OYJ (n/a) - 2.85% |
| #8 | FREEPORT-MCMORAN INC (FCX) - 4.20% | NEWMONT CORP (NEM) - 2.67% |
| #9 | MP MATERIALS CORP ORDINARY SHARES CLASS A (MP) - 4.15% | CHEVRON CORP (CVX) - 2.52% |
| #10 | NUCOR CORP (NUE) - 3.99% | FREEPORT-MCMORAN INC (FCX) - 2.20% |
| #11 | USA RARE EARTH INC (USAR) - 3.84% | ARCHER-DANIELS-MIDLAND CO (ADM) - 2.12% |
| #12 | CORE NATURAL RESOURCES INC ORDINARY SHARES (CNR) - 3.81% | AGNICO EAGLE MINES LTD (AEM) - 1.94% |
| #13 | STEEL DYNAMICS INC (STLD) - 3.76% | BP PLC (n/a) - 1.84% |
| #14 | COMMERCIAL METALS CO (CMC) - 3.68% | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 1.70% |
| #15 | MATERION CORP (MTRN) - 3.66% | GLENCORE PLC (n/a) - 1.66% |
| #16 | WARRIOR MET COAL INC (HCC) - 3.59% | BARRICK MINING CORP (n/a) - 1.59% |
| #17 | PEABODY ENERGY CORP (BTU) - 3.45% | WILMAR INTERNATIONAL LTD (n/a) - 1.57% |
| #18 | CLEVELAND-CLIFFS INC (CLF) - 3.38% | CANADIAN NATURAL RESOURCES LTD (CNQ) - 1.56% |
| #19 | CENTURY ALUMINUM CO (CENX) - 3.37% | YARA INTERNATIONAL ASA (n/a) - 1.48% |
| #20 | ALCOA CORP (AA) - 3.28% | ANGLO AMERICAN PLC (n/a) - 1.47% |
| #21 | KAISER ALUMINUM CORP (KALU) - 2.68% | VALE SA ADR (VALE) - 1.36% |
| #22 | HYCROFT MINING HOLDING CORP ORDINARY SHARES CLASS A (HYMC) - 2.59% | STORA ENSO OYJ CLASS R (n/a) - 1.35% |
| #23 | ALPHA METALLURGICAL RESOURCES INC (AMR) - 2.02% | NUCOR CORP (NUE) - 1.34% |
| #24 | IVANHOE ELECTRIC INC (IE) - 1.73% | SMURFIT WESTROCK PLC (SW) - 1.33% |
| #25 | MCEWEN INC (MUX) - 1.40% | WHEATON PRECIOUS METALS CORP (WPM) - 1.31% |
| Total Holdings | 40 | 111 |
XME vs GNR - Historical Returns
Returns include dividend reinvestment.
1M
XME
-16.99%
Winner
GNR
-4.17%
3M
XME
-14.57%
Winner
GNR
-7.21%
6M
XME
-20.16%
Winner
GNR
+4.89%
1Y
Winner
XME
+36.79%
GNR
+28.45%
5Y(CAGR)
Winner
XME
+20.49%
GNR
+10.13%
10Y(CAGR)
Winner
XME
+14.86%
GNR
+9.45%
Max(CAGR)
Winner
XME
+5.32%
GNR
+5.13%
XME vs GNR - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | XME | GNR |
|---|---|---|
| 2026 | -7.82% | +10.34% |
| 2025 | +80.66% | +27.73% |
| 2024 | -3.73% | -8.14% |
| 2023 | +23.21% | +4.58% |
| 2022 | +11.23% | +9.62% |
| 2021 | +34.10% | +22.45% |
| 2020 | +16.49% | -0.55% |
| 2019 | +12.72% | +16.23% |
| 2018 | -29.34% | -14.76% |
| 2017 | +18.51% | +20.86% |
| 2016 | +105.61% | +32.40% |
| 2015 | -50.54% | -23.94% |
| 2014 | -26.28% | -9.59% |
| 2013 | -7.92% | -2.13% |
| 2012 | -11.48% | +3.00% |
| 2011 | -29.56% | -16.37% |
| 2010 | +28.14% | +17.90% |
| 2009 | +73.23% | N/A |
| 2008 | -59.53% | N/A |
| 2007 | +45.96% | N/A |
| 2006 | +9.79% | N/A |
XME vs GNR Drawdown Comparison
The maximum drawdown for XME was -85.89%, occurring on Jan 19, 2016. Recovery took 4288 trading sessions.
The maximum drawdown for GNR was -51.38%, occurring on Jan 20, 2016. Recovery took 2456 trading sessions.
The current XME drawdown is -25.42%. The current GNR drawdown is -8.02%.
| Rank | XME | GNR |
|---|---|---|
| #1 | -85.89% Jun 30, 2008 - Jul 17, 2025 | -51.38% Apr 5, 2011 - Jan 7, 2021 |
| #2 | -25.42% Jun 2, 2026 - Jul 16, 2026 | -25.66% Apr 20, 2022 - May 20, 2024 |
| #3 | -22.60% Jan 23, 2026 - Jun 2, 2026 | -21.06% May 20, 2024 - Jul 23, 2025 |
| #4 | -21.82% Jul 13, 2007 - Oct 26, 2007 | -11.88% Jun 2, 2021 - Jan 4, 2022 |
| #5 | -21.79% Jul 3, 2006 - Nov 29, 2006 | -11.00% Mar 2, 2026 - Jul 1, 2026 |
| #6 | -19.74% Oct 14, 2025 - Jan 5, 2026 | -8.69% Jan 14, 2021 - Feb 16, 2021 |
| #7 | -18.81% Dec 10, 2007 - Feb 19, 2008 | -8.17% Mar 3, 2011 - Apr 1, 2011 |
| #8 | -14.81% Feb 28, 2008 - Apr 4, 2008 | -6.68% Nov 5, 2010 - Dec 13, 2010 |
| #9 | -12.14% Oct 26, 2007 - Dec 7, 2007 | -6.42% Mar 12, 2021 - Apr 26, 2021 |
| #10 | -11.61% Dec 7, 2006 - Feb 1, 2007 | -5.06% Jan 19, 2022 - Feb 7, 2022 |
| #11 | -10.16% Feb 26, 2007 - Mar 22, 2007 | -4.93% Jul 23, 2025 - Aug 22, 2025 |
| #12 | -9.49% Jun 1, 2007 - Jul 13, 2007 | -4.50% Nov 12, 2025 - Nov 28, 2025 |
| #13 | -8.28% Apr 16, 2008 - May 8, 2008 | -4.45% Feb 16, 2022 - Mar 10, 2022 |
| #14 | -7.64% Jul 23, 2025 - Aug 8, 2025 | -4.34% Feb 24, 2021 - Mar 10, 2021 |
| #15 | -5.53% Jun 9, 2008 - Jun 18, 2008 | -4.07% Mar 10, 2022 - Mar 18, 2022 |
Correlation
Correlation between XME and GNR is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2006 - 2026)
XME vs GNR dividend yield comparison.
| Year | XME | GNR |
|---|---|---|
| 2026 | 0.14% | 1.25% |
| 2025 | 0.38% | 2.76% |
| 2024 | 0.65% | 4.73% |
| 2023 | 1.00% | 3.37% |
| 2022 | 1.64% | 4.37% |
| 2021 | 0.70% | 3.44% |
| 2020 | 0.99% | 2.78% |
| 2019 | 2.43% | 3.84% |
| 2018 | 2.23% | 3.51% |
| 2017 | 1.15% | 2.40% |
| 2016 | 1.02% | 2.06% |
| 2015 | 2.61% | 4.59% |
| 2014 | 2.21% | 2.59% |
| 2013 | 1.32% | 2.46% |
| 2012 | 1.36% | 1.89% |
| 2011 | 0.94% | 1.90% |
| 2010 | 0.89% | 0.21% |
| 2009 | 0.89% | 0.00% |
| 2008 | 1.81% | 0.00% |
| 2007 | 0.59% | 0.00% |
| 2006 | 0.40% | 0.00% |
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