XME vs SPY
Comparison between SPDR(R) S&P(R) METALS & MINING ETF (XME, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceXME has outperformed SPY, delivering a return of +22.6% compared to +13.3%
XME vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XME
$4.40B
Winner
SPY
$652B
Expense Ratio
XME
0.35%
Winner
SPY
0.09%
Max Drawdown
XME
87.34%
Winner
SPY
56.47%
Sharpe Ratio
Winner
XME
2.31
SPY
2.07
5Y Beta
XME
1.19
Winner
SPY
1.00
P/E Ratio
XME
201.29
Winner
SPY
28.24
Forward P/E
Winner
XME
15.46
SPY
21.85
5Y Dividends CAGR
XME
2.08%
Winner
SPY
5.43%
5Y EPS CAGR
XME
24.44%
Winner
SPY
25.79%
Debt to Equity
XME
34.13%
Winner
SPY
22.35%
P/S Ratio
Winner
XME
1.69
SPY
3.55
P/B Ratio
Winner
XME
2.77
SPY
5.29
XME vs SPY - Holdings Comparison
XME and SPY have 5 common holdings. Overlap is 0.47%
XME's top 25 holdings weight is 91.64%. SPY's top 25 holdings weight is 51.32%.
| Rank | XME | SPY |
|---|---|---|
| #1 | NUCOR CORP (NUE) - 5.57% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | STEEL DYNAMICS INC (STLD) - 5.24% | APPLE INC (AAPL) - 6.48% |
| #3 | RELIANCE INC (RS) - 5.02% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | CLEVELAND-CLIFFS INC (CLF) - 4.75% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | WARRIOR MET COAL INC (HCC) - 4.57% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | COMMERCIAL METALS CO (CMC) - 4.31% | BROADCOM INC (AVGO) - 3.09% |
| #7 | MP MATERIALS CORP ORDINARY SHARES CLASS A (MP) - 4.24% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | CENTRUS ENERGY CORP CLASS A (LEU) - 4.12% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | CORE NATURAL RESOURCES INC ORDINARY SHARES (CNR) - 4.11% | TESLA INC (TSLA) - 1.73% |
| #10 | URANIUM ENERGY CORP (UEC) - 4.08% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | ALCOA CORP (AA) - 4.05% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | NEWMONT CORP (NEM) - 3.98% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | FREEPORT-MCMORAN INC (FCX) - 3.98% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | USA RARE EARTH INC (USAR) - 3.86% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | ROYAL GOLD INC (RGLD) - 3.60% | WALMART INC (WMT) - 0.91% |
| #16 | HECLA MINING CO (HL) - 3.55% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | PEABODY ENERGY CORP (BTU) - 3.42% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | COEUR MINING INC (CDE) - 3.33% | VISA INC CLASS A (V) - 0.85% |
| #19 | CENTURY ALUMINUM CO (CENX) - 3.17% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | HYCROFT MINING HOLDING CORP ORDINARY SHARES CLASS A (HYMC) - 3.13% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | KAISER ALUMINUM CORP (KALU) - 2.41% | INTEL CORP (INTC) - 0.65% |
| #22 | ALPHA METALLURGICAL RESOURCES INC (AMR) - 2.02% | NETFLIX INC (NFLX) - 0.64% |
| #23 | MATERION CORP (MTRN) - 1.93% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | IVANHOE ELECTRIC INC (IE) - 1.84% | CHEVRON CORP (CVX) - 0.58% |
| #25 | MCEWEN INC (MUX) - 1.36% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 38 | 505 |
XME vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
XME
+6.70%
Winner
SPY
+9.11%
3M
XME
-3.54%
Winner
SPY
+6.59%
6M
Winner
XME
+29.51%
SPY
+10.56%
1Y
Winner
XME
+109.90%
SPY
+32.04%
5Y(CAGR)
Winner
XME
+22.57%
SPY
+13.35%
10Y(CAGR)
Winner
XME
+20.68%
SPY
+15.49%
Max(CAGR)
XME
+6.44%
Winner
SPY
+8.50%
XME vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | XME | SPY |
|---|---|---|
| 2026 | +12.55% | +8.27% |
| 2025 | +80.66% | +18.00% |
| 2024 | -3.73% | +25.59% |
| 2023 | +23.21% | +26.72% |
| 2022 | +11.23% | -18.64% |
| 2021 | +34.10% | +30.52% |
| 2020 | +16.49% | +17.28% |
| 2019 | +12.72% | +31.09% |
| 2018 | -29.34% | -5.24% |
| 2017 | +18.51% | +20.78% |
| 2016 | +105.61% | +13.59% |
| 2015 | -50.54% | +1.31% |
| 2014 | -26.28% | +14.56% |
| 2013 | -7.92% | +29.00% |
| 2012 | -11.48% | +14.17% |
| 2011 | -29.56% | +0.85% |
| 2010 | +28.14% | +13.14% |
| 2009 | +73.23% | +22.67% |
| 2008 | -59.53% | -36.25% |
| 2007 | +45.96% | +5.32% |
| 2006 | +9.79% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
XME vs SPY Drawdown Comparison
The maximum drawdown for XME was -85.89%, occurring on Jan 19, 2016. Recovery took 4288 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current XME drawdown is -7.92%.
| Rank | XME | SPY |
|---|---|---|
| #1 | -85.89% Jun 30, 2008 - Jul 17, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -22.60% Jan 23, 2026 - Mar 20, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -21.82% Jul 13, 2007 - Oct 26, 2007 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.79% Jul 3, 2006 - Nov 29, 2006 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.74% Oct 14, 2025 - Jan 5, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.81% Dec 10, 2007 - Feb 19, 2008 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.81% Feb 28, 2008 - Apr 4, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.14% Oct 26, 2007 - Dec 7, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.61% Dec 7, 2006 - Feb 1, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.16% Feb 26, 2007 - Mar 22, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.49% Jun 1, 2007 - Jul 13, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.28% Apr 16, 2008 - May 8, 2008 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.64% Jul 23, 2025 - Aug 8, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.53% Jun 9, 2008 - Jun 18, 2008 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.41% Aug 13, 2025 - Aug 28, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between XME and SPY is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.60
-101
Dividend Comparison (1999 - 2026)
XME vs SPY dividend yield comparison.
| Year | XME | SPY |
|---|---|---|
| 2026 | 0.05% | 0.24% |
| 2025 | 0.38% | 1.07% |
| 2024 | 0.65% | 1.21% |
| 2023 | 1.00% | 1.40% |
| 2022 | 1.64% | 1.65% |
| 2021 | 0.70% | 1.20% |
| 2020 | 0.99% | 1.52% |
| 2019 | 2.43% | 1.75% |
| 2018 | 2.23% | 2.04% |
| 2017 | 1.15% | 1.80% |
| 2016 | 1.02% | 2.03% |
| 2015 | 2.61% | 2.06% |
| 2014 | 2.21% | 1.87% |
| 2013 | 1.32% | 1.81% |
| 2012 | 1.36% | 2.18% |
| 2011 | 0.94% | 2.05% |
| 2010 | 0.89% | 1.80% |
| 2009 | 0.89% | 1.95% |
| 2008 | 1.81% | 3.02% |
| 2007 | 0.59% | 1.85% |
| 2006 | 0.40% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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