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.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
1.6 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 19, 2006 |
| Assets (mns) | $1,591 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CARPENTER TECHNOLOGY | 5.5 % |
| ALCOA CORP. | 5.4 % |
| COMMERCIAL METALS CO | 5.0 % |
| STEEL DYNAMICS INC | 4.9 % |
| WARRIOR MET COAL, INC. | 4.8 % |
| RELIANCE STEEL & ALUMINUM | 4.7 % |
| URANIUM ENERGY CORP | 4.4 % |
| CONSOL ENERGY INC | 4.4 % |
| FREEPORT-MCMORAN COPPER | 4.4 % |
| ROYAL GOLD INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 34 |
| Herfindahl-Hirschman Index | 397 |
| Wgt avg mkt cap (mns) | $12,343 |
| Large cap (>$10bn) | 26.8% |
| Mid cap ($2-10bn) | 59.2% |
| Small cap (<$2bn) | 14.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.5 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.5% | 26.4% | 14.4% | 20.2% | 21.5% | 9.0% | 3.2% | Volatility | 24.4% | 24.8% | 26.7% | 31.6% | 36.4% | 33.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 39% |
| MSCI EAFE | 1.27 | 42% |
| MSCI Emg Mkts | 0.89 | 21% |
Liquidity Measures
| Avg. volume (000) | 1,291 |
| Turnover | 4.6% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $2,203 |
Technical Indicators
| Recent close | $56.82 |
| 30d moving avg. | $66.77 |
| Annualized volatility | 33.8% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 11.0% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XME |
Expenses vs. XME |
ALTAR Score™ vs. XME |
|---|---|---|---|---|
| SLX | VanEck Steel ETF | 44.1% | +21 bp | +14.6% |
| PYZ | Invesco Dorsey Wright Basic Materials Momentum ETF | 34.1% | +25 bp | -4.0% |
| PSCM | Invesco S&P SmallCap Materials ETF | 29.8% | -6 bp | -0.9% |
| FXZ | First Trust Materials AlphaDEX Fund | 28.8% | +26 bp | +2.9% |
| IYM | iShares U.S. Basic Materials ETF | 22.8% | +5 bp | -2.4% |
| FMAT | Fidelity MSCI Materials Index ETF | 19.2% | -27 bp | -2.8% |
| VAW | Vanguard Materials ETF | 18.0% | -25 bp | -2.8% |
| NANR | SPDR S&P North American Natural Resources ETF | 17.4% | 0 bp | -1.3% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 16.9% | +4 bp | +4.5% |
| ZIG | Acquirers Fund | 15.7% | +49 bp | +4.7% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
XME
9.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. XME's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places XME in the 88th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XMESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| XME (35 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XME | 35.0 | 2.0 | 37 |
| Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .