- ISIN
- US78464A7550
- CUSIP
- 78464A755
- Issuer
- State Street
- Inception Date
- Jun 19, 2006
- Region
- North America (U.S.)
- Category
- Materials
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Metals & Mining Select Industry Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4B
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $204.83M
Share Price Chart
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Performance
XME Performance Chart
SPDR S&P Metals & Mining ETF (XME) is down 2.7% since the beginning of the year. XME is currently trading at $101 per share. Investors who bought $1,000 worth of XME shares 5 years ago would now be looking at an investment worth $2,340.
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Returns By Period
SPDR S&P Metals & Mining ETF (XME) has returned -2.73% so far this year and 39.51% over the past 12 months. Looking at the last ten years, XME has achieved an annualized return of 14.85%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
SPDR S&P Metals & Mining ETF
- 1D
- -1.19%
- 1M
- -4.26%
- 6M
- -15.11%
- YTD
- -2.73%
- 1Y
- 39.51%
- 3Y*
- 24.33%
- 5Y*
- 18.53%
- 10Y*
- 14.85%
- ALL TIME*
- 5.47%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
XME Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2006, XME's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 53% of months were positive and 47% were negative. The best month was Apr 2009 with a return of +26.3%, while the worst month was Sep 2008 at -34.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, XME closed higher 51% of trading days. The best single day was Nov 21, 2008 with a return of +16.2%, while the worst single day was Oct 15, 2008 at -16.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.58% | 0.53% | -9.45% | 9.93% | 5.46% | -14.54% | -5.87% | -2.73% | |||||
| 2025 | 4.49% | -2.02% | -3.52% | 0.64% | 6.65% | 12.00% | 9.07% | 12.29% | 13.32% | 3.65% | 0.52% | 6.85% | 83.47% |
| 2024 | -4.43% | -1.21% | 6.90% | -1.68% | 8.71% | -7.77% | 6.98% | -5.72% | 6.67% | -0.20% | 8.11% | -17.36% | -4.54% |
| 2023 | 14.68% | -1.59% | -5.10% | -7.07% | -9.88% | 14.53% | 6.04% | -3.40% | 1.16% | -5.79% | 10.70% | 9.46% | 21.51% |
| 2022 | -6.83% | 26.13% | 16.59% | -8.29% | -4.59% | -18.71% | 11.15% | 1.84% | -13.13% | 14.14% | 11.20% | -6.98% | 13.13% |
| 2021 | -3.26% | 10.85% | 11.54% | 1.35% | 14.88% | -7.16% | 4.46% | -1.53% | -5.61% | 4.50% | -5.59% | 8.95% | 34.92% |
Benchmark Metrics
SPDR S&P Metals & Mining ETF has an annualized alpha of -2.32%, beta of 1.39, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since June 22, 2006.
- This ETF participated in 147.71% of S&P 500 Index downside but only 141.49% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.32% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.32%
- Beta
- 1.39
- R²
- 0.50
- Upside Capture
- 141.49%
- Downside Capture
- 147.71%
Expense Ratio
XME has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XME ranks 39 for risk / return — above 39% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XME | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.00 | -0.57 |
| Martin ratioReturn relative to average drawdown | 3.22 | 8.49 | -5.27 |
Dividends
Dividend History
SPDR S&P Metals & Mining ETF provided a 0.37% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.39 | $0.37 | $0.60 | $0.82 | $0.31 | $0.33 | $0.71 | $0.58 | $0.42 | $0.31 | $0.39 |
Dividend yield | 0.37% | 0.38% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Metals & Mining ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.14 | |||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.39 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.06 | $0.37 |
| 2023 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.10 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.35 | $0.82 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P Metals & Mining ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P Metals & Mining ETF was 85.89%, occurring on Jan 19, 2016. Recovery took 2388 trading sessions.
The current SPDR S&P Metals & Mining ETF drawdown is 24.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-85.89%Jan 2016 | 7y 6mo | 9y 6mo | 17y 21dJul 2008 - Jul 2025 | — |
-26.49%Jul 2026 | 1mo 26d | — | 2moJun 2026 - now | — |
-22.60%Mar 2026 | 1mo 23d | 2mo 14d | 4mo 7dJan 2026 - Jun 2026 | — |
-21.82%Aug 2007 | 1mo 1d | 2mo 11d | 3mo 12dJul 2007 - Oct 2007 | — |
-21.78%Oct 2006 | 3mo | 1mo 27d | 4mo 27dJul 2006 - Nov 2006 | — |
Drawdown Indicators
| XME | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -56.78% | -29.11% |
Max Drawdown (1Y)Largest decline over 1 year | -26.49% | -9.10% | -17.39% |
Max Drawdown (3Y)Largest decline over 3 years | -30.47% | -18.90% | -11.57% |
Max Drawdown (5Y)Largest decline over 5 years | -37.27% | -25.43% | -11.84% |
Max Drawdown (10Y)Largest decline over 10 years | -61.69% | -33.92% | -27.77% |
Current DrawdownCurrent decline from peak | -24.17% | -1.58% | -22.59% |
Average DrawdownAverage peak-to-trough decline | -43.93% | -10.70% | -33.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 2.14% | +9.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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