- 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
- $5B
Share Price Chart
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Performance
XME Performance Chart
SPDR S&P Metals & Mining ETF (XME) is up 11.4% since the beginning of the year. XME is currently trading at $115 per share. Investors who bought $1,000 worth of XME shares 5 years ago would now be looking at an investment worth $2,818.
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Returns By Period
SPDR S&P Metals & Mining ETF (XME) has returned 11.35% so far this year and 76.71% over the past 12 months. Looking at the last ten years, XME has achieved an annualized return of 18.97%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
SPDR S&P Metals & Mining ETF
- 1D
- -1.47%
- 1M
- -1.51%
- YTD
- 11.35%
- 6M
- 7.66%
- 1Y
- 76.71%
- 3Y*
- 34.03%
- 5Y*
- 23.02%
- 10Y*
- 18.97%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
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 +1.00%. At this rate, an investment would double in approximately 5.8 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% | -7.92% | 11.35% | ||||||
| 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 -1.67%, 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 145.09% of S&P 500 Index downside but only 141.49% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.67%
- Beta
- 1.39
- R²
- 0.50
- Upside Capture
- 141.49%
- Downside Capture
- 145.09%
Expense Ratio
XME has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XME ranks 60 for risk / return — better than 60% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by 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 | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.78 | +0.63 |
| Martin ratioReturn relative to average drawdown | 8.38 | 12.44 | -4.06 |
Dividends
Dividend History
SPDR S&P Metals & Mining ETF provided a 0.40% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.39 | $0.37 | $0.60 | $0.82 | $0.31 | $0.33 | $0.71 | $0.58 | $0.42 | $0.31 | $0.39 |
Dividend yield | 0.40% | 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 | $0.14 | ||||||
| 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 13.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2016 bear market2016 | -85.89%Jan 2016 | 7y 6mo | 9y 6mo | 17y 21dJul 2008 - Jul 2025 |
2026 bear market2026 | -22.60%Mar 2026 | 1mo 23d | 2mo 14d | 4mo 7dJan 2026 - Jun 2026 |
2007 bear market2007 | -21.82%Aug 2007 | 1mo 1d | 2mo 11d | 3mo 12dJul 2007 - Oct 2007 |
2006 bear market2006 | -21.78%Oct 2006 | 3mo | 1mo 27d | 4mo 27dJul 2006 - Nov 2006 |
2025 correction2025 | -19.74%Nov 2025 | 1mo 6d | 1mo 16d | 2mo 22dOct 2025 - Jan 2026 |
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 | -22.60% | -9.10% | -13.50% |
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 | -13.20% | -1.80% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -44.06% | -10.71% | -33.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.19% | 2.03% | +7.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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