ICBMX vs. XME
Compare and contrast key facts about ICON Natural Resources and Infrastructure Fund (ICBMX) and SPDR S&P Metals & Mining ETF (XME).
ICBMX is managed by ICON Funds. It was launched on May 4, 1997. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006.
Performance
ICBMX vs. XME - Performance Comparison
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ICBMX vs. XME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 15.65% | 15.95% | 21.25% | 11.02% | 0.50% | 30.63% | 5.53% | 22.11% | -17.38% | 16.93% |
XME SPDR S&P Metals & Mining ETF | 6.14% | 83.47% | -4.54% | 21.51% | 13.13% | 34.92% | 15.95% | 14.69% | -26.78% | 21.17% |
Returns By Period
In the year-to-date period, ICBMX achieves a 15.65% return, which is significantly higher than XME's 6.14% return. Over the past 10 years, ICBMX has underperformed XME with an annualized return of 13.20%, while XME has yielded a comparatively higher 19.75% annualized return.
ICBMX
- 1D
- 2.40%
- 1M
- -3.46%
- YTD
- 15.65%
- 6M
- 18.51%
- 1Y
- 42.47%
- 3Y*
- 21.21%
- 5Y*
- 14.05%
- 10Y*
- 13.20%
XME
- 1D
- 1.75%
- 1M
- -9.91%
- YTD
- 6.14%
- 6M
- 15.52%
- 1Y
- 97.42%
- 3Y*
- 28.24%
- 5Y*
- 23.31%
- 10Y*
- 19.75%
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ICBMX vs. XME - Expense Ratio Comparison
ICBMX has a 1.31% expense ratio, which is higher than XME's 0.35% expense ratio.
Return for Risk
ICBMX vs. XME — Risk / Return Rank
ICBMX
XME
ICBMX vs. XME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON Natural Resources and Infrastructure Fund (ICBMX) and SPDR S&P Metals & Mining ETF (XME). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ICBMX | XME | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 2.74 | -1.02 |
Sortino ratioReturn per unit of downside risk | 2.43 | 3.15 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.43 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 4.30 | -1.71 |
Martin ratioReturn relative to average drawdown | 11.22 | 12.24 | -1.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICBMX | XME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.74 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.72 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.60 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.16 | +0.13 |
Correlation
The correlation between ICBMX and XME is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ICBMX vs. XME - Dividend Comparison
ICBMX's dividend yield for the trailing twelve months is around 8.65%, more than XME's 0.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 8.65% | 10.01% | 17.24% | 7.07% | 11.07% | 1.32% | 0.32% | 1.55% | 21.58% | 1.19% | 0.53% | 7.78% |
XME SPDR S&P Metals & Mining ETF | 0.35% | 0.38% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% |
Drawdowns
ICBMX vs. XME - Drawdown Comparison
The maximum ICBMX drawdown since its inception was -63.92%, smaller than the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for ICBMX and XME.
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Drawdown Indicators
| ICBMX | XME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.92% | -85.89% | +21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -22.60% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -37.27% | +10.78% |
Max Drawdown (10Y)Largest decline over 10 years | -48.18% | -61.69% | +13.51% |
Current DrawdownCurrent decline from peak | -3.46% | -16.34% | +12.88% |
Average DrawdownAverage peak-to-trough decline | -17.97% | -44.44% | +26.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 7.94% | -4.23% |
Volatility
ICBMX vs. XME - Volatility Comparison
The current volatility for ICON Natural Resources and Infrastructure Fund (ICBMX) is 6.79%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 11.19%. This indicates that ICBMX experiences smaller price fluctuations and is considered to be less risky than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICBMX | XME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 11.19% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 28.06% | -12.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.07% | 35.81% | -10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 32.47% | -11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 32.97% | -10.68% |