IMPUY vs. XME

Last updated Apr 1, 2026

Compare and contrast key facts about Impala Platinum Holdings Limited ADR (IMPUY) and SPDR S&P Metals & Mining ETF (XME).

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

IMPUY vs. XME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Impala Platinum Holdings Limited ADR (IMPUY) and SPDR S&P Metals & Mining ETF (XME). The values are adjusted to include any dividend payments, if applicable.

IMPUY vs. XME - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMPUY Impala Platinum Holdings Limited ADR	-4.36%	236.44%	-4.39%	-58.79%	-4.08%	10.90%	42.27%	307.97%	-3.09%	-17.99%
XME SPDR S&P Metals & Mining ETF	4.31%	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, IMPUY achieves a -4.36% return, which is significantly lower than XME's 4.31% return. Both investments have delivered pretty close results over the past 10 years, with IMPUY having a 20.16% annualized return and XME not far behind at 19.54%.

IMPUY

• 1D: 8.96%
• 1M: -32.27%
• YTD: -4.36%
• 6M: 17.69%
• 1Y: 119.18%
• 3Y*: 18.78%
• 5Y*: -1.03%
• 10Y*: 20.16%

XME

• 1D: 4.40%
• 1M: -9.45%
• YTD: 4.31%
• 6M: 16.12%
• 1Y: 93.75%
• 3Y*: 27.50%
• 5Y*: 22.88%
• 10Y*: 19.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IMPUY vs. XME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMPUY

IMPUY Risk / Return Rank: 83
IMPUY Sharpe Ratio Rank: 86
IMPUY Sortino Ratio Rank: 80
IMPUY Omega Ratio Rank: 79
IMPUY Calmar Ratio Rank: 85
IMPUY Martin Ratio Rank: 86

XME

XME Risk / Return Rank: 94
XME Sharpe Ratio Rank: 97
XME Sortino Ratio Rank: 95
XME Omega Ratio Rank: 94
XME Calmar Ratio Rank: 96
XME Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMPUY vs. XME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Impala Platinum Holdings Limited ADR (IMPUY) 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.

	IMPUY	XME	Difference
Sharpe ratio Return per unit of total volatility	1.60	2.63	-1.04
Sortino ratio Return per unit of downside risk	2.06	3.07	-1.01
Omega ratio Gain probability vs. loss probability	1.28	1.42	-0.14
Calmar ratio Return relative to maximum drawdown	2.82	4.05	-1.24
Martin ratio Return relative to average drawdown	8.03	11.64	-3.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMPUY vs. XME - Sharpe Ratio Comparison

The current IMPUY Sharpe Ratio is 1.60, which is lower than the XME Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of IMPUY and XME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IMPUY	XME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	2.63	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.71	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.59	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.15	+0.28

Correlation

The correlation between IMPUY and XME is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IMPUY vs. XME - Dividend Comparison

IMPUY's dividend yield for the trailing twelve months is around 2.28%, more than XME's 0.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMPUY Impala Platinum Holdings Limited ADR	2.28%	0.60%	0.00%	6.42%	7.65%	9.50%	2.18%	0.00%	0.00%	0.00%	0.00%	0.00%
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

IMPUY vs. XME - Drawdown Comparison

The maximum IMPUY drawdown since its inception was -82.06%, roughly equal to the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for IMPUY and XME.

Drawdown Indicators

	IMPUY	XME	Difference
Max Drawdown Largest peak-to-trough decline	-82.06%	-85.89%	+3.83%
Max Drawdown (1Y) Largest decline over 1 year	-44.16%	-22.60%	-21.56%
Max Drawdown (5Y) Largest decline over 5 years	-82.06%	-37.27%	-44.79%
Max Drawdown (10Y) Largest decline over 10 years	-82.06%	-61.69%	-20.37%
Current Drawdown Current decline from peak	-35.89%	-17.77%	-18.12%
Average Drawdown Average peak-to-trough decline	-38.57%	-44.45%	+5.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.48%	7.87%	+7.61%

Volatility

IMPUY vs. XME - Volatility Comparison

Impala Platinum Holdings Limited ADR (IMPUY) has a higher volatility of 29.97% compared to SPDR S&P Metals & Mining ETF (XME) at 11.55%. This indicates that IMPUY's price experiences larger fluctuations and is considered to be riskier than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMPUY	XME	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.97%	11.55%	+18.42%
Volatility (6M) Calculated over the trailing 6-month period	55.50%	28.02%	+27.48%
Volatility (1Y) Calculated over the trailing 1-year period	74.99%	35.81%	+39.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.25%	32.46%	+27.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.21%	32.98%	+29.23%