METL vs. XME

Last updated Apr 1, 2026

Compare and contrast key facts about Sprott Active Metals & Miners ETF (METL) and SPDR S&P Metals & Mining ETF (XME).

METL and XME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METL is an actively managed fund by Sprott. It was launched on Sep 9, 2025. 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

METL vs. XME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) and SPDR S&P Metals & Mining ETF (XME). The values are adjusted to include any dividend payments, if applicable.

METL vs. XME - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	6.41%	27.04%
XME SPDR S&P Metals & Mining ETF	4.31%	22.35%

Returns By Period

In the year-to-date period, METL achieves a 6.41% return, which is significantly higher than XME's 4.31% return.

METL

• 1D: 6.47%
• 1M: -16.66%
• YTD: 6.41%
• 6M: 23.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

METL vs. XME - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than XME's 0.35% expense ratio.

METL

Sprott Active Metals & Miners ETF

XME

SPDR S&P Metals & Mining ETF

Return for Risk

METL vs. XME — Risk / Return Rank

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

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.

METL vs. XME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	METL	XME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.63	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.15	+1.47

Correlation

The correlation between METL and XME is 0.85, 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

METL vs. XME - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.93%, more than XME's 0.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
METL Sprott Active Metals & Miners ETF	0.93%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	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

METL vs. XME - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, smaller than the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for METL and XME.

Drawdown Indicators

	METL	XME	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-85.89%	+58.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-19.32%	-17.77%	-1.55%
Average Drawdown Average peak-to-trough decline	-6.76%	-44.45%	+37.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.87%	—

Volatility

Volatility by Period

	METL	XME	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.92%	35.81%	+9.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.92%	32.46%	+12.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.92%	32.98%	+11.94%