METL vs. XME
METL (Sprott Active Metals & Miners ETF) and XME (SPDR S&P Metals & Mining ETF) are both exchange-traded funds - METL is a Commodity Producers Equities fund actively managed by Sprott, while XME is a Materials fund tracking the S&P Metals & Mining Select Industry Index. METL is actively managed, while XME is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. METL charges 0.89%/yr vs 0.35%/yr for XME.
Performance
METL vs. XME - Performance Comparison
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Returns By Period
In the year-to-date period, METL achieves a 18.34% return, which is significantly lower than XME's 24.13% return.
METL
- 1D
- -3.81%
- 1M
- 5.71%
- YTD
- 18.34%
- 6M
- 25.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XME
- 1D
- -3.24%
- 1M
- 9.89%
- YTD
- 24.13%
- 6M
- 29.19%
- 1Y
- 103.84%
- 3Y*
- 40.26%
- 5Y*
- 23.59%
- 10Y*
- 20.21%
METL vs. XME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | 18.34% | 27.04% |
XME SPDR S&P Metals & Mining ETF | 24.13% | 22.35% |
Correlation
The correlation between METL and XME is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.86 |
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Return for Risk
METL vs. XME — Risk / Return Rank
METL
XME
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.
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Sharpe Ratios by Period
| METL | XME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.02 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.72 | 0.18 | +1.54 |
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.
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Drawdown Indicators
| METL | XME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.39% | -85.89% | +58.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -10.27% | -3.24% | -7.03% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -44.14% | +36.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.87% | — |
Volatility
METL vs. XME - Volatility Comparison
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Volatility by Period
| METL | XME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.94% | 34.65% | +9.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.94% | 32.54% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.94% | 32.84% | +11.10% |
METL vs. XME - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than XME's 0.35% expense ratio.
Dividends
METL vs. XME - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 0.84%, more than XME's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 0.84% | 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 | 0.30% | 0.38% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% |
Frequently Asked Questions
METL and XME have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XME is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XME is cheaper with a 0.35% expense ratio, compared with 0.89% for METL.
METL has the higher dividend yield at 0.84%, compared with 0.30% for XME.
METL is categorized as Commodity Producers Equities, while XME is Materials. They also come from different issuers: Sprott and State Street. Their fees differ too: 0.89% for METL and 0.35% for XME.
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