PICK vs. XME
Compare and contrast key facts about iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and SPDR S&P Metals & Mining ETF (XME).
PICK and XME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. 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. Both PICK and XME are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PICK or XME.
Key characteristics
| PICK | XME | |
|---|---|---|
| YTD Return | -14.54% | -9.10% |
| 1Y Return | -4.72% | 5.73% |
| 3Y Return (Ann) | -2.09% | 7.65% |
| 5Y Return (Ann) | 11.56% | 17.82% |
| 10Y Return (Ann) | 3.79% | 4.33% |
| Sharpe Ratio | -0.30 | 0.20 |
| Daily Std Dev | 21.60% | 24.71% |
| Max Drawdown | -68.88% | -85.94% |
| Current Drawdown | -22.29% | -28.05% |
Correlation
The correlation between PICK and XME is 0.76, 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.
Performance
PICK vs. XME - Performance Comparison
In the year-to-date period, PICK achieves a -14.54% return, which is significantly lower than XME's -9.10% return. Over the past 10 years, PICK has underperformed XME with an annualized return of 3.79%, while XME has yielded a comparatively higher 4.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PICK vs. XME - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is higher than XME's 0.35% expense ratio.
Risk-Adjusted Performance
PICK vs. XME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) 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.
Dividends
PICK vs. XME - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 4.20%, more than XME's 0.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 4.20% | 4.19% | 6.93% | 5.89% | 2.27% | 5.50% | 4.76% | 2.41% | 1.15% | 15.73% | 2.88% | 3.38% |
XME SPDR S&P Metals & Mining ETF | 0.85% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
Drawdowns
PICK vs. XME - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.88%, smaller than the maximum XME drawdown of -85.94%. Use the drawdown chart below to compare losses from any high point for PICK and XME. For additional features, visit the drawdowns tool.
Volatility
PICK vs. XME - Volatility Comparison
The current volatility for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) is 7.62%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 9.00%. This indicates that PICK 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.