ROKT vs. XME

Last updated Jun 9, 2026

ROKT (SPDR S&P Kensho Final Frontiers ETF) and XME (SPDR S&P Metals & Mining ETF) are both exchange-traded funds - ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index, while XME is a Materials fund tracking the S&P Metals & Mining Select Industry Index. Both are passively managed. Over the past 5 years, ROKT returned 23.78%/yr vs 21.45%/yr for XME. A 0.66 correlation means they provide meaningful diversification when combined. ROKT charges 0.45%/yr vs 0.35%/yr for XME.

Performance

ROKT vs. XME - Performance Comparison

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

Returns By Period

In the year-to-date period, ROKT achieves a 41.32% return, which is significantly higher than XME's 14.53% return.

ROKT

• 1D: 1.04%
• 1M: 5.86%
• YTD: 41.32%
• 6M: 49.83%
• 1Y: 98.96%
• 3Y*: 42.83%
• 5Y*: 23.78%
• 10Y*: —

XME

• 1D: -0.01%
• 1M: -1.95%
• YTD: 14.53%
• 6M: 20.99%
• 1Y: 84.92%
• 3Y*: 35.78%
• 5Y*: 21.45%
• 10Y*: 19.09%

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

ROKT vs. XME - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ROKT SPDR S&P Kensho Final Frontiers ETF	41.32%	50.56%	27.89%	14.41%	-0.81%	4.63%	7.99%	40.90%	-13.20%
XME SPDR S&P Metals & Mining ETF	14.53%	83.47%	-4.54%	21.51%	13.13%	34.92%	15.95%	14.69%	-17.78%

Correlation

The correlation between ROKT and XME is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018	0.66

The correlation between ROKT and XME has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.

ROKT vs. XME - Sectors Allocation Comparison

Sectors	ROKT	XME
Industrials	64.1%	0.4%
Technology	23.3%	2.2%
Energy	7.3%	23.4%
Communication Services	5.3%	-
Basic Materials	-	75.3%
Consumer Cyclical	-	-
Consumer Defensive	-	0.8%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ROKT vs. XME — Risk / Return Rank

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

ROKT

ROKT Risk / Return Rank: 93
ROKT Sharpe Ratio Rank: 94
ROKT Sortino Ratio Rank: 90
ROKT Omega Ratio Rank: 88
ROKT Calmar Ratio Rank: 95
ROKT Martin Ratio Rank: 95

XME

XME Risk / Return Rank: 72
XME Sharpe Ratio Rank: 82
XME Sortino Ratio Rank: 70
XME Omega Ratio Rank: 70
XME Calmar Ratio Rank: 80
XME Martin Ratio Rank: 59

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.

ROKT vs. XME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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.

	ROKT	XME	Difference
Sharpe ratio: Return per unit of total volatility	3.34	2.40	+0.94
Sortino ratio: Return per unit of downside risk	3.87	2.85	+1.02
Omega ratio: Gain probability vs. loss probability	1.50	1.37	+0.13
Calmar ratio: Return relative to maximum drawdown	7.66	3.78	+3.89
Martin ratio: Return relative to average drawdown	29.72	9.55	+20.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROKT vs. XME - Sharpe Ratio Comparison

The current ROKT Sharpe Ratio is 3.34, which is higher than the XME Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of ROKT and XME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ROKT	XME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.34	2.40	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.66	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.16	+0.67

Drawdowns

ROKT vs. XME - Drawdown Comparison

The maximum ROKT drawdown since its inception was -43.16%, smaller than the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for ROKT and XME.

Drawdown Indicators

	ROKT	XME	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	-85.89%	+42.73%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-22.60%	+9.61%
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	-30.47%	+7.01%
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	-37.27%	+13.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-12.08%	-10.72%	-1.36%
Average Drawdown Average peak-to-trough decline	-6.76%	-44.12%	+37.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	8.92%	-5.58%

Volatility

ROKT vs. XME - Volatility Comparison

SPDR S&P Kensho Final Frontiers ETF (ROKT) and SPDR S&P Metals & Mining ETF (XME) have volatilities of 14.61% and 14.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROKT	XME	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.61%	14.01%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	26.01%	27.83%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	29.86%	35.60%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.02%	32.72%	-9.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.26%	32.91%	-7.65%

ROKT vs. XME - Expense Ratio Comparison

ROKT has a 0.45% expense ratio, which is higher than XME's 0.35% expense ratio.

Dividends

ROKT vs. XME - Dividend Comparison

ROKT's dividend yield for the trailing twelve months is around 0.28%, less than XME's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ROKT SPDR S&P Kensho Final Frontiers ETF	0.28%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%	0.00%	0.00%	0.00%
XME SPDR S&P Metals & Mining ETF	0.32%	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

Can I hold both ROKT and XME in my portfolio?

ROKT and XME have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROKT or XME?

ROKT has higher volatility (14.61%) compared to XME (14.01%). In terms of maximum drawdown, ROKT dropped -43.16% vs XME's -85.89%.

Which ETF is better, ROKT or XME?

On 5-year performance, ROKT leads with 23.78% vs 21.45% for XME. On fees, XME is cheaper at 0.35% per year. On volatility, XME has been the lower-risk option at 14.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROKT or XME?

Over the 5-year period, ROKT has performed better with a 23.78% return vs 21.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROKT or XME?

XME is cheaper with a 0.35% expense ratio, compared with 0.45% for ROKT.

Which ETF pays a higher dividend yield, ROKT or XME?

XME has the higher dividend yield at 0.32%, compared with 0.28% for ROKT.

What is the main difference between ROKT and XME?

ROKT is categorized as Industrials Equities, while XME is Materials. ROKT tracks S&P Kensho Final Frontiers Index, while XME tracks S&P Metals & Mining Select Industry Index. Their fees differ too: 0.45% for ROKT and 0.35% for XME.

Which has better risk-adjusted returns?

ROKT currently has the higher Sharpe Ratio (3.34 vs 2.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.