SQM vs. XME
Compare and contrast key facts about Sociedad Química y Minera de Chile S.A. (SQM) 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SQM or XME.
Key characteristics
| SQM | XME | |
|---|---|---|
| YTD Return | -22.45% | 0.63% |
| 1Y Return | -22.42% | 25.94% |
| 3Y Return (Ann) | 2.75% | 13.61% |
| 5Y Return (Ann) | 10.94% | 17.26% |
| 10Y Return (Ann) | 9.55% | 5.32% |
| Sharpe Ratio | -0.46 | 1.07 |
| Daily Std Dev | 47.18% | 23.10% |
| Max Drawdown | -77.80% | -85.94% |
| Current Drawdown | -53.07% | -20.35% |
Correlation
The correlation between SQM and XME is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SQM vs. XME - Performance Comparison
In the year-to-date period, SQM achieves a -22.45% return, which is significantly lower than XME's 0.63% return. Over the past 10 years, SQM has outperformed XME with an annualized return of 9.55%, while XME has yielded a comparatively lower 5.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SQM vs. XME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sociedad Química y Minera de Chile S.A. (SQM) 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
SQM vs. XME - Dividend Comparison
SQM's dividend yield for the trailing twelve months is around 10.96%, more than XME's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQM Sociedad Química y Minera de Chile S.A. | 10.96% | 8.50% | 9.79% | 3.91% | 1.65% | 4.59% | 5.41% | 2.38% | 5.31% | 2.37% | 5.80% | 3.94% |
XME SPDR S&P Metals & Mining ETF | 0.88% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
Drawdowns
SQM vs. XME - Drawdown Comparison
The maximum SQM drawdown since its inception was -77.80%, smaller than the maximum XME drawdown of -85.94%. Use the drawdown chart below to compare losses from any high point for SQM and XME. For additional features, visit the drawdowns tool.
Volatility
SQM vs. XME - Volatility Comparison
Sociedad Química y Minera de Chile S.A. (SQM) has a higher volatility of 14.07% compared to SPDR S&P Metals & Mining ETF (XME) at 5.74%. This indicates that SQM'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.