TMET vs. XME
Compare and contrast key facts about iShares Transition-Enabling Metals ETF (TMET) and SPDR S&P Metals & Mining ETF (XME).
TMET and XME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMET is a passively managed fund by iShares that tracks the performance of the ICE Clean Energy Transition. It was launched on Sep 26, 2023. 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 TMET 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.
Performance
TMET vs. XME - Performance Comparison
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TMET vs. XME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TMET iShares Transition-Enabling Metals ETF | 7.02% | 54.07% | 6.95% | 2.69% |
XME SPDR S&P Metals & Mining ETF | 6.14% | 83.47% | -4.54% | 14.02% |
Returns By Period
In the year-to-date period, TMET achieves a 7.02% return, which is significantly higher than XME's 6.14% return.
TMET
- 1D
- 0.87%
- 1M
- -4.99%
- YTD
- 7.02%
- 6M
- 31.28%
- 1Y
- 46.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XME
- 1D
- 1.75%
- 1M
- -9.91%
- YTD
- 6.14%
- 6M
- 15.52%
- 1Y
- 97.42%
- 3Y*
- 28.24%
- 5Y*
- 23.31%
- 10Y*
- 19.75%
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TMET vs. XME - Expense Ratio Comparison
TMET has a 0.48% expense ratio, which is higher than XME's 0.35% expense ratio.
Return for Risk
TMET vs. XME — Risk / Return Rank
TMET
XME
TMET vs. XME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Transition-Enabling Metals ETF (TMET) 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.
| TMET | XME | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 2.74 | -1.21 |
Sortino ratioReturn per unit of downside risk | 1.83 | 3.15 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 4.30 | -2.24 |
Martin ratioReturn relative to average drawdown | 5.95 | 12.24 | -6.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMET | XME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.74 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.16 | +0.97 |
Correlation
The correlation between TMET 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.
Dividends
TMET vs. XME - Dividend Comparison
TMET's dividend yield for the trailing twelve months is around 13.81%, more than XME's 0.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMET iShares Transition-Enabling Metals ETF | 13.81% | 14.78% | 29.62% | 1.02% | 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
TMET vs. XME - Drawdown Comparison
The maximum TMET drawdown since its inception was -22.20%, smaller than the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for TMET and XME.
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Drawdown Indicators
| TMET | XME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -85.89% | +63.69% |
Max Drawdown (1Y)Largest decline over 1 year | -22.20% | -22.60% | +0.40% |
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 | -15.85% | -16.34% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -44.44% | +38.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 7.94% | -0.25% |
Volatility
TMET vs. XME - Volatility Comparison
The current volatility for iShares Transition-Enabling Metals ETF (TMET) is 9.35%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 11.19%. This indicates that TMET 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.
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Volatility by Period
| TMET | XME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 11.19% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 27.18% | 28.06% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.94% | 35.81% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.02% | 32.47% | -8.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.02% | 32.97% | -8.95% |