XEM-USD vs. XME
XEM-USD (NEM) is a cryptocurrency, while XME (SPDR S&P Metals & Mining ETF) is Materials fund tracking the S&P Metals & Mining Select Industry Index. Over the past 5 years, XEM-USD returned -65.66%/yr vs 21.46%/yr for XME. At a 0.15 correlation, their price movements are largely independent.
Performance
XEM-USD vs. XME - Performance Comparison
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Returns By Period
In the year-to-date period, XEM-USD achieves a -56.79% return, which is significantly lower than XME's 5.09% return.
XEM-USD
- 1D
- -0.53%
- 1M
- -6.67%
- YTD
- -56.79%
- 6M
- -59.44%
- 1Y
- -89.72%
- 3Y*
- -73.91%
- 5Y*
- -65.66%
- 10Y*
- —
XME
- 1D
- 1.42%
- 1M
- -11.28%
- YTD
- 5.09%
- 6M
- 0.94%
- 1Y
- 66.55%
- 3Y*
- 31.16%
- 5Y*
- 21.46%
- 10Y*
- 18.64%
XEM-USD vs. XME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEM-USD NEM | -56.79% | -95.00% | -39.05% | 36.89% | -76.79% | -40.13% | 542.53% | -49.78% | -93.76% | 465.78% |
XME SPDR S&P Metals & Mining ETF | 5.09% | 83.47% | -4.54% | 21.51% | 13.13% | 34.92% | 15.95% | 14.69% | -26.78% | 25.82% |
Correlation
The correlation between XEM-USD and XME is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 31, 2017 | 0.15 |
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Return for Risk
XEM-USD vs. XME — Risk / Return Rank
XEM-USD
XME
XEM-USD vs. XME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEM (XEM-USD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XEM-USD | XME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.30 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.96 | -3.95 |
| Martin ratioReturn relative to average drawdown | -1.19 | 7.11 | -8.29 |
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Drawdowns
XEM-USD vs. XME - Drawdown Comparison
The maximum XEM-USD drawdown since its inception was -99.97%, which is greater than XME's maximum drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for XEM-USD and XME.
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Drawdown Indicators
| XEM-USD | XME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -85.89% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -90.19% | -22.60% | -67.59% |
Max Drawdown (3Y)Largest decline over 3 years | -99.15% | -30.47% | -68.68% |
Max Drawdown (5Y)Largest decline over 5 years | -99.79% | -37.27% | -62.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -99.97% | -18.08% | -81.89% |
Average DrawdownAverage peak-to-trough decline | -90.12% | -44.04% | -46.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.95% | 9.39% | +35.56% |
Volatility
XEM-USD vs. XME - Volatility Comparison
NEM (XEM-USD) has a higher volatility of 17.71% compared to SPDR S&P Metals & Mining ETF (XME) at 13.63%. This indicates that XEM-USD'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.
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Volatility by Period
| XEM-USD | XME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.71% | 13.63% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 51.92% | 28.38% | +23.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.02% | 36.53% | +58.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.96% | 32.77% | +55.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.52% | 32.92% | +70.60% |
Frequently Asked Questions
XEM-USD and XME have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEM-USD has higher volatility (17.71%) compared to XME (13.63%). In terms of maximum drawdown, XEM-USD dropped -99.97% vs XME's -85.89%.
XME currently has the higher Sharpe Ratio (1.83 vs -0.79), 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.
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