XLB vs. METL
XLB (Materials Select Sector SPDR ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - XLB is a Materials fund tracking the Materials Select Sector Index, while METL is a Commodity Producers Equities fund actively managed by Sprott. XLB is passively managed, while METL is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. XLB charges 0.13%/yr vs 0.89%/yr for METL.
Performance
XLB vs. METL - Performance Comparison
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Returns By Period
In the year-to-date period, XLB achieves a 10.66% return, which is significantly higher than METL's 7.51% return.
XLB
- 1D
- -1.32%
- 1M
- -3.16%
- YTD
- 10.66%
- 6M
- 16.01%
- 1Y
- 16.06%
- 3Y*
- 10.29%
- 5Y*
- 5.04%
- 10Y*
- 9.85%
METL
- 1D
- 0.05%
- 1M
- -9.97%
- YTD
- 7.51%
- 6M
- 15.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLB vs. METL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLB Materials Select Sector SPDR ETF | 10.66% | 0.98% |
METL Sprott Active Metals & Miners ETF | 7.51% | 27.04% |
Correlation
The correlation between XLB and METL is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.63 |
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Return for Risk
XLB vs. METL — Risk / Return Rank
XLB
METL
XLB vs. METL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Materials Select Sector SPDR ETF (XLB) and Sprott Active Metals & Miners ETF (METL). 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.
| XLB | METL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | — | — |
| Martin ratioReturn relative to average drawdown | 4.02 | — | — |
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
| XLB | METL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 1.18 | -0.82 |
Drawdowns
XLB vs. METL - Drawdown Comparison
The maximum XLB drawdown since its inception was -59.83%, which is greater than METL's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for XLB and METL.
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Drawdown Indicators
| XLB | METL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.83% | -27.39% | -32.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.27% | — | — |
Current DrawdownCurrent decline from peak | -6.41% | -18.48% | +12.07% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -8.24% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | — | — |
Volatility
XLB vs. METL - Volatility Comparison
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Volatility by Period
| XLB | METL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 44.85% | -27.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 44.85% | -25.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.66% | 44.85% | -24.19% |
XLB vs. METL - Expense Ratio Comparison
XLB has a 0.13% expense ratio, which is lower than METL's 0.89% expense ratio.
Dividends
XLB vs. METL - Dividend Comparison
XLB's dividend yield for the trailing twelve months is around 1.75%, more than METL's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 0.92% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLB Materials Select Sector SPDR ETF | 1.75% | 1.92% | 1.92% | 2.00% | 2.26% | 1.62% | 1.72% | 1.98% | 2.20% | 1.66% | 1.95% | 2.24% |
Frequently Asked Questions
XLB and METL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLB is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLB is cheaper with a 0.13% expense ratio, compared with 0.89% for METL.
XLB has the higher dividend yield at 1.75%, compared with 0.92% for METL.
XLB is categorized as Materials, while METL is Commodity Producers Equities. They also come from different issuers: State Street and Sprott. Their fees differ too: 0.13% for XLB and 0.89% for METL.
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