XLI vs. METL

Last updated Jul 21, 2026

XLI (Industrial Select Sector SPDR Fund) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - XLI is a Industrials Equities fund tracking the Industrial Select Sector Index, while METL is a Natural Resources fund actively managed by Sprott. XLI is passively managed, while METL is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. XLI charges 0.08%/yr vs 0.89%/yr for METL.

Performance

XLI vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Industrial Select Sector SPDR Fund (XLI) and Sprott Active Metals & Miners ETF (METL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLI achieves a 15.43% return, which is significantly higher than METL's -6.10% return.

XLI

• 1D: -0.72%
• 1M: -1.30%
• 6M: 7.29%
• YTD: 15.43%
• 1Y: 19.12%
• 3Y*: 19.29%
• 5Y*: 13.15%
• 10Y*: 13.76%
• ALL TIME*: 9.61%

METL

• 1D: -0.92%
• 1M: -15.36%
• 6M: -19.31%
• YTD: -6.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

XLI vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
XLI Industrial Select Sector SPDR Fund	15.43%	4.02%
METL Sprott Active Metals & Miners ETF	-6.10%	28.19%

Correlation

The correlation between XLI and METL is 0.51, 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 10, 2025	0.51

Return for Risk

XLI vs. METL — Risk / Return Rank

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

XLI

XLI Risk / Return Rank: 43
XLI Sharpe Ratio Rank: 43
XLI Sortino Ratio Rank: 43
XLI Omega Ratio Rank: 39
XLI Calmar Ratio Rank: 40
XLI Martin Ratio Rank: 49

METL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

XLI vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) 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.

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.

	XLI	METL	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.57	—	—
Martin ratio: Return relative to average drawdown	6.09	—	—

Drawdowns

XLI vs. METL - Drawdown Comparison

The maximum XLI drawdown since its inception was -62.26%, which is greater than METL's maximum drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for XLI and METL.

Drawdown Indicators

	XLI	METL	Difference
Max Drawdown Largest peak-to-trough decline	-62.26%	-28.80%	-33.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.33%	—	—
Current Drawdown Current decline from peak	-4.01%	-28.80%	+24.79%
Average Drawdown Average peak-to-trough decline	-9.17%	-10.00%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	—	—

Volatility

Volatility by Period

	XLI	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.68%	44.16%	-27.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	44.16%	-26.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.01%	44.16%	-24.15%

XLI vs. METL - Expense Ratio Comparison

XLI has a 0.08% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

XLI vs. METL - Dividend Comparison

XLI's dividend yield for the trailing twelve months is around 1.16%, more than METL's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
METL Sprott Active Metals & Miners ETF	1.06%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLI Industrial Select Sector SPDR Fund	1.16%	1.29%	1.44%	1.63%	1.63%	1.25%	1.55%	1.94%	2.15%	1.77%	2.07%	2.15%

Frequently Asked Questions

Can I hold both XLI and METL in my portfolio?

XLI and METL have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLI or METL?

On fees, XLI is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLI or METL?

XLI is cheaper with a 0.08% expense ratio, compared with 0.89% for METL.

Which ETF pays a higher dividend yield, XLI or METL?

XLI has the higher dividend yield at 1.16%, compared with 1.06% for METL.

What is the main difference between XLI and METL?

XLI is categorized as Industrials Equities, while METL is Natural Resources. They also come from different issuers: State Street and Sprott. Their fees differ too: 0.08% for XLI and 0.89% for METL.