XME vs. FXZ
Compare and contrast key facts about SPDR S&P Metals & Mining ETF (XME) and First Trust Materials AlphaDEX Fund (FXZ).
XME and FXZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. Both XME and FXZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XME or FXZ.
Key characteristics
| XME | FXZ | |
|---|---|---|
| YTD Return | 12.37% | -6.05% |
| 1Y Return | 36.60% | 8.37% |
| 3Y Return (Ann) | 13.63% | 2.07% |
| 5Y Return (Ann) | 21.62% | 12.16% |
| 10Y Return (Ann) | 8.20% | 8.81% |
| Sharpe Ratio | 1.40 | 0.42 |
| Sortino Ratio | 1.99 | 0.72 |
| Omega Ratio | 1.25 | 1.09 |
| Calmar Ratio | 1.05 | 0.48 |
| Martin Ratio | 5.61 | 1.17 |
| Ulcer Index | 6.50% | 6.86% |
| Daily Std Dev | 26.13% | 19.05% |
| Max Drawdown | -85.94% | -65.46% |
| Current Drawdown | -11.06% | -10.32% |
Correlation
The correlation between XME and FXZ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XME vs. FXZ - Performance Comparison
In the year-to-date period, XME achieves a 12.37% return, which is significantly higher than FXZ's -6.05% return. Over the past 10 years, XME has underperformed FXZ with an annualized return of 8.20%, while FXZ has yielded a comparatively higher 8.81% 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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XME vs. FXZ - Expense Ratio Comparison
XME has a 0.35% expense ratio, which is lower than FXZ's 0.67% expense ratio.
Risk-Adjusted Performance
XME vs. FXZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) and First Trust Materials AlphaDEX Fund (FXZ). 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
XME vs. FXZ - Dividend Comparison
XME's dividend yield for the trailing twelve months is around 0.60%, less than FXZ's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 0.60% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
FXZ First Trust Materials AlphaDEX Fund | 1.56% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
Drawdowns
XME vs. FXZ - Drawdown Comparison
The maximum XME drawdown since its inception was -85.94%, which is greater than FXZ's maximum drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for XME and FXZ. For additional features, visit the drawdowns tool.
Volatility
XME vs. FXZ - Volatility Comparison
SPDR S&P Metals & Mining ETF (XME) has a higher volatility of 9.94% compared to First Trust Materials AlphaDEX Fund (FXZ) at 5.94%. This indicates that XME's price experiences larger fluctuations and is considered to be riskier than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.