XME vs. PICK
Compare and contrast key facts about SPDR S&P Metals & Mining ETF (XME) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK).
XME and PICK 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. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. Both XME and PICK 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 PICK.
Key characteristics
| XME | PICK | |
|---|---|---|
| YTD Return | 10.60% | -9.51% |
| 1Y Return | 27.96% | 0.18% |
| 3Y Return (Ann) | 13.01% | 1.99% |
| 5Y Return (Ann) | 21.11% | 11.51% |
| 10Y Return (Ann) | 8.03% | 5.89% |
| Sharpe Ratio | 1.32 | 0.20 |
| Sortino Ratio | 1.89 | 0.43 |
| Omega Ratio | 1.24 | 1.05 |
| Calmar Ratio | 1.08 | 0.20 |
| Martin Ratio | 5.29 | 0.49 |
| Ulcer Index | 6.51% | 9.19% |
| Daily Std Dev | 26.19% | 22.67% |
| Max Drawdown | -85.94% | -68.88% |
| Current Drawdown | -12.46% | -17.72% |
Correlation
The correlation between XME and PICK is 0.76, 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. PICK - Performance Comparison
In the year-to-date period, XME achieves a 10.60% return, which is significantly higher than PICK's -9.51% return. Over the past 10 years, XME has outperformed PICK with an annualized return of 8.03%, while PICK has yielded a comparatively lower 5.89% 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. PICK - Expense Ratio Comparison
XME has a 0.35% expense ratio, which is lower than PICK's 0.39% expense ratio.
Risk-Adjusted Performance
XME vs. PICK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). 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. PICK - Dividend Comparison
XME's dividend yield for the trailing twelve months is around 0.61%, less than PICK's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 0.61% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 3.96% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% | 2.88% | 3.39% |
Drawdowns
XME vs. PICK - Drawdown Comparison
The maximum XME drawdown since its inception was -85.94%, which is greater than PICK's maximum drawdown of -68.88%. Use the drawdown chart below to compare losses from any high point for XME and PICK. For additional features, visit the drawdowns tool.
Volatility
XME vs. PICK - Volatility Comparison
SPDR S&P Metals & Mining ETF (XME) has a higher volatility of 10.06% compared to iShares MSCI Global Select Metals & Mining Producers ETF (PICK) at 7.43%. This indicates that XME's price experiences larger fluctuations and is considered to be riskier than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.