XME vs. ROKT

Last updated Jun 9, 2026

XME (SPDR S&P Metals & Mining ETF) and ROKT (SPDR S&P Kensho Final Frontiers ETF) are both exchange-traded funds - XME is a Materials fund tracking the S&P Metals & Mining Select Industry Index, while ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index. Both are passively managed. Over the past 5 years, XME returned 21.45%/yr vs 23.78%/yr for ROKT. A 0.66 correlation means they provide meaningful diversification when combined. XME charges 0.35%/yr vs 0.45%/yr for ROKT.

Performance

XME vs. ROKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Metals & Mining ETF (XME) and SPDR S&P Kensho Final Frontiers ETF (ROKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XME achieves a 14.53% return, which is significantly lower than ROKT's 41.32% return.

XME

• 1D: -0.01%
• 1M: -1.95%
• YTD: 14.53%
• 6M: 20.99%
• 1Y: 84.92%
• 3Y*: 35.78%
• 5Y*: 21.45%
• 10Y*: 19.09%

ROKT

• 1D: 1.04%
• 1M: 5.86%
• YTD: 41.32%
• 6M: 49.83%
• 1Y: 98.96%
• 3Y*: 42.83%
• 5Y*: 23.78%
• 10Y*: —

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

XME vs. ROKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XME SPDR S&P Metals & Mining ETF	14.53%	83.47%	-4.54%	21.51%	13.13%	34.92%	15.95%	14.69%	-17.78%
ROKT SPDR S&P Kensho Final Frontiers ETF	41.32%	50.56%	27.89%	14.41%	-0.81%	4.63%	7.99%	40.90%	-13.20%

Correlation

The correlation between XME and ROKT is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018	0.66

The correlation between XME and ROKT has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.

XME vs. ROKT - Sectors Allocation Comparison

Sectors	XME	ROKT
Basic Materials	75.3%	-
Energy	23.4%	7.3%
Technology	2.2%	23.3%
Consumer Defensive	0.8%	-
Industrials	0.4%	64.1%
Communication Services	-	5.3%
Consumer Cyclical	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XME vs. ROKT — Risk / Return Rank

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

XME

XME Risk / Return Rank: 72
XME Sharpe Ratio Rank: 82
XME Sortino Ratio Rank: 70
XME Omega Ratio Rank: 70
XME Calmar Ratio Rank: 80
XME Martin Ratio Rank: 59

ROKT

ROKT Risk / Return Rank: 93
ROKT Sharpe Ratio Rank: 94
ROKT Sortino Ratio Rank: 90
ROKT Omega Ratio Rank: 88
ROKT Calmar Ratio Rank: 95
ROKT Martin Ratio Rank: 95

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.

XME vs. ROKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) and SPDR S&P Kensho Final Frontiers ETF (ROKT). 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.

	XME	ROKT	Difference
Sharpe ratio: Return per unit of total volatility	2.40	3.34	-0.94
Sortino ratio: Return per unit of downside risk	2.85	3.87	-1.02
Omega ratio: Gain probability vs. loss probability	1.37	1.50	-0.13
Calmar ratio: Return relative to maximum drawdown	3.78	7.66	-3.89
Martin ratio: Return relative to average drawdown	9.55	29.72	-20.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XME vs. ROKT - Sharpe Ratio Comparison

The current XME Sharpe Ratio is 2.40, which is comparable to the ROKT Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of XME and ROKT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XME	ROKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	3.34	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	1.04	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.83	-0.67

Drawdowns

XME vs. ROKT - Drawdown Comparison

The maximum XME drawdown since its inception was -85.89%, which is greater than ROKT's maximum drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for XME and ROKT.

Drawdown Indicators

	XME	ROKT	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-43.16%	-42.73%
Max Drawdown (1Y) Largest decline over 1 year	-22.60%	-12.99%	-9.61%
Max Drawdown (3Y) Largest decline over 3 years	-30.47%	-23.46%	-7.01%
Max Drawdown (5Y) Largest decline over 5 years	-37.27%	-23.46%	-13.81%
Max Drawdown (10Y) Largest decline over 10 years	-61.69%	—	—
Current Drawdown Current decline from peak	-10.72%	-12.08%	+1.36%
Average Drawdown Average peak-to-trough decline	-44.12%	-6.76%	-37.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.92%	3.34%	+5.58%

Volatility

XME vs. ROKT - Volatility Comparison

SPDR S&P Metals & Mining ETF (XME) and SPDR S&P Kensho Final Frontiers ETF (ROKT) have volatilities of 14.01% and 14.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XME	ROKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.01%	14.61%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	27.83%	26.01%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	35.60%	29.86%	+5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.72%	23.02%	+9.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.91%	25.26%	+7.65%

XME vs. ROKT - Expense Ratio Comparison

XME has a 0.35% expense ratio, which is lower than ROKT's 0.45% expense ratio.

Dividends

XME vs. ROKT - Dividend Comparison

XME's dividend yield for the trailing twelve months is around 0.32%, more than ROKT's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ROKT SPDR S&P Kensho Final Frontiers ETF	0.28%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%	0.00%	0.00%	0.00%
XME SPDR S&P Metals & Mining ETF	0.32%	0.38%	0.65%	1.00%	1.64%	0.70%	0.99%	2.43%	2.23%	1.15%	1.02%	2.61%

Frequently Asked Questions

Can I hold both XME and ROKT in my portfolio?

XME and ROKT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XME or ROKT?

ROKT has higher volatility (14.61%) compared to XME (14.01%). In terms of maximum drawdown, XME dropped -85.89% vs ROKT's -43.16%.

Which ETF is better, XME or ROKT?

On 5-year performance, ROKT leads with 23.78% vs 21.45% for XME. On fees, XME is cheaper at 0.35% per year. On volatility, XME has been the lower-risk option at 14.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XME or ROKT?

Over the 5-year period, ROKT has performed better with a 23.78% return vs 21.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XME or ROKT?

XME is cheaper with a 0.35% expense ratio, compared with 0.45% for ROKT.

Which ETF pays a higher dividend yield, XME or ROKT?

XME has the higher dividend yield at 0.32%, compared with 0.28% for ROKT.

What is the main difference between XME and ROKT?

XME is categorized as Materials, while ROKT is Industrials Equities. XME tracks S&P Metals & Mining Select Industry Index, while ROKT tracks S&P Kensho Final Frontiers Index. Their fees differ too: 0.35% for XME and 0.45% for ROKT.

Which has better risk-adjusted returns?

ROKT currently has the higher Sharpe Ratio (3.34 vs 2.40), 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.