XME vs. SLX
Compare and contrast key facts about SPDR S&P Metals & Mining ETF (XME) and VanEck Vectors Steel ETF (SLX).
XME and SLX 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. SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006. Both XME and SLX 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 SLX.
Correlation
The correlation between XME and SLX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XME vs. SLX - Performance Comparison
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Key characteristics
XME:
-0.16
SLX:
-0.31
XME:
0.05
SLX:
-0.24
XME:
1.01
SLX:
0.97
XME:
-0.10
SLX:
-0.28
XME:
-0.28
SLX:
-0.69
XME:
12.64%
SLX:
11.27%
XME:
30.53%
SLX:
27.16%
XME:
-85.94%
SLX:
-82.14%
XME:
-21.23%
SLX:
-12.25%
Returns By Period
In the year-to-date period, XME achieves a 4.25% return, which is significantly lower than SLX's 8.54% return. Over the past 10 years, XME has underperformed SLX with an annualized return of 8.96%, while SLX has yielded a comparatively higher 10.03% annualized return.
XME
4.25%
8.44%
-10.03%
-4.82%
27.00%
8.96%
SLX
8.54%
11.57%
-4.56%
-8.48%
28.24%
10.03%
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XME vs. SLX - Expense Ratio Comparison
XME has a 0.35% expense ratio, which is lower than SLX's 0.56% expense ratio.
Risk-Adjusted Performance
XME vs. SLX — Risk-Adjusted Performance Rank
XME
SLX
XME vs. SLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) and VanEck Vectors Steel ETF (SLX). 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.
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Dividends
XME vs. SLX - Dividend Comparison
XME's dividend yield for the trailing twelve months is around 0.57%, less than SLX's 3.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 0.57% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% |
SLX VanEck Vectors Steel ETF | 3.28% | 3.55% | 2.80% | 4.97% | 7.07% | 1.87% | 2.77% | 6.26% | 2.44% | 1.06% | 5.35% | 3.27% |
Drawdowns
XME vs. SLX - Drawdown Comparison
The maximum XME drawdown since its inception was -85.94%, roughly equal to the maximum SLX drawdown of -82.14%. Use the drawdown chart below to compare losses from any high point for XME and SLX. For additional features, visit the drawdowns tool.
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Volatility
XME vs. SLX - Volatility Comparison
The current volatility for SPDR S&P Metals & Mining ETF (XME) is 6.16%, while VanEck Vectors Steel ETF (SLX) has a volatility of 6.86%. This indicates that XME experiences smaller price fluctuations and is considered to be less risky than SLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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