XME vs. XLBI

Last updated Jul 12, 2026

XME (SPDR S&P Metals & Mining ETF) and XLBI (State Street Materials Select Sector SPDR Premium Income ETF) are both exchange-traded funds - XME is a Materials fund tracking the S&P Metals & Mining Select Industry Index, while XLBI is a Derivative Income fund actively managed by State Street. XME is passively managed, while XLBI is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

XME vs. XLBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Metals & Mining ETF (XME) and State Street Materials Select Sector SPDR Premium Income ETF (XLBI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XME achieves a 0.21% return, which is significantly lower than XLBI's 7.80% return.

XME

• 1D: 0.44%
• 1M: -13.85%
• 6M: -11.18%
• YTD: 0.21%
• 1Y: 42.31%
• 3Y*: 27.04%
• 5Y*: 19.96%
• 10Y*: 15.69%

XLBI

• 1D: 1.59%
• 1M: -0.81%
• 6M: 5.53%
• YTD: 7.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XME vs. XLBI - Yearly Performance Comparison

	2026 (YTD)	2025
XME SPDR S&P Metals & Mining ETF	0.21%	38.16%
XLBI State Street Materials Select Sector SPDR Premium Income ETF	7.80%	2.25%

Correlation

The correlation between XME and XLBI is 0.64, 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 Jul 30, 2025	0.64

XME vs. XLBI - Sectors Allocation Comparison

Sectors	XME	XLBI
Basic Materials	74.8%	-
Energy	24.1%	-
Technology	2.2%	-
Consumer Defensive	0.6%	-
Industrials	0.5%	-
Communication Services	-	-
Consumer Cyclical	-	-
Financial Services	-	98.9%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XME vs. XLBI — Risk / Return Rank

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

XME

XME Risk / Return Rank: 42
XME Sharpe Ratio Rank: 44
XME Sortino Ratio Rank: 41
XME Omega Ratio Rank: 41
XME Calmar Ratio Rank: 47
XME Martin Ratio Rank: 35

XLBI

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.

XME vs. XLBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) and State Street Materials Select Sector SPDR Premium Income ETF (XLBI). 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.

	XME	XLBI	Difference
Sharpe ratio: Return per unit of total volatility	1.23	—	—
Sortino ratio: Return per unit of downside risk	1.73	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.92	—	—
Martin ratio: Return relative to average drawdown	4.32	—	—

Drawdowns

XME vs. XLBI - Drawdown Comparison

The maximum XME drawdown since its inception was -85.89%, which is greater than XLBI's maximum drawdown of -10.62%. Use the drawdown chart below to compare losses from any high point for XME and XLBI.

Drawdown Indicators

	XME	XLBI	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-10.62%	-75.27%
Max Drawdown (1Y) Largest decline over 1 year	-23.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.69%	—	—
Current Drawdown Current decline from peak	-21.88%	-1.88%	-20.00%
Average Drawdown Average peak-to-trough decline	-44.00%	-2.10%	-41.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.28%	—	—

Volatility

Volatility by Period

	XME	XLBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.46%	13.93%	+22.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.70%	13.93%	+18.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.84%	13.93%	+18.91%

XME vs. XLBI - Expense Ratio Comparison

Both XME and XLBI have an expense ratio of 0.35%.

Dividends

XME vs. XLBI - Dividend Comparison

XME's dividend yield for the trailing twelve months is around 0.36%, less than XLBI's 14.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XLBI State Street Materials Select Sector SPDR Premium Income ETF	14.84%	7.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XME SPDR S&P Metals & Mining ETF	0.36%	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 XLBI in my portfolio?

XME and XLBI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XME or XLBI?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XME or XLBI?

XME and XLBI have the same expense ratio: 0.35% per year.

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

XLBI has the higher dividend yield at 14.84%, compared with 0.36% for XME.

What is the main difference between XME and XLBI?

XME is categorized as Materials, while XLBI is Derivative Income.