ATLASSPDR S&P Metals & Mining ETF (XME): outlook, holdings and fees
SPDR S&P Metals & Mining ETF (XME) is an exchange-traded fund and is managed by State Street Investment Management. The expense ratio is 0.35% and the yield is 0.32%. The ten largest holdings are 51% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on XME
| Last price | $99.18 (+1.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 50% |
| Likely 1-month range (50%) | $93.60 – $105.30 |
| Normal 1-day range (±1σ) | ±2.0% |
| Distribution yield | 0.32% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
XME fund facts
| Issuer | State Street Investment Management |
|---|---|
| Theme | Materials & mining |
| Assets under management | $4.2B |
| Expense ratio | 0.35% |
| Number of holdings | 38 |
| Portfolio turnover | 32% |
| Inception | Jun 19, 2006 |
| Exchange | NYSE |
In seeking to track the performance of the S&P Metals & Mining Select Industry Index (the index), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the metals and mining segment of the S&P Total Market Index (S&P TMI). The fund is non-diversified.
XME top holdings
| Holding | Sector | Weight |
|---|---|---|
| Cleveland-Cliffs Inc CLF | Basic Materials | 5.74% |
| Reliance Steel & Aluminum Co RS | Basic Materials | 5.19% |
| Steel Dynamics Inc STLD | Basic Materials | 5.08% |
| Nucor Corp NUE | Basic Materials | 5.30% |
| Materion Corporation MTRN | Basic Materials | 5.37% |
| Freeport-McMoran Copper & Gold Inc FCX | Basic Materials | 5.12% |
| Commercial Metals Company CMC | Industrials | 5.04% |
| Newmont Goldcorp Corp NEM | Basic Materials | 5.06% |
| Royal Gold Inc RGLD | Basic Materials | 4.59% |
| MP Materials Corp MP | Basic Materials | 4.39% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
XME sector breakdown
| Sector | Weight |
|---|---|
| Basic Materials | 80.7% |
| Energy | 13.3% |
| Industrials | 6.0% |
By region: North America 100.0%.
XME returns and risk
| Year to date | +2.8% |
|---|---|
| 1 year | +4.3% |
| 3 years (annualised) | +27.6% |
| 5 years (annualised) | +20.8% |
| 10 years (annualised) | +16.3% |
| Volatility (3 years) | 30.7% |
| Sharpe ratio (3 years) | 0.76 |
Past returns do not guarantee future results.
XME: frequently asked questions
What does XME invest in?
SPDR S&P Metals & Mining ETF invests in a portfolio of securities. Its largest holdings are Cleveland-Cliffs Inc (5.7%), Reliance Steel & Aluminum Co (5.2%), Steel Dynamics Inc (5.1%), Nucor Corp (5.3%), Materion Corporation (5.4%).
What is the XME expense ratio?
0.35% a year: about $35.00 for every $10,000 invested.
What is the XME dividend yield?
0.32%. ATLAS does not hold the exact distribution dates for ETFs.
Will XME go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 50%, with a likely range (50%) of $93.60 to $105.30 from $99.18 today. It is a probability, not a prediction.
How has XME performed?
Year to date +2.8%, one year +4.3%, three years +27.6% a year, five years +20.8% a year. Past returns do not guarantee future results.
Similar ETFs: Materials & mining
- State Street Materials Select Sector SPDR ETF (XLB)
- Vanguard Materials Index Fund ETF Shares (VAW)
- abrdn Physical Precious Metals Basket Shares ETF (GLTR)
- iShares MSCI Global Metals & Mining Producers ETF (PICK)
- VanEck Rare Earth and Strategic Metals ETF (REMX)
- iShares U.S. Basic Materials ETF (IYM)
- Fidelity MSCI Materials Index ETF (FMAT)
- Sprott Critical Materials ETF (SETM)
Educational information, not investment advice. Disclaimer