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SPDR S&P Metals & Mining ETF

XME
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 19 2006
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$130,285,619
AUM
$1,723,643,413
Associated Index
S&P Metals & Mining Select Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

ARCH
Arch Resources Inc - Ordinary Shares - Class A
4.69%
AMR
Alpha Metallurgical Resources Inc
4.55%
NEM
Newmont Corp
4.43%
BTU
Peabody Energy Corp. - Ordinary Shares New
4.38%
X
United States Steel Corp.
4.38%
RGLD
Royal Gold, Inc.
4.34%
CLF
Cleveland-Cliffs Inc
4.28%
CEIX
Consol Energy Inc
4.26%
AA
Alcoa Corp
4.25%
CRS
Carpenter Technology Corp.
4.20%
Invest with XME

What is XME?

The SPDR S&P Metals & Mining ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Metals and Mining Select Industry Index (the Index ). The S&P Metals & Mining Select Industry Index (the Index ) represents the metals and mining segment of the S&PTotal Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The metals & mining segment of the S&P TMI comprises the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the Select Industry Indices ), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standard ( GICS ).

ETFs related toXME

ETFs correlated to XME include FXZ, IYM, SLX

XME
SPDR Series Trust - SPDR Metals & Mining ETF
FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
SLX
VanEck ETF Trust - VanEck Steel ETF
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
XLB
SSgA Active Trust - Materials Select Sector SPDR
QVAL
EA Series Trust - Alpha Architect U.S. Quantitative Value ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toXME

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with XME using Composer

FAQ

XME is a US Equities ETF. The SPDR S&P Metals & Mining ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Metals and Mining Select Industry Index (the Index ). The S&P Metals & Mining Select Industry Index (the Index ) represents the metals and mining segment of the S&PTotal Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The metals & mining segment of the S&P TMI comprises the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the Select Industry Indices ), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standard ( GICS ).

XME tracks the S&P Metals & Mining Select Industry Index.

No, XME is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XME is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XME is 0.0358%. This is the percent change in the value of XME over the most recent 1-month period. The 3-month return on XME is 0.0643%. This is the percent change in the value of XME over the most recent 3-month period.

The standard deviation of XME for the past year is 0.3126%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XME include XLI, XLY, and XLV.

ETFs correlated to XME include FXZ, IYM, and SLX.

ETFs that are inversely correlated to XME include TZA, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.