Market Data
SPDR S&P Metals & Mining ETF (XME) is a natural resources exchange-traded fund from State Street Investment Management, launched Jun 19, 2006. Its latest SEC N-PORT filing lists 43 positions, with 54.1% of the fund in the ten largest. The fund charges an expense ratio of 0.35% a year and holds $3.7B in assets.
Holdings & Allocation
SPDR S&P Metals & Mining ETF's largest position is CLF at 6.80% of the fund, and its top 10 holdings add up to 54.1% of 43 positions. By sector, the biggest exposure is Materials at 80.7%.
Distributions
SPDR S&P Metals & Mining ETF paid $0.345 per share over the last 12 months, a trailing 12-month distribution yield of 0.38% at the current price. It pays quarterly.
| Ex-date | Amount | Type |
|---|---|---|
| Sep 21, 2026 | $0.073 | Regular |
| Jun 22, 2026 | $0.08 | Regular |
| Mar 23, 2026 | $0.063 | Regular |
| Dec 22, 2025 | $0.129 | Regular |
| Sep 22, 2025 | $0.101 | Regular |
| Jun 23, 2025 | $0.09 | Regular |
| Mar 24, 2025 | $0.069 | Regular |
| Dec 23, 2024 | $0.065 | Regular |
Yield counts regular payments only and is computed from paid distributions and the latest close; it is not the SEC 30-day yield. The next ex-date is estimated from the payment schedule.
Behaviour On Record
SPDR S&P Metals & Mining ETF is currently running 32.2% annualised volatility over the last 21 sessions. Measured against XME's own 13 years of daily returns rather than a market-wide average, that is the 61st percentile — a little above its own norm, against a typical reading of 28.8%.
XME is trading -27.5% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -25.7%, and the deepest was -53.5% in 2015. The current drawdown is already deeper than this fund's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.
Price sits -15.2% from its 200-day moving average. Against every other day in its history, that gap ranks at the 13th percentile — a narrower gap than it typically runs. Over the past year XME closed higher on 51% of sessions, and it is currently 5 sessions into a falling streak.
On November specifically: over 13 years of records, XME finished the month higher 7 of 13 times, with a median return of +2.0% and an average of +3.0%. Its strongest month historically has been July at +3.2% on average, its weakest March at -2.6%.
Overnight risk is measurable too: XME has opened more than 2% away from the prior close in 197 of 3,267 sessions (6.0% of the time), with the largest gaps running +7.3% and -8.8%.
All figures computed from 3,268 daily closes between 2013-11-06 and 2026-11-04, split-adjusted, recomputed daily. Percentiles are against XME's own 13-year history, not a peer group or index.
Industry Rotation
XME tracks Metals & Mining, which ranks 12 of 15 industry ETFs on DailyIQ's rotation score (21/100) and is classed as Lagging. Over the last three months it has trailed the S&P 500 (SPY) by 17.4 points.
| Period | XME | vs SPY |
|---|---|---|
| 1 week | -10.5% | -7.6% |
| 1 month | -13.8% | -8.7% |
| 3 months | -22.2% | -17.4% |
| Year to date | -12.8% | -20.6% |
| 1 year | +1.6% | -7.8% |
Rotation score is a percentile within the industry group, built from relative strength against SPY over 1 week, 1 month and 3 months, its acceleration, rank change, volume and position against the 20- and 50-day averages, as of the Nov 6, 2026 close. See all sectors.
News & sentiment
XME fell 16.1% over the month to Nov 5.
Technical analysis
On the daily chart XME ranks at the 54th percentile for momentum against 1,060 stocks and ETFs, a neutral reading.
Institutional ownership
35 of the 73 tracked managers added to XME in their latest 13F and 30 trimmed. Together their positions are worth $2.1B.
Discover more
Over the six months to Nov 5, XME returned −24.4%. Of the 15 related stocks and ETFs, 14 did better, led by FNV at +11.4%.
