State Street SPDR S&P Metals & Mining ETF (XME) is a commodities and metals ETF. As of October 28, 2026, ETF Copilot scores XME 4.9 out of 10 — highest on Return (8.5), lowest on Quality (0.7). Its ten largest holdings are 53% of the fund.
What stands out in XME's data
Tracks U.S. metals and mining stocks, a commodities sector fund.
Trades at a richer price than most commodity-sector peers — you pay more for the same earnings stream.
Its trailing EBITDA multiple of 9.7x sits above the category median of 7.2x. The fund holds 38 names, a narrow basket.
Adds targeted exposure to raw-materials producers, a cyclical portfolio diversifier.
How is XME rated? ETF Copilot scores State Street SPDR S&P Metals & Mining ETF (XME) 4.9 out of 10
As of October 28, 2026, ETF Copilot scores State Street SPDR S&P Metals & Mining ETF (XME) 4.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.9 / 10
- Growth: 8.3 / 10
- Value: 2.8 / 10
- Risk: 1.0 / 10
- Quality: 0.7 / 10
- Return: 8.5 / 10
What's inside XME?
What's inside XME: Size (Large 21%, Mid 44%, Small 35%); Geography (International 2%, US 98%); Tech 1.1%.
What are XME's top holdings? The ten largest are 53% of the fund
Cleveland Cliffs, Reliance, Nucor, Steel Dynamics, Commercial Metals, Royal Gold, Newmont, Freeport-McMoRan, Materion and Alcoa are XME's largest holdings, in that order.
Less concentrated than 69% of Commodities & Metals ETFs.
Half of XME's weight sits in its 10 largest positions, and once those weights are taken into account it behaves like 24 equally weighted holdings.
What is XME's expense ratio? 0.35% a year
As of October 28, 2026, XME charges 0.35% a year, yields 0.35% and holds $3.8B in assets across 38 positions.
| Measure | XME |
|---|---|
| Expense ratio | 0.35% |
| Dividend yield | 0.35% |
| Assets under management | $3.8B |
| Holdings | 38 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “State Street SPDR S&P Metals & Mining ETF (XME) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/xme
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