PYZvsXMEETF Comparison
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Invesco DWA Basic Materials Momentum ETF (PYZ) and State Street SPDR S&P Metals & Mining ETF (XME) belong to the same industry segment: US Materials. Both ETFs have the same top 3 sector exposures: and Non-Energy Materials. PYZ is more expensive with a Total Expense Ratio (TER) of 0.78%, versus 0.35% for XME. PYZ is up 7.71% year-to-date (YTD) with -$9M in YTD flows. XME performs worse with -4.98% YTD performance, and +$865M in YTD flows. Run a side-by-side ETF comparison of PYZ and XME below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PYZ vs XME performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PYZ XME | -9.28%-16.81% | -6.16%-16.32% | +7.71%-4.98% | +19.14%+32.40% | +39.00%+93.31% | +54.80%+161.11% |
| Flows | PYZ XME | -$2M-$164M | -$23M-$297M | -$9M+$865M | +$7M+$1.27B | -$95M+$1.01B | -$138M+$778M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PYZ XME | +24.98%+40.33% | +26.57%+36.32% | +22.81%+30.50% | +25.40%+32.65% |
| Max drawdown | PYZ XME | -11.35%-25.86% | -17.60%-25.86% | -26.82%-30.47% | -33.01%-37.25% |
| Max drawdown duration | PYZ XME | 45d45d | 91d45d | 233d237d | 1184d760d |
Trading data
PYZ | XME | |
Last sale 7/17/2026 at 1:30 PM | $118.21 | $98.35 |
| Previous close 07/16/2026 | $118.39 | $98.99 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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PYZ | XME | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
PYZ | XME | |
|---|---|---|
| Last price | $118.21 | $98.35 |
| 1D performance | -0.15% | -0.65% |
| AuM | $73.34 M | $3.90 B |
| E/R | 0.78% | 0.35% |
Characteristics
PYZ | XME | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | Dorsey Wright Basic Materials Technical Leaders Index | S&P Metals & Mining Select Industry Index |
| N° of holdings | 42 | 37 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2006 | June 19, 2006 |
| ESG | No | No |
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Exposure
Countries
PYZ
USA
96.21%
Other
3.79%
XME
USA
98.57%
Other
1.43%
Sectors
PYZ
Non-Energy Materi.
100%
Other
-0%
XME
Non-Energy Materi.
80.99%
Energy
18.88%
Other
0.13%
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Diversification
PYZ
Total weight of top 15 holdings out of 15
56.85%
XME
Total weight of top 15 holdings out of 15
66.42%
Top 15 holdings
Data as of May 31, 2026
PYZ
Carpenter Technology Corp.
6.83%
ATI, Inc.
5.31%
CF Industries Holdings, Inc.
4.90%
Alcoa Corp.
4.56%
Steel Dynamics, Inc.
4.14%
USA Rare Earth, Inc.
4.08%
Corteva, Inc.
3.38%
Freeport-McMoRan, Inc.
3.25%
Solstice Advanced Materials, Inc.
3.05%
DuPont de Nemours, Inc.
3.01%
Hecla Mining Co.
2.99%
Coeur Mining, Inc.
2.98%
Century Aluminum Co.
2.87%
Newmont Corp.
2.85%
Albemarle Corp.
2.67%
XME
Cleveland-Cliffs, Inc.
5.77%
Nucor Corp.
5.73%
Steel Dynamics, Inc.
5.56%
Reliance, Inc.
4.87%
Alcoa Corp.
4.61%
Commercial Metals Co.
4.50%
USA Rare Earth, Inc.
4.50%
Warrior Met Coal, Inc.
4.40%
Freeport-McMoRan, Inc.
4.21%
MP Materials Corp.
4.09%
Uranium Energy Corp.
3.83%
Newmont Corp.
3.72%
Core Natural Resources, Inc.
3.64%
Centrus Energy Corp.
3.59%
Coeur Mining, Inc.
3.40%
Frequently asked questions about PYZ and XME
How have the PYZ and XME ETFs performed in 2026?
As of July 17, 2026, PYZ is up 7.71% year-to-date (YTD), while XME has lost -4.98%. That puts PYZ better performer ahead so far this year.
Which ETF is attracting more investor money: PYZ or XME?
Year-to-date, the PYZ ETF saw -$9M in flows, compared to +$865M for XME.
Which ETF is more volatile: PYZ or XME?
Over the past year, PYZ had a volatility of 26.57%, while XME experienced 36.32%.
Which ETF is bigger: PYZ or XME?
As of July 17, 2026, PYZ holds $73.34 M in assets under management (AUM), while XME manages $3.90 B.
What sectors do the PYZ and XME ETFs invest in?
PYZ leans toward sectors like Non-Energy Materials. Meanwhile, XME focuses on Non-Energy Materials and Energy.
What are the top holdings of the PYZ ETF and XME ETF?
PYZ top holdings include Carpenter Technology Corp., ATI, Inc. and CF Industries Holdings, Inc.. XME holds in its top three: Cleveland-Cliffs, Inc., Nucor Corp. and Steel Dynamics, Inc..
Which ETF is more diversified: PYZ or XME?
PYZ holds 42 securities with 56.85% of its assets in the top 15. XME has 37 securities and a top 15 weight of 66.42%.
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Latest news about PYZ & XME
Japan's Nippon Steel Eyes a $14.9 billion Acquisition of U.S. Steel, Offering a 40% Premium
December 26, 2023
XME
Trending sub-sectors in 2022
July 12, 2022
XME
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