XMEvsFMATETF Comparison
VS
State Street SPDR S&P Metals & Mining ETF (XME) and Fidelity MSCI Materials Index ETF (FMAT) belong to the same industry segment: US Materials. XME's top 3 sector exposures are Materials and Energy. In contrast, FMAT's top sector exposures are Materials XME is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for FMAT. XME is up 13.02% year-to-date (YTD) with +$1.45B in YTD flows. FMAT performs better with 13.85% YTD performance, and +$92M in YTD flows. Run a side-by-side ETF comparison of XME and FMAT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
XME vs FMAT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XME FMAT | +13.09%+7.16% | -8.97%+2.45% | +13.02%+13.85% | +106.45%+30.33% | +141.69%+41.80% | +190.66%+41.18% |
| Flows | XME FMAT | +$536M+$54M | +$882M+$80M | +$1.45B+$92M | +$2.10B+$100M | +$1.40B+$4M | +$1.38B+$61M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XME FMAT | +39.68%+21.37% | +32.69%+17.10% | +29.18%+17.58% | +32.43%+19.60% |
| Max drawdown | XME FMAT | -20.90%-13.46% | -22.54%-13.46% | -30.47%-23.21% | -37.25%-25.40% |
| Max drawdown duration | XME FMAT | 90d57d | 93d57d | 237d430d | 760d679d |
Trading data
XME | FMAT | |
Last sale 4/29/2026 at 1:30 PM | $114.61 | $58.77 |
| Previous close 04/28/2026 | $117.07 | $59.48 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
XME | FMAT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 4/29/2026 at 1:30 PM
Live
Closed
XME | FMAT | |
|---|---|---|
| Last price | $114.61 | $58.77 |
| 1D performance | -2.10% | -1.19% |
| AuM | $5.27 B | $611.52 M |
| E/R | 0.35% | 0.08% |
Characteristics
XME | FMAT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Fidelity |
| Benchmark | S&P Metals & Mining Select Industry Index | MSCI USA IMI Materials 25/50 |
| N° of holdings | 30 | 87 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 19, 2006 | October 21, 2013 |
| ESG | No | No |
Advertisement
Exposure
Countries
XME
USA
99.25%
Other
0.75%
FMAT
USA
72.74%
Ireland
21.62%
Other
5.63%
Sectors
XME
Materials
69.74%
Energy
13.78%
Other
16.48%
FMAT
Materials
77.83%
Other
22.17%
Diversification
XME
Total weight of top 15 holdings out of 15
65.96%
FMAT
Total weight of top 15 holdings out of 15
64.84%
Top 15 holdings
Data as of March 31, 2026
XME
WARRIOR MET COAL
5.02%
US2189371006
4.99%
ALCOA CORP
4.57%
RELIANCE STEEL
4.51%
NUCOR
4.50%
STEEL DYNAMICS
4.46%
FREEPORT-MCMORAN INC
4.36%
PEABODY ENERGY
4.36%
URANIUM ENERGY
4.36%
NEWMONT CORP
4.26%
COMMERCIAL METALS
4.22%
ROYAL GOLD
4.21%
CLEVELAND CLIFFS INC
4.16%
HECLA MINING
4.02%
CENTRUS ENERGY CORP
3.96%
FMAT
IE000S9YS762
15.55%
NEWMONT CORP
7.29%
FREEPORT-MCMORAN INC
5.39%
SHERWIN WILLIAMS
5.06%
CRH PLC
4.65%
ECOLAB
4.53%
AIR PRODUCTS AND CHEMICALS
4.39%
CORTEVA INC
3.76%
NUCOR
2.55%
VULCAN MATERIALS
2.37%
MARTIN MARIETTA
2.35%
DOW INC
1.89%
CH1430134226
1.85%
STEEL DYNAMICS
1.63%
PPG INDUSTRIES
1.59%
Frequently asked questions about XME and FMAT
How have the XME and FMAT ETFs performed in 2026?
As of April 28, 2026, XME is up 13.02% year-to-date (YTD), while FMAT has returned 13.85%. That puts FMAT better performer ahead so far this year.
Which ETF is attracting more investor money: XME or FMAT?
Year-to-date, the XME ETF saw +$1.45B in flows, compared to +$92M for FMAT.
Which ETF is more volatile: XME or FMAT?
Over the past year, XME had a volatility of 32.69%, while FMAT experienced 17.1%.
Which ETF is bigger: XME or FMAT?
As of April 28, 2026, XME holds $5.27 B in assets under management (AUM), while FMAT manages $611.52 M.
What sectors do the XME and FMAT ETFs invest in?
XME leans toward sectors like Materials and Energy. Meanwhile, FMAT focuses on Materials.
What are the top holdings of the XME ETF and FMAT ETF?
XME top holdings include WARRIOR MET COAL, US2189371006 and ALCOA CORP. FMAT holds in its top three: IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC.
Which ETF is more diversified: XME or FMAT?
XME holds 37 securities with 65.96% of its assets in the top 15. FMAT has 104 securities and a top 15 weight of 64.84%.
Advertisement
Latest news about XME & FMAT
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
Advertisement
Advertisement
