XMEvsPICKETF Comparison
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State Street SPDR S&P Metals & Mining ETF (XME) belongs to the US Materials segment. iShares MSCI Global Metals & Mining Producers ETF (PICK) is part of the Global Blended Cap segment. Both ETFs have the same top 3 sector exposures: Non-Energy Materials and Energy. XME is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.39% for PICK. XME is up 1.63% year-to-date (YTD) with +$915M in YTD flows. PICK performs better with 14.36% YTD performance, and +$856M in YTD flows. Run a side-by-side ETF comparison of XME and PICK 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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XME vs PICK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XME PICK | -20.71%-14.67% | -4.98%+1.82% | +1.63%+14.36% | +50.70%+51.60% | +108.44%+55.75% | +153.18%+59.58% |
| Flows | XME PICK | -$208M+$282M | -$53M+$415M | +$915M+$856M | +$1.43B+$1.04B | +$1.10B+$370M | +$697M+$859M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XME PICK | +39.20%+33.49% | +36.24%+27.46% | +30.39%+24.51% | +32.74%+26.53% |
| Max drawdown | XME PICK | -21.31%-15.53% | -22.54%-18.72% | -30.47%-31.78% | -37.25%-35.50% |
| Max drawdown duration | XME PICK | 30d30d | 127d69d | 237d493d | 760d1275d |
Trading data
XME | PICK | |
Last sale 7/2/2026 at 1:30 PM | $105.13 | $57.74 |
| Previous close 07/02/2026 | $104.36 | $57.29 |
| Consolidated volume 07/02/2026 | ||
| 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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XME | PICK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/2/2026 at 1:30 PM
Live
Closed
XME | PICK | |
|---|---|---|
| Last price | $105.13 | $57.74 |
| 1D performance | +0.74% | +0.79% |
| AuM | $4.22 B | $2.18 B |
| E/R | 0.35% | 0.39% |
Characteristics
XME | PICK | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | S&P Metals & Mining Select Industry Index | MSCI ACWI Select Metals & Mining Producers Ex Gold and Silver IMI Index |
| N° of holdings | 37 | 247 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 19, 2006 | January 31, 2012 |
| ESG | No | No |
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Exposure
Countries
XME
USA
98.57%
Other
1.43%
PICK
Australia
23.89%
USA
18.15%
United Kingdom
11.28%
Canada
7.28%
Other
39.4%
Sectors
XME
Non-Energy Materi.
80.99%
Energy
18.88%
Other
0.13%
PICK
Non-Energy Materi.
93.06%
Other
6.94%
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Diversification
XME
Total weight of top 15 holdings out of 15
66.42%
PICK
Total weight of top 15 holdings out of 15
54.2%
Top 15 holdings
Data as of May 31, 2026
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%
PICK
BHP Group Ltd.
13.27%
Rio Tinto Plc
6.68%
Freeport-McMoRan, Inc.
5.50%
Glencore Plc
4.19%
Vale SA
3.39%
Anglo American Plc
3.32%
Nucor Corp.
3.24%
Rio Tinto Ltd.
2.89%
Grupo México S.A.B. de C.V.
2.11%
Steel Dynamics, Inc.
2.09%
Teck Resources Limited
1.77%
ArcelorMittal SA
1.72%
Fortescue Ltd.
1.51%
Valterra Platinum Ltd.
1.29%
First Quantum Minerals Ltd.
1.24%
Frequently asked questions about XME and PICK
How have the XME and PICK ETFs performed in 2026?
As of July 2, 2026, XME is up 1.63% year-to-date (YTD), while PICK has returned 14.36%. That puts PICK better performer ahead so far this year.
Which ETF is attracting more investor money: XME or PICK?
Year-to-date, the XME ETF saw +$915M in flows, compared to +$856M for PICK.
Which ETF is more volatile: XME or PICK?
Over the past year, XME had a volatility of 36.24%, while PICK experienced 27.46%.
Which ETF is bigger: XME or PICK?
As of July 2, 2026, XME holds $4.22 B in assets under management (AUM), while PICK manages $2.18 B.
What sectors do the XME and PICK ETFs invest in?
XME leans toward sectors like Non-Energy Materials and Energy. Meanwhile, PICK focuses on Non-Energy Materials.
What are the top holdings of the XME ETF and PICK ETF?
XME top holdings include Cleveland-Cliffs, Inc., Nucor Corp. and Steel Dynamics, Inc.. PICK holds in its top three: BHP Group Ltd., Rio Tinto Plc and Freeport-McMoRan, Inc..
Which ETF is more diversified: XME or PICK?
XME holds 37 securities with 66.42% of its assets in the top 15. PICK has 254 securities and a top 15 weight of 54.2%.
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Latest news about XME & PICK
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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