XMEvsVAWETF Comparison
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State Street SPDR S&P Metals & Mining ETF (XME) and Vanguard Materials ETF (VAW) belong to the same industry segment: US Materials. XME's top 3 sector exposures are Materials and Energy. In contrast, VAW's top sector exposures are Materials XME is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.09% for VAW. XME is up 13.02% year-to-date (YTD) with +$1.45B in YTD flows. VAW performs worse with 12.42% YTD performance, and -$80M in YTD flows. Run a side-by-side ETF comparison of XME and VAW 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 VAW 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 VAW | +13.09%+5.54% | -8.97%+1.10% | +13.02%+12.42% | +106.45%+28.70% | +141.69%+38.51% | +190.66%+38.87% |
| Flows | XME VAW | +$536M+$62M | +$882M+$57M | +$1.45B-$80M | +$2.10B+$22M | +$1.40B-$500M | +$1.38B-$776M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XME VAW | +39.68%+21.46% | +32.69%+17.13% | +29.18%+17.51% | +32.43%+19.69% |
| Max drawdown | XME VAW | -20.90%-13.41% | -22.54%-13.41% | -30.47%-23.20% | -37.25%-25.44% |
| Max drawdown duration | XME VAW | 90d58d | 93d58d | 237d430d | 760d679d |
Trading data
XME | VAW | |
Last sale 4/28/2026 at 1:30 PM | $117.07 | $232.37 |
| Previous close 04/28/2026 | $120.20 | $235.42 |
| 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
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XME | VAW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
XME | VAW | |
|---|---|---|
| Last price | $117.07 | $232.37 |
| 1D performance | -2.60% | -1.30% |
| AuM | $5.27 B | $3.08 B |
| E/R | 0.35% | 0.09% |
Characteristics
XME | VAW | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Vanguard |
| Benchmark | S&P Metals & Mining Select Industry Index | MSCI US IMI Materials 25/50 Index |
| N° of holdings | 30 | 98 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 19, 2006 | January 26, 2004 |
| ESG | No | No |
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Exposure
Countries
XME
USA
99.25%
Other
0.75%
VAW
USA
72.51%
Ireland
21.11%
Other
6.38%
Sectors
XME
Materials
69.74%
Energy
13.78%
Other
16.48%
VAW
Materials
77.69%
Other
22.31%
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Diversification
XME
Total weight of top 15 holdings out of 15
65.96%
VAW
Total weight of top 15 holdings out of 15
64.3%
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%
VAW
IE000S9YS762
15.14%
NEWMONT CORP
7.73%
FREEPORT-MCMORAN INC
5.52%
SHERWIN WILLIAMS
4.94%
CRH PLC
4.61%
ECOLAB
4.44%
AIR PRODUCTS AND CHEMICALS
4.05%
CORTEVA INC
3.70%
NUCOR
2.53%
VULCAN MATERIALS
2.35%
MARTIN MARIETTA
2.32%
DOW INC
1.94%
CH1430134226
1.82%
STEEL DYNAMICS
1.63%
PPG INDUSTRIES
1.57%
Frequently asked questions about XME and VAW
How have the XME and VAW ETFs performed in 2026?
As of April 28, 2026, XME is up 13.02% year-to-date (YTD), while VAW has returned 12.42%. That puts XME better performer ahead so far this year.
Which ETF is attracting more investor money: XME or VAW?
Year-to-date, the XME ETF saw +$1.45B in flows, compared to -$80M for VAW.
Which ETF is more volatile: XME or VAW?
Over the past year, XME had a volatility of 32.69%, while VAW experienced 17.13%.
Which ETF is bigger: XME or VAW?
As of April 28, 2026, XME holds $5.27 B in assets under management (AUM), while VAW manages $3.08 B.
What sectors do the XME and VAW ETFs invest in?
XME leans toward sectors like Materials and Energy. Meanwhile, VAW focuses on Materials.
What are the top holdings of the XME ETF and VAW ETF?
XME top holdings include WARRIOR MET COAL, US2189371006 and ALCOA CORP. VAW holds in its top three: IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC.
Which ETF is more diversified: XME or VAW?
XME holds 37 securities with 65.96% of its assets in the top 15. VAW has 112 securities and a top 15 weight of 64.3%.
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Latest news about XME & VAW
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