XMEvsXLBETF Comparison
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State Street SPDR S&P Metals & Mining ETF (XME) and State Street Materials Select Sector SPDR ETF (XLB) belong to the same industry segment: US Materials. XME's top 3 sector exposures are Materials and Energy. In contrast, XLB's top sector exposures are Materials XME is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for XLB. XME is up 8.48% year-to-date (YTD) with +$1.07B in YTD flows. XLB performs better with 9.88% YTD performance, and +$1.90B in YTD flows. Run a side-by-side ETF comparison of XME and XLB 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 XLB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XME XLB | -9.77%-5.08% | -1.50%-0.14% | +8.48%+9.88% | +74.07%+13.74% | +137.05%+32.55% | +151.05%+27.64% |
| Flows | XME XLB | -$453M+$620M | +$377M+$983M | +$1.07B+$1.90B | +$1.56B+$2.21B | +$1.22B+$1.07B | +$614M-$2.27B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XME XLB | +39.47%+19.03% | +35.67%+17.13% | +30.11%+17.06% | +32.72%+18.98% |
| Max drawdown | XME XLB | -15.36%-6.44% | -22.54%-12.34% | -30.47%-23.18% | -37.25%-24.78% |
| Max drawdown duration | XME XLB | 8d35d | 127d119d | 237d445d | 760d679d |
Trading data
XME | XLB | |
Last sale 6/11/2026 at 4:15 PM | $115.63 | $50.40 |
| Previous close 06/10/2026 | $112.43 | $49.60 |
| Consolidated volume 06/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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XME | XLB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/11/2026 at 4:15 PM
Live
Closed
XME | XLB | |
|---|---|---|
| Last price | $115.63 | $50.40 |
| 1D performance | +2.84% | +1.61% |
| AuM | $4.67 B | $7.69 B |
| E/R | 0.35% | 0.08% |
Characteristics
XME | XLB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | State Street Investment Management |
| Benchmark | S&P Metals & Mining Select Industry Index | S&P Materials Select Sector Index |
| N° of holdings | 30 | 24 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 19, 2006 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
XME
USA
99.18%
Other
0.82%
XLB
USA
73.8%
Ireland
21.54%
Other
4.65%
Sectors
XME
Materials
70.09%
Energy
13.16%
Other
16.74%
XLB
Materials
81.08%
Other
18.92%
Diversification
XME
Total weight of top 15 holdings out of 15
65.59%
XLB
Total weight of top 15 holdings out of 15
77.37%
Top 15 holdings
Data as of April 30, 2026
XME
NUCOR
5.44%
STEEL DYNAMICS
5.15%
RELIANCE STEEL
4.89%
CLEVELAND CLIFFS INC
4.56%
MP MATERIALS CORPORATION
4.41%
WARRIOR MET COAL
4.40%
US91733P1075
4.40%
CENTRUS ENERGY CORP
4.37%
URANIUM ENERGY
4.37%
COMMERCIAL METALS
4.30%
ALCOA CORP
3.99%
NEWMONT CORP
3.97%
FREEPORT-MCMORAN INC
3.90%
US2189371006
3.89%
HECLA MINING
3.54%
XLB
IE000S9YS762
14.16%
NEWMONT CORP
7.34%
NUCOR
5.69%
FREEPORT-MCMORAN INC
5.03%
CRH PLC
4.94%
VULCAN MATERIALS
4.86%
AIR PRODUCTS AND CHEMICALS
4.69%
MARTIN MARIETTA
4.49%
SHERWIN WILLIAMS
4.49%
CORTEVA INC
4.47%
ECOLAB
4.08%
STEEL DYNAMICS
3.82%
DOW INC
3.54%
PPG INDUSTRIES
2.96%
ALBEMARLE
2.82%
Frequently asked questions about XME and XLB
How have the XME and XLB ETFs performed in 2026?
As of June 10, 2026, XME is up 8.48% year-to-date (YTD), while XLB has returned 9.88%. That puts XLB better performer ahead so far this year.
Which ETF is attracting more investor money: XME or XLB?
Year-to-date, the XME ETF saw +$1.07B in flows, compared to +$1.90B for XLB.
Which ETF is more volatile: XME or XLB?
Over the past year, XME had a volatility of 35.67%, while XLB experienced 17.13%.
Which ETF is bigger: XME or XLB?
As of June 10, 2026, XME holds $4.67 B in assets under management (AUM), while XLB manages $7.69 B.
What sectors do the XME and XLB ETFs invest in?
XME leans toward sectors like Materials and Energy. Meanwhile, XLB focuses on Materials.
What are the top holdings of the XME ETF and XLB ETF?
XME top holdings include NUCOR, STEEL DYNAMICS and RELIANCE STEEL. XLB holds in its top three: IE000S9YS762, NEWMONT CORP and NUCOR.
Which ETF is more diversified: XME or XLB?
XME holds 37 securities with 65.59% of its assets in the top 15. XLB has 26 securities and a top 15 weight of 77.37%.
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Latest news about XME & XLB
Investing in Sector ETFs: Energy, Industrials, & Materials
September 6, 2024
XLB
Japan's Nippon Steel Eyes a $14.9 billion Acquisition of U.S. Steel, Offering a 40% Premium
December 26, 2023
XME
Tony's ETF Buyer's Guide: Sector ETFs (Vanguard versus State Street SPDR)
December 1, 2023
XLB
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XME
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