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XMEvsXLBETF Comparison

ETF 1

XME

SPDR S&P Metals & Mining ETF

This fund is part of

US Materials

+0.18%

Full XME fund page

VS

ETF 2

XLB

State Street Materials Select Sector SPDR ETF

This fund is part of

US Materials

+0.18%

Full XLB fund page

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 6.95% year-to-date (YTD) with +$996M in YTD flows. XLB performs better with 11.67% YTD performance, and +$739M 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	XME XLB	-9.17%-4.95%	+3.08%+9.79%	+6.95%+11.67%	+96.94%+18.08%	+111.30%+31.67%	+184.38%+38.34%
Flows	XME XLB	+$275M-$147M	+$996M+$739M	+$996M+$739M	+$1.53B+$651M	+$858M+$255M	+$973M-$1.11B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	XME XLB	+40.74%+19.76%	+35.82%+20.91%	+29.12%+16.88%	+32.42%+18.90%
Max drawdown	XME XLB	-22.54%-12.34%	-22.54%-14.65%	-30.47%-23.18%	-37.25%-24.78%
Max drawdown duration	XME XLB	67d50d	67d43d	237d445d	760d679d

Trading data

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	XME	XLB
Last sale 4/2/2026 at 1:30 PM	$110.78	$50.41
Previous close 04/02/2026	$109.90	$50.46
Consolidated volume 04/02/2026
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	XLB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/2/2026 at 1:30 PM

Live

Closed

	XME	XLB
Last price	$110.78	$50.41
1D performance	+0.80%	-0.10%
AuM	$4.56 B	$6.68 B
E/R	0.35%	0.08%

Characteristics

	XME	XLB
Management strategy	Passive	Passive
Provider	SPDR	SPDR
Benchmark	S&P Metals & Mining Select Industry Index	S&P Materials Select Sector Index
N° of holdings	29	24
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	June 19, 2006	December 16, 1998
ESG	No	No

More XME data on Trackinsight

More XLB data on Trackinsight

Exposure

Countries

XME

USA

99.28%

Other

0.72%

XLB

USA

73.56%

Ireland

21.71%

Other

4.73%

Sectors

XME

Materials

76.15%

Energy

13.05%

Other

10.79%

XLB

Materials

80.08%

Other

19.92%

Diversification

XME

Total weight of top 15 holdings out of 15

74%

XLB

Total weight of top 15 holdings out of 15

75.55%

Top 15 holdings

Data as of February 28, 2026

XME

COEUR MINING INC

6.83%

FREEPORT-MCMORAN INC

5.89%

HECLA MINING

5.82%

ROYAL GOLD

5.75%

ALCOA CORP

5.59%

NEWMONT CORP

5.54%

URANIUM ENERGY

4.77%

STEEL DYNAMICS

4.53%

RELIANCE STEEL

4.39%

NUCOR

4.33%

COMMERCIAL METALS

4.23%

WARRIOR MET COAL

4.17%

PEABODY ENERGY

4.13%

MP MATERIALS CORPORATION

4.08%

US2189371006

3.93%

XLB

IE000S9YS762

13.99%

NEWMONT CORP

8.37%

FREEPORT-MCMORAN INC

5.77%

SHERWIN WILLIAMS

4.92%

CRH PLC

4.74%

ECOLAB

4.64%

CORTEVA INC

4.57%

AIR PRODUCTS AND CHEMICALS

4.33%

MARTIN MARIETTA

4.03%

NUCOR

4.00%

VULCAN MATERIALS

3.88%

PPG INDUSTRIES

3.35%

STEEL DYNAMICS

3.21%

IE00028FXN24

2.97%

INTERNATIONAL PAPER CO

2.78%

Frequently asked questions about XME and XLB

How have the XME and XLB ETFs performed in 2026?

As of April 2, 2026, XME is up 6.95% year-to-date (YTD), while XLB has returned 11.67%. 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 +$996M in flows, compared to +$739M for XLB.

Which ETF is more volatile: XME or XLB?

Over the past year, XME had a volatility of 35.82%, while XLB experienced 20.91%.

Which ETF is bigger: XME or XLB?

As of April 2, 2026, XME holds $4.56 B in assets under management (AUM), while XLB manages $6.68 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 COEUR MINING INC, FREEPORT-MCMORAN INC and HECLA MINING. XLB holds in its top three: IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC.

XMEvsXLBETF Comparison

SPDR S&P Metals & Mining ETF

State Street Materials Select Sector SPDR ETF

XME vs XLB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the XME and XLB ETFs performed in 2026?

As of April 2, 2026, XME is up 6.95% year-to-date (YTD), while XLB has returned 11.67%. 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 +$996M in flows, compared to +$739M for XLB.

Which ETF is more volatile: XME or XLB?

Over the past year, XME had a volatility of 35.82%, while XLB experienced 20.91%.

Which ETF is bigger: XME or XLB?

As of April 2, 2026, XME holds $4.56 B in assets under management (AUM), while XLB manages $6.68 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 COEUR MINING INC, FREEPORT-MCMORAN INC and HECLA MINING. XLB holds in its top three: IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC.

Which ETF is more diversified: XME or XLB?

XME holds 35 securities with 74% of its assets in the top 15. XLB has 25 securities and a top 15 weight of 75.55%.

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