XMEvsXLBETF Comparison
VS
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 Non-Energy Materials and Energy. In contrast, XLB's top sector exposures are Non-Energy Materials XME is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for XLB. XME is down -5.59% year-to-date (YTD) with +$768M in YTD flows. XLB performs better with 11.2% YTD performance, and +$2.46B 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
XME vs XLB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/20/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XME XLB | -15.21%-3.15% | -17.94%-3.92% | -5.59%+11.20% | +28.98%+12.33% | +91.01%+26.47% | +151.41%+37.52% |
| Flows | XME XLB | -$279M+$236M | -$383M+$864M | +$768M+$2.46B | +$1.14B+$2.36B | +$912M+$1.50B | +$728M-$1.08B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XME XLB | +40.21%+19.38% | +36.38%+17.61% | +30.53%+17.20% | +32.63%+19.03% |
| Max drawdown | XME XLB | -26.34%-6.44% | -26.34%-12.34% | -30.47%-23.18% | -37.25%-24.78% |
| Max drawdown duration | XME XLB | 48d37d | 48d159d | 237d445d | 760d679d |
Trading data
XME | XLB | |
Last sale 7/21/2026 at 6:49 PM | $101.63 | $50.28 |
| Previous close 07/20/2026 | $97.74 | $50.03 |
| Consolidated volume 07/20/2026 | ||
| 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
Create an account to view replication metrics
Join for free
XME | XLB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/21/2026 at 6:49 PM
Live
Closed
XME | XLB | |
|---|---|---|
| Last price | $101.63 | $50.28 |
| 1D performance | +3.98% | +0.49% |
| AuM | $3.77 B | $8.30 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 | 39 | 25 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 19, 2006 | December 16, 1998 |
| ESG | No | No |
Exposure
Countries
XME
USA
97.88%
Other
2.12%
XLB
USA
75.6%
United Kingdom
15.9%
Other
8.5%
Sectors
XME
Non-Energy Materi.
79.72%
Energy
19.49%
Other
0.79%
XLB
Non-Energy Materi.
97.43%
Other
2.57%
Advertisement
Diversification
XME
Total weight of top 15 holdings out of 15
62.75%
XLB
Total weight of top 15 holdings out of 15
75.72%
Top 15 holdings
Data as of June 30, 2026
XME
Uranium Energy Corp.
4.75%
Hecla Mining Co.
4.61%
Centrus Energy Corp.
4.59%
USA Rare Earth, Inc.
4.46%
Coeur Mining, Inc.
4.45%
MP Materials Corp.
4.40%
Freeport-McMoRan, Inc.
4.25%
Royal Gold, Inc.
4.25%
Newmont Corp.
4.23%
Materion Corp.
4.21%
Reliance, Inc.
3.98%
Nucor Corp.
3.73%
Core Natural Resources, Inc.
3.68%
Steel Dynamics, Inc.
3.59%
Commercial Metals Co.
3.58%
XLB
Linde Plc
14.07%
Newmont Corp.
5.85%
Freeport-McMoRan, Inc.
5.30%
Corteva, Inc.
4.96%
The Sherwin-Williams Co.
4.94%
Ecolab, Inc.
4.73%
Vulcan Materials Co.
4.72%
CRH Plc
4.67%
Air Products & Chemicals, Inc.
4.60%
Martin Marietta Materials, Inc.
4.55%
Nucor Corp.
3.88%
Steel Dynamics, Inc.
3.73%
PPG Industries, Inc.
3.62%
Smurfit WestRock Plc
3.25%
Packaging Corporation of America
2.83%
Frequently asked questions about XME and XLB
How have the XME and XLB ETFs performed in 2026?
As of July 20, 2026, XME is down -5.59% year-to-date (YTD), while XLB has returned 11.2%. 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 +$768M in flows, compared to +$2.46B for XLB.
Which ETF is more volatile: XME or XLB?
Over the past year, XME had a volatility of 36.38%, while XLB experienced 17.61%.
Which ETF is bigger: XME or XLB?
As of July 20, 2026, XME holds $3.77 B in assets under management (AUM), while XLB manages $8.30 B.
What sectors do the XME and XLB ETFs invest in?
XME leans toward sectors like Non-Energy Materials and Energy. Meanwhile, XLB focuses on Non-Energy Materials.
What are the top holdings of the XME ETF and XLB ETF?
XME top holdings include Uranium Energy Corp., Hecla Mining Co. and Centrus Energy Corp.. XLB holds in its top three: Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc..
Which ETF is more diversified: XME or XLB?
XME holds 39 securities with 62.75% of its assets in the top 15. XLB has 25 securities and a top 15 weight of 75.72%.
Advertisement
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
Advertisement
Trending sub-sectors in 2022
July 12, 2022
XME
Trending sub-sectors in 2022
July 12, 2022
XME
Advertisement
