Are IVV and XME in the same category?

IVV is a stock ETF and XME is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, IVV or XME?

In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and XME +3.4%.

Which is cheaper, IVV or XME?

IVV is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IVV and XME overlap with the S&P 500?

By their latest filed holdings, 100% of IVV and 21% of XME by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IVV vs XME: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, IVV returned +13.7% to XME's +3.4%, and IVV charges 0.03% to XME's 0.35%.

askIQ about this page

askIQ about IVV and XME

Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $3.8bn for State Street SPDR S&P Metals & Mining ETF.

IVV on its own →XME on its own →

At a glance

+13.7%

IVV total return, 1 year

+3.4%

XME total return, 1 year

0.03%

IVV expense ratio

0.35%

XME expense ratio

Pair scorecard

IVV costs 0.32 points a year less; their one-year returns differ by 10.3 points; IVV is far larger, $885.1bn against $3.8bn.

IVV vs XME: Differences, Returns & Fees
Measure	IVV	XME
Return
Measure	IVV	XME
Total return, 1 year	+13.7%	+3.4%
Drawdown
Measure	IVV	XME
Below its all-time high		23.6%, high on Jun 2, 2026
Benchmark
Measure	IVV	XME
What it tracks	S&P 500	Miners and metals
Cost and size
Measure	IVV	XME
Expense ratio	0.03%	0.35%
Net assets, as of Oct 27, 2026	$885.1bn	$3.8bn
Holdings
Measure	IVV	XME
Holdings in common	0%
Top ten holdings, share of the fund	38.1%	53%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, IVV and XME hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IVV XME

NEWMONT 0.18% 4.91%

FREEPORT MCMORAN INC 0.14% 4.86%

NUCOR 0.09% 5.89%

STEEL DYNAMICS INC 0.05% 5.76%

Only in one fund ↓

Only in IVV

NVIDIA 7.92%

APPLE 7.61%

MICROSOFT 5.93%

AMAZON.COM INC 3.73%

ALPHABET CLASS A 2.83%

BROADCOM INC 2.45%

ALPHABET CLASS C 2.26%

META PLATFORMS CLASS A 2.05%

Only in XME

CLEVELAND CLIFFS INC 6.46%

RELIANCE INC 6.15%

COMMERCIAL METALS CO 5.16%

ROYAL GOLD INC 5.12%

MATERION CORP 4.57%

ALCOA CORP 4.42%

MP MATERIALS CORP 4.23%

HECLA MINING CO 3.94%

Check overlap with more funds →

Side by side

IVV iShares Core S&P 500 ETF XME State Street SPDR S&P Metals & Mining ETF

Where it sits Stock ETF Thematic ETF

Issuer iShares State Street

What it is Tracks the S&P 500 Miners and metals

Total return, 1 year +13.7% +3.4%

Its benchmark over the same days +13.6% (SPY) +13.7% (IVV)

Gap to its benchmark +0.1 pts vs SPY −10.3 pts vs IVV

Expense ratio 0.03% 0.35%

Already in the S&P 500 99.8% 21.4%

Holdings 505 38

Net assets, as of Oct 27, 2026 $885.1bn $3.8bn

IVV and XME on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

IVV

IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.

XME

By weight, 21% of XME's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 53% of the fund across 38 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +3.4% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 10.3 pts. It sits 23.6% below its all-time high of Jun 2, 2026.

Questions people ask

Are IVV and XME in the same category?: IVV is a stock ETF and XME is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, IVV or XME?: In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and XME +3.4%.
Which is cheaper, IVV or XME?: IVV is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IVV and XME overlap with the S&P 500?: By their latest filed holdings, 100% of IVV and 21% of XME by weight is stocks the S&P 500 already holds.

Other comparisons

ARTY vs IVV BOTZ vs IVV ARKG vs IVV IVV vs REMX VOO vs XME VTI vs XME QQQ vs XME VUG vs XME

Where to next

IVV on its own →XME on its own →Hold both: look the portfolio through →Rankings →IVV dividend history →IVV holdings →XME dividend history →XME holdings →Standards and sources →

Sources and dates

IVV filings on SEC EDGAR ↗

IVV prospectus with the expense ratio (SEC) ↗

iShares page for IVV ↗

XME filings on SEC EDGAR ↗

XME prospectus with the expense ratio (SEC) ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, IVV against XME, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-xme

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.