Data as of Oct 28, 2026.

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VOO vs XME: Differences, Returns & Fees

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

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Net assets: $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF, and $3.8bn on Oct 27, 2026 for State Street SPDR S&P Metals & Mining ETF.

At a glance
+13.7%
VOO total return, 1 year
+3.4%
XME total return, 1 year
0.03%
VOO expense ratio
0.35%
XME expense ratio

Pair scorecard

VOO costs 0.32 points a year less; their one-year returns differ by 10.3 points; VOO is far larger, $1.0tn against $4.1bn.

VOO vs XME: Differences, Returns & Fees
MeasureVOOXME
Return
Total return, 1 year+13.7%+3.4%
Drawdown
Below its all-time high23.6%, high on Jun 2, 2026
Benchmark
What it tracksS&P 500 IndexMiners and metals
Cost and size
Expense ratio0.03%0.35%
Net assets, as of Sep 30, 2026$1.0tn$4.1bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund39.1%53%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, VOO and XME hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VOO XME
Newmont Corp 0.18% 4.91%
Freeport-McMoRan Inc 0.15% 4.86%
Nucor Corp 0.08% 5.89%
Steel Dynamics Inc 0.04% 5.76%
Only in one fund ↓
Only in VOO
NVIDIA Corp 8.40%
Apple Inc 7.39%
Microsoft Corp 5.79%
Amazon.com Inc 3.72%
Alphabet Inc 3.07%
Broadcom Inc 2.54%
Alphabet Inc 2.46%
Meta Platforms Inc 2.43%
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

VOO Vanguard S&P 500 ETF XME State Street SPDR S&P Metals & Mining ETF
Where it sits Stock ETF Thematic ETF
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 +13.7% (IVV) +13.7% (IVV)
Gap to its benchmark 0.0 pts vs IVV −10.3 pts vs IVV
Expense ratio 0.03% 0.35%
Already in the S&P 500 99.7% 21.4%
Holdings 507 38
Net assets, VOO as of Sep 30, 2026 and XME as of Oct 27, 2026 $1.0tn $3.8bn

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

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About each fund
VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

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 VOO and XME in the same category?
VOO 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, VOO or XME?
In the year to Oct 28, 2026, with distributions reinvested, VOO returned +13.7% and XME +3.4%.
Which is cheaper, VOO or XME?
VOO 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 VOO and XME overlap with the S&P 500?
By their latest filed holdings, 100% of VOO and 21% of XME by weight is stocks the S&P 500 already holds.
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ETFIQ, VOO against XME, data as of Oct 28, 2026. https://etfiq.com/compare/any/voo-vs-xme

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