Data as of .
FMTL vs XME: which is really different?
FMTL and XME hold 11% of their weight in the same names.
ETFIQ Off-Index Score: FMTL scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
11% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FMTL and XME hold 11% of their money in the same securities at the same weight.
| Holding | FMTL | XME |
|---|---|---|
| Freeport-McMoRan Inc. | 8.55% | 4.87% |
| Newmont Corporation | 4.63% | 4.97% |
| Alcoa Corporation | 1.39% | 4.54% |
| USA Rare Earth, Inc. (Class A) | 0.36% | 3.33% |
| US Dollar | 0.62% | 0.16% |
| Only in FMTL | Only in XME |
|---|---|
| BHP Group Limited 8.97% | CLEVELAND CLIFFS INC 5.36% |
| Glencore Plc 7.88% | RELIANCE INC 5.12% |
| Anglo American Plc 6.70% | STEEL DYNAMICS INC 5.07% |
| Sumitomo Corporation 5.23% | NUCOR CORP 5.00% |
| Wheaton Precious Metals Corp. 4.79% | ROYAL GOLD INC 4.93% |
| Cameco Corporation 4.72% | COEUR MINING INC 4.88% |
| Barrick Mining Corporation 4.56% | COMMERCIAL METALS CO 4.85% |
| Grupo Mexico, S.A.B. de C.V. (Class B) 4.55% | HECLA MINING CO 4.71% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FMTL | XME | FMTL | XME | FMTL | XME | |
| 3 months | +0.7% | −7.1% | −1.5 pts | −9.3 pts | +3.2 pts | −4.6 pts |
| 6 months | +20.3% | +7.0% | +2.3 pts | −11.1 pts | −3.9 pts | −17.3 pts |
| 1 year | not published | +22.4% | not published | +5.9 pts | not published | +0.7 pts |
| 3 years | not published | +110.4% | not published | +32.0 pts | not published | +12.2 pts |
| Since launch | +50.9% | +149.5% | +37.3 pts | −654.1 pts | +34.7 pts | −1540.8 pts |
| FMTL First Trust Indxx Critical Metals ETF Holds 52 stocks in rare earth and critical materials, 13% of its weight in S&P 500 companies | XME State Street(R) SPDR(R) S&P(R) Metals & Mining ETF Holds 41 stocks in miners and metals, 18% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | State Street |
| Theme | Rare earth and critical materials | Miners and metals |
| In the S&P 500 | 13.2% | 18.0% |
| Active share vs the S&P 500 | 99.7% | 99.6% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 52 | 41 |
| Top ten, share of the fund | 60.6% | 46.9% |
| Expense ratio | 0.65% | 0.35% |
| Fee for the differing part | 0.65% | 0.35% |
| Total return, 1 year | +50.9% (since launch on Nov 5, 2025) | +22.4% |
| vs the S&P 500 | +37.3 pts | +5.9 pts |
| vs the Nasdaq-100 | +34.7 pts | +0.7 pts |
| Below its high | −9.5% | −18.1% |
| Net assets | $30m | $4.4bn |
FMTL in plain words
By weight, 13% of FMTL'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 61% of the fund across 52 positions, as published by its issuer for Sep 18, 2026. Since it launched on Nov 5, 2025 the fund returned +50.9% with distributions reinvested against +13.6% for the S&P 500, so a holder was ahead by 37.2 pts. It sits 9.5% below its all-time high of Aug 25, 2026.
XME in plain words
By weight, 18% 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 47% of the fund across 41 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +22.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 5.9 pts. It sits 18.1% below its all-time high of Jun 2, 2026.
Questions people ask
- Do FMTL and XME hold the same stocks?
- By their latest filings, 11% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FMTL or XME?
- FMTL has 13% of its weight in S&P 500 names and XME has 18%, so FMTL differs more from the index.
- Which is cheaper, FMTL or XME?
- FMTL charges 0.65% a year and XME charges 0.35%, so XME is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FMTL against XME, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fmtl-vs-xme Free to use with attribution; the underlying files are at Open data.