Do FMTL and XME hold the same stocks?

By their latest filings, 13% of their books are the same securities at the same weight. 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 12% of its weight in S&P 500 names and XME has 22%, 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.

Data as of Nov 4, 2026.

Thematic ETFs

FMTL vs XME: Holdings Overlap & Returns

Share on X Download as PDF

FMTL and XME hold 13% of their weight in the same names.

askIQ about this page

askIQ about FMTL and XME

Net assets on Nov 3, 2026: $29m for First Trust Indxx Critical Metals ETF and $3.6bn for State Street SPDR S&P Metals & Mining ETF.

FMTL on its own →XME on its own →

At a glance

12.4%

FMTL in the S&P 500

21.8%

XME in the S&P 500

+35.8%

FMTL total return, since launch, Nov 5, 2025

+6.7%

XME total return, 1 year

FMTL · 6 months to Nov 4, 2026 88% of its weight is outside the S&P 500

12% of FMTL's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Nov 3, 2026.

XME · 1 year to Nov 4, 2026 78% of its weight is outside the S&P 500

22% of XME's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

XME costs 0.30 points a year less; XME is far larger, $3.6bn against $29m.

Points (pts) are percentage points.

FMTL vs XME: Holdings Overlap & Returns
Measure	FMTL	XME
Return
Measure	FMTL	XME
Total return, 1 year	not published	+6.7%
Drawdown
Measure	FMTL	XME
Below its all-time high	18.5%, high on Aug 25, 2026	27.8%, high on Jun 2, 2026
Against its benchmark
Measure	FMTL	XME
What it tracks	Rare earth and critical materials	Miners and metals
Against the S&P 500, 1 year		behind by 8.1 pts
Its benchmark, total return, 1 year		+14.8%
Against its benchmark, 1 year		behind by 8.1 pts
Cost and size
Measure	FMTL	XME
Expense ratio	0.65%	0.35%
Net assets, as of Nov 3, 2026	$29m	$3.6bn
Holdings
Measure	FMTL	XME
Holdings in common	13%

Method

What they share

13%

By the books each fund has filed, FMTL and XME hold 13% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

13% in common

Positions both hold · largest shared weight first FMTL XME

Freeport-McMoRan Inc. 7.74% 4.73%

Newmont Corporation 4.66% 4.87%

Alcoa Corporation 1.26% 4.54%

Hecla Mining Company 1.07% 3.70%

MP Materials Corp. 0.66% 4.07%

USA Rare Earth, Inc. (Class A) 0.27% 2.12%

Ur-Energy Inc. 0.03% 0.29%

Only in one fund ↓

Only in FMTL

Grupo Mexico, S.A.B. de C.V. (Class B) 8.26%

BHP Group Limited 8.22%

Rio Tinto Plc 7.83%

Anglo American Plc 6.31%

Sumitomo Corporation 4.89%

Barrick Mining Corporation 4.64%

Glencore Plc 4.51%

AngloGold Ashanti plc 4.50%

Only in XME

CLEVELAND CLIFFS INC 6.82%

RELIANCE INC 6.56%

NUCOR CORP 6.19%

STEEL DYNAMICS INC 6.00%

COMMERCIAL METALS CO 5.62%

ROYAL GOLD INC 5.13%

MATERION CORP 4.59%

URANIUM ENERGY CORP 3.80%

Check overlap with more funds →

Window by window

Window by window: FMTL vs XME: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FMTL	XME	FMTL	XME
3 months	−8.9%	−14.4%	not measured	−14.3 pts vs IVV
6 months	−12.1%	−22.7%	not measured	−27.7 pts vs IVV
1 year	–	+6.7%	–	−8.1 pts vs IVV
3 years	–	+89.9%	–	+6.5 pts vs IVV
Since launchNot the same days: FMTL Nov 2025 · XME Jun 2006	+35.8%	+174.0%	not measured	not measured

– means no data for this window. Open this comparison in the app →

Side by side

FMTL First Trust Indxx Critical Metals ETF · Holds 46 stocks in rare earth and critical materials, 12% of its weight in S&P 500 companies XME State Street SPDR S&P Metals & Mining ETF · Holds 38 stocks in miners and metals, 22% 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 12.4% 21.8%

Active share vs the S&P 500 99.7% 99.6%

In the Nasdaq-100 0.0% 0.0%

Holdings 46 38

Top ten, share of the fund 61.6% 55.0%

Expense ratio 0.65% 0.35%

Fee for the differing part 0.65% 0.35%

Total return, 1 year +35.8% (since launch, Nov 5, 2025) +6.7%

vs its benchmark not measured −8.1 pts vs IVV

Below its high −18.5% −27.8%

Net assets, as of Nov 3, 2026 $29m $3.6bn

As of Nov 4, 2026. Source: ETFIQ.

13% of the two portfolios are the same securities at the same weight.

Alert

About each fund

FMTL

By weight, 12% 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 62% of the fund across 46 positions, as published by its issuer for Nov 3, 2026. Since it first traded on Nov 5, 2025 the fund returned +35.8% with distributions reinvested. It sits 18.5% below its all-time high of Aug 25, 2026.

XME

By weight, 22% 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 55% of the fund across 38 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +6.7% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 8.1 pts. It sits 27.8% below its all-time high of Jun 2, 2026.

Questions people ask

Do FMTL and XME hold the same stocks?: By their latest filings, 13% of their books are the same securities at the same weight. 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 12% of its weight in S&P 500 names and XME has 22%, 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

FMTL vs SLX FMTL vs PICK FMTL vs METL FMTL vs NIKL XME vs ISTM XME vs WDIG XME vs SETM XME vs REMX

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FMTL on its own →XME on its own →FMTL dividend history →FMTL holdings →XME dividend history →XME holdings →Method →Standards and sources →

Sources and dates

FMTL filings on SEC EDGAR ↗

FMTL prospectus with the expense ratio (SEC) ↗

First Trust page for FMTL ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FMTL against XME, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmtl-vs-xme

Open data →

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