Do METL and XME hold the same stocks?

By their latest filings, 22% 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, METL or XME?

METL has 14% of its weight in S&P 500 names and XME has 22%, so METL differs more from the index.

Which is cheaper, METL or XME?

METL charges 0.99% 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

METL vs XME: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, METL returned +6.9% to XME's +6.7%; 22% of their weight is in the same names.

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Net assets: $66m on Nov 4, 2026 for Sprott Active Metals & Miners ETF, and $3.6bn on Nov 3, 2026 for State Street SPDR S&P Metals & Mining ETF.

METL on its own →XME on its own →

At a glance

14.2%

METL in the S&P 500

21.8%

XME in the S&P 500

+6.9%

METL total return, 1 year

+6.7%

XME total return, 1 year

METL · 1 year to Nov 4, 2026 86% of its weight is outside the S&P 500

14% of METL's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 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 0.64 points a year less; their one-year returns differ by 0.2 points; XME is far larger, $3.6bn against $65m.

Points (pts) are percentage points.

METL vs XME: Holdings Overlap & Returns
Measure	METL	XME
Return
Measure	METL	XME
Total return, 1 year	+6.9%	+6.7%
Drawdown
Measure	METL	XME
Below its all-time high	33.0%, high on Jan 28, 2026	27.8%, high on Jun 2, 2026
Against its benchmark
Measure	METL	XME
What it tracks	Miners and metals	Miners and metals
Against the S&P 500, 1 year	behind by 7.9 pts	behind by 8.1 pts
Its benchmark, total return, 1 year	+14.8%	+14.8%
Against its benchmark, 1 year	behind by 7.9 pts	behind by 8.1 pts
Cost and size
Measure	METL	XME
Expense ratio	0.99%	0.35%
Net assets, as of Nov 3, 2026	$65m	$3.6bn
Holdings
Measure	METL	XME
Holdings in common	22%

Method

What they share

22%

By the books each fund has filed, METL and XME hold 22% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

22% in common

Positions both hold · largest shared weight first METL XME

Nucor Corp. 5.14% 6.19%

Steel Dynamics Inc. 4.29% 6.00%

Reliance Inc. 4.17% 6.56%

Freeport-McMoRan Inc. 2.83% 4.73%

Uranium Energy Corp. 2.50% 3.80%

MP Materials Corp. 1.65% 4.07%

Coeur Mining Inc. 1.01% 3.73%

USA Rare Earth Inc. 0.35% 2.12%

Only in one fund ↓

Only in METL

Major Drilling Group International Inc. 4.50%

Hudbay Minerals Inc. 4.01%

NexGen Energy Ltd. 3.75%

Endeavour Silver Corp. 3.74%

Cameco Corp. 3.37%

Lundin Mining Corp. 3.37%

ATALAYA MINING COPPER SA 3.31%

Vizsla Silver Corp. 3.28%

Only in XME

CLEVELAND CLIFFS INC 6.82%

COMMERCIAL METALS CO 5.62%

ROYAL GOLD INC 5.13%

NEWMONT CORP 4.87%

MATERION CORP 4.59%

ALCOA CORP 4.54%

HECLA MINING CO 3.70%

WARRIOR MET COAL INC 3.60%

Check overlap with more funds →

Window by window

Window by window: METL vs XME: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	METL	XME	METL	XME
3 months	−16.2%	−14.4%	−16.1 pts vs VOO	−14.3 pts vs IVV
6 months	−26.0%	−22.7%	−31.0 pts vs VOO	−27.7 pts vs IVV
1 year	+6.9%	+6.7%	−7.9 pts vs VOO	−8.1 pts vs IVV
3 years	–	+89.9%	–	+6.5 pts vs IVV
Since launchNot the same days: METL Sep 2025 · XME Jun 2006	+12.3%	+174.0%	−6.9 pts vs VOO	not measured

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Side by side

METL Sprott Active Metals & Miners ETF · Holds 45 stocks in miners and metals, 14% 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 Sprott State Street

Theme Miners and metals Miners and metals

In the S&P 500 14.2% 21.8%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 45 38

Top ten, share of the fund 39.6% 55.0%

Expense ratio 0.99% 0.35%

Fee for the differing part 0.99% 0.35%

Total return, 1 year +6.9% +6.7%

vs its benchmark −7.9 pts vs VOO −8.1 pts vs IVV

Below its high −33.0% −27.8%

Net assets, METL as of Nov 4, 2026 and XME as of Nov 3, 2026 $66m $3.6bn

As of Nov 4, 2026. Source: ETFIQ.

22% of the two portfolios are the same securities at the same weight.

Alert

About each fund

METL

By weight, 14% of METL'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 40% of the fund across 45 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +6.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 7.9 pts. It sits 33.0% below its all-time high of Jan 28, 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 METL and XME hold the same stocks?: By their latest filings, 22% 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, METL or XME?: METL has 14% of its weight in S&P 500 names and XME has 22%, so METL differs more from the index.
Which is cheaper, METL or XME?: METL charges 0.99% a year and XME charges 0.35%, so XME is cheaper. Fees come from each fund's prospectus.

Other comparisons

METL vs SLX METL vs NIKL METL vs PICK METL vs GOAU XME vs NIKL XME vs SLX XME vs PICK XME vs GOAU

Where to next

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

Sources and dates

METL filings on SEC EDGAR ↗

METL prospectus with the expense ratio (SEC) ↗

Sprott page for METL ↗

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

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