Data as of Nov 4, 2026.
PICK vs XME: Holdings Overlap & Returns
Over the year to Nov 4, 2026, PICK returned +28.0% to XME's +6.7%; 17% of their weight is in the same names.
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Net assets on Nov 3, 2026: $2.1bn for iShares MSCI Global Metals & Mining Producers ETF and $3.6bn for State Street SPDR S&P Metals & Mining ETF.
13% of PICK's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 3, 2026.
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 0.04 points a year less; their one-year returns differ by 21.3 points; XME is 1.7 times larger.
Points (pts) are percentage points.
| Measure | PICK | XME |
|---|---|---|
| Return | ||
| Total return, 1 year | +28.0% | +6.7% |
| Drawdown | ||
| Below its all-time high | 18.4%, high on Jun 2, 2026 | 27.8%, high on Jun 2, 2026 |
| Against its benchmark | ||
| What it tracks | Miners and metals | Miners and metals |
| Against the S&P 500, 1 year | behind by 8.1 pts | |
| Its benchmark, total return, 1 year | +15.0% | +14.8% |
| Against its benchmark, 1 year | ahead by 13.0 pts | behind by 8.1 pts |
| Cost and size | ||
| Expense ratio | 0.39% | 0.35% |
| Net assets, as of Nov 3, 2026 | $2.1bn | $3.6bn |
| Holdings | ||
| Holdings in common | 17% | |
Risk and return
Feb 10, 2012 to Oct 30, 2026 · 768 weekly returnsEach against its own benchmark: PICK against ACWI, Feb 10, 2012 to Oct 30, 2026; XME against IVV, Jun 30, 2006 to Oct 30, 2026.
From Feb 2012 to Oct 2026, XME returned more: +124.6% to +94.6%. PICK swung less: 28.6% to 31.9%. PICK fell less at its worst: −67.4% to −75.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | PICK | XME | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +94.6% | +124.6% | XME | Price change plus distributions, reinvested. |
| Annualized | +4.6% | +5.6% | XME | Total return as a yearly rate. |
| Price return | +8.3% | +83.7% | XME | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 28.6% | 31.9% | PICK | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 19.6% | 21.7% | PICK (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −67.4% | −75.7% | PICK | Deepest fall from a high to the low after it. |
| Upside capture | 145.4% | 147.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 127.6% | 124.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.36 | 1.45 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.53 | 0.49 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.24 | 0.28 | XME | Return above Treasury bills per unit of volatility. |
| Sortino | 0.35 | 0.41 | XME | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.050 | 0.067 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.07 | 0.07 | XME (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | ACWI | IVV | The ETF each fund is measured against. | |
| Alpha | −6.4% a year | −5.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.26 | −0.94 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −16.5% to +3.6% | −17.0% to +6.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.14 | −0.03 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 20.3% | 27.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 768 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, PICK and XME hold 17% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
17% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | PICK | XME | PICK | XME |
| 3 months | −11.8% | −14.4% | −10.5 pts vs ACWI | −14.3 pts vs IVV |
| 6 months | −12.8% | −22.7% | −15.4 pts vs ACWI | −27.7 pts vs IVV |
| 1 year | +28.0% | +6.7% | +13.0 pts vs ACWI | −8.1 pts vs IVV |
| 3 years | +57.0% | +89.9% | −20.6 pts vs ACWI | +6.5 pts vs IVV |
| Since launchNot the same days: PICK Feb 2012 · XME Jun 2006 | +93.0% | +174.0% | −274.7 pts vs ACWI | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
17% of the two portfolios are the same securities at the same weight.
Client brief:
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PICK
By weight, 13% of PICK'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 49% of the fund across 259 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +28.0% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 13.0 pts. It sits 18.4% below its all-time high of Jun 2, 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 PICK and XME hold the same stocks?
- By their latest filings, 17% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, PICK against XME, data as of Nov 4, 2026. https://etfiq.com/compare/themes/pick-vs-xme
ETFIQ. (Nov 4, 2026). PICK against XME. Retrieved from https://etfiq.com/compare/themes/pick-vs-xme
[PICK against XME (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/pick-vs-xme)
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