Data as of Nov 4, 2026.
SGDM vs XME: Holdings Overlap & Returns
Over the year to Nov 4, 2026, SGDM returned +27.9% to XME's +6.7%; 8% of their weight is in the same names.
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Net assets: $617m on Nov 4, 2026 for Sprott Gold Miners ETF, and $3.6bn on Nov 3, 2026 for State Street SPDR S&P Metals & Mining ETF.
8% of SGDM's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 4, 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 0.11 points a year less; their one-year returns differ by 21.2 points; XME is 6.3 times larger.
Points (pts) are percentage points.
| Measure | SGDM | XME |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.9% | +6.7% |
| Drawdown | ||
| Below its all-time high | 25.6%, high on Mar 2, 2026 | 27.8%, high on Jun 2, 2026 |
| Against its benchmark | ||
| What it tracks | Gold miners | 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 | ||
| Expense ratio | 0.46% | 0.35% |
| Net assets, as of Nov 3, 2026 | $570m | $3.6bn |
| Holdings | ||
| Holdings in common | 8% | |
Risk and return
Jul 25, 2014 to Oct 30, 2026 · 640 weekly returnsFrom Jul 2014 to Oct 2026, SGDM returned slightly more: +182.9% to +174.6%. XME swung less: 33.4% to 37.5%. SGDM fell less at its worst: −52.3% to −71.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SGDM | XME | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +182.9% | +174.6% | SGDM (slight) | Price change plus distributions, reinvested. |
| Annualized | +8.8% | +8.6% | SGDM (slight) | Total return as a yearly rate. |
| Price return | +156.9% | +132.5% | SGDM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 37.5% | 33.4% | XME | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 25.3% | 22.6% | XME | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −52.3% | −71.1% | SGDM | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.36 | 0.35 | SGDM (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.53 | 0.52 | SGDM (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.17 | 0.12 | SGDM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 640 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SGDM and XME hold 8% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
8% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | SGDM | XME | SGDM | XME |
| 3 months | +2.7% | −14.4% | not measured | −14.3 pts vs IVV |
| 6 months | −5.9% | −22.7% | not measured | −27.7 pts vs IVV |
| 1 year | +27.9% | +6.7% | not measured | −8.1 pts vs IVV |
| 3 years | +198.6% | +89.9% | not measured | +6.5 pts vs IVV |
| Since launchNot the same days: SGDM Jul 2014 · XME Jun 2006 | +219.4% | +174.0% | not measured | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
8% of the two portfolios are the same securities at the same weight.
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SGDM
By weight, 8% of SGDM'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 56% of the fund across 48 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +27.9% with distributions reinvested. It sits 25.6% below its all-time high of Mar 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 SGDM and XME hold the same stocks?
- By their latest filings, 8% 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, SGDM against XME, data as of Nov 4, 2026. https://etfiq.com/compare/themes/sgdm-vs-xme
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[SGDM against XME (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/sgdm-vs-xme)
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