Do SLVP and XME hold the same stocks?

By their latest filings, 10% 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, SLVP or XME?

SLVP has 5% of its weight in S&P 500 names and XME has 22%, so SLVP differs more from the index.

Which is cheaper, SLVP or XME?

SLVP charges 0.39% 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

SLVP vs XME: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, SLVP returned +31.0% to XME's +6.7%; 10% of their weight is in the same names.

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Net assets: $799m on Nov 4, 2026 for iShares MSCI Global Silver and Metals Miners ETF, and $3.6bn on Nov 3, 2026 for State Street SPDR S&P Metals & Mining ETF.

SLVP on its own →XME on its own →

At a glance

5.3%

SLVP in the S&P 500

21.8%

XME in the S&P 500

+31.0%

SLVP total return, 1 year

+6.7%

XME total return, 1 year

SLVP · 1 year to Nov 4, 2026 95% of its weight is outside the S&P 500

5% of SLVP's weight is in S&P 500 companies and 95% 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 0.04 points a year less; their one-year returns differ by 24.3 points; XME is 5.0 times larger.

Points (pts) are percentage points.

SLVP vs XME: Holdings Overlap & Returns
Measure	SLVP	XME
Return
Measure	SLVP	XME
Total return, 1 year	+31.0%	+6.7%
Drawdown
Measure	SLVP	XME
Below its all-time high	33.0%, high on Feb 27, 2026	27.8%, high on Jun 2, 2026
Against its benchmark
Measure	SLVP	XME
What it tracks	Silver miners	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 16.0 pts	behind by 8.1 pts
Cost and size
Measure	SLVP	XME
Expense ratio	0.39%	0.35%
Net assets, as of Nov 3, 2026	$727m	$3.6bn
Holdings
Measure	SLVP	XME
Holdings in common	10%

Method

Risk and return

Feb 10, 2012 to Oct 30, 2026 · 768 weekly returns

SLVP XME

Return

Total return edge XME +45.6% +124.6%

Annualized edge XME +2.6% +5.6%

Price return edge XME +17.2% +83.7%

Risk

Volatility edge XME 41.1% 31.9%

Max drawdown edge XME (slight) −79.5% −75.7%

Downside capture 95.0% 124.3%

Beta 0.96 1.45

Risk-adjusted

Sharpe edge XME 0.23 0.28

Sortino edge XME 0.33 0.41

Treynor 0.097 0.067

Calmar edge XME 0.03 0.07

Against the benchmark

Alpha 0.0% a year −5.5% a year

Alpha t-stat 0.00 −0.94

Information ratio −0.01 −0.03

Tracking error 38.4% 27.6%

Each against its own benchmark: SLVP against ACWI, Feb 10, 2012 to Oct 30, 2026; XME against IVV, Jun 30, 2006 to Oct 30, 2026.

Reading

From Feb 2012 to Oct 2026, XME returned more: +124.6% to +45.6%. XME swung less: 31.9% to 41.1%. XME fell slightly less at its worst: −75.7% to −79.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: SLVP vs XME: Holdings Overlap & Returns
Measure	SLVP	XME	Edge	How it is measured
Return
Total return	+45.6%	+124.6%	XME	Price change plus distributions, reinvested.
Annualized	+2.6%	+5.6%	XME	Total return as a yearly rate.
Price return	+17.2%	+83.7%	XME	Price change alone, distributions left out.
Risk
Volatility	41.1%	31.9%	XME	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	28.2%	21.7%	XME	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−79.5%	−75.7%	XME (slight)	Deepest fall from a high to the low after it.
Upside capture	69.7%	147.5%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	95.0%	124.3%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.96	1.45	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.13	0.49	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.23	0.28	XME	Return above Treasury bills per unit of volatility.
Sortino	0.33	0.41	XME	Return above Treasury bills per unit of downside deviation.
Treynor	0.097	0.067		Return above Treasury bills per unit of beta.
Calmar	0.03	0.07	XME	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	IVV		The ETF each fund is measured against.
Alpha	0.0% a year	−5.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.00	−0.94	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−19.7% to +19.7%	−17.0% to +6.0%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.01	−0.03		Return against its benchmark per unit of tracking error.
Tracking error	38.4%	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

10%

By the books each fund has filed, SLVP and XME hold 10% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first SLVP XME

NEWMONT 5.32% 4.87%

HECLA MINING 13.56% 3.70%

COEUR MINING 1.64% 3.73%

HYCROFT MINING HOLDING CORP CLASS 0.20% 0.93%

Only in one fund ↓

Only in SLVP

INDUST PENOLES 11.08%

FIRST MAJESTIC SILVER 10.21%

FRESNILLO PLC 8.30%

AYA GOLD & SILVER INC 5.25%

AGNICO EAGLE MINES 4.99%

DISCOVERY MINING LTD 4.85%

WHEATON PRECIOUS METALS 4.78%

ENDEAVOUR SILVER CORP 3.79%

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%

FREEPORT MCMORAN INC 4.73%

MATERION CORP 4.59%

Check overlap with more funds →

Window by window

Window by window: SLVP vs XME: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	SLVP	XME	SLVP	XME
3 months	−6.8%	−14.4%	−5.5 pts vs ACWI	−14.3 pts vs IVV
6 months	−14.7%	−22.7%	−17.3 pts vs ACWI	−27.7 pts vs IVV
1 year	+31.0%	+6.7%	+16.0 pts vs ACWI	−8.1 pts vs IVV
3 years	+257.6%	+89.9%	+180.0 pts vs ACWI	+6.5 pts vs IVV
Since launchNot the same days: SLVP Feb 2012 · XME Jun 2006	+53.4%	+174.0%	−314.3 pts vs ACWI	not measured

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Side by side

SLVP iShares MSCI Global Silver and Metals Miners ETF · Holds 37 stocks in silver miners, 5% 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 iShares State Street

Theme Silver miners Miners and metals

In the S&P 500 5.3% 21.8%

Active share vs the S&P 500 99.8% 99.6%

In the Nasdaq-100 0.0% 0.0%

Holdings 37 38

Top ten, share of the fund 72.1% 55.0%

Expense ratio 0.39% 0.35%

Fee for the differing part 0.39% 0.35%

Total return, 1 year +31.0% +6.7%

vs its benchmark +16.0 pts vs ACWI −8.1 pts vs IVV

Below its high −33.0% −27.8%

Net assets, SLVP as of Nov 4, 2026 and XME as of Nov 3, 2026 $799m $3.6bn

As of Nov 4, 2026. Source: ETFIQ.

10% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

SLVP

By weight, 5% of SLVP'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 72% of the fund across 37 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +31.0% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 16.0 pts. It sits 33.0% below its all-time high of Feb 27, 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 SLVP and XME hold the same stocks?: By their latest filings, 10% 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, SLVP or XME?: SLVP has 5% of its weight in S&P 500 names and XME has 22%, so SLVP differs more from the index.
Which is cheaper, SLVP or XME?: SLVP charges 0.39% a year and XME charges 0.35%, so XME is cheaper. Fees come from each fund's prospectus.

Other comparisons

SLVP vs GOAU SLVP vs METL SLVP vs NIKL SLVP vs PICK XME vs AGMI XME vs SILJ XME vs SIL XME vs SMH

Where to next

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

Sources and dates

SLVP filings on SEC EDGAR ↗

SLVP prospectus with the expense ratio (SEC) ↗

iShares page for SLVP ↗

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

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