Data as of Oct 28, 2026.
XME vs XT: Holdings Overlap & Returns
Over the year to Oct 28, 2026, XME returned +3.4% to XT's +22.1%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $3.8bn for State Street SPDR S&P Metals & Mining ETF and $4.1bn for iShares Future Exponential Technologies ETF.
21% of XME's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Oct 27, 2026.
66% of XT's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
XME costs 0.11 points a year less; their one-year returns differ by 18.7 points; XT is 1.1 times larger.
Points (pts) are percentage points.
| Measure | XME | XT |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.4% | +22.1% |
| Drawdown | ||
| Below its all-time high | 23.6%, high on Jun 2, 2026 | |
| Against its benchmark | ||
| What it tracks | Miners and metals | Broad innovation and megatrends |
| Against the S&P 500, 1 year | behind by 10.3 pts | |
| Its benchmark, total return, 1 year | +13.7% | +13.4% |
| Against its benchmark, 1 year | behind by 10.3 pts | ahead by 8.7 pts |
| Cost and size | ||
| Expense ratio | 0.35% | 0.46% |
| Net assets, as of Oct 27, 2026 | $3.8bn | $4.1bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 2, 2015 to Oct 23, 2026 · 603 weekly returnsEach against its own benchmark: XME against IVV, Jun 30, 2006 to Oct 23, 2026; XT against ACWI, Apr 2, 2015 to Oct 23, 2026.
XME returned slightly more: +323.3% to +292.0%. XT swung less: 19.0% to 33.7%. XT fell less at its worst: −34.3% to −61.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | XME | XT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +323.3% | +292.0% | XME (slight) | Price change plus distributions, reinvested. |
| Annualized | +13.2% | +12.5% | XME (slight) | Total return as a yearly rate. |
| Price return | +263.8% | +225.6% | XME | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 33.7% | 19.0% | XT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 22.5% | 13.2% | XT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −61.1% | −34.3% | XT | Deepest fall from a high to the low after it. |
| Upside capture | 147.5% | 123.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 124.4% | 108.7% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.45 | 1.11 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.49 | 0.89 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.47 | 0.60 | XT | Return above Treasury bills per unit of volatility. |
| Sortino | 0.71 | 0.87 | XT | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.066 | 0.103 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.22 | 0.36 | XT | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVV | ACWI | The ETF each fund is measured against. | |
| Alpha | −5.7% a year | +1.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.96 | 0.61 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −17.2% to +5.9% | −2.5% to +4.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.03 | 0.33 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 27.6% | 6.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 603 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, XME and XT hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | XME | XT | XME | XT |
| 3 months | +3.9% | +10.2% | −2.2 pts vs IVV | +5.8 pts vs ACWI |
| 6 months | −11.5% | +14.0% | −20.6 pts vs IVV | +6.6 pts vs ACWI |
| 1 year | +3.4% | +22.1% | −10.3 pts vs IVV | +8.7 pts vs ACWI |
| 3 years | +108.2% | +93.2% | +12.8 pts vs IVV | +4.3 pts vs ACWI |
| Since launchNot the same days: XME Jun 2006 · XT Mar 2015 | +189.8% | +297.8% | not measured | +71.7 pts vs ACWI |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
XME and XT are built for the same job. How do they differ in cost, holdings and results?
- Theme. XME covers Miners and metals and XT covers Broad innovation and megatrends.
- Concentration. The top ten holdings are 53.3% of XME and 36.6% of XT, a gap of 16.7 points.
- What each follows. XME follows Miners and metals and XT follows Broad innovation and megatrends.
Data as of Oct 28, 2026.
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XME
By weight, 21% 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 53% of the fund across 38 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +3.4% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 10.3 pts. It sits 23.6% below its all-time high of Jun 2, 2026.
XT
By weight, 66% of XT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 37% of the fund across 197 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +22.1% with distributions reinvested against +13.4% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 8.7 pts.
Questions people ask
- Do XME and XT hold the same stocks?
- By their latest filings, 0% 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, XME against XT, data as of Oct 28, 2026. https://etfiq.com/compare/themes/xme-vs-xt
ETFIQ. (Oct 28, 2026). XME against XT. Retrieved from https://etfiq.com/compare/themes/xme-vs-xt
[XME against XT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/xme-vs-xt)
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