SPDR S&P Metals and Mining ETF (XME) Performance
XME total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −6.8% since Dec 31, 2025
- 1 year
- −2.2% total return
- 5 years
- +17.7% a year
- 10 years
- +15.5% a year
- Since first price
- +5.1% a year since 2006
XME trailing returns vs SPY, QQQ, AGG
| Period | XME total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −12.1% | −12.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.5% | −6.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −18.0% | −18.1% | +7.8% | +8.4% | −1.5% |
| YTD | −6.8% | −7.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.2% | −2.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +101.4%+26.3%/yr | +98.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +126.2%+17.7%/yr | +116.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +322.3%+15.5%/yr | +273.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +132.8%+5.8%/yr | +89.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +166.6%+5.0%/yr | +108.1% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 22, 2006 | +174.6%+5.1%/yr | +113.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XME vs SPY
From Jun 22, 2006: XME grew to $27,458, SPY to $88,403.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XME returns by calendar year
11 of 19 full years positive. Best 2016 (+106.0%), worst 2008 (−59.4%). 2026 is year to date.
XME annual returns table
| Year | XME | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −6.8% | −27.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +83.5% | −22.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −4.5% | −19.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +21.5% | −24.4% | +26.2% | +54.9% | +5.7% |
| 2022 | +13.1% | −37.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +34.9% | −17.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +16.0% | −50.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +14.7% | −23.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −26.8% | −34.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +21.2% | −19.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +106.0% | −20.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −50.5% | −52.7% | +1.2% | +9.4% | +0.5% |
| 2014 | −25.3% | −32.8% | +13.5% | +19.2% | +6.0% |
| 2013 | −5.4% | −30.7% | +32.3% | +36.6% | −2.0% |
| 2012 | −6.6% | −34.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −28.2% | −45.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +34.1% | −25.3% | +15.1% | +19.9% | +6.4% |
| 2009 | +88.2% | −35.9% | +26.4% | +54.7% | +3.0% |
| 2008 | −59.4% | −81.6% | −36.8% | −41.7% | +7.9% |
| 2007 | +41.8% | −21.8% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XME largest drawdowns
Now 27.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 30, 2008 | −85.9% | Jan 19, 2016 | Jul 18, 2025 | 7.6 years | 17.0 years |
| Jun 2, 2026 | −27.3% | Oct 23, 2026 | not yet | 5 months | 5 months so far |
| Jan 23, 2026 | −22.6% | Mar 20, 2026 | Jun 2, 2026 | 56 days | 4 months |
| Jul 13, 2007 | −21.8% | Aug 16, 2007 | Oct 26, 2007 | 34 days | 3 months |
| Jul 3, 2006 | −21.8% | Oct 3, 2006 | Nov 29, 2006 | 3 months | 5 months |
| Oct 14, 2025 | −19.7% | Nov 20, 2025 | Jan 5, 2026 | 37 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XME risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +26.0% | +21.0% | +16.0% | +5.0% |
| Volatility (annualized) | 29.7% | 33.2% | 32.7% | 34.6% |
| Sharpe ratio | 0.79 | 0.63 | 0.55 | 0.28 |
| Sortino ratio | 1.26 | 1.05 | 0.90 | 0.42 |
| Best month | +17.4% | +26.1% | +26.1% | +26.3% |
| Worst month | −17.4% | −18.7% | −26.7% | −34.2% |
| Best 12 months | +111.6% | +111.6% | +150.4% | +150.4% |
| Worst 12 months | −6.6% | −15.4% | −44.2% | −67.9% |
| Positive months | 61% | 57% | 55% | 53% |
| Beta vs S&P 500 | 1.43 | 1.31 | 1.45 | — |
| Correlation with S&P 500 | 0.60 | 0.62 | 0.68 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XME rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 233 | −67.9% | +11.9% | +150.4% | 60% |
| 3-year (a year) | 209 | −30.6% | +1.0% | +50.7% | 53% |
| 5-year (a year) | 185 | −26.3% | +1.8% | +33.3% | 56% |
| 10-year (a year) | 125 | −10.4% | +0.9% | +25.5% | 53% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
XME performance overview
SPDR S&P Metals and Mining ETF (XME) returned −2.2% over the past year and +15.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +5.1% a year, turning $10,000 into about $27,458. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −85.9%, from Jun 30, 2008 to Jan 19, 2016, and it took 9.5 years to get back to the old high. XME finished 11 of its 19 full calendar years with a gain; the best year was 2016 (+106.0%) and the worst 2008 (−59.4%). Volatility has been 34.6% a year.
Related: XME chart, XME holdings, XME dividends, XME valuation. See the XME overview for the latest quote and fund facts.
XME performance FAQ
What is the XME return over the past year?
XME returned −2.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.5%.
What is the average annual return of XME?
XME has returned +17.7% a year over 5 years, +15.5% a year over 10 years, +5.1% a year since June 22, 2006 (total return, distributions reinvested).
How much would $10,000 invested in XME be worth?
$10,000 invested in XME at its first recorded close on June 22, 2006 would be worth about $27,458 on October 23, 2026 with distributions reinvested.
What was the worst year for XME?
The worst calendar year was 2008, with a total return of −59.4%. The best was 2016 at +106.0%.
What is the biggest drawdown of XME?
The largest peak-to-trough decline was −85.9% between June 30, 2008 and January 19, 2016. It recovered to the old high on July 18, 2025, 9.5 years after the bottom.
How volatile is XME?
Over the past 3 years XME had an annualized volatility of 29.7% and a Sharpe ratio of 0.79 (excess return over 1–3 month T-bills per unit of risk).