Industry Distribution:

• Metals and Mining: approx. 70%
• Coal: approx. 15%
• Industrial Metals: approx. 10%
• Other: approx. 5%

TOP 3 Markets:

• USA: approx. 55%
• China: approx. 20%
• Canada: approx. 10%

The SPDR S&P Metals & Mining ETF (XME) mainly focuses on companies in the metals and mining industry. A large part of the revenue comes from the extraction and processing of metals such as steel, aluminum, and other industrial metals.

The USA is the largest market for this ETF, attributed to the strong presence of mining companies and the demand for metals in the industry. China follows as the second-largest market, being one of the largest consumers of metals worldwide. Canada is also a significant market due to its abundant natural resources and strong mining industry.

SPDR Series Trust - State Street SPDR S&P Metals & Mining ETF (ARCA:XME)

The SPDR S&P Metals & Mining ETF is an exchange-traded fund and not a company that produces physical products.

This ETF invests in a variety of companies in the metal and mining industry. The companies in which the ETF invests produce their products worldwide, depending on their respective locations and mining operations.

Typical regions include North America, South America, Australia, Africa, and Asia, where many of the mined metals and minerals are found.

Current Strategy: Diversification and Focus on Commodities
Industry Focus: Metals and Mining
Market Positioning: Broad diversification across various metal and mining companies

The SPDR S&P Metals & Mining ETF (XME) is an exchange-traded fund that aims to replicate the performance of the S&P Metals & Mining Select Industry Index. The ETF's strategy for future growth focuses on diversification within the metal and mining industry to remain independent of fluctuations in individual commodity prices.

The ETF invests in a variety of companies operating in various sectors of the metal and mining industry, including the extraction of precious metals, industrial metals, and other commodities. This broad diversification allows the ETF to benefit from growth opportunities in different segments of the industry.

Additionally, the ETF pursues a strategy aimed at identifying companies with strong growth potential and solid fundamental data. This includes considering companies that can benefit from technological advancements in the mining industry, as well as those implementing sustainable and environmentally friendly practices.

Through this strategy, the ETF positions itself to benefit from long-term trends such as the increasing demand for metals for renewable energy and electric vehicles.

Main raw materials: Iron ore, copper, aluminum, zinc, nickel

Main importing countries: Australia, Brazil, Canada, Chile, Russia

The SPDR S&P Metals & Mining ETF (XME) invests in companies operating in the metals and mining sector. These companies rely on the import of raw materials such as iron ore, copper, aluminum, zinc, and nickel to secure their production capacities.

Australia and Brazil are leading exporters of iron ore, while Canada and Chile are significant copper suppliers. Russia and Canada are also important sources of nickel and aluminum. These countries offer stable supply chains and high-quality raw materials that are crucial for the metal and mining industry.

Current Net Asset Value (NAV): $50.23 (2025) Annual Return: 8.5% (2024)

The SPDR S&P Metals & Mining ETF (XME) is not a single company, but an exchange-traded fund (ETF) that invests in a variety of companies in the metals and mining sector. Therefore, the ETF itself does not have a direct competitive advantage, but benefits from the advantages of the companies it invests in.

The competitive advantage of the ETF lies in its diversification across different companies and commodities, which reduces the risk for investors. The ETF provides access to a diversified portfolio of companies in the metal and mining sector, which is attractive to investors who want to benefit from the fluctuations of individual commodity prices.

Additionally, the ETF offers a cost-effective way to invest in the sector without the need to analyze and select individual stocks. This can be seen as a competitive advantage compared to directly buying stocks of individual companies.

Institutional Investor Share: approx. 75% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant insider transactions reported (2025)

The SPDR S&P Metals & Mining ETF (XME) is traditionally heavily held by institutional investors, reflecting the sector's specialization and volatility. Institutional investors value the diversification and exposure to commodity markets that this ETF provides.

Insider transactions are less relevant for ETFs as they are a fund and not a single company. Therefore, there are usually no significant insider buys or sells to report.

Market share of SPDR S&P Metals & Mining ETF (XME): Estimate: 5-7% (2025)

Main competitors and their market share:

1. iShares MSCI Global Metals & Mining Producers ETF (PICK): 8-10%
2. VanEck Vectors Steel ETF (SLX): 6-8%
3. Global X Lithium & Battery Tech ETF (LIT): 5-6%
4. Invesco Dynamic Metals & Mining ETF (PYZ): 4-5%
5. First Trust Materials AlphaDEX Fund (FXZ): 3-4%

The SPDR S&P Metals & Mining ETF (XME) has a moderate market share compared to its competitors. Its moat is limited as it is a passively managed ETF tracking the S&P Metals & Mining Select Industry Index. The advantage of this ETF lies in its diversification and broad coverage of the US market in metals and mining.

In comparison, some of the competing ETFs, such as the iShares MSCI Global Metals & Mining Producers ETF (PICK), have a stronger international focus, giving them a broader moat in terms of geographic diversification. The VanEck Vectors Steel ETF (SLX) provides specialized coverage in the steel sector, which can be advantageous for investors looking to specifically invest in this area.

Overall, the moat of these ETFs heavily depends on the specific investment strategy and geographic focus. The SPDR S&P Metals & Mining ETF offers a solid option for investors seeking broad coverage of the US metals and mining sector, while other ETFs may offer specific advantages in niche markets or international markets.

Industry Growth: 6.8% CAGR (2023-2028, estimate) ETF Performance: 8.5% average annual return (last 5 years)

The SPDR S&P Metals & Mining ETF (XME) provides investors with access to a diversified portfolio of companies in the metal and mining sector. The sector benefits from a stable demand for metals needed for construction, technology, and the energy transition.

The average annual return of 8.5% over the past five years demonstrates a solid performance, supported by increasing demand for commodities and the recovery of global markets post-pandemic.

Future growth opportunities arise from ongoing urbanization and the growing importance of renewable energies, which could further increase the demand for certain metals. However, investors should also consider the volatility of the commodity market and geopolitical risks.

Overall, the ETF could be an attractive option for investors interested in long-term investment in the metal and mining sector.

Dividend Yield: 2.1% (2024)

The SPDR S&P Metals & Mining ETF (XME) regularly pays dividends, which are typically distributed quarterly. The dividend yield recently stood at around 2.1%, which can be considered moderate compared to other ETFs in the commodity sector.

The reliability of the payout heavily depends on the performance of the companies included in the ETF that operate in the metals and mining sector. Since these industries are cyclical, dividend payments may fluctuate. Historically, however, XME has maintained a relatively consistent dividend policy, indicating a certain level of reliability.