State Street SPDR S&P Metals & Mining ETF (XME)
State Street SPDR S&P Metals & Mining ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $116.79, down 0.88% on the session, giving a market capitalisation of $4.44B. Its beta of 1.27 implies it has historically moved more than the broad market.
The State Street SPDR S&P Metals & Mining ETF (XME) seeks to deliver investment results that accurately reflect the total return performance of the S&P Metals and Mining Select Industry Index, prior to factoring in any fees and expenses. This fund provides targeted exposure to the crucial metals and mining segment of the S&P Total Market Index (TMI). Its holdings span a comprehensive list of sub-industries, including Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel. XME tracks a modified equal-weighted index, a design choice that aims to prevent overconcentration in any single company or sub-industry. This approach ensures a balanced representation across large, mid, and small-capitalization stocks within the sector. Ultimately, this ETF enables investors to adopt either strategic or tactical positions within the metals and mining space with a greater degree of specificity compared to broader, more general sector-based investment vehicles.
State Street SPDR S&P Metals & Mining ETF is most often compared with the following Financial Services names: