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SPDR S&P Metals & Mining ETF (XME) currently has a diversified portfolio, with steel, gold, and coal dominating allocations over copper. XME's commodity exposures and top holdings shift frequently, so investors should not expect static sector or company weights. Gold's recent price surge and central bank buying have benefited XME more than copper, despite long-term copper demand projections.
Following last week's macroeconomic developments — such as the July jobs report — it's worth taking a look at near-term ETF performance. Tracking top-performing funds allows advisors and investors to see what thematic strategies are resonating in the market.
The United States is finally starting to dig itself out of a rare earth metals hole it spent decades digging. The effort got a boost on July 29, when Energy Fuels announced that construction has begun on a commercial-scale expansion at its White Mesa Mill in Utah.
Bank of America Corp DE increased its holdings in shares of SPDR S&P Metals and Mining ETF (NYSEARCA:XME) by 302.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,579,721 shares of the exchange traded fund's stock after purchasing an additional
The order comes as the administration has ramped up efforts to break China's stranglehold on the mining and processing of rare earths needed for defense and autos.
The industrial metals trade has quietly become the most interesting corner of the commodity market, and the choice between iShares Silver Trust (NYSEARCA:SLV), United States Copper Index Fund (NYSEARCA:CPER), and SPDR S&P Metals & Mining ETF (NYSEARCA:XME) carries real performance consequences.
A market that keeps climbing on thin volume tends to make careful investors nervous, not confident. That's the setup Chris Rowe, founder of True Market Insiders, says he's watching heading into the back half of 2026.
I maintain a buy rating on State Street SPDR S&P Metals & Mining ETF due to strong price action and attractive valuation. XME benefits from lower energy costs, a moderate 17.6x P/E, and a compelling sub-1.0 PEG ratio, supporting the bullish case. The ETF is concentrated in U.S. small-cap materials, offering high EPS growth but elevated volatility and economic sensitivity.