
See exactly how XME's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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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…

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.

If you eyeballed metals and mining a month ago, the headline almost wrote itself.