---
ticker: "XME"
name: "State Street SPDR S&P Metals & Mining ETF"
url: "https://etf.net/etf/XME"
grade: "B"
score: 62
graded_at: "2026-10-12"
category: "Materials (Broad)"
category_rank: "4 of 14"
methodology: "https://etf.net/methodology"
---

# XME: State Street SPDR S&P Metals & Mining ETF

Grade **B**, Score 62 of 100. Rank 4 of 14 in Materials (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 61 | 6 of 14 |
| Mission | 52 | 4 of 4 |
| Risk | 28 | 13 of 14 |
| Tradability | 92 | 2 of 14 |
| Holdings | 66 | 5 of 14 |
| Durability | 72 | 4 of 14 |

## Top holdings

The fund holds 40 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | CLF | Cleveland Cliffs Inc | 5.70% |
| 2 | RS | Reliance Inc | 5.41% |
| 3 | STLD | Steel Dynamics Inc | 5.26% |
| 4 | NUE | Nucor Corp | 5.15% |
| 5 | MTRN | Materion Corp | 5.14% |
| 6 | FCX | Freeport Mcmoran Inc | 5.13% |
| 7 | CMC | Commercial Metals Co | 4.92% |
| 8 | NEM | Newmont Corp | 4.86% |
| 9 | RGLD | Royal Gold Inc | 4.78% |
| 10 | MP | Mp Materials Corp | 4.51% |
| 11 | AA | Alcoa Corp | 4.42% |
| 12 | HL | Hecla Mining Co | 4.35% |
| 13 | CDE | Coeur Mining Inc | 4.33% |
| 14 | UEC | Uranium Energy Corp | 4.20% |
| 15 | HCC | Warrior Met Coal Inc | 3.78% |
| 16 | CNR | Core Natural Resources Inc | 3.36% |
| 17 | BTU | Peabody Energy Corp | 2.92% |
| 18 | USAR | Usa Rare Earth Inc | 2.79% |
| 19 | LEU | Centrus Energy Corp Class A | 2.44% |
| 20 | CENX | Century Aluminum Company | 2.27% |
| 21 | KALU | Kaiser Aluminum Corp | 2.20% |
| 22 | AMR | Alpha Metallurgical Resource | 1.83% |
| 23 | IE | Ivanhoe Electric Inc / Us | 1.31% |
| 24 | HYMC | Hycroft Mining Holding Co A | 1.01% |
| 25 | RYZ | Ryerson Holding Corp | 0.98% |
| 26 | MUX | Mcewen Inc | 0.89% |
| 27 | SXC | Suncoke Energy Inc | 0.81% |
| 28 | CMP | Compass Minerals Internation | 0.72% |
| 29 | WS | Worthington Steel Inc | 0.67% |
| 30 | MTUS | Metallus Inc | 0.53% |

Source: etf.net, https://etf.net/etf/XME. Please cite the page URL.