SPSM vs XME: Holdings Overlap
SPSMState Street® SPDR® Portfolio S&P 600™ Small Cap ETF
State Street (SPDR) · 604 holdings · $17.3B · as of 2026-08-06
XMEState Street® SPDR® S&P® Metals & Mining ETF
State Street (SPDR) · 39 holdings · $4.0B · as of 2026-08-06
How similar are SPSM and XME?
State Street® SPDR® Portfolio S&P 600™ Small Cap ETF (SPSM, by State Street (SPDR)) holds 604 positions; State Street® SPDR® S&P® Metals & Mining ETF (XME, by State Street (SPDR)) holds 39. They have 10 holdings in common, and by portfolio weight the two funds are 1.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10SPSM holds 604 · XME holds 39
- Weight in Shared Holdings
- SPSM 2%·XME 28%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SPSM
594 of 604 positions (98.1% of the fund) are not held by XME. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPSM | XME |
|---|---|---|
| Materials | 4.0% | 76.0% |
| Energy | 5.8% | 20.5% |
| Financials | 19.0% | 0.0% |
| Industrials | 17.4% | 0.0% |
| Consumer Discretionary | 13.9% | 0.0% |
| Other Sectors | 38.7% | 0.0% |
| Unclassified | 0.9% | 3.4% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (1% of SPSM, 3% of XME).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPSM | +2.4% | +24.5% | +36.5% | +14.6% | +7.7% | +10.9% | 1.36% |
| XME | +12.9% | +11.8% | +49.0% | +31.5% | +22.7% | +16.4% | 0.32% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SPSM vs XME →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by MTRN, HCC and CNR.
 MTRNMaterion Corp COM | 0.32% | 3.82% | 0.32% |
|---|---|---|---|
 HCCWarrior Met Coal Inc COM | 0.26% | 3.84% | 0.26% |
 CNRCore Natural Resources Inc. COM SHS | 0.25% | 4.02% | 0.25% |
 LEUCentrus Energy Corp., Class A | 0.18% | 4.72% | 0.18% |
 BTUPeabody Energy Corp. COM | 0.16% | 3.32% | 0.16% |
 KALUKaiser Aluminium Corporation COM PAR $0.01 | 0.15% | 2.49% | 0.15% |
 CENXCentury Aluminum Company COM | 0.14% | 3.17% | 0.14% |
 AMRAlpha Metallurgical Resources Inc COM | 0.09% | 1.87% | 0.09% |
 WSWorthington Steel Inc. COM SHS | 0.07% | 0.64% | 0.07% |
 MTUSMetallus Inc. COM | 0.04% | 0.46% | 0.04% |
Frequently Asked Questions
How much do SPSM and XME overlap?
SPSM and XME overlap by 1.6% of portfolio weight. They share 10 holdings (SPSM holds 604 positions and XME holds 39), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPSM and XME?
The two portfolios are 1.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPSM and XME?
The largest positions held by both funds are MTRN, HCC, CNR, LEU and BTU. Together the top 10 shared positions account for 100% of the total overlap.
What does SPSM own that XME doesn't?
594 positions (98.1% of SPSM) are unique to SPSM, led by VSAT, CORT and GKOS. In the other direction, 29 positions (71.6% of XME) are unique to XME.