SPY vs XME: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · 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 SPY and XME?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; State Street® SPDR® S&P® Metals & Mining ETF (XME, by State Street (SPDR)) holds 39. They have 4 holdings in common, and by portfolio weight the two funds are 0.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4SPY holds 504 · XME holds 39
- Weight in Shared Holdings
- SPY 0%·XME 18%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 SPY
500 of 504 positions (99.5% of the fund) are not held by XME. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | XME |
|---|---|---|
| Materials | 1.8% | 76.0% |
| Information Technology | 37.6% | 0.0% |
| Energy | 3.2% | 20.5% |
| Financials | 12.3% | 0.0% |
| Communication Services | 9.7% | 0.0% |
| Other Sectors | 35.3% | 0.0% |
| Unclassified | 0.0% | 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 (0% of SPY, 3% of XME).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
| 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 SPY vs XME →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by NEM, FCX and NUE.
Frequently Asked Questions
How much do SPY and XME overlap?
SPY and XME overlap by 0.5% of portfolio weight. They share 4 holdings (SPY holds 504 positions and XME holds 39), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and XME?
The two portfolios are 0.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPY and XME?
The largest positions held by both funds are NEM, FCX, NUE and STLD. Together the top 4 shared positions account for 100% of the total overlap.
What does SPY own that XME doesn't?
500 positions (99.5% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 35 positions (82.5% of XME) are unique to XME.