XME Stock Summary and Trading Ideas (SPDR S&P Metals & Mining ETF | ARCA:XME)

The SPDR S&P Metals & Mining ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Metals and Mining Select Industry Index (the Index ). The S&P Metals & Mining Select Industry Index (the Index ) represents the metals and mining segment of the S&PTotal Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The metals & mining segment of the S&P TMI comprises the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the Select Industry Indices ), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standard ( GICS ).

SPDR S&P Metals & Mining ETF trades on the ARCA stock market under the symbol XME.

As of May 1, 2024, XME stock price climbed to $59.29 with 5,246,454 million shares trading.

XME has a beta of 0.78, meaning it tends to be less sensitive to market movements. XME has a correlation of 0.20 to the broad based SPY ETF.

XME has a market cap of $1.96 billion. This is considered a Small Cap stock.

In the last 3 years, XME stock traded as high as $66.63 and as low as $38.65.

XME has outperformed the market in the last year with a return of +22.6%, while the SPY ETF gained +22.0%. In the last 3 month period, XME beat the market returning +2.8%, while SPY returned +2.6%. However, in the most recent 2 weeks XME has underperformed the stock market by returning -3.2%, while SPY returned 0.0%.

XME support price is $58.13 and resistance is $60.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XME stock will trade within this expected range on the day.