VAW vs XME
Vanguard Materials ETF against State Street SPDR S&P Metals & Mining ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
25%
27 shared positions
Fee gap
26 bp
VAW is cheaper
1-year return gap
3.6 pts
VAW is ahead
Larger fund
XME
$4.1B
Side by side
| VAW | XME | |
|---|---|---|
| Fund | Vanguard Materials ETF | State Street SPDR S&P Metals & Mining ETF |
| Issuer | Vanguard | State Street SPDR |
| Category | Materials | Metals & Mining |
| Expense ratio | 0.09% | 0.35% |
| Assets | $2.9B | $4.1B |
| Average daily dollar volume | $17M | $164M |
| Listed | Jan 26, 2004 | Jun 19, 2006 |
| FrenzyCap score | 77 | 87 |
| 1-month return | −2.7% | −7.3% |
| 3-month return | −1.4% | +4.2% |
| Year to date | +6.8% | +2.6% |
| 1-year return | +7.6% | +4.0% |
| 30-day volatility | 15.1% | 29.6% |
| Worst drawdown, 1 year | −13.4% | −26.5% |
| Trailing 12-month yield | 1.44% | 0.32% |
| Holdings | 113 | 39 |
| Top 10 weight | 55.4% | 50.6% |
| Look-through P/E | 32.5 | 48.5 |
| Holdings vs fair value | +8.2% | +12.2% |
| Holdings above 200-day average | 33% | 43% |
| Net flow, latest 3 reported months | +$7.1M thru May 2026 | +$78M thru Jun 2026 |
| 30-day implied volatility | 21.0% | 29.2% |
| Holdings as of | as of May 31, 2026SEC filing | as of Oct 8, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
29% of VAW · 83% of XME| Holding | VAW | XME |
|---|---|---|
| FCX | 6.06% | 5.04% |
| NEM | 7.69% | 4.84% |
| NUE | 3.67% | 5.15% |
| STLD | 2.32% | 5.25% |
| AA | 1.29% | 4.56% |
| CDE | 1.28% | 4.33% |
| RS | 1.28% | 5.42% |
| RGLD | 1.22% | 4.75% |
| HL | 0.76% | 4.33% |
| MP | 0.59% | 4.59% |
| CMC | 0.54% | 4.94% |
| CLF | 0.50% | 5.44% |
| HCC | 0.32% | 3.71% |
| MTRN | 0.29% | 5.17% |
| CENX | 0.24% | 2.29% |
| KALU | 0.19% | 2.21% |
| AMR | 0.14% | 1.78% |
| USAR | 0.14% | 2.85% |
| WS | 0.09% | 0.66% |
| RYZ | 0.09% | 0.99% |
| IE | 0.08% | 1.26% |
| CMP | 0.07% | 0.74% |
| MUX | 0.07% | 0.87% |
| UAMY | 0.07% | 0.46% |
| SXC | 0.05% | 0.81% |
Sector mix of the stock holdings
| Sector | VAW | XME | Gap |
|---|---|---|---|
| Materials | 79.3% | 83.6% | −4.3% |
| Industrials | 4.1% | 11.6% | −7.5% |
| Consumer Staples | 7.7% | 0.0% | +7.7% |
| Financials | 1.2% | 4.8% | −3.5% |
| Consumer Discretionary | 4.6% | 0.0% | +4.6% |
| Energy | 0.1% | 0.0% | +0.1% |
More: full overlap table · VAW holdings · XME holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.