- Last Ratings Update:09/30/2014
- Price as of 09/30/2014 :$36.79
- Net Assets:$490.3 Million
- Peer Rank:267 of 288
- Investment Rating:E+
We rate SPDR S&P Metals & Mining ETF at E+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Negative factors that influence this rating include a short term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The SPDR S&P Metals & Mining ETF has returned an annual rate of -1.37% since inception. More recently, the fund has generated a total return of -4.88% in the last five years, -7.40% in the last three years, and -4.53% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 7% of them. It has also outpaced 10% of its competitors on a three year basis and 15% of them over the last year for the period ending 9/30/2014. On a year to date basis, XME has returned -15.96%.
Downside risk has been above average. XME has a draw down risk of -39.72%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 28.0%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 9/30/2014, the fund was trading at a price of $36.79, which is 16.3% below its 52-week high of $43.97 and 0.6% above its 52-week low of $36.58.
Low expense ratio helps performance. On total assets of $490.30 million, XME maintains a low expense ratio compared to its Equity Income peers of just 0.35% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As XME is an exchange traded fund, it has no front end or back end load.
The SPDR S&P Metals & Mining ETF is managed by John A. Tucker at SSgA Funds Management Inc. This fund is one of 136 SSgA Funds Management Inc exchange-traded funds launched since 12/16/1998 that we track.
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