VOO vs XME
Vanguard S&P 500 ETF vs State Street SPDR S&P Metals & Mining ETF
Quick Verdict
VOO has a lower expense ratio. XME delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | VOO | XME | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $997.4B | $4.5B | |
| Dividend Yield | 1.08% | 0.37% | |
| Holdings | 509 | 41 | |
| YTD Return | +12.68% | +11.13% | |
| 1Y Return | +21.87% | +54.57% | |
| 3Y Return (annualized) | +22.06% | +33.40% | |
| 5Y Return (annualized) | +12.95% | +23.67% | |
| Volatility (annualized) | 14.1% | 34.6% | |
| Max Drawdown | -34.3% | -87.3% | |
| Fund Family | Vanguard (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Jun 19, 2006 |
VOO vs XME Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and State Street SPDR S&P Metals & Mining ETF (XME) is a ETF from State Street Investment Management. Over the past year VOO returned +21.87% while XME returned +54.57%. Year to date, VOO is up 12.68% versus a gain of 11.13% for XME.
Over three years, VOO compounded at +22.06% per year against +33.40% for XME; over five years the annualized figures are +12.95% and +23.67% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +5.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XME has been the more volatile fund, with annualized monthly volatility of 34.6% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.3% for VOO and -87.3% for XME. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VOO charges 0.03% per year while XME charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, VOO currently yields 1.08% against 0.37% for XME.
Holdings Overlap
VOO and XME share 3 holdings out of 542 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VOO or XME?
VOO has an expense ratio of 0.03% while XME charges 0.35%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, VOO or XME?
Over the past year VOO returned +21.87% vs +54.57% for XME, so XME leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.47% vs +5.19% for XME. Past performance does not guarantee future results.
Which is riskier, VOO or XME?
XME has been the more volatile fund at 34.6% annualized versus 14.1% for VOO. Worst drawdown: VOO -34.3% vs XME -87.3%.
Should I hold both VOO and XME?
VOO and XME have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VOO and XME?
VOO and XME share 3 common holdings with a 0.3% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, VOO or XME?
VOO yields 1.08% while XME yields 0.37%, so VOO currently pays the higher dividend yield.
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