Which stocks are most correlated with XME?

Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P Metals & Mining ETF (XME) are PYZ (0.90), METL (0.90) and SETM (0.89). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with XME?

Over the past year, the stocks most inversely correlated with State Street SPDR S&P Metals & Mining ETF (XME) are JDST (-0.77), GDXD (-0.75) and DUST (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR S&P Metals & Mining ETF (XME) — Stock Correlations & Overview

Over the past year, XME has moved most closely with PYZ, METL, SETM. Explore the stocks most correlated and inversely correlated with XME below, along with its price, financials, and company profile.

Stocks correlated with XME

Correlation of daily returns. Higher positive values move with XME; negative values move opposite it. Informational only, not investment advice.

Most correlated with XME

Symbol	Company	Correlation
PYZ	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Basic Materials Momentum ETF	0.90
METL	Sprott Active Metals & Miners ETF	0.90
SETM	Sprott Funds Trust Sprott Critical Materials ETF	0.89
MGNR	American Beacon GLG Natural Resources ETF	0.84
PICK	iShares MSCI Global Metals & Mining Producers ETF	0.84

Most inversely correlated with XME

Symbol	Company	Correlation
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.77
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.75
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.75
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.70
SRTY	ProShares UltraPro Short Russell2000	-0.70

Frequently asked questions about XME correlations

Which stocks are most correlated with XME?: Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P Metals & Mining ETF (XME) are PYZ (0.90), METL (0.90) and SETM (0.89). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with XME?: Over the past year, the stocks most inversely correlated with State Street SPDR S&P Metals & Mining ETF (XME) are JDST (-0.77), GDXD (-0.75) and DUST (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these XME correlations calculated?: We compute the correlation of daily returns between XME and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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