Peripheral peers of XME to watch include GDX (Market Vectors Gold Miners), GDXJ (Market Vectors Junior Gold Miners), SIL (Global X Silver Miners), PSAU (PowerShares Global Gold and Precious Metals), COPX (Global X Copper Miners) and GLDX (Global X Gold Explorers).
Year to date, XME has notably lagged the broad market, down 22.26% versus the S&P 500 losing 0.71% during the same time period but over the trailing 5 year horizon, XME has a positive 3.37% return versus the S&P 500 losing 10.94%. If one looks at both short and longer term charts in XME and related metals and mining ETFs, it is evident that the investor may be in for a volatile ride, and must accept the prospects of the risk associated with any potential rewards.
SPDR S&P Metals and Mining
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