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PICK vs XME
Which ETF would AI Choose? iShares MSCI Global Metals & Mining Producers ETF (PICK) vs. SPDR S&P Metals & Mining ETF (XME)
Key Takeaways
- PICK provides global exposure to metals and mining producers excluding gold and silver, while XME focuses exclusively on U.S. companies across a broader range of metals and mining sub-industries including gold.
- PICK holds approximately 240–270 securities with market-cap weighting, offering broader geographic diversification across developed and emerging markets.
- XME employs a modified equal-weighted approach with roughly 39 holdings, emphasizing balance across large-, mid-, and small-cap U.S. miners and steel producers.
- PICK carries an expense ratio of 0.39%, compared with 0.35% for XME, reflecting differences in index complexity and geographic scope.
- Both ETFs target the materials sector but differ in thematic purity: PICK screens out precious metals for a cleaner industrial metals focus, whereas XME includes gold, silver, and coal exposure.
- Structural distinctions in holdings concentration, regional allocation, and rebalancing methodology drive divergent risk profiles and sensitivity to global commodity cycles versus domestic U.S. industrial trends.
Introduction
Investors seeking targeted exposure to the metals and mining sector often evaluate PICK and XME as complementary rather than direct competitors. These exchange-traded funds (ETFs) deliver distinct strategies within the same broad industry: one emphasizes global industrial metals producers with gold and silver exclusions, while the other delivers modified equal-weighted access to U.S. metals and mining companies across multiple sub-industries. In the current environment of evolving commodity demand, infrastructure spending, and supply-chain considerations, comparing their structural characteristics helps clarify positioning for sector rotation or thematic allocation decisions.
iShares MSCI Global Metals & Mining Producers ETF (PICK) Overview
The PICK ETF seeks to track the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It holds approximately 240–270 securities and applies market-capitalization weighting. Top holdings typically include BHP, Rio Tinto, Freeport-McMoRan (FCX), Glencore, and Anglo American, with the top 10 positions accounting for roughly 45–50% of assets. Sector allocations concentrate in diversified metals and mining (around 50%), steel (around 26%), and copper (around 14%). The fund charges an expense ratio of 0.39% and follows a passive, rules-based methodology with quarterly index reviews. Its global footprint spans Australia, the United States, the United Kingdom, and emerging markets, providing diversified exposure to industrial metals demand while excluding gold and silver producers.
SPDR S&P Metals & Mining ETF (XME) Overview
The XME ETF seeks to track the S&P Metals & Mining Select Industry Index through a modified equal-weighted methodology. It holds approximately 39 securities, balancing exposure across large-, mid-, and small-cap U.S. companies. Top holdings often include Reliance Inc (RS), Cleveland-Cliffs (CLF), Steel Dynamics (STLD), Nucor (NUE), and Commercial Metals (CMC), with the top 10 representing about 50% of assets. The portfolio spans aluminum, coal, copper, diversified metals, gold, precious metals, silver, and steel sub-industries. XME carries an expense ratio of 0.35% and rebalances quarterly. Its U.S.-centric focus delivers concentrated domestic exposure with potential for higher volatility due to equal weighting and inclusion of precious metals and coal producers.
Industry and Thematic Backdrop
The metals and mining sector operates amid fluctuating industrial demand, infrastructure initiatives, energy transition requirements, and supply constraints. Macroeconomic factors such as global manufacturing activity, construction spending, and commodity price cycles influence both ETFs. Regulatory developments around mining permits, environmental standards, and trade policies add complexity. Capital flows into critical minerals for electrification and decarbonization support long-term structural demand, while short-term volatility arises from inventory cycles and geopolitical supply risks. Both funds reflect these dynamics through their respective geographic and sub-industry tilts.
Performance and Positioning Comparison
In recent market cycles, PICK has exhibited sensitivity to global industrial metals prices and international economic growth, with its ex-gold/silver screen reducing exposure to precious metals volatility. XME has shown greater responsiveness to U.S. steel and domestic mining earnings, amplified by equal weighting that elevates smaller constituents. Relative positioning highlights PICK’s broader diversification versus XME’s concentrated U.S. tilt and inclusion of gold and coal. Volatility differences stem from geographic scope and weighting methodology, with XME often displaying higher turnover effects from quarterly rebalancing. These characteristics influence behavior during sector rotations driven by commodity trends or macroeconomic shifts.
AI Screener
Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore the AI Screener to uncover additional opportunities aligned with sector themes.
Tickeron AI Verdict
Based on observable structural factors, Tickeron’s AI would currently assign a modestly higher probability of favorability to XME due to its lower expense ratio, modified equal-weighted diversification across U.S. market-cap segments, and inclusion of multiple sub-industries that may align with domestic industrial momentum. PICK offers compelling global reach and thematic purity but carries a higher cost and greater concentration in large-cap international names. Final selection depends on an investor’s geographic preference and risk tolerance.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is PICK is a Hold and XME is a Hold.
PICK's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for PICK moved out of oversold territory on November 02, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In 22 of the 23 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PICK just turned positive on November 09, 2026. Looking at past instances where PICK's MACD turned positive, the stock continued to rise in 41 of 43 cases over the following month. The odds of a continued upward trend are 90%.
Following a +5.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where PICK advanced for three days, in 300 of 337 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
PICK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 54 of 63 cases where PICK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 86%.
The Momentum Indicator moved below the 0 level on November 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PICK as a result. In 71 of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 87%.
The 50-day moving average for PICK moved below the 200-day moving average on November 05, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PICK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 85%.
The Aroon Indicator for PICK entered a downward trend on November 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
XME in -3.59% downward trend, sliding for three consecutive days on November 13, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where XME declined for three days, in 237 of 270 cases, the price declined further within the following month. The odds of a continued downward trend are 88%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on XME as a result. In 59 of 69 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 86%.
The Aroon Indicator for XME entered a downward trend on November 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where XME's RSI Indicator exited the oversold zone, 28 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 48 of 52 cases where XME's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for XME just turned positive on November 09, 2026. Looking at past instances where XME's MACD turned positive, the stock continued to rise in 39 of 45 cases over the following month. The odds of a continued upward trend are 87%.
Following a +9.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where XME advanced for three days, in 333 of 361 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
XME may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
| PICK | XME | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 90% | 2 days ago 90% |
| Stochastic ODDS (%) | 2 days ago 86% | 2 days ago 90% |
| Momentum ODDS (%) | 2 days ago 87% | 2 days ago 86% |
| MACD ODDS (%) | 2 days ago 90% | 2 days ago 87% |
| TrendWeek ODDS (%) | 2 days ago 85% | 2 days ago 90% |
| TrendMonth ODDS (%) | 2 days ago 85% | 2 days ago 85% |
| Advances ODDS (%) | 6 days ago 89% | 6 days ago 90% |
| Declines ODDS (%) | 2 days ago 85% | 2 days ago 88% |
| BollingerBands ODDS (%) | 2 days ago 90% | 2 days ago 90% |
| Aroon ODDS (%) | 2 days ago 83% | 2 days ago 80% |
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PICK and
Correlation & Price change
A.I.dvisor indicates that over the last year, PICK has been closely correlated with BHP. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if PICK jumps, then BHP could also see price increases.
| Ticker / NAME | Correlation To PICK | 1D Price Change % | ||
|---|---|---|---|---|
| PICK | 100% | -1.35% | ||
| BHP - PICK | 91% Closely correlated | -1.27% | ||
| RIO - PICK | 90% Closely correlated | -0.40% | ||
| MT - PICK | 72% Closely correlated | -2.14% | ||
| IDR - PICK | 65% Loosely correlated | -1.74% | ||
| CSTM - PICK | 64% Loosely correlated | -1.02% | ||
More | ||||
XME and
Correlation & Price change
A.I.dvisor indicates that over the last year, XME has been closely correlated with CDE. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if XME jumps, then CDE could also see price increases.
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