The State Street SPDR S&P Metals & Mining ETF seeks to provide investors with exposure to metals and mining stocks by tracking the S&P Metals and Mining Select Industry Index. It holds shares of mining companies in the following subsectors of the metals and mining sector: aluminum, coal and consumable fuels, copper, diversified metals and mining, gold, precious metals and minerals, silver, and steel. The ETF had nearly $4.2 billion in assets under management (AUM) across 39 holdings in August 2026, led by the following five:
- Centrus Energy (NYSE:LUE): 4.9% of the fund’s holdings
- Hecla Mining (HL +1.39%): 4.7%
- Uranium Energy (UEC -0.63%): 4.6%
- Coeur Mining (CDE +1.48%): 4.6%
- Newmont Mining (NEM +0.11%): 4.5%
The ETF uses an equal-weight strategy, providing investors with targeted exposure to the entire U.S. metals and mining sector, including precious metals. It has the following allocation to metals:
- Steel: 29.8%
- Gold: 18.4%
- Coal and consumable fuels: 17.8%
- Diversified metals and mining: 16.0%
- Aluminum: 8.9%
- Silver: 4.6%
- Copper: 4.5%
It charges a relatively low ETF expense ratio of 0.35%. The ETF is ideal for investors seeking exposure to the U.S. metals sector. The ETF can also provide some income, with a 0.4% distribution yield as of August 2026.
