Metals and mining ETFs in the reshoring trade

Steel, aluminum and other metal producers. Driven by industrial metal prices, and tariffs on imported metal.

4ETFs in this category

$6.3bnmoney in them

8.8%of the reshoring trade’s money

XMElargest unleveraged ETF, 60.9%

How they did, to Nov 2, 2026

	1 month	YTD	12 months
Category median	−8.0%	+1.7%	+11.7%
Its story	−0.4%	+8.4%	+13.6%
Broad US ETFs	−2.5%	+11.5%	+11.8%

1 month

YTD

12 months

Category median

−8.0%

+1.7%

+11.7%

Its story

−0.4%

+8.4%

+13.6%

Broad US ETFs

−2.5%

+11.5%

+11.8%

Every ETF here, largest first

#	ETF	Name	Assets	Share	12 months	Fee
1	XME	SPDR S&P Metals & Mining ETF	$3.8bn	60.9%	+1.4%	0.35%
2	PICK	iShares MSCI Global Metals Mining Producers ETF	$2.2bn	35.5%	+22.0%	0.39%
3	SLX	VanEck Steel ETF	$153m	2.4%	+28.7%	0.55%
4	METL	Sprott Active Metals & Miners ETF	$69m	1.1%	−2.4%	0.99%

Other categories in the reshoring trade

Infrastructure 10 ETFs Critical materials 14 ETFs Materials sector 10 ETFs Water, farmland and timber 7 ETFs Everything else 2 ETFs Leveraged and inverse 15 ETFs

Common questions

Which ETFs are metals and mining ETFs?4 US ETFs sit in this category of the reshoring trade. Steel, aluminum and other metal producers. Driven by industrial metal prices, and tariffs on imported metal.

What is the largest metals and mining ETF?XME, SPDR S&P Metals & Mining ETF, with $3.8bn, 60.9% of the category's money.

How have metals and mining ETFs performed?The median unleveraged ETF here returned +11.7% over the last 12 months to Nov 2, 2026, against +11.8% for broad US ETFs. Past performance, not a forecast.