XMEETF / FundState Street(R) SPDR(R) S&P(R) Metals & Mining ETF
Verdicts genuinely change. Free email alert the moment XME's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
State Street(R) SPDR(R) S&P(R) Metals & Mining ETF ETF · SPDR SERIES TRUST
43 holdings · as of 2026-06-30 (4.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 108% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 23.46% of portfolio weight is in non-compliant holdings, over the 5% threshold.
43 holdings, 30 matched (75% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
1.13% of this portfolio’s income is non-permissible — weighted across holdings, computed over 70% of portfolio weight (28 of 43 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
53.3% compliant 0.0% questionable 21.7% non-compliant 25.0% unscreened
All holdings (43)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| State Street Global Advisors | UNSCREENED | 8.30% | no in-house ratios for this holding |
| Uranium Energy Corp | UNSCREENED | 4.76% | no in-house ratios for this holding |
| HL Hecla Mining Co | COMPLIANT | 4.62% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| LEU Centrus Energy Corp | NON_COMPLIANT | 4.60% | AAOIFI33.9% Usmani46.5% Dow Jones Islamic50.7% S&P Shariah66.8% MSCI Islamic46.5% MSCI Islamic M-Series66.8% FTSE Shariah46.5% |
| USAR USA Rare Earth Inc | NON_COMPLIANT | 4.47% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.1% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| CDE Coeur Mining Inc | COMPLIANT | 4.46% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| MP MP Materials Corp | NON_COMPLIANT | 4.41% | AAOIFI15.1% Usmani25.2% Dow Jones Islamic11.7% S&P Shariah15.0% MSCI Islamic25.2% MSCI Islamic M-Series15.0% FTSE Shariah24.7% |
| FCX Freeport-McMoRan Inc | COMPLIANT | 4.26% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| RGLD Royal Gold Inc | COMPLIANT | 4.26% | AAOIFI1.8% Usmani4.2% Dow Jones Islamic2.7% S&P Shariah3.3% MSCI Islamic4.2% MSCI Islamic M-Series3.3% FTSE Shariah4.2% |
| NEM Newmont Corp | COMPLIANT | 4.24% | AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8% |
| MTRN Materion Corp | COMPLIANT | 4.22% | AAOIFI9.8% Usmani27.3% Dow Jones Islamic17.9% S&P Shariah18.9% MSCI Islamic26.7% MSCI Islamic M-Series18.9% FTSE Shariah23.6% |
| RS Reliance Inc | COMPLIANT | 3.99% | AAOIFI9.9% Usmani18.8% Dow Jones Islamic12.5% S&P Shariah12.6% MSCI Islamic18.8% MSCI Islamic M-Series12.6% FTSE Shariah15.7% |
| NUE Nucor Corp | COMPLIANT | 3.74% | AAOIFI11.2% Usmani17.6% Dow Jones Islamic17.6% S&P Shariah17.3% MSCI Islamic17.6% MSCI Islamic M-Series17.3% FTSE Shariah17.6% |
| CNR Core Natural Resources Inc | COMPLIANT | 3.69% | AAOIFI9.1% Usmani7.3% Dow Jones Islamic11.1% S&P Shariah12.3% MSCI Islamic7.3% MSCI Islamic M-Series12.3% FTSE Shariah7.3% |
| STLD Steel Dynamics Inc | COMPLIANT | 3.60% | AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4% |
| Commercial Metals Co | UNSCREENED | 3.59% | no in-house ratios for this holding |
| HCC Warrior Met Coal Inc | COMPLIANT | 3.59% | AAOIFI2.8% Usmani8.1% Dow Jones Islamic4.2% S&P Shariah4.5% MSCI Islamic5.3% MSCI Islamic M-Series4.5% FTSE Shariah5.3% |
| BTU Peabody Energy Corp | COMPLIANT | 3.37% | AAOIFI11.8% Usmani7.8% Dow Jones Islamic15.1% S&P Shariah14.8% MSCI Islamic7.8% MSCI Islamic M-Series14.8% FTSE Shariah6.2% |
| AA Alcoa Corp | NON_COMPLIANT | 3.35% | AAOIFI16.9% Usmani13.2% Dow Jones Islamic24.5% S&P Shariah28.1% MSCI Islamic13.2% MSCI Islamic M-Series28.1% FTSE Shariah13.2% |
| CENX Century Aluminum Co | COMPLIANT | 3.28% | AAOIFI10.4% Usmani16.7% Dow Jones Islamic15.7% S&P Shariah19.8% MSCI Islamic16.7% MSCI Islamic M-Series19.8% FTSE Shariah16.7% |
| Cleveland-Cliffs Inc | UNSCREENED | 3.18% | no in-house ratios for this holding |
| KALU Kaiser Aluminum Corp | NON_COMPLIANT | 2.94% | AAOIFI39.7% Usmani36.7% Dow Jones Islamic65.1% S&P Shariah72.6% MSCI Islamic36.6% MSCI Islamic M-Series72.6% FTSE Shariah35.7% |
| Hycroft Mining Holding Corp | UNSCREENED | 2.68% | no in-house ratios for this holding |
| AMR Alpha Metallurgical Resources Inc | COMPLIANT | 2.10% | AAOIFI0.2% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.2% MSCI Islamic0.3% MSCI Islamic M-Series0.2% FTSE Shariah0.3% |
| Ivanhoe Electric Inc / US | UNSCREENED | 1.74% | no in-house ratios for this holding |
| UAMY United States Antimony Corp | COMPLIANT | 1.39% | AAOIFI0.0% Usmani0.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.2% MSCI Islamic M-Series0.1% FTSE Shariah0.2% |
| MUX McEwen Inc | COMPLIANT | 1.34% | AAOIFI10.3% Usmani12.8% Dow Jones Islamic15.5% S&P Shariah18.6% MSCI Islamic12.8% MSCI Islamic M-Series18.6% FTSE Shariah12.8% |
| Compass Minerals International Inc | UNSCREENED | 1.13% | no in-house ratios for this holding |
| SXC SunCoke Energy Inc | NON_COMPLIANT | 0.75% | AAOIFI74.8% Usmani37.9% Dow Jones Islamic97.5% S&P Shariah94.6% MSCI Islamic37.6% MSCI Islamic M-Series94.6% FTSE Shariah37.5% |
| IDR Idaho Strategic Resources Inc | COMPLIANT | 0.68% | AAOIFI0.4% Usmani1.6% Dow Jones Islamic0.5% S&P Shariah0.7% MSCI Islamic1.6% MSCI Islamic M-Series0.7% FTSE Shariah1.6% |
| METC Ramaco Resources Inc | NON_COMPLIANT | 0.65% | AAOIFI0.0% Usmani1.5% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Contango Silver & Gold Inc | UNSCREENED | 0.65% | no in-house ratios for this holding |
| URE.TO Ur-Energy Inc | NON_COMPLIANT | 0.63% | AAOIFI11.2% Usmani25.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic25.0% MSCI Islamic M-Seriesfail FTSE Shariah25.0% |
| RYZ Ryerson Holding Corp | NON_COMPLIANT | 0.63% | AAOIFI97.3% Usmani34.6% Dow Jones Islamic151.0% S&P Shariah150.8% MSCI Islamic34.6% MSCI Islamic M-Series150.8% FTSE Shariah24.9% |
| WS Worthington Steel Inc | NON_COMPLIANT | 0.60% | AAOIFI19.7% Usmani15.7% Dow Jones Islamic20.5% S&P Shariah21.1% MSCI Islamic15.4% MSCI Islamic M-Series21.1% FTSE Shariah11.4% |
| ABAT American Battery Technology Co | COMPLIANT | 0.53% | AAOIFI2.9% Usmani7.5% Dow Jones Islamic3.4% S&P Shariah4.1% MSCI Islamic7.5% MSCI Islamic M-Series4.1% FTSE Shariah7.4% |
| REalloys Inc | UNSCREENED | 0.52% | no in-house ratios for this holding |
| Dakota Gold Corp | UNSCREENED | 0.51% | no in-house ratios for this holding |
| LTBR Lightbridge Corp | NON_COMPLIANT | 0.44% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MTUS Metallus Inc | COMPLIANT | 0.41% | AAOIFI1.5% Usmani1.3% Dow Jones Islamic1.7% S&P Shariah1.6% MSCI Islamic1.1% MSCI Islamic M-Series1.6% FTSE Shariah0.0% |
| State Street Global Advisors | UNSCREENED | 0.04% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.00% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 3 points of portfolio weight — 59.2% of it passes FTSE Shariah, 55.8% passes MSCI Islamic M-Series. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 59.1% ratios fail on 15.1% 34.1% not rated under AAOIFI
ratios pass on 58.6% ratios fail on 15.1% 34.6% not rated under Usmani
ratios pass on 59.1% ratios fail on 15.1% 34.1% not rated under Dow Jones Islamic
ratios pass on 59.1% ratios fail on 15.1% 34.1% not rated under S&P Shariah
ratios pass on 58.6% ratios fail on 15.1% 34.6% not rated under MSCI Islamic
ratios pass on 55.8% ratios fail on 18.5% 34.1% not rated under MSCI Islamic M-Series
ratios pass on 59.2% ratios fail on 14.5% 34.6% not rated under FTSE Shariah
30 of 43 listed holdings carry our own per-methodology verdicts (81% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| LEU Centrus Energy Corp | 4.60% |
| USAR USA Rare Earth Inc | 4.47% |
| MP MP Materials Corp | 4.41% |
| AA Alcoa Corp | 3.35% |
| KALU Kaiser Aluminum Corp | 2.94% |
| SXC SunCoke Energy Inc | 0.75% |
| METC Ramaco Resources Inc | 0.65% |
| URE.TO Ur-Energy Inc | 0.63% |
| RYZ Ryerson Holding Corp | 0.63% |
| WS Worthington Steel Inc | 0.60% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
State Street(R) SPDR(R) S&P(R) Metals & Mining ETF (XME) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for XME — this runs off the critical path so the page paints first. It will appear here on its own.
| Investor | Firm | Position | Weight | As of |
|---|---|---|---|---|
| Ken Fisher | Fisher Asset Management | $3M | 0.0% | 2026-06-30 |
From the most recent 13F on file. A 13F reports long US equity positions quarterly and in arrears — it is what a manager held on the report date, not what they hold today.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 43.60 | NEUTRAL |
| Stochastic %K (14) | 54.84 | NEUTRAL |
| CCI (20) | -57.16 | NEUTRAL |
| Williams %R (14) | -45.16 | NEUTRAL |
| MACD (12,26,9) | 0.32 | BUY |
| ROC (10) | -4.74 | SELL |
| Momentum (10) | -4.79 | SELL |
| EMA (10) | 96.69 | BUY |
| SMA (10) | 96.06 | BUY |
| EMA (20) | 98.23 | SELL |
| SMA (20) | 97.82 | SELL |
| EMA (30) | 99.95 | SELL |
| SMA (30) | 100.12 | SELL |
| EMA (50) | 102.67 | SELL |
| SMA (50) | 104.39 | SELL |
| EMA (100) | 106.28 | SELL |
| SMA (100) | 106.70 | SELL |
| EMA (200) | 108.74 | SELL |
| SMA (200) | 111.66 | SELL |
About State Street(R) SPDR(R) S&P(R) Metals & Mining ETF
In seeking to track the performance of the S&P Metals & Mining Select Industry Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the metals and mining segment of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 43 |
| ⏰ 4H | BEARISH | 40 |
| 🕐 1H | RANGING | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.