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XME vs OIH, Battle of Relative Strength Titans

|Includes: OIH, SPDR S&P Metals and Mining ETF (XME)

XME vs OIH, two strong ETFs, so who's winning, can you guess?  Short term, in 2010, OIH.  Longer-term, since Nov 2008, XME is still the big winner, but OIH is now threatening to reverse that, for the first time since late Oct 2009.  On this 3-year chart comparing the relative strength of OIH to XME, the downtrend line connecting the Mar 2009 and Oct 2009 highs currently is around 2.57.  OIH's relative strength current value is 2.52, slightly below that.  The top 10 holdings of XME and OIH are shown below the chart.

Left click on chart to enlarge.



TOP 10 HOLDINGS ( 84.06% OF TOTAL ASSETS)  
 
Company Symbol % Assets
BAKER HUGHES INTL BHI 7.45
BJ SERVICES CO BJS 4.52
Cameron Intl N/A 4.99
DIAMOND OFFSHORE DRL DO 8.83
HALLIBURTON CO HAL 10.86
NATL OILWELL VARCO NOV 6.67
Noble Corporation N/A 7.58
SCHLUMBERGER LTD SLB 11.6
TRANSOCEAN LTD RIG 16.28
WEATHERFORD INTL LTD WFT 5.28

OIH.  Source: Yahoo! Finance.


OP 10 HOLDINGS ( 48.67% OF TOTAL ASSETS)  
 
Company Symbol % Assets
ALCOA INC AA 4.48
ALPHA NATURAL RES ANR 4.55
ARCH COAL INC ACI 5.3
CLIFFS NATURAL CLF 5.51
COEUR D ALENE CP NEW CDE 4.49
COMPASS MINERALS INT CMP 4.99
CONS ENERGY INC CNX 4.85
FREEPORT MCMORAN B FCX 4.89
MASSEY ENERGY CO MEE 4.55
PEABODY ENERGY CORP BTU 5.06

XME.  Source: Yahoo! Finance.