MP Materials (MP) stock vs the S&P 500 and mining stocks
As of 2 October 2026, MP Materials (MP) is trailing both the S&P 500 and mining stocks as a group (XME) over the past three months.
Where MP Materials stands now
As of 2 October 2026, MP Materials is behind the S&P 500 on every window Zensei tracks, from one month to one year. The market has preferred other stocks for some time.
Inside its group, MP lags: it is behind mining stocks (XME) over both the past month and three months. As a group, mining stocks are losing ground to the S&P 500 right now. The group is in transition, so the stock's place inside it matters more than usual.
MP Materials is 4.6% of XME, so its moves weigh on the fund. The thing to watch is the past month: a turn against the market usually shows there first.
MP vs the S&P 500: returns
MP Materials and the S&P 500 (SPY) side by side, over each window Zensei tracks.
Prices as of · computed from daily adjusted closes · how we measure
MP against mining stocks, in depth
See the size of the gap between MP Materials and mining stocks (XME) over every window, its momentum and its relative strength, and where it sits among mining stocks.
See the full analysisWhich ETFs hold MP Materials?
One fund that Zensei tracks holds MP, by weight. The fund with the largest weight is its sector on this page.
MP Materials competitors
The largest other holdings of SPDR S&P Metals & Mining ETF (XME), with their return over the past month.
MP Materials stock: common questions
Is MP Materials stock beating the S&P 500?
As of 2 October 2026, MP Materials (MP) is down 12.6% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is down 11.9% and the S&P 500 is up 3.6%.
Which ETFs hold MP Materials?
As of 2 October 2026, one fund that Zensei tracks holds MP. Its largest weight is in SPDR S&P Metals & Mining ETF (XME), at 4.6%.
Who are MP Materials's competitors?
As of 2 October 2026, the largest other holdings of SPDR S&P Metals & Mining ETF (XME) are Cleveland-Cliffs Inc (CLF), Reliance Inc (RS), Steel Dynamics Inc (STLD), Royal Gold Inc (RGLD), Newmont Corp (NEM). These are the stocks MP Materials sits next to among mining stocks.
Is MP Materials doing better than other mining stocks?
As of 2 October 2026, MP Materials (MP) is behind mining stocks as a group (XME) over the past three months. Zensei Edge shows the size of the gap, its momentum and its relative strength.
Track MP Materials against mining stocks and the market
Zensei Edge maps 100+ sectors and themes against the S&P 500, with each stock inside them measured against its group.