USA Rare Earth (USAR) stock vs the S&P 500 and mining stocks
As of 2 October 2026, USA Rare Earth (USAR) is among the weakest stocks we track. It is well behind the S&P 500 and behind mining stocks as a group (XME) over the past three months.
Where USA Rare Earth stands now
As of 2 October 2026, USA Rare Earth 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, USAR 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.
USA Rare Earth is 3.4% of XME, so the fund's direction owes little to it. The thing to watch is the past month: stocks this far behind only become interesting once the recent window turns.
USAR vs the S&P 500: returns
USA Rare Earth 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
USAR against mining stocks, in depth
See the size of the gap between USA Rare Earth 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 USA Rare Earth?
One fund that Zensei tracks holds USAR, by weight. The fund with the largest weight is its sector on this page.
USA Rare Earth competitors
The largest other holdings of SPDR S&P Metals & Mining ETF (XME), with their return over the past month.
USA Rare Earth stock: common questions
Is USA Rare Earth stock beating the S&P 500?
As of 2 October 2026, USA Rare Earth (USAR) is down 21.3% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is down 29.0% and the S&P 500 is up 3.6%.
Which ETFs hold USA Rare Earth?
As of 2 October 2026, one fund that Zensei tracks holds USAR. Its largest weight is in SPDR S&P Metals & Mining ETF (XME), at 3.4%.
Who are USA Rare Earth'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 USA Rare Earth sits next to among mining stocks.
Is USA Rare Earth doing better than other mining stocks?
As of 2 October 2026, USA Rare Earth (USAR) 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 USA Rare Earth 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.