Do FMTL and ISTM hold the same stocks?

By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FMTL or ISTM?

FMTL has 12% of its weight in S&P 500 names and ISTM has 1%, so ISTM differs more from the index.

Which is cheaper, FMTL or ISTM?

FMTL charges 0.65% a year and ISTM charges 0.47%, so ISTM is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMTL vs ISTM: Holdings Overlap & Returns

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FMTL and ISTM hold 0% of their weight in the same names.

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Net assets: $29m on Nov 3, 2026 for First Trust Indxx Critical Metals ETF, and $28m on Nov 4, 2026 for iShares Strategic Metals ETF.

FMTL on its own →ISTM on its own →

At a glance

12.4%

FMTL in the S&P 500

0.9%

ISTM in the S&P 500

+35.8%

FMTL total return, since launch, Nov 5, 2025

+18.3%

ISTM total return, 1 year

FMTL · 6 months to Nov 4, 2026 88% of its weight is outside the S&P 500

12% of FMTL's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Nov 3, 2026.

ISTM · 1 year to Nov 4, 2026 99% of its weight is outside the S&P 500

1% of ISTM's weight is in S&P 500 companies and 99% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ISTM costs 0.18 points a year less; FMTL is 1.1 times larger.

FMTL vs ISTM: Holdings Overlap & Returns
Measure	FMTL	ISTM
Return
Measure	FMTL	ISTM
Total return, 1 year	not published	+18.3%
Drawdown
Measure	FMTL	ISTM
Below its all-time high	18.5%, high on Aug 25, 2026	22.6%, high on Jan 29, 2026
Benchmark
Measure	FMTL	ISTM
What it tracks	Rare earth and critical materials	Rare earth and critical materials
Cost and size
Measure	FMTL	ISTM
Expense ratio	0.65%	0.47%
Net assets, as of Nov 3, 2026	$29m	$27m
Holdings
Measure	FMTL	ISTM
Holdings in common	0%

Method

What they share

By the books each fund has filed, FMTL and ISTM hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FMTL ISTM

Only in one fund ↓

Only in FMTL

Grupo Mexico, S.A.B. de C.V. (Class B) 8.26%

BHP Group Limited 8.22%

Rio Tinto Plc 7.83%

Freeport-McMoRan Inc. 7.74%

Anglo American Plc 6.31%

Sumitomo Corporation 4.89%

Newmont Corporation 4.66%

Barrick Mining Corporation 4.64%

Only in ISTM

CRH AMERICA FINANCE INC 144A 1.89%

DTE ELECTRIC CO 1.13%

COLUMBIA FUNDING COMPANY LLC 144A 1.09%

GLENCOVE FUNDING LLC 144A 1.09%

OMERS FINANCE TRUST 144A 1.09%

SHINHAN BANK NEW YORK 144A 1.06%

BUNGE LTD FINANCE CORP 144A 0.98%

ASB BANK LIMITED 144A 0.97%

Check overlap with more funds →

Window by window

Window by window: FMTL vs ISTM: Holdings Overlap & Returns
	Total return
Window	FMTL	ISTM
3 months	−8.9%	−8.4%
6 months	−12.1%	−12.6%
1 year	–	+18.3%
3 years	–	+68.3%
Since launchNot the same days: FMTL Nov 2025 · ISTM Sep 2023	+35.8%	+66.9%

– means no data for this window. Open this comparison in the app →

Side by side

FMTL First Trust Indxx Critical Metals ETF · Holds 46 stocks in rare earth and critical materials, 12% of its weight in S&P 500 companies ISTM iShares Strategic Metals ETF · Holds 86 stocks in rare earth and critical materials, 1% of its weight in S&P 500 companies

Issuer First Trust iShares

Theme Rare earth and critical materials Rare earth and critical materials

In the S&P 500 12.4% 0.9%

Active share vs the S&P 500 99.7% 100.0%

In the Nasdaq-100 0.0% 0.0%

Holdings 46 86

Top ten, share of the fund 61.6% 11.2%

Expense ratio 0.65% 0.47%

Fee for the differing part 0.65% 0.47%

Total return, 1 year +35.8% (since launch, Nov 5, 2025) +18.3%

vs its benchmark not measured not measured

Below its high −18.5% −22.6%

Net assets, FMTL as of Nov 3, 2026 and ISTM as of Nov 4, 2026 $29m $28m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Alert

About each fund

FMTL

By weight, 12% of FMTL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 62% of the fund across 46 positions, as published by its issuer for Nov 3, 2026. Since it first traded on Nov 5, 2025 the fund returned +35.8% with distributions reinvested. It sits 18.5% below its all-time high of Aug 25, 2026.

ISTM

By weight, 1% of ISTM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 11% of the fund across 86 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +18.3% with distributions reinvested. It sits 22.6% below its all-time high of Jan 29, 2026.

Questions people ask

Do FMTL and ISTM hold the same stocks?: By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FMTL or ISTM?: FMTL has 12% of its weight in S&P 500 names and ISTM has 1%, so ISTM differs more from the index.
Which is cheaper, FMTL or ISTM?: FMTL charges 0.65% a year and ISTM charges 0.47%, so ISTM is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMTL vs REMX FMTL vs REXC FMTL vs WDIG FMTL vs SETM ISTM vs REXC ISTM vs SETM ISTM vs REMX ISTM vs WDIG

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FMTL on its own →ISTM on its own →FMTL dividend history →FMTL holdings →ISTM dividend history →ISTM holdings →Method →Standards and sources →

Sources and dates

FMTL filings on SEC EDGAR ↗

FMTL prospectus with the expense ratio (SEC) ↗

First Trust page for FMTL ↗

ISTM filings on SEC EDGAR ↗

ISTM prospectus with the expense ratio (SEC) ↗

iShares page for ISTM ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, FMTL against ISTM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmtl-vs-istm

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.