Do FMTL and METL hold the same stocks?

By their latest filings, 12% 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 METL?

FMTL has 12% of its weight in S&P 500 names and METL has 14%, so FMTL differs more from the index.

Which is cheaper, FMTL or METL?

FMTL charges 0.65% a year and METL charges 0.99%, so FMTL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMTL vs METL: Holdings Overlap & Returns

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FMTL and METL hold 12% 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 $66m on Nov 4, 2026 for Sprott Active Metals & Miners ETF.

FMTL on its own →METL on its own →

At a glance

12.4%

FMTL in the S&P 500

14.2%

METL in the S&P 500

+35.8%

FMTL total return, since launch, Nov 5, 2025

+6.9%

METL 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.

METL · 1 year to Nov 4, 2026 86% of its weight is outside the S&P 500

14% of METL's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

FMTL costs 0.34 points a year less; METL is 2.2 times larger.

Points (pts) are percentage points.

FMTL vs METL: Holdings Overlap & Returns
Measure	FMTL	METL
Return
Measure	FMTL	METL
Total return, 1 year	not published	+6.9%
Drawdown
Measure	FMTL	METL
Below its all-time high	18.5%, high on Aug 25, 2026	33.0%, high on Jan 28, 2026
Against its benchmark
Measure	FMTL	METL
What it tracks	Rare earth and critical materials	Miners and metals
Against the S&P 500, 1 year		behind by 7.9 pts
Its benchmark, total return, 1 year		+14.8%
Against its benchmark, 1 year		behind by 7.9 pts
Cost and size
Measure	FMTL	METL
Expense ratio	0.65%	0.99%
Net assets, as of Nov 3, 2026	$29m	$65m
Holdings
Measure	FMTL	METL
Holdings in common	12%

Method

What they share

12%

By the books each fund has filed, FMTL and METL hold 12% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first FMTL METL

Cameco Corporation 3.84% 3.37%

Freeport-McMoRan Inc. 7.74% 2.83%

Wheaton Precious Metals Corp. 4.36% 2.19%

Valterra Platinum Limited 2.15% 1.32%

MP Materials Corp. 0.66% 1.65%

Capstone Copper Corp. 0.64% 1.09%

Compania de Minas Buenaventura S.A.A. (ADR) 0.59% 3.13%

Sibanye Stillwater Ltd. (ADR) 0.74% 0.37%

USA Rare Earth, Inc. (Class A) 0.27% 0.35%

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%

Anglo American Plc 6.31%

Sumitomo Corporation 4.89%

Newmont Corporation 4.66%

Barrick Mining Corporation 4.64%

Glencore Plc 4.51%

Only in METL

Nucor Corp. 5.14%

Major Drilling Group International Inc. 4.50%

Steel Dynamics Inc. 4.29%

Reliance Inc. 4.17%

Hudbay Minerals Inc. 4.01%

NexGen Energy Ltd. 3.75%

Endeavour Silver Corp. 3.74%

Lundin Mining Corp. 3.37%

Check overlap with more funds →

Window by window

Window by window: FMTL vs METL: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FMTL	METL	FMTL	METL
3 months	−8.9%	−16.2%	not measured	−16.1 pts vs VOO
6 months	−12.1%	−26.0%	not measured	−31.0 pts vs VOO
1 year	–	+6.9%	–	−7.9 pts vs VOO
Since launchNot the same days: FMTL Nov 2025 · METL Sep 2025	+35.8%	+12.3%	not measured	−6.9 pts vs VOO

– 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 METL Sprott Active Metals & Miners ETF · Holds 45 stocks in miners and metals, 14% of its weight in S&P 500 companies

Issuer First Trust Sprott

Theme Rare earth and critical materials Miners and metals

In the S&P 500 12.4% 14.2%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 46 45

Top ten, share of the fund 61.6% 39.6%

Expense ratio 0.65% 0.99%

Fee for the differing part 0.65% 0.99%

Total return, 1 year +35.8% (since launch, Nov 5, 2025) +6.9%

vs its benchmark not measured −7.9 pts vs VOO

Below its high −18.5% −33.0%

Net assets, FMTL as of Nov 3, 2026 and METL as of Nov 4, 2026 $29m $66m

As of Nov 4, 2026. Source: ETFIQ.

12% 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.

METL

By weight, 14% of METL'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 40% of the fund across 45 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +6.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 7.9 pts. It sits 33.0% below its all-time high of Jan 28, 2026.

Questions people ask

Do FMTL and METL hold the same stocks?: By their latest filings, 12% 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 METL?: FMTL has 12% of its weight in S&P 500 names and METL has 14%, so FMTL differs more from the index.
Which is cheaper, FMTL or METL?: FMTL charges 0.65% a year and METL charges 0.99%, so FMTL is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMTL vs GOAU FMTL vs XME FMTL vs NIKL FMTL vs SLX METL vs WDIG METL vs SETM METL vs REMX METL vs ISTM

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FMTL on its own →METL on its own →FMTL dividend history →FMTL holdings →METL dividend history →METL 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 ↗

METL filings on SEC EDGAR ↗

METL prospectus with the expense ratio (SEC) ↗

Sprott page for METL ↗

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 METL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmtl-vs-metl

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