Data as of .
FMTL vs PICK: which is really different?
FMTL and PICK hold 20% of their weight in the same names.
ETFIQ Off-Index Score: FMTL scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
20% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FMTL and PICK hold 20% of their money in the same securities at the same weight.
| Holding | FMTL | PICK |
|---|---|---|
| Freeport-McMoRan Inc. | 8.55% | 6.26% |
| Glencore Plc | 7.88% | 4.26% |
| Anglo American Plc | 6.70% | 3.41% |
| Southern Copper Corporation | 2.00% | 1.11% |
| Antofagasta Plc | 1.85% | 1.03% |
| KGHM Polska Miedz S.A. | 1.44% | 0.76% |
| Alcoa Corporation | 1.39% | 0.71% |
| Capstone Copper Corp. | 0.80% | 0.54% |
| Compania de Minas Buenaventura S.A.A. (ADR) | 1.03% | 0.35% |
| USA Rare Earth, Inc. (Class A) | 0.36% | 0.18% |
| Eramet | 0.05% | 0.02% |
| Only in FMTL | Only in PICK |
|---|---|
| BHP Group Limited 8.97% | BHP GROUP LTD 13.44% |
| Sumitomo Corporation 5.23% | RIO TINTO PLC 6.27% |
| Wheaton Precious Metals Corp. 4.79% | NUCOR 3.36% |
| Cameco Corporation 4.72% | CIA VALE DO RIO DOCE SH 3.17% |
| Newmont Corporation 4.63% | RIO TINTO LTD 2.69% |
| Barrick Mining Corporation 4.56% | GRUPO MEXICO B 2.19% |
| Grupo Mexico, S.A.B. de C.V. (Class B) 4.55% | STEEL DYNAMICS INC 1.96% |
| AngloGold Ashanti plc 4.25% | ARCELORMITTAL SA 1.88% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FMTL | PICK | FMTL | PICK | FMTL | PICK | |
| 3 months | +0.7% | −1.8% | −1.5 pts | −4.0 pts | +3.2 pts | +0.7 pts |
| 6 months | +20.3% | +20.2% | +2.3 pts | +2.2 pts | −3.9 pts | −4.0 pts |
| 1 year | not published | +49.6% | not published | +33.1 pts | not published | +27.9 pts |
| 3 years | not published | +67.1% | not published | −11.3 pts | not published | −31.1 pts |
| Since launch | +50.9% | +114.0% | +37.3 pts | −527.4 pts | +34.7 pts | −1122.5 pts |
| FMTL First Trust Indxx Critical Metals ETF Holds 52 stocks in rare earth and critical materials, 13% of its weight in S&P 500 companies | PICK iShares MSCI Global Metals & Mining Producers ETF Holds 279 stocks in miners and metals, 12% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | iShares |
| Theme | Rare earth and critical materials | Miners and metals |
| In the S&P 500 | 13.2% | 11.8% |
| Active share vs the S&P 500 | 99.7% | 99.7% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 52 | 279 |
| Top ten, share of the fund | 60.6% | 47.2% |
| Expense ratio | 0.65% | 0.39% |
| Fee for the differing part | 0.65% | 0.39% |
| Total return, 1 year | +50.9% (since launch on Nov 5, 2025) | +49.6% |
| vs the S&P 500 | +37.3 pts | +33.1 pts |
| vs the Nasdaq-100 | +34.7 pts | +27.9 pts |
| Below its high | −9.5% | −9.6% |
| Net assets | $30m | $2.5bn |
FMTL in plain words
By weight, 13% 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 61% of the fund across 52 positions, as published by its issuer for Sep 18, 2026. Since it launched on Nov 5, 2025 the fund returned +50.9% with distributions reinvested against +13.6% for the S&P 500, so a holder was ahead by 37.2 pts. It sits 9.5% below its all-time high of Aug 25, 2026.
PICK in plain words
By weight, 12% of PICK'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 47% of the fund across 279 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +49.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.1 pts. It sits 9.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Do FMTL and PICK hold the same stocks?
- By their latest filings, 20% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FMTL or PICK?
- FMTL has 13% of its weight in S&P 500 names and PICK has 12%, so FMTL differs more from the index.
- Which is cheaper, FMTL or PICK?
- FMTL charges 0.65% a year and PICK charges 0.39%, so PICK is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FMTL against PICK, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fmtl-vs-pick Free to use with attribution; the underlying files are at Open data.