Do FMTL and RING hold the same stocks?

By their latest filings, 20% 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 RING?

FMTL has 12% of its weight in S&P 500 names and RING has 18%, so RING differs more from the index.

Which is cheaper, FMTL or RING?

FMTL charges 0.65% a year and RING charges 0.39%, so RING is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMTL vs RING: Holdings Overlap & Returns

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FMTL and RING hold 20% 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 $2.3bn on Nov 4, 2026 for iShares MSCI Global Gold Miners ETF.

FMTL on its own →RING on its own →

At a glance

12.4%

FMTL in the S&P 500

17.6%

RING in the S&P 500

+35.8%

FMTL total return, since launch, Nov 5, 2025

+28.4%

RING 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.

RING · 1 year to Nov 4, 2026 82% of its weight is outside the S&P 500

18% of RING's weight is in S&P 500 companies and 82% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

RING costs 0.26 points a year less; RING is far larger, $2.1bn against $29m.

Points (pts) are percentage points.

FMTL vs RING: Holdings Overlap & Returns
Measure	FMTL	RING
Return
Measure	FMTL	RING
Total return, 1 year	not published	+28.4%
Drawdown
Measure	FMTL	RING
Below its all-time high	18.5%, high on Aug 25, 2026	25.1%, high on Feb 27, 2026
Against its benchmark
Measure	FMTL	RING
What it tracks	Rare earth and critical materials	Gold miners
Its benchmark, total return, 1 year		+15.0%
Against its benchmark, 1 year		ahead by 13.4 pts
Cost and size
Measure	FMTL	RING
Expense ratio	0.65%	0.39%
Net assets, as of Nov 3, 2026	$29m	$2.1bn
Holdings
Measure	FMTL	RING
Holdings in common	20%

Method

What they share

20%

By the books each fund has filed, FMTL and RING hold 20% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

20% in common

Positions both hold · largest shared weight first FMTL RING

Newmont Corporation 4.66% 17.65%

Barrick Mining Corporation 4.64% 8.72%

AngloGold Ashanti plc 4.50% 4.40%

Wheaton Precious Metals Corp. 4.36% 7.33%

OceanaGold Corporation 0.64% 1.16%

SSR Mining Inc. 0.64% 1.48%

Centerra Gold Inc. 0.46% 1.38%

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%

Glencore Plc 4.51%

Vale S.A. (ADR) 4.10%

Only in RING

AGNICO EAGLE MINES 12.79%

GOLD FIELDS 4.51%

KINROSS GOLD 3.74%

PAN AMERICAN SILVER 3.02%

COEUR MINING 2.84%

EQUINOX GOLD 2.47%

ALAMOS GOLD CLASS A 2.36%

IAMGOLD CORP 2.11%

Check overlap with more funds →

Window by window

Window by window: FMTL vs RING: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FMTL	RING	FMTL	RING
3 months	−8.9%	+2.4%	not measured	+3.7 pts vs ACWI
6 months	−12.1%	−7.2%	not measured	−9.8 pts vs ACWI
1 year	–	+28.4%	–	+13.4 pts vs ACWI
3 years	–	+233.8%	–	+156.2 pts vs ACWI
Since launchNot the same days: FMTL Nov 2025 · RING Feb 2012	+35.8%	+74.0%	not measured	−293.7 pts vs ACWI

– 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 RING iShares MSCI Global Gold Miners ETF · Holds 41 stocks in gold miners, 18% of its weight in S&P 500 companies

Issuer First Trust iShares

Theme Rare earth and critical materials Gold miners

In the S&P 500 12.4% 17.6%

Active share vs the S&P 500 99.7% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 46 41

Top ten, share of the fund 61.6% 67.5%

Expense ratio 0.65% 0.39%

Fee for the differing part 0.65% 0.39%

Total return, 1 year +35.8% (since launch, Nov 5, 2025) +28.4%

vs its benchmark not measured +13.4 pts vs ACWI

Below its high −18.5% −25.1%

Net assets, FMTL as of Nov 3, 2026 and RING as of Nov 4, 2026 $29m $2.3bn

As of Nov 4, 2026. Source: ETFIQ.

20% 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.

RING

By weight, 18% of RING'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 68% of the fund across 41 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +28.4% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 13.4 pts. It sits 25.1% below its all-time high of Feb 27, 2026.

Questions people ask

Do FMTL and RING hold the same stocks?: By their latest filings, 20% 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 RING?: FMTL has 12% of its weight in S&P 500 names and RING has 18%, so RING differs more from the index.
Which is cheaper, FMTL or RING?: FMTL charges 0.65% a year and RING charges 0.39%, so RING is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMTL vs GOEX FMTL vs GDXJ FMTL vs SGDM FMTL vs SGDJ RING vs WDIG RING vs SETM RING vs REMX RING 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 →RING on its own →FMTL dividend history →FMTL holdings →RING dividend history →RING 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 ↗

RING filings on SEC EDGAR ↗

RING prospectus with the expense ratio (SEC) ↗

iShares page for RING ↗

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.

Cite this pageCitation, APA and Markdown

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

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