Do FMTL and SETM 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 SETM?

FMTL has 12% of its weight in S&P 500 names and SETM has 9%, so SETM differs more from the index.

Which is cheaper, FMTL or SETM?

FMTL and SETM both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMTL vs SETM: Holdings Overlap & Returns

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FMTL and SETM 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 $421m on Nov 4, 2026 for Sprott Critical Materials ETF.

FMTL on its own →SETM on its own →

At a glance

12.4%

FMTL in the S&P 500

9.1%

SETM in the S&P 500

+35.8%

FMTL total return, since launch, Nov 5, 2025

+3.9%

SETM 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.

SETM · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500

9% of SETM's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

Both cost 0.65% a year; SETM is 14.1 times larger.

Points (pts) are percentage points.

FMTL vs SETM: Holdings Overlap & Returns
Measure	FMTL	SETM
Return
Measure	FMTL	SETM
Total return, 1 year	not published	+3.9%
Drawdown
Measure	FMTL	SETM
Below its all-time high	18.5%, high on Aug 25, 2026	37.4%, high on Jan 28, 2026
Against its benchmark
Measure	FMTL	SETM
What it tracks	Rare earth and critical materials	Rare earth and critical materials
Against the S&P 500, 1 year		behind by 10.9 pts
Its benchmark, total return, 1 year		+14.8%
Against its benchmark, 1 year		behind by 10.9 pts
Cost and size
Measure	FMTL	SETM
Expense ratio	0.65%	0.65%
Net assets, as of Nov 3, 2026	$29m	$410m
Holdings
Measure	FMTL	SETM
Holdings in common	20%

Method

What they share

20%

By the books each fund has filed, FMTL and SETM hold 20% 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

20% in common

Positions both hold · largest shared weight first FMTL SETM

Freeport-McMoRan Inc. 7.74% 5.47%

Cameco Corporation 3.84% 4.81%

Teck Resources Limited (Class B) 3.53% 3.95%

Antofagasta Plc 1.65% 2.68%

KGHM Polska Miedz S.A. 1.16% 1.41%

Hecla Mining Company 1.07% 3.42%

MP Materials Corp. 0.66% 2.86%

Capstone Copper Corp. 0.64% 1.05%

Compania de Minas Buenaventura S.A.A. (ADR) 0.59% 2.78%

NAC Kazatomprom JSC (GDR) 0.48% 4.15%

Energy Fuels Inc. 0.23% 0.86%

Iluka Resources Limited 0.21% 0.70%

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 SETM

Lynas Rare Earths Ltd. 4.87%

Albemarle Corp. 3.61%

Sociedad Quimica y Minera de Chile SA 3.40%

First Majestic Silver Corp. 3.33%

PLS Group Ltd. 3.12%

Uranium Energy Corp. 3.01%

Aya Gold & Silver Inc. 2.79%

NexGen Energy Ltd. 2.77%

Check overlap with more funds →

Window by window

Window by window: FMTL vs SETM: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FMTL	SETM	FMTL	SETM
3 months	−8.9%	−21.2%	not measured	−21.1 pts vs VOO
6 months	−12.1%	−35.3%	not measured	−40.3 pts vs VOO
1 year	–	+3.9%	–	−10.9 pts vs VOO
3 years	–	+57.7%	–	−25.6 pts vs VOO
Since launchNot the same days: FMTL Nov 2025 · SETM Feb 2023	+35.8%	+29.5%	not measured	−64.0 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 SETM Sprott Critical Materials ETF · Holds 156 stocks in rare earth and critical materials, 9% of its weight in S&P 500 companies

Issuer First Trust Sprott

Theme Rare earth and critical materials Rare earth and critical materials

In the S&P 500 12.4% 9.1%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 46 156

Top ten, share of the fund 61.6% 40.1%

Expense ratio 0.65% 0.65%

Fee for the differing part 0.65% 0.65%

Total return, 1 year +35.8% (since launch, Nov 5, 2025) +3.9%

vs its benchmark not measured −10.9 pts vs VOO

Below its high −18.5% −37.4%

Net assets, FMTL as of Nov 3, 2026 and SETM as of Nov 4, 2026 $29m $421m

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.

SETM

By weight, 9% of SETM'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 156 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +3.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 10.9 pts. It sits 37.4% below its all-time high of Jan 28, 2026.

Questions people ask

Do FMTL and SETM 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 SETM?: FMTL has 12% of its weight in S&P 500 names and SETM has 9%, so SETM differs more from the index.
Which is cheaper, FMTL or SETM?: FMTL and SETM both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

SETM filings on SEC EDGAR ↗

SETM prospectus with the expense ratio (SEC) ↗

Sprott page for SETM ↗

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

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