IQ

Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Thematic ETFs

FMTL vs SLX: Holdings Overlap & Returns

Share
Share on XDownload as PDF

FMTL and SLX hold 17% of their weight in the same names.

askIQ about this page

askIQ about FMTL and SLX

Net assets on Nov 3, 2026: $29m for First Trust Indxx Critical Metals ETF and $150m for VanEck Steel ETF.

FMTL on its own →SLX on its own →
At a glance
12.4%
FMTL in the S&P 500
13.5%
SLX in the S&P 500
+35.8%
FMTL total return, since launch, Nov 5, 2025
+32.9%
SLX total return, 1 year
FMTL · 6 months to Nov 4, 2026 88% of its weight is outside the S&P 500
88% of its weight is outside the S&P 50012% of FMTL's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Nov 3, 2026.12%88%inof its weight outside the S&P 500active share 100% · top ten 62% of the fund · 46 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 0% in88% of its weight is outside the S&P 50012% of FMTL's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Nov 3, 2026.12%88%inof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

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

SLX · 1 year to Nov 4, 2026 87% of its weight is outside the S&P 500
87% of its weight is outside the S&P 50014% of SLX's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 2, 2026.14%87%inof its weight outside the S&P 500active share 100% · top ten 57% of the fund · 39 holdings as published by its issuer for Nov 2, 2026 · Nasdaq-100: 0% in87% of its weight is outside the S&P 50014% of SLX's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 2, 2026.14%87%inof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

14% of SLX's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 2, 2026.

Pair scorecard

SLX costs 0.10 points a year less; SLX is 5.2 times larger.

Points (pts) are percentage points.

FMTL vs SLX: Holdings Overlap & Returns
MeasureFMTLSLX
Return
Total return, 1 yearnot published+32.9%
Drawdown
Below its all-time high18.5%, high on Aug 25, 202612.2%, high on Jun 2, 2026
Against its benchmark
What it tracksRare earth and critical materialsMiners and metals
Its benchmark, total return, 1 year+15.0%
Against its benchmark, 1 yearahead by 17.9 pts
Cost and size
Expense ratio0.65%0.55%
Net assets, as of Nov 3, 2026$29m$150m
Holdings
Holdings in common17%

Method

What they share

17%

By the books each fund has filed, FMTL and SLX hold 17% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

0 half 100%

half

17% in common

Positions both hold · largest shared weight first FMTL SLX
BHP Group Limited 8.22% 6.84%
Rio Tinto Plc 7.83% 6.36%
Vale S.A. (ADR) 4.10% 5.58%
Only in one fund ↓
Only in FMTL
Grupo Mexico, S.A.B. de C.V. (Class B) 8.26%
Freeport-McMoRan Inc. 7.74%
Anglo American Plc 6.31%
Sumitomo Corporation 4.89%
Newmont Corporation 4.66%
Barrick Mining Corporation 4.64%
Glencore Plc 4.51%
AngloGold Ashanti plc 4.50%
Only in SLX
Nucor Corp 7.73%
Steel Dynamics Inc 5.77%
Reliance Steel & Aluminum Co 5.67%
Arcelormittal Sa 5.27%
Nippon Steel Corp 4.75%
Rio Tinto Ltd 4.33%
Tenaris Sa 4.11%
Posco Holdings Inc 3.99%
Check overlap with more funds →

Window by window

Window by window: FMTL vs SLX: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFMTLSLXFMTLSLX
3 months−8.9%−9.3%not measured−8.0 pts vs ACWI
6 months−12.1%−8.1%not measured−10.7 pts vs ACWI
1 year–+32.9%–+17.9 pts vs ACWI
3 years–+64.3%–−13.3 pts vs ACWI
Since launchNot the same days: FMTL Nov 2025 · SLX Oct 2006+35.8%+326.1%not measurednot measured

– 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 SLX VanEck Steel ETF · Holds 39 stocks in miners and metals, 14% of its weight in S&P 500 companies
Issuer First Trust VanEck
Theme Rare earth and critical materials Miners and metals
In the S&P 500 12.4% 13.5%
Active share vs the S&P 500 99.7% 99.9%
In the Nasdaq-100 0.0% 0.0%
Holdings 46 39
Top ten, share of the fund 61.6% 56.6%
Expense ratio 0.65% 0.55%
Fee for the differing part 0.65% 0.55%
Total return, 1 year +35.8% (since launch, Nov 5, 2025) +32.9%
vs its benchmark not measured +17.9 pts vs ACWI
Below its high −18.5% −12.2%
Net assets, as of Nov 3, 2026 $29m $150m

As of Nov 4, 2026. Source: ETFIQ.

17% of the two portfolios are the same securities at the same weight.

Alert

FMTL and SLX flows, by email on Sundays.

One-click unsubscribe. See Privacy.

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.

SLX

By weight, 14% of SLX'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 57% of the fund across 39 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +32.9% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 17.9 pts. It sits 12.2% below its all-time high of Jun 2, 2026.

Questions people ask

Do FMTL and SLX hold the same stocks?
By their latest filings, 17% 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 SLX?
FMTL has 12% of its weight in S&P 500 names and SLX has 14%, so SLX differs more from the index.
Which is cheaper, FMTL or SLX?
FMTL charges 0.65% a year and SLX charges 0.55%, so SLX is cheaper. Fees come from each fund's prospectus.
Other comparisons
FMTL vs METLFMTL vs NIKLFMTL vs GOAUFMTL vs PICKSLX vs WDIGSLX vs SETMSLX vs REMXSLX 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 →SLX on its own →FMTL dividend history →FMTL holdings →SLX dividend history →SLX 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 ↗
SLX filings on SEC EDGAR ↗
SLX prospectus with the expense ratio (SEC) ↗
VanEck website ↗

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

Open data →

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