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Data as of Nov 4, 2026.

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Thematic ETFs

GBUG vs METL: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GBUG returned +29.6% to METL's +6.9%; 10% of their weight is in the same names.

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Net assets on Nov 4, 2026: $157m for Sprott Active Gold & Silver Miners ETF and $66m for Sprott Active Metals & Miners ETF.

GBUG on its own →METL on its own →
At a glance
3.6%
GBUG in the S&P 500
14.2%
METL in the S&P 500
+29.6%
GBUG total return, 1 year
+6.9%
METL total return, 1 year
GBUG · 1 year to Nov 4, 2026 96% of its weight is outside the S&P 500
96% of its weight is outside the S&P 5004% of GBUG's weight is in S&P 500 companies and 96% is outside the index. Holdings as of Nov 4, 2026.4%96%inof its weight outside the S&P 500active share 100% · top ten 40% of the fund · 43 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in96% of its weight is outside the S&P 5004% of GBUG's weight is in S&P 500 companies and 96% is outside the index. Holdings as of Nov 4, 2026.4%96%4% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

4% of GBUG's weight is in S&P 500 companies and 96% is outside the index. Holdings as of Nov 4, 2026.

METL · 1 year to Nov 4, 2026 86% of its weight is outside the S&P 500
86% of its weight is outside the S&P 50014% of METL's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.14%86%in the S&P 500of its weight outside the S&P 500active share 100% · top ten 40% of the fund · 45 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in86% of its weight is outside the S&P 50014% of METL's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.14%86%inof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

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

GBUG costs 0.09 points a year less; their one-year returns differ by 22.7 points; GBUG is 2.4 times larger.

Points (pts) are percentage points.

GBUG vs METL: Holdings Overlap & Returns
MeasureGBUGMETL
Return
Total return, 1 year+29.6%+6.9%
Drawdown
Below its all-time high25.4%, high on Feb 27, 202633.0%, high on Jan 28, 2026
Against its benchmark
What it tracksGold minersMiners and metals
Against the S&P 500, 1 yearbehind by 7.9 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 7.9 pts
Cost and size
Expense ratio0.90%0.99%
Net assets$157m$66m
Holdings
Holdings in common10%

Method

What they share

10%

By the books each fund has filed, GBUG and METL hold 10% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

10% in common

Positions both hold · largest shared weight first GBUG METL
Wheaton Precious Metals Corp. 3.22% 2.19%
Endeavour Silver Corp. 1.36% 3.74%
Vizsla Silver Corp. 1.36% 3.28%
Valterra Platinum Ltd. 1.66% 1.32%
Cia de Minas Buenaventura SAA 1.09% 3.13%
Coeur Mining Inc. 3.16% 1.01%
Americas Gold & Silver Corp. 0.66% 0.76%
Pan American Silver Corp. 0.64% 2.09%
Only in one fund ↓
Only in GBUG
DPM Metals Inc. 5.11%
Discovery Mining Ltd. 4.80%
G Mining Ventures Corp. 4.74%
IAMGOLD Corp. 3.99%
Northern Star Resources Ltd. 3.84%
Newmont Corp. 3.56%
Montage Gold Corp. 3.53%
Eldorado Gold Corp. 3.47%
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%
Cameco Corp. 3.37%
Lundin Mining Corp. 3.37%
Check overlap with more funds →

Window by window

Window by window: GBUG vs METL: Holdings Overlap & Returns
Total returnvs its benchmark
WindowGBUGMETLGBUGMETL
3 months−2.1%−16.2%not measured−16.1 pts vs VOO
6 months−5.5%−26.0%not measured−31.0 pts vs VOO
1 year+29.6%+6.9%not measured−7.9 pts vs VOO
Since launchNot the same days: GBUG Feb 2025 · METL Sep 2025+117.5%+12.3%not measured−6.9 pts vs VOO

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Side by side

GBUG Sprott Active Gold & Silver Miners ETF · Holds 43 stocks in gold miners, 4% 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 Sprott Sprott
Theme Gold miners Miners and metals
In the S&P 500 3.6% 14.2%
Active share vs the S&P 500 99.8% 99.7%
In the Nasdaq-100 0.0% 0.0%
Holdings 43 45
Top ten, share of the fund 39.6% 39.6%
Expense ratio 0.90% 0.99%
Fee for the differing part 0.90% 0.99%
Total return, 1 year +29.6% +6.9%
vs its benchmark not measured −7.9 pts vs VOO
Below its high −25.4% −33.0%
Net assets $157m $66m

As of Nov 4, 2026. Source: ETFIQ.

10% of the two portfolios are the same securities at the same weight.

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About each fund
GBUG

By weight, 4% of GBUG'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 43 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +29.6% with distributions reinvested. It sits 25.4% below its all-time high of Feb 27, 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 GBUG and METL hold the same stocks?
By their latest filings, 10% 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, GBUG or METL?
GBUG has 4% of its weight in S&P 500 names and METL has 14%, so GBUG differs more from the index.
Which is cheaper, GBUG or METL?
GBUG charges 0.90% a year and METL charges 0.99%, so GBUG is cheaper. Fees come from each fund's prospectus.
Other comparisons
GBUG vs GOAUGBUG vs PICKGBUG vs XMEGBUG vs NIKLMETL vs GOEXMETL vs GDMNMETL vs SGDJMETL vs SGDM
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GBUG on its own →METL on its own →GBUG dividend history →GBUG holdings →METL dividend history →METL holdings →Method →Standards and sources →
Sources and dates
GBUG and METL filings on SEC EDGAR ↗
GBUG and METL prospectus with the expense ratio (SEC) ↗
Sprott page for GBUG ↗
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, GBUG against METL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gbug-vs-metl

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