Data as of .
GBUG vs METL: which is really different?
GBUG and METL hold 10% of their weight in the same names, and GBUG returned more over the year.
ETFIQ Off-Index Score: GBUG 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
10% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, GBUG and METL hold 10% of their money in the same securities at the same weight.
| Holding | GBUG | METL |
|---|---|---|
| Wheaton Precious Metals Corp. | 3.31% | 2.30% |
| Endeavour Silver Corp. | 1.58% | 4.06% |
| Vizsla Silver Corp. | 1.50% | 3.38% |
| Valterra Platinum Ltd. | 1.80% | 1.34% |
| Cia de Minas Buenaventura SAA | 1.16% | 3.63% |
| Coeur Mining Inc. | 3.82% | 1.14% |
| Pan American Silver Corp. | 0.69% | 3.07% |
| Americas Gold & Silver Corp. | 0.53% | 1.05% |
| Only in GBUG | Only in METL |
|---|---|
| DPM Metals Inc. 5.29% | Hudbay Minerals Inc. 4.30% |
| G Mining Ventures Corp. 4.94% | Nucor Corp. 4.28% |
| Discovery Mining Ltd. 4.55% | Major Drilling Group International Inc. 4.03% |
| IAMGOLD Corp. 4.15% | NexGen Energy Ltd. 3.66% |
| Eldorado Gold Corp. 4.00% | Cameco Corp. 3.59% |
| Montage Gold Corp. 4.00% | Steel Dynamics Inc. 3.50% |
| Wesdome Gold Mines Ltd. 3.81% | ATALAYA MINING COPPER SA 3.47% |
| Newmont Corp. 3.32% | Reliance Inc. 3.25% |
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 | |||
|---|---|---|---|---|---|---|
| GBUG | METL | GBUG | METL | GBUG | METL | |
| 3 months | +19.9% | −4.2% | +17.6 pts | −6.5 pts | +22.4 pts | −1.8 pts |
| 6 months | +26.4% | +10.9% | +8.4 pts | −7.1 pts | +2.2 pts | −13.3 pts |
| 1 year | +50.5% | +32.8% | +33.9 pts | +16.2 pts | +28.7 pts | +11.0 pts |
| Since launch | +150.3% | +35.0% | +123.0 pts | +16.6 pts | +115.0 pts | +10.2 pts |
| GBUG Sprott Active Gold & Silver Miners ETF Holds 44 stocks in gold miners, 3% of its weight in S&P 500 companies | METL Sprott Active Metals & Miners ETF Holds 45 stocks in miners and metals, 12% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sprott | Sprott |
| Theme | Gold miners | Miners and metals |
| In the S&P 500 | 3.3% | 12.5% |
| Active share vs the S&P 500 | 99.8% | 99.7% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 44 | 45 |
| Top ten, share of the fund | 41.2% | 37.9% |
| Expense ratio | 0.90% | 0.99% |
| Fee for the differing part | 0.90% | 0.99% |
| Total return, 1 year | +50.5% | +32.8% |
| vs the S&P 500 | +33.9 pts | +16.2 pts |
| vs the Nasdaq-100 | +28.7 pts | +11.0 pts |
| Below its high | −14.2% | −19.4% |
| Net assets | $192m | $85m |
GBUG in plain words
By weight, 3% 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 41% of the fund across 44 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +50.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.9 pts. It sits 14.2% below its all-time high of Feb 27, 2026.
METL in plain words
By weight, 12% 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 38% of the fund across 45 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +32.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 16.2 pts. It sits 19.4% 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, which is mostly different names. 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 3% of its weight in S&P 500 names and METL has 12%, 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
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, GBUG against METL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gbug-vs-metl Free to use with attribution; the underlying files are at Open data.