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Data as of Nov 4, 2026.

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Thematic ETFs

GBUG vs NIKL: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GBUG returned +29.6% to NIKL's −19.4%; 0% 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 $38m for Sprott Nickel Miners ETF.

GBUG on its own →NIKL on its own →
At a glance
3.6%
GBUG in the S&P 500
0.0%
NIKL in the S&P 500
+29.6%
GBUG total return, 1 year
−19.4%
NIKL 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.

NIKL · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of NIKL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 73% of the fund · 26 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of NIKL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

0% of NIKL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

NIKL costs 0.15 points a year less; their one-year returns differ by 49.0 points; GBUG is 4.1 times larger.

Points (pts) are percentage points.

GBUG vs NIKL: Holdings Overlap & Returns
MeasureGBUGNIKL
Return
Total return, 1 year+29.6%−19.4%
Drawdown
Below its all-time high25.4%, high on Feb 27, 202648.9%, high on Jan 26, 2026
Against its benchmark
What it tracksGold minersMiners and metals
Against the S&P 500, 1 yearbehind by 34.2 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 34.2 pts
Cost and size
Expense ratio0.90%0.75%
Net assets$157m$38m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, GBUG and NIKL hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GBUG NIKL
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 NIKL
ANTAM Persero Tbk PT 15.77%
Nickel Industries Ltd. 12.04%
Merdeka Battery Materials Tbk PT 8.64%
IGO Ltd. 7.96%
Talon Metals Corp. 7.09%
Trimegah Bangun Persada Tbk PT 4.97%
Nickel Asia Corp. 4.46%
Magna Mining Inc. 4.08%
Check overlap with more funds →

Window by window

Window by window: GBUG vs NIKL: Holdings Overlap & Returns
Total returnvs its benchmark
WindowGBUGNIKLGBUGNIKL
3 months−2.1%−25.3%not measured−25.2 pts vs VOO
6 months−5.5%−40.1%not measured−45.1 pts vs VOO
1 year+29.6%−19.4%not measured−34.2 pts vs VOO
3 years–−27.4%–−110.7 pts vs VOO
Since launchNot the same days: GBUG Feb 2025 · NIKL Mar 2023+117.5%−35.6%not measured−140.4 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 NIKL Sprott Nickel Miners ETF · Holds 26 stocks in miners and metals, 0% of its weight in S&P 500 companies
Issuer Sprott Sprott
Theme Gold miners Miners and metals
In the S&P 500 3.6% 0.0%
Active share vs the S&P 500 99.8% 100.0%
In the Nasdaq-100 0.0% 0.0%
Holdings 43 26
Top ten, share of the fund 39.6% 72.9%
Expense ratio 0.90% 0.75%
Fee for the differing part 0.90% 0.75%
Total return, 1 year +29.6% −19.4%
vs its benchmark not measured −34.2 pts vs VOO
Below its high −25.4% −48.9%
Net assets $157m $38m

As of Nov 4, 2026. Source: ETFIQ.

0% 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.

NIKL

By weight, 0% of NIKL'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 73% of the fund across 26 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −19.4% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 34.2 pts. It sits 48.9% below its all-time high of Jan 26, 2026.

Questions people ask

Do GBUG and NIKL hold the same stocks?
By their latest filings, 0% 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 NIKL?
GBUG has 4% of its weight in S&P 500 names and NIKL has 0%, so NIKL differs more from the index.
Which is cheaper, GBUG or NIKL?
GBUG charges 0.90% a year and NIKL charges 0.75%, so NIKL is cheaper. Fees come from each fund's prospectus.
Other comparisons
GBUG vs METLGBUG vs GOAUGBUG vs SLXGBUG vs PICKNIKL vs GOEXNIKL vs GDMNNIKL vs SGDJNIKL 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 →NIKL on its own →GBUG dividend history →GBUG holdings →NIKL dividend history →NIKL holdings →Method →Standards and sources →
Sources and dates
GBUG and NIKL filings on SEC EDGAR ↗
GBUG and NIKL prospectus with the expense ratio (SEC) ↗
Sprott page for GBUG ↗
Sprott page for NIKL ↗

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 NIKL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gbug-vs-nikl

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