Do GBUG and SETM hold the same stocks?

By their latest filings, 3% 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 SETM?

GBUG has 4% of its weight in S&P 500 names and SETM has 9%, so GBUG differs more from the index.

Which is cheaper, GBUG or SETM?

GBUG charges 0.90% a year and SETM charges 0.65%, so SETM is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GBUG vs SETM: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GBUG returned +29.6% to SETM's +3.9%; 3% 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 $421m for Sprott Critical Materials ETF.

GBUG on its own →SETM on its own →

At a glance

3.6%

GBUG in the S&P 500

9.1%

SETM in the S&P 500

+29.6%

GBUG total return, 1 year

+3.9%

SETM total return, 1 year

GBUG · 1 year to Nov 4, 2026 96% of its weight is outside the S&P 500

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

SETM costs 0.25 points a year less; their one-year returns differ by 25.7 points; SETM is 2.7 times larger.

Points (pts) are percentage points.

GBUG vs SETM: Holdings Overlap & Returns
Measure	GBUG	SETM
Return
Measure	GBUG	SETM
Total return, 1 year	+29.6%	+3.9%
Drawdown
Measure	GBUG	SETM
Below its all-time high	25.4%, high on Feb 27, 2026	37.4%, high on Jan 28, 2026
Against its benchmark
Measure	GBUG	SETM
What it tracks	Gold miners	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	GBUG	SETM
Expense ratio	0.90%	0.65%
Net assets	$157m	$421m
Holdings
Measure	GBUG	SETM
Holdings in common	3%

Method

Risk and return

Feb 28, 2025 to Oct 30, 2026 · 87 weekly returns

GBUG SETM

Return

Total return edge GBUG +112.6% +70.9%

Annualized edge GBUG +57.0% +37.7%

Price return edge GBUG +109.3% +68.1%

Risk

Volatility edge SETM 50.9% 42.1%

Max drawdown edge Tie −36.7% −36.8%

Risk-adjusted

Sharpe edge GBUG 1.06 0.88

Sortino edge GBUG 1.71 1.28

Calmar edge GBUG 1.55 1.03

Reading

From Feb 2025 to Oct 2026, GBUG returned more: +112.6% to +70.9%. SETM swung less: 42.1% to 50.9%. GBUG and SETM fell about the same at their worst: −36.7% and −36.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GBUG vs SETM: Holdings Overlap & Returns
Measure	GBUG	SETM	Edge	How it is measured
Return
Total return	+112.6%	+70.9%	GBUG	Price change plus distributions, reinvested.
Annualized	+57.0%	+37.7%	GBUG	Total return as a yearly rate.
Price return	+109.3%	+68.1%	GBUG	Price change alone, distributions left out.
Risk
Volatility	50.9%	42.1%	SETM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	31.5%	29.0%	SETM (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−36.7%	−36.8%	Tie	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.06	0.88	GBUG	Return above Treasury bills per unit of volatility.
Sortino	1.71	1.28	GBUG	Return above Treasury bills per unit of downside deviation.
Calmar	1.55	1.03	GBUG	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, GBUG and SETM hold 3% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first GBUG SETM

Cia de Minas Buenaventura SAA 1.09% 2.78%

Endeavour Silver Corp. 1.36% 0.95%

Americas Gold & Silver Corp. 0.66% 0.51%

AbraSilver Resource Corp. 0.51% 0.47%

Vizsla Silver Corp. 1.36% 0.41%

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 SETM

Freeport-McMoRan Inc. 5.47%

Lynas Rare Earths Ltd. 4.87%

Cameco Corp. 4.81%

NAC Kazatomprom JSC 4.15%

Teck Resources Ltd. 3.95%

Albemarle Corp. 3.61%

Hecla Mining Co. 3.42%

Sociedad Quimica y Minera de Chile SA 3.40%

Check overlap with more funds →

Window by window

Window by window: GBUG vs SETM: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GBUG	SETM	GBUG	SETM
3 months	−2.1%	−21.2%	not measured	−21.1 pts vs VOO
6 months	−5.5%	−35.3%	not measured	−40.3 pts vs VOO
1 year	+29.6%	+3.9%	not measured	−10.9 pts vs VOO
3 years	–	+57.7%	–	−25.6 pts vs VOO
Since launchNot the same days: GBUG Feb 2025 · SETM Feb 2023	+117.5%	+29.5%	not measured	−64.0 pts vs VOO

– means no data for this window. Open this comparison in the app →

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 SETM Sprott Critical Materials ETF · Holds 156 stocks in rare earth and critical materials, 9% of its weight in S&P 500 companies

Issuer Sprott Sprott

Theme Gold miners Rare earth and critical materials

In the S&P 500 3.6% 9.1%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 43 156

Top ten, share of the fund 39.6% 40.1%

Expense ratio 0.90% 0.65%

Fee for the differing part 0.90% 0.65%

Total return, 1 year +29.6% +3.9%

vs its benchmark not measured −10.9 pts vs VOO

Below its high −25.4% −37.4%

Net assets $157m $421m

As of Nov 4, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

Client brief:

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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.

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 GBUG and SETM hold the same stocks?: By their latest filings, 3% 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 SETM?: GBUG has 4% of its weight in S&P 500 names and SETM has 9%, so GBUG differs more from the index.
Which is cheaper, GBUG or SETM?: GBUG charges 0.90% a year and SETM charges 0.65%, so SETM is cheaper. Fees come from each fund's prospectus.

Other comparisons

GBUG vs REMX GBUG vs REXC GBUG vs ISTM GBUG vs WDIG SETM vs GOEX SETM vs GDMN SETM vs SGDJ SETM 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 →SETM on its own →GBUG dividend history →GBUG holdings →SETM dividend history →SETM holdings →Method →Standards and sources →

Sources and dates

GBUG and SETM filings on SEC EDGAR ↗

GBUG and SETM prospectus with the expense ratio (SEC) ↗

Sprott page for GBUG ↗

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

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