Data as of Nov 4, 2026.
ISTM vs METL: Holdings Overlap & Returns
Over the year to Nov 4, 2026, ISTM returned +18.3% to METL's +6.9%; 0% of their weight is in the same names.
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Net assets on Nov 4, 2026: $28m for iShares Strategic Metals ETF and $66m for Sprott Active Metals & Miners ETF.
1% of ISTM's weight is in S&P 500 companies and 99% is outside the index. Holdings as of Nov 3, 2026.
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
ISTM costs 0.52 points a year less; their one-year returns differ by 11.4 points; METL is 2.4 times larger.
Points (pts) are percentage points.
| Measure | ISTM | METL |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.3% | +6.9% |
| Drawdown | ||
| Below its all-time high | 22.6%, high on Jan 29, 2026 | 33.0%, high on Jan 28, 2026 |
| Against its benchmark | ||
| What it tracks | Rare earth and critical materials | Miners and metals |
| Against the S&P 500, 1 year | behind by 7.9 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 7.9 pts | |
| Cost and size | ||
| Expense ratio | 0.47% | 0.99% |
| Net assets | $28m | $66m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, ISTM and METL hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ISTM | METL | ISTM | METL |
| 3 months | −8.4% | −16.2% | not measured | −16.1 pts vs VOO |
| 6 months | −12.6% | −26.0% | not measured | −31.0 pts vs VOO |
| 1 year | +18.3% | +6.9% | not measured | −7.9 pts vs VOO |
| 3 years | +68.3% | – | not measured | – |
| Since launchNot the same days: ISTM Sep 2023 · METL Sep 2025 | +66.9% | +12.3% | not measured | −6.9 pts vs VOO |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
ISTM
By weight, 1% of ISTM'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 11% of the fund across 86 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +18.3% with distributions reinvested. It sits 22.6% below its all-time high of Jan 29, 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 ISTM and METL 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.
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, ISTM against METL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/istm-vs-metl
ETFIQ. (Nov 4, 2026). ISTM against METL. Retrieved from https://etfiq.com/compare/themes/istm-vs-metl
[ISTM against METL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/istm-vs-metl)
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