Data as of Nov 4, 2026.
ISTM vs SETM: Holdings Overlap & Returns
Over the year to Nov 4, 2026, ISTM returned +18.3% to SETM's +3.9%; 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 $421m for Sprott Critical Materials ETF.
1% of ISTM's weight is in S&P 500 companies and 99% is outside the index. Holdings as of Nov 3, 2026.
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
ISTM costs 0.18 points a year less; their one-year returns differ by 14.4 points; SETM is 15.0 times larger.
Points (pts) are percentage points.
| Measure | ISTM | SETM |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.3% | +3.9% |
| Drawdown | ||
| Below its all-time high | 22.6%, high on Jan 29, 2026 | 37.4%, high on Jan 28, 2026 |
| Against its benchmark | ||
| What it tracks | Rare earth and critical materials | 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 | ||
| Expense ratio | 0.47% | 0.65% |
| Net assets | $28m | $421m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Oct 6, 2023 to Oct 30, 2026 · 160 weekly returnsFrom Oct 2023 to Oct 2026, ISTM returned more: +68.7% to +51.3%. ISTM swung less: 22.3% to 37.1%. ISTM fell less at its worst: −18.9% to −39.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ISTM | SETM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.7% | +51.3% | ISTM | Price change plus distributions, reinvested. |
| Annualized | +18.5% | +14.4% | ISTM | Total return as a yearly rate. |
| Price return | +11.7% | +42.5% | SETM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.3% | 37.1% | ISTM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.5% | 25.9% | ISTM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.9% | −39.0% | ISTM | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.67 | 0.43 | ISTM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.97 | 0.61 | ISTM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.98 | 0.37 | ISTM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 160 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ISTM and SETM 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 | SETM | ISTM | SETM |
| 3 months | −8.4% | −21.2% | not measured | −21.1 pts vs VOO |
| 6 months | −12.6% | −35.3% | not measured | −40.3 pts vs VOO |
| 1 year | +18.3% | +3.9% | not measured | −10.9 pts vs VOO |
| 3 years | +68.3% | +57.7% | not measured | −25.6 pts vs VOO |
| Since launchNot the same days: ISTM Sep 2023 · SETM Feb 2023 | +66.9% | +29.5% | not measured | −64.0 pts vs VOO |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
Client brief:
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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.
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 ISTM and SETM 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.
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ETFIQ, ISTM against SETM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/istm-vs-setm
ETFIQ. (Nov 4, 2026). ISTM against SETM. Retrieved from https://etfiq.com/compare/themes/istm-vs-setm
[ISTM against SETM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/istm-vs-setm)
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