Data as of .
METL vs PICK: which is really different?
METL and PICK hold 18% of their weight in the same names, and PICK returned more over the year.
ETFIQ Off-Index Score: METL 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
18% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, METL and PICK hold 18% of their money in the same securities at the same weight.
| Holding | METL | PICK |
|---|---|---|
| Nucor Corp. | 4.28% | 3.36% |
| Freeport-McMoRan Inc. | 2.80% | 6.26% |
| Steel Dynamics Inc. | 3.50% | 1.96% |
| Valterra Platinum Ltd. | 1.34% | 1.40% |
| Reliance Inc. | 3.25% | 1.21% |
| Lundin Mining Corp. | 2.96% | 1.00% |
| Antofagasta PLC | 0.95% | 1.03% |
| Hudbay Minerals Inc. | 4.30% | 0.69% |
| PLS Group Ltd. | 1.09% | 0.57% |
| Lynas Rare Earths Ltd. | 2.99% | 0.56% |
| Capstone Copper Corp. | 1.16% | 0.54% |
| Ivanhoe Mines Ltd. | 3.15% | 0.41% |
| Only in METL | Only in PICK |
|---|---|
| Endeavour Silver Corp. 4.06% | BHP GROUP LTD 13.44% |
| NexGen Energy Ltd. 3.66% | RIO TINTO PLC 6.27% |
| Cameco Corp. 3.59% | GLENCORE PLC 4.26% |
| Vizsla Silver Corp. 3.38% | ANGLO AMERICAN PLC 3.41% |
| Denison Mines Corp. 3.19% | CIA VALE DO RIO DOCE SH 3.17% |
| Pan American Silver Corp. 3.07% | RIO TINTO LTD 2.69% |
| Paladin Energy Ltd. 3.00% | GRUPO MEXICO B 2.19% |
| Lithium Argentina AG 2.99% | ARCELORMITTAL SA 1.88% |
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 | |||
|---|---|---|---|---|---|---|
| METL | PICK | METL | PICK | METL | PICK | |
| 3 months | −4.2% | −1.8% | −6.5 pts | −4.0 pts | −1.8 pts | +0.7 pts |
| 6 months | +10.9% | +20.2% | −7.1 pts | +2.2 pts | −13.3 pts | −4.0 pts |
| 1 year | +32.8% | +49.6% | +16.2 pts | +33.1 pts | +11.0 pts | +27.9 pts |
| 3 years | not published | +67.1% | not published | −11.3 pts | not published | −31.1 pts |
| Since launch | +35.0% | +114.0% | +16.6 pts | −527.4 pts | +10.2 pts | −1122.5 pts |
| METL Sprott Active Metals & Miners ETF Holds 45 stocks in miners and metals, 12% of its weight in S&P 500 companies | PICK iShares MSCI Global Metals & Mining Producers ETF Holds 279 stocks in miners and metals, 12% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sprott | iShares |
| Theme | Miners and metals | Miners and metals |
| In the S&P 500 | 12.5% | 11.8% |
| Active share vs the S&P 500 | 99.7% | 99.7% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 45 | 279 |
| Top ten, share of the fund | 37.9% | 47.2% |
| Expense ratio | 0.99% | 0.39% |
| Fee for the differing part | 0.99% | 0.39% |
| Total return, 1 year | +32.8% | +49.6% |
| vs the S&P 500 | +16.2 pts | +33.1 pts |
| vs the Nasdaq-100 | +11.0 pts | +27.9 pts |
| Below its high | −19.4% | −9.6% |
| Net assets | $85m | $2.5bn |
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.
PICK in plain words
By weight, 12% of PICK'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 47% of the fund across 279 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +49.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.1 pts. It sits 9.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Do METL and PICK hold the same stocks?
- By their latest filings, 18% 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, METL or PICK?
- METL has 12% of its weight in S&P 500 names and PICK has 12%, so METL differs more from the index.
- Which is cheaper, METL or PICK?
- METL charges 0.99% a year and PICK charges 0.39%, so PICK 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, METL against PICK, data as of Sep 18, 2026. https://etfiq.com/compare/themes/metl-vs-pick Free to use with attribution; the underlying files are at Open data.