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Data as of Nov 4, 2026.

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Thematic ETFs

METL vs RING: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, METL returned +6.9% to RING's +28.4%; 5% of their weight is in the same names.

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Net assets on Nov 4, 2026: $66m for Sprott Active Metals & Miners ETF and $2.3bn for iShares MSCI Global Gold Miners ETF.

METL on its own →RING on its own →
At a glance
14.2%
METL in the S&P 500
17.6%
RING in the S&P 500
+6.9%
METL total return, 1 year
+28.4%
RING total return, 1 year
METL · 1 year to Nov 4, 2026 86% of its weight is outside the S&P 500
86% of its weight is outside the S&P 50014% of METL's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.14%86%in the S&P 500of its weight outside the S&P 500active share 100% · top ten 40% of the fund · 45 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in86% of its weight is outside the S&P 50014% of METL's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.14%86%inof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

14% of METL's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.

RING · 1 year to Nov 4, 2026 82% of its weight is outside the S&P 500
82% of its weight is outside the S&P 50018% of RING's weight is in S&P 500 companies and 82% is outside the index. Holdings as of Nov 3, 2026.18%82%in the S&P 500of its weight outside the S&P 500active share 100% · top ten 68% of the fund · 41 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 0% in82% of its weight is outside the S&P 50018% of RING's weight is in S&P 500 companies and 82% is outside the index. Holdings as of Nov 3, 2026.18%82%inof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

18% of RING's weight is in S&P 500 companies and 82% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

RING costs 0.60 points a year less; their one-year returns differ by 21.5 points; RING is far larger, $2.3bn against $66m.

Points (pts) are percentage points.

METL vs RING: Holdings Overlap & Returns
MeasureMETLRING
Return
Total return, 1 year+6.9%+28.4%
Drawdown
Below its all-time high33.0%, high on Jan 28, 202625.1%, high on Feb 27, 2026
Against its benchmark
What it tracksMiners and metalsGold miners
Against the S&P 500, 1 yearbehind by 7.9 pts
Its benchmark, total return, 1 year+14.8%+15.0%
Against its benchmark, 1 yearbehind by 7.9 ptsahead by 13.4 pts
Cost and size
Expense ratio0.99%0.39%
Net assets$66m$2.3bn
Holdings
Holdings in common5%

Method

What they share

5%

By the books each fund has filed, METL and RING hold 5% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

5% in common

Positions both hold · largest shared weight first METL RING
Wheaton Precious Metals Corp. 2.19% 7.33%
Pan American Silver Corp. 2.09% 3.02%
Coeur Mining Inc. 1.01% 2.84%
Only in one fund ↓
Only in METL
Nucor Corp. 5.14%
Major Drilling Group International Inc. 4.50%
Steel Dynamics Inc. 4.29%
Reliance Inc. 4.17%
Hudbay Minerals Inc. 4.01%
NexGen Energy Ltd. 3.75%
Endeavour Silver Corp. 3.74%
Cameco Corp. 3.37%
Only in RING
NEWMONT 17.65%
AGNICO EAGLE MINES 12.79%
BARRICK MINING 8.72%
GOLD FIELDS 4.51%
ANGLOGOLD ASHANTI PLC 4.40%
KINROSS GOLD 3.74%
EQUINOX GOLD 2.47%
ALAMOS GOLD CLASS A 2.36%
Check overlap with more funds →

Window by window

Window by window: METL vs RING: Holdings Overlap & Returns
Total returnvs its benchmark
WindowMETLRINGMETLRING
3 months−16.2%+2.4%−16.1 pts vs VOO+3.7 pts vs ACWI
6 months−26.0%−7.2%−31.0 pts vs VOO−9.8 pts vs ACWI
1 year+6.9%+28.4%−7.9 pts vs VOO+13.4 pts vs ACWI
3 years–+233.8%–+156.2 pts vs ACWI
Since launchNot the same days: METL Sep 2025 · RING Feb 2012+12.3%+74.0%−6.9 pts vs VOO−293.7 pts vs ACWI

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Side by side

METL Sprott Active Metals & Miners ETF · Holds 45 stocks in miners and metals, 14% of its weight in S&P 500 companies RING iShares MSCI Global Gold Miners ETF · Holds 41 stocks in gold miners, 18% of its weight in S&P 500 companies
Issuer Sprott iShares
Theme Miners and metals Gold miners
In the S&P 500 14.2% 17.6%
Active share vs the S&P 500 99.7% 99.8%
In the Nasdaq-100 0.0% 0.0%
Holdings 45 41
Top ten, share of the fund 39.6% 67.5%
Expense ratio 0.99% 0.39%
Fee for the differing part 0.99% 0.39%
Total return, 1 year +6.9% +28.4%
vs its benchmark −7.9 pts vs VOO +13.4 pts vs ACWI
Below its high −33.0% −25.1%
Net assets $66m $2.3bn

As of Nov 4, 2026. Source: ETFIQ.

5% of the two portfolios are the same securities at the same weight.

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About each fund
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.

RING

By weight, 18% of RING'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 68% of the fund across 41 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +28.4% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 13.4 pts. It sits 25.1% below its all-time high of Feb 27, 2026.

Questions people ask

Do METL and RING hold the same stocks?
By their latest filings, 5% 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, METL or RING?
METL has 14% of its weight in S&P 500 names and RING has 18%, so RING differs more from the index.
Which is cheaper, METL or RING?
METL charges 0.99% a year and RING charges 0.39%, so RING is cheaper. Fees come from each fund's prospectus.
Other comparisons
METL vs AUAUMETL vs SGDMMETL vs SGDJMETL vs GBUGRING vs XMERING vs NIKLRING vs SLXRING vs PICK
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →METL on its own →RING on its own →METL dividend history →METL holdings →RING dividend history →RING holdings →Method →Standards and sources →
Sources and dates
METL filings on SEC EDGAR ↗
METL prospectus with the expense ratio (SEC) ↗
Sprott page for METL ↗
RING filings on SEC EDGAR ↗
RING prospectus with the expense ratio (SEC) ↗
iShares page for RING ↗

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, METL against RING, data as of Nov 4, 2026. https://etfiq.com/compare/themes/metl-vs-ring

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