Data as of .
METL vs SETM: which is really different?
METL and SETM hold 41% of their weight in the same names, and SETM returned more over the year.
ETFIQ Off-Index Score: SETM 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
41% 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 SETM hold 41% of their money in the same securities at the same weight.
| Holding | METL | SETM |
|---|---|---|
| Cameco Corp. | 3.59% | 4.91% |
| Lynas Rare Earths Ltd. | 2.99% | 4.73% |
| Uranium Energy Corp. | 2.83% | 3.27% |
| Freeport-McMoRan Inc. | 2.80% | 5.00% |
| Paladin Energy Ltd. | 3.00% | 2.80% |
| Sociedad Quimica y Minera de Chile SA | 2.65% | 3.19% |
| Cia de Minas Buenaventura SAA | 3.63% | 2.65% |
| NexGen Energy Ltd. | 3.66% | 2.58% |
| Denison Mines Corp. | 3.19% | 2.26% |
| Lundin Mining Corp. | 2.96% | 1.98% |
| Albemarle Corp. | 1.93% | 3.37% |
| MP Materials Corp. | 1.81% | 3.01% |
| Only in METL | Only in SETM |
|---|---|
| Nucor Corp. 4.28% | NAC Kazatomprom JSC 3.57% |
| Major Drilling Group International Inc. 4.03% | Hecla Mining Co. 3.46% |
| Steel Dynamics Inc. 3.50% | First Majestic Silver Corp. 3.42% |
| Reliance Inc. 3.25% | Teck Resources Ltd. 3.20% |
| Pan American Silver Corp. 3.07% | Aya Gold & Silver Inc. 2.50% |
| Wheaton Precious Metals Corp. 2.30% | First Quantum Minerals Ltd. 2.45% |
| Champion Iron Ltd. 1.74% | Southern Copper Corp. 2.17% |
| Valterra Platinum Ltd. 1.34% | IGO Ltd. 1.87% |
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 | SETM | METL | SETM | METL | SETM | |
| 3 months | −4.2% | −9.0% | −6.5 pts | −11.3 pts | −1.8 pts | −6.5 pts |
| 6 months | +10.9% | +5.4% | −7.1 pts | −12.6 pts | −13.3 pts | −18.8 pts |
| 1 year | +32.8% | +37.9% | +16.2 pts | +21.4 pts | +11.0 pts | +16.2 pts |
| 3 years | not published | +82.1% | not published | +3.7 pts | not published | −16.1 pts |
| Since launch | +35.0% | +61.6% | +16.6 pts | −30.1 pts | +10.2 pts | −74.6 pts |
| METL Sprott Active Metals & Miners ETF Holds 45 stocks in miners and metals, 12% of its weight in S&P 500 companies | SETM Sprott Critical Materials ETF Holds 156 stocks in rare earth and critical materials, 8% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sprott | Sprott |
| Theme | Miners and metals | Rare earth and critical materials |
| In the S&P 500 | 12.5% | 8.4% |
| Active share vs the S&P 500 | 99.7% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 45 | 156 |
| Top ten, share of the fund | 37.9% | 39.0% |
| Expense ratio | 0.99% | 0.65% |
| Fee for the differing part | 0.99% | 0.65% |
| Total return, 1 year | +32.8% | +37.9% |
| vs the S&P 500 | +16.2 pts | +21.4 pts |
| vs the Nasdaq-100 | +11.0 pts | +16.2 pts |
| Below its high | −19.4% | −21.8% |
| Net assets | $85m | $568m |
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.
SETM in plain words
By weight, 8% 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 39% of the fund across 156 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +37.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 21.4 pts. It sits 21.8% below its all-time high of Jan 28, 2026.
Questions people ask
- Do METL and SETM hold the same stocks?
- By their latest filings, 41% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, METL or SETM?
- METL has 12% of its weight in S&P 500 names and SETM has 8%, so SETM differs more from the index.
- Which is cheaper, METL or SETM?
- METL charges 0.99% a year and SETM charges 0.65%, so SETM 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 SETM, data as of Sep 18, 2026. https://etfiq.com/compare/themes/metl-vs-setm Free to use with attribution; the underlying files are at Open data.