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Data as of Nov 4, 2026.

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Thematic ETFs

METL vs SETM: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, METL returned +6.9% to SETM's +3.9%; 39% 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 $421m for Sprott Critical Materials ETF.

METL on its own →SETM on its own →
At a glance
14.2%
METL in the S&P 500
9.1%
SETM in the S&P 500
+6.9%
METL total return, 1 year
+3.9%
SETM 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.

SETM · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500
91% of its weight is outside the S&P 5009% of SETM's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.9%91%inof its weight outside the S&P 500active share 100% · top ten 40% of the fund · 156 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in91% of its weight is outside the S&P 5009% of SETM's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.9%91%9% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

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

SETM costs 0.34 points a year less; their one-year returns differ by 3.0 points; SETM is 6.4 times larger.

Points (pts) are percentage points.

METL vs SETM: Holdings Overlap & Returns
MeasureMETLSETM
Return
Total return, 1 year+6.9%+3.9%
Drawdown
Below its all-time high33.0%, high on Jan 28, 202637.4%, high on Jan 28, 2026
Against its benchmark
What it tracksMiners and metalsRare earth and critical materials
Against the S&P 500, 1 yearbehind by 7.9 ptsbehind by 10.9 pts
Its benchmark, total return, 1 year+14.8%+14.8%
Against its benchmark, 1 yearbehind by 7.9 ptsbehind by 10.9 pts
Cost and size
Expense ratio0.99%0.65%
Net assets$66m$421m
Holdings
Holdings in common39%

Method

What they share

39%

By the books each fund has filed, METL and SETM hold 39% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

39% in common

Positions both hold · largest shared weight first METL SETM
Cameco Corp. 3.37% 4.81%
Lynas Rare Earths Ltd. 2.95% 4.87%
Freeport-McMoRan Inc. 2.83% 5.47%
Cia de Minas Buenaventura SAA 3.13% 2.78%
NexGen Energy Ltd. 3.75% 2.77%
Sociedad Quimica y Minera de Chile SA 2.71% 3.40%
Paladin Energy Ltd. 2.86% 2.51%
Uranium Energy Corp. 2.50% 3.01%
Lundin Mining Corp. 3.37% 2.34%
Denison Mines Corp. 3.04% 2.08%
Albemarle Corp. 1.98% 3.61%
MP Materials Corp. 1.65% 2.86%
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%
Wheaton Precious Metals Corp. 2.19%
Pan American Silver Corp. 2.09%
Valterra Platinum Ltd. 1.32%
Champion Iron Ltd. 1.11%
Only in SETM
NAC Kazatomprom JSC 4.15%
Teck Resources Ltd. 3.95%
Hecla Mining Co. 3.42%
First Majestic Silver Corp. 3.33%
Aya Gold & Silver Inc. 2.79%
Antofagasta PLC 2.68%
Southern Copper Corp. 2.48%
First Quantum Minerals Ltd. 2.34%
Check overlap with more funds →

Window by window

Window by window: METL vs SETM: Holdings Overlap & Returns
Total returnvs its benchmark
WindowMETLSETMMETLSETM
3 months−16.2%−21.2%−16.1 pts vs VOO−21.1 pts vs VOO
6 months−26.0%−35.3%−31.0 pts vs VOO−40.3 pts vs VOO
1 year+6.9%+3.9%−7.9 pts vs VOO−10.9 pts vs VOO
3 years–+57.7%–−25.6 pts vs VOO
Since launchNot the same days: METL Sep 2025 · SETM Feb 2023+12.3%+29.5%−6.9 pts vs VOO−64.0 pts vs VOO

– means no data for this window. Open this comparison in the app →

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 SETM Sprott Critical Materials ETF · Holds 156 stocks in rare earth and critical materials, 9% 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 14.2% 9.1%
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 39.6% 40.1%
Expense ratio 0.99% 0.65%
Fee for the differing part 0.99% 0.65%
Total return, 1 year +6.9% +3.9%
vs its benchmark −7.9 pts vs VOO −10.9 pts vs VOO
Below its high −33.0% −37.4%
Net assets $66m $421m

As of Nov 4, 2026. Source: ETFIQ.

39% 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.

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 METL and SETM hold the same stocks?
By their latest filings, 39% 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 SETM?
METL has 14% of its weight in S&P 500 names and SETM has 9%, 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
METL vs REMXMETL vs REXCMETL vs WDIGMETL vs EARTSETM vs NIKLSETM vs SLXSETM vs PICKSETM vs XME
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →METL on its own →SETM on its own →METL dividend history →METL holdings →SETM dividend history →SETM holdings →Method →Standards and sources →
Sources and dates
METL and SETM filings on SEC EDGAR ↗
METL and SETM prospectus with the expense ratio (SEC) ↗
Sprott page for METL ↗
Sprott page for SETM ↗

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

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