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Data as of Nov 4, 2026.

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Thematic ETFs

METL vs SGDM: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, METL returned +6.9% to SGDM's +27.9%; 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 $617m for Sprott Gold Miners ETF.

METL on its own →SGDM on its own →
At a glance
14.2%
METL in the S&P 500
8.0%
SGDM in the S&P 500
+6.9%
METL total return, 1 year
+27.9%
SGDM 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.

SGDM · 1 year to Nov 4, 2026 92% of its weight is outside the S&P 500
92% of its weight is outside the S&P 5008% of SGDM's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 4, 2026.8%92%inof its weight outside the S&P 500active share 100% · top ten 56% of the fund · 48 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in92% of its weight is outside the S&P 5008% of SGDM's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 4, 2026.8%92%8% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

8% of SGDM's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

SGDM costs 0.53 points a year less; their one-year returns differ by 21.0 points; SGDM is 9.3 times larger.

Points (pts) are percentage points.

METL vs SGDM: Holdings Overlap & Returns
MeasureMETLSGDM
Return
Total return, 1 year+6.9%+27.9%
Drawdown
Below its all-time high33.0%, high on Jan 28, 202625.6%, high on Mar 2, 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%
Against its benchmark, 1 yearbehind by 7.9 pts
Cost and size
Expense ratio0.99%0.46%
Net assets$66m$617m
Holdings
Holdings in common5%

Method

What they share

5%

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

0 half 100%

half

5% in common

Positions both hold · largest shared weight first METL SGDM
Wheaton Precious Metals Corp. 2.19% 7.10%
Pan American Silver Corp. 2.09% 3.45%
Coeur Mining Inc. 1.01% 2.97%
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 SGDM
Agnico Eagle Mines Ltd. 10.02%
Newmont Corp. 8.00%
Barrick Mining Corp. 7.73%
Franco-Nevada Corp. 6.17%
Kinross Gold Corp. 3.85%
Lundin Gold Inc. 3.58%
Endeavour Mining PLC 3.11%
Harmony Gold Mining Co. Ltd. 2.98%
Check overlap with more funds →

Window by window

Window by window: METL vs SGDM: Holdings Overlap & Returns
Total returnvs its benchmark
WindowMETLSGDMMETLSGDM
3 months−16.2%+2.7%−16.1 pts vs VOOnot measured
6 months−26.0%−5.9%−31.0 pts vs VOOnot measured
1 year+6.9%+27.9%−7.9 pts vs VOOnot measured
3 years–+198.6%–not measured
Since launchNot the same days: METL Sep 2025 · SGDM Jul 2014+12.3%+219.4%−6.9 pts vs VOOnot measured

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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 SGDM Sprott Gold Miners ETF · Holds 48 stocks in gold miners, 8% of its weight in S&P 500 companies
Issuer Sprott Sprott
Theme Miners and metals Gold miners
In the S&P 500 14.2% 8.0%
Active share vs the S&P 500 99.7% 99.8%
In the Nasdaq-100 0.0% 0.0%
Holdings 45 48
Top ten, share of the fund 39.6% 56.0%
Expense ratio 0.99% 0.46%
Fee for the differing part 0.99% 0.46%
Total return, 1 year +6.9% +27.9%
vs its benchmark −7.9 pts vs VOO not measured
Below its high −33.0% −25.6%
Net assets $66m $617m

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.

SGDM

By weight, 8% of SGDM'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 56% of the fund across 48 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +27.9% with distributions reinvested. It sits 25.6% below its all-time high of Mar 2, 2026.

Questions people ask

Do METL and SGDM 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 SGDM?
METL has 14% of its weight in S&P 500 names and SGDM has 8%, so SGDM differs more from the index.
Which is cheaper, METL or SGDM?
METL charges 0.99% a year and SGDM charges 0.46%, so SGDM is cheaper. Fees come from each fund's prospectus.
Other comparisons
METL vs RINGMETL vs SGDJMETL vs GBUGMETL vs AUMISGDM vs SLXSGDM vs XMESGDM vs NIKLSGDM 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 →SGDM on its own →METL dividend history →METL holdings →SGDM dividend history →SGDM holdings →Method →Standards and sources →
Sources and dates
METL and SGDM filings on SEC EDGAR ↗
METL and SGDM prospectus with the expense ratio (SEC) ↗
Sprott page for METL ↗
Sprott page for SGDM ↗

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 SGDM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/metl-vs-sgdm

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