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Data as of Nov 4, 2026.

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Thematic ETFs

METL vs SIL: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, METL returned +6.9% to SIL's +27.1%; 12% of their weight is in the same names.

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Net assets: $66m on Nov 4, 2026 for Sprott Active Metals & Miners ETF, and $4.4bn on Oct 12, 2026 for Global X Silver Miners ETF.

METL on its own →SIL on its own →
At a glance
14.2%
METL in the S&P 500
0.0%
SIL in the S&P 500
+6.9%
METL total return, 1 year
+27.1%
SIL 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.

SIL · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of SIL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 76% of the fund · 39 holdings as filed for Jul 31, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of SIL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

0% of SIL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

SIL costs 0.34 points a year less; their one-year returns differ by 20.2 points; SIL is far larger, $4.4bn against $78m.

Points (pts) are percentage points.

METL vs SIL: Holdings Overlap & Returns
MeasureMETLSIL
Return
Total return, 1 year+6.9%+27.1%
Drawdown
Below its all-time high33.0%, high on Jan 28, 202633.7%, high on Feb 27, 2026
Against its benchmark
What it tracksMiners and metalsSilver 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 12.1 pts
Cost and size
Expense ratio0.99%0.65%
Net assets, as of Oct 12, 2026$78m$4.4bn
Holdings
Holdings in common12%

Method

What they share

12%

By the books each fund has filed, METL and SIL hold 12% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

0 half 100%

half

12% in common

Positions both hold · largest shared weight first METL SIL
Cia de Minas Buenaventura SAA 3.13% 4.18%
Wheaton Precious Metals Corp. 2.19% 22.38%
Pan American Silver Corp. 2.09% 12.54%
Endeavour Silver Corp. 3.74% 1.66%
Coeur Mining Inc. 1.01% 10.59%
Vizsla Silver Corp. 3.28% 0.77%
GoGold Resources Inc. 2.05% 0.63%
Unico Silver Ltd. 0.44% 0.18%
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%
Cameco Corp. 3.37%
Lundin Mining Corp. 3.37%
Only in SIL
INDUSTRIAS PENOLES, S.A.B. DE C.V. 5.21%
HECLA MINING COMPANY 4.63%
FIRST MAJESTIC SILVER CORP. 4.47%
FRESNILLO PLC 4.30%
OR Royalties Inc. 4.16%
SSR MINING INC. 3.85%
DISCOVERY MINING LTD. 3.00%
KOREA ZINC INC 2.43%
Check overlap with more funds →

Window by window

Window by window: METL vs SIL: Holdings Overlap & Returns
Total returnvs its benchmark
WindowMETLSILMETLSIL
3 months−16.2%−6.8%−16.1 pts vs VOO−5.5 pts vs ACWI
6 months−26.0%−17.4%−31.0 pts vs VOO−20.0 pts vs ACWI
1 year+6.9%+27.1%−7.9 pts vs VOO+12.1 pts vs ACWI
3 years–+223.9%–+146.3 pts vs ACWI
Since launchNot the same days: METL Sep 2025 · SIL Apr 2010+12.3%+110.6%−6.9 pts vs VOO−282.3 pts vs ACWI

– 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 SIL Global X Silver Miners ETF · Holds 39 stocks in silver miners, 0% of its weight in S&P 500 companies
Issuer Sprott Global X
Theme Miners and metals Silver miners
In the S&P 500 14.2% 0.0%
Active share vs the S&P 500 99.7% 100.0%
In the Nasdaq-100 0.0% 0.0%
Holdings 45 39
Top ten, share of the fund 39.6% 76.3%
Expense ratio 0.99% 0.65%
Fee for the differing part 0.99% 0.65%
Total return, 1 year +6.9% +27.1%
vs its benchmark −7.9 pts vs VOO +12.1 pts vs ACWI
Below its high −33.0% −33.7%
Net assets, METL as of Nov 4, 2026 and SIL as of Oct 12, 2026 $66m $4.4bn

As of Nov 4, 2026. Source: ETFIQ.

12% 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.

SIL

By weight, 0% of SIL'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 76% of the fund across 39 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 12.1 pts. It sits 33.7% below its all-time high of Feb 27, 2026.

Questions people ask

Do METL and SIL hold the same stocks?
By their latest filings, 12% 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 SIL?
METL has 14% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.
Which is cheaper, METL or SIL?
METL charges 0.99% a year and SIL charges 0.65%, so SIL is cheaper. Fees come from each fund's prospectus.
Other comparisons
METL vs SILJMETL vs SLVPMETL vs AGMIMETL vs PICKSIL vs NIKLSIL vs SLXSIL vs PICKSIL vs GOAU
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →METL on its own →SIL on its own →METL dividend history →METL holdings →SIL dividend history →SIL holdings →Method →Standards and sources →
Sources and dates
METL filings on SEC EDGAR ↗
METL prospectus with the expense ratio (SEC) ↗
Sprott page for METL ↗
SIL filings on SEC EDGAR ↗
SIL prospectus with the expense ratio (SEC) ↗
Global X page for SIL ↗

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

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