Data as of .
METL vs SIL: which is really different?
METL and SIL hold 13% of their weight in the same names, and SIL returned more over the year.
ETFIQ Off-Index Score: SIL 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
13% 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 SIL hold 13% of their money in the same securities at the same weight.
| Holding | METL | SIL |
|---|---|---|
| Cia de Minas Buenaventura SAA | 3.63% | 3.67% |
| Pan American Silver Corp. | 3.07% | 11.27% |
| Wheaton Precious Metals Corp. | 2.30% | 24.02% |
| Endeavour Silver Corp. | 4.06% | 1.75% |
| Coeur Mining Inc. | 1.14% | 10.87% |
| Vizsla Silver Corp. | 3.38% | 0.78% |
| GoGold Resources Inc. | 2.12% | 0.74% |
| Only in METL | Only in SIL |
|---|---|
| Hudbay Minerals Inc. 4.30% | HECLA MINING CO 4.81% |
| Nucor Corp. 4.28% | FIRST MAJESTIC SILVER CORP 4.65% |
| Major Drilling Group International Inc. 4.03% | INDUSTRIAS PENOLES SAB DE CV 4.58% |
| NexGen Energy Ltd. 3.66% | SSR MINING INC 4.23% |
| Cameco Corp. 3.59% | FRESNILLO PLC 4.06% |
| Steel Dynamics Inc. 3.50% | OR ROYALTIES INC 3.98% |
| ATALAYA MINING COPPER SA 3.47% | DISCOVERY MINING LTD 3.26% |
| Reliance Inc. 3.25% | AYA GOLD & SILVER INC 2.28% |
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 | SIL | METL | SIL | METL | SIL | |
| 3 months | −4.2% | +13.9% | −6.5 pts | +11.6 pts | −1.8 pts | +16.3 pts |
| 6 months | +10.9% | +20.4% | −7.1 pts | +2.4 pts | −13.3 pts | −3.9 pts |
| 1 year | +32.8% | +50.3% | +16.2 pts | +33.7 pts | +11.0 pts | +28.5 pts |
| 3 years | not published | +286.4% | not published | +208.0 pts | not published | +188.3 pts |
| Since launch | +35.0% | +156.7% | +16.6 pts | −586.9 pts | +10.2 pts | −1411.9 pts |
| METL Sprott Active Metals & Miners ETF Holds 45 stocks in miners and metals, 12% of its weight in S&P 500 companies | SIL Global X Silver Miners ETF Holds 43 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 | 12.5% | 0.0% |
| Active share vs the S&P 500 | 99.7% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 45 | 43 |
| Top ten, share of the fund | 37.9% | 76.1% |
| Expense ratio | 0.99% | 0.65% |
| Fee for the differing part | 0.99% | 0.65% |
| Total return, 1 year | +32.8% | +50.3% |
| vs the S&P 500 | +16.2 pts | +33.7 pts |
| vs the Nasdaq-100 | +11.0 pts | +28.5 pts |
| Below its high | −19.4% | −19.2% |
| Net assets | $85m | $5.0bn |
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.
SIL in plain words
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 43 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +50.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.7 pts. It sits 19.2% below its all-time high of Feb 27, 2026.
Questions people ask
- Do METL and SIL hold the same stocks?
- By their latest filings, 13% of their books are the same securities at the same weight, which is mostly different names. 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 12% 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
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 SIL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/metl-vs-sil Free to use with attribution; the underlying files are at Open data.