Data as of .
METL vs SLVP: which is really different?
METL and SLVP hold 13% of their weight in the same names, and SLVP returned more over the year.
ETFIQ Off-Index Score: SLVP 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 SLVP hold 13% of their money in the same securities at the same weight.
| Holding | METL | SLVP |
|---|---|---|
| Endeavour Silver Corp. | 4.06% | 4.09% |
| Wheaton Precious Metals Corp. | 2.30% | 4.57% |
| GoGold Resources Inc. | 2.12% | 1.88% |
| Pan American Silver Corp. | 3.07% | 1.59% |
| Vizsla Silver Corp. | 3.38% | 1.55% |
| Coeur Mining Inc. | 1.14% | 1.80% |
| Sovereign Metals Ltd. | 0.60% | 3.59% |
| Only in METL | Only in SLVP |
|---|---|
| Hudbay Minerals Inc. 4.30% | HECLA MINING 14.50% |
| Nucor Corp. 4.28% | INDUST PENOLES 11.00% |
| Major Drilling Group International Inc. 4.03% | FIRST MAJESTIC SILVER 10.86% |
| NexGen Energy Ltd. 3.66% | FRESNILLO PLC 8.20% |
| Cia de Minas Buenaventura SAA 3.63% | AYA GOLD & SILVER INC 4.88% |
| Cameco Corp. 3.59% | DISCOVERY MINING LTD 4.59% |
| Steel Dynamics Inc. 3.50% | NEWMONT 4.56% |
| ATALAYA MINING COPPER SA 3.47% | AGNICO EAGLE MINES 4.43% |
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 | SLVP | METL | SLVP | METL | SLVP | |
| 3 months | −4.2% | +16.9% | −6.5 pts | +14.6 pts | −1.8 pts | +19.4 pts |
| 6 months | +10.9% | +22.9% | −7.1 pts | +4.9 pts | −13.3 pts | −1.4 pts |
| 1 year | +32.8% | +62.7% | +16.2 pts | +46.1 pts | +11.0 pts | +40.9 pts |
| 3 years | not published | +329.2% | not published | +250.8 pts | not published | +231.1 pts |
| Since launch | +35.0% | +86.9% | +16.6 pts | −554.5 pts | +10.2 pts | −1149.6 pts |
| METL Sprott Active Metals & Miners ETF Holds 45 stocks in miners and metals, 12% of its weight in S&P 500 companies | SLVP iShares MSCI Global Silver and Metals Miners ETF Holds 50 stocks in silver miners, 5% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sprott | iShares |
| Theme | Miners and metals | Silver miners |
| In the S&P 500 | 12.5% | 4.6% |
| Active share vs the S&P 500 | 99.7% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 45 | 50 |
| Top ten, share of the fund | 37.9% | 71.6% |
| Expense ratio | 0.99% | 0.39% |
| Fee for the differing part | 0.99% | 0.39% |
| Total return, 1 year | +32.8% | +62.7% |
| vs the S&P 500 | +16.2 pts | +46.1 pts |
| vs the Nasdaq-100 | +11.0 pts | +40.9 pts |
| Below its high | −19.4% | −18.4% |
| Net assets | $85m | $986m |
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.
SLVP in plain words
By weight, 5% of SLVP'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 72% of the fund across 50 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +62.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 46.1 pts. It sits 18.4% below its all-time high of Feb 27, 2026.
Questions people ask
- Do METL and SLVP 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 SLVP?
- METL has 12% of its weight in S&P 500 names and SLVP has 5%, so SLVP differs more from the index.
- Which is cheaper, METL or SLVP?
- METL charges 0.99% a year and SLVP charges 0.39%, so SLVP 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 SLVP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/metl-vs-slvp Free to use with attribution; the underlying files are at Open data.