Data as of .
METL vs WDIG: which is really different?
METL and WDIG hold 22% of their weight in the same names.
ETFIQ Off-Index Score: WDIG 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
22% 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 WDIG hold 22% of their money in the same securities at the same weight.
| Holding | METL | WDIG |
|---|---|---|
| Lynas Rare Earths Ltd. | 2.99% | 3.77% |
| Freeport-McMoRan Inc. | 2.80% | 2.14% |
| MP Materials Corp. | 1.81% | 2.92% |
| Wheaton Precious Metals Corp. | 2.30% | 1.65% |
| Albemarle Corp. | 1.93% | 1.64% |
| Sociedad Quimica y Minera de Chile SA | 2.65% | 1.23% |
| Lundin Mining Corp. | 2.96% | 1.13% |
| PLS Group Ltd. | 1.09% | 1.51% |
| Valterra Platinum Ltd. | 1.34% | 0.97% |
| Coeur Mining Inc. | 1.14% | 0.96% |
| Antofagasta PLC | 0.95% | 1.55% |
| Hudbay Minerals Inc. | 4.30% | 0.78% |
| Only in METL | Only in WDIG |
|---|---|
| Nucor Corp. 4.28% | ATI INC 3.98% |
| Major Drilling Group International Inc. 4.03% | MATERION CORP 3.29% |
| NexGen Energy Ltd. 3.66% | ILUKA RESOURCES LTD 2.92% |
| Cameco Corp. 3.59% | ENERGY FUELS INC 2.87% |
| Steel Dynamics Inc. 3.50% | SOUTHERN COPPER CORP 2.67% |
| ATALAYA MINING COPPER SA 3.47% | 5N PLUS INC 2.65% |
| Vizsla Silver Corp. 3.38% | GRUPO MEXICO SAB DE CV 2.06% |
| Reliance Inc. 3.25% | ALMONTY INDUSTRIES INC 1.88% |
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 May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| METL | WDIG | METL | WDIG | METL | WDIG | |
| 3 months | −4.2% | −9.8% | −6.5 pts | −12.0 pts | −1.8 pts | −7.3 pts |
| 6 months | +10.9% | not published | −7.1 pts | not published | −13.3 pts | not published |
| 1 year | +32.8% | not published | +16.2 pts | not published | +11.0 pts | not published |
| Since launch | +35.0% | −17.2% | +16.6 pts | −21.8 pts | +10.2 pts | −21.1 pts |
| METL Sprott Active Metals & Miners ETF Holds 45 stocks in miners and metals, 12% of its weight in S&P 500 companies | WDIG WisdomTree Efficient Rare Earth Plus Strategic Metals Fund Holds 101 stocks in rare earth and critical materials, 4% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sprott | WisdomTree |
| Theme | Miners and metals | Rare earth and critical materials |
| In the S&P 500 | 12.5% | 3.8% |
| Active share vs the S&P 500 | 99.7% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 45 | 101 |
| Top ten, share of the fund | 37.9% | 29.4% |
| Expense ratio | 0.99% | 0.55% |
| Fee for the differing part | 0.99% | 0.55% |
| Total return, 1 year | +32.8% | −17.2% (since launch on May 7, 2026) |
| vs the S&P 500 | +16.2 pts | −21.8 pts |
| vs the Nasdaq-100 | +11.0 pts | −21.1 pts |
| Below its high | −19.4% | −22.6% |
| Net assets | $85m | $5m |
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.
WDIG in plain words
By weight, 4% of WDIG'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 29% of the fund across 101 positions, as filed for May 31, 2026. Since it launched on May 7, 2026 the fund returned −17.2% with distributions reinvested against +4.6% for the S&P 500, so a holder was behind by 21.8 pts. It sits 22.6% below its all-time high of May 13, 2026.
Questions people ask
- Do METL and WDIG hold the same stocks?
- By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, METL or WDIG?
- METL has 12% of its weight in S&P 500 names and WDIG has 4%, so WDIG differs more from the index.
- Which is cheaper, METL or WDIG?
- METL charges 0.99% a year and WDIG charges 0.55%, so WDIG 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 WDIG, data as of Sep 18, 2026. https://etfiq.com/compare/themes/metl-vs-wdig Free to use with attribution; the underlying files are at Open data.