Data as of .
NIKL vs SETM: which is really different?
NIKL and SETM hold 5% of their weight in the same names, and SETM returned more over the year.
ETFIQ Off-Index Score: NIKL 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
5% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, NIKL and SETM hold 5% of their money in the same securities at the same weight.
| Holding | NIKL | SETM |
|---|---|---|
| IGO Ltd. | 8.25% | 1.87% |
| Sunrise Energy Metals Ltd. | 4.24% | 0.67% |
| ANTAM Persero Tbk PT | 14.86% | 0.48% |
| Talon Metals Corp. | 6.48% | 0.47% |
| Nickel Industries Ltd. | 11.93% | 0.38% |
| Merdeka Battery Materials Tbk PT | 11.52% | 0.37% |
| Vale Indonesia Tbk PT | 4.75% | 0.37% |
| Nickel Asia Corp. | 3.74% | 0.14% |
| Trimegah Bangun Persada Tbk PT | 4.62% | 0.14% |
| Xinjiang Xinxin Mining Industry Co. Ltd. | 2.99% | 0.10% |
| Magna Mining Inc. | 3.98% | 0.08% |
| Canada Nickel Co. Inc. | 3.25% | 0.07% |
| Only in NIKL | Only in SETM |
|---|---|
| Centaurus Metals Ltd. 2.11% | Freeport-McMoRan Inc. 5.00% |
| Global Ferronickel Holdings Inc. 1.58% | Cameco Corp. 4.91% |
| Sherritt International Corp. 1.55% | Lynas Rare Earths Ltd. 4.73% |
| First Atlantic Nickel & Cobalt Corp. 1.21% | PLS Group Ltd. 4.05% |
| Central Omega Resources Tbk PT 1.14% | NAC Kazatomprom JSC 3.57% |
| Homeland Nickel Inc. 1.11% | Hecla Mining Co. 3.46% |
| Chalice Mining Ltd. 0.88% | First Majestic Silver Corp. 3.42% |
| Ardea Resources Ltd. 0.86% | Albemarle Corp. 3.37% |
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 | |||
|---|---|---|---|---|---|---|
| NIKL | SETM | NIKL | SETM | NIKL | SETM | |
| 3 months | +0.7% | −9.0% | −1.6 pts | −11.3 pts | +3.1 pts | −6.5 pts |
| 6 months | −1.4% | +5.4% | −19.4 pts | −12.6 pts | −25.6 pts | −18.8 pts |
| 1 year | +10.8% | +37.9% | −5.8 pts | +21.4 pts | −11.0 pts | +16.2 pts |
| 3 years | −7.1% | +82.1% | −85.5 pts | +3.7 pts | −105.3 pts | −16.1 pts |
| Since launch | −12.2% | +61.6% | −115.1 pts | −30.1 pts | −152.3 pts | −74.6 pts |
| NIKL Sprott Nickel Miners ETF Holds 26 stocks in miners and metals, 0% of its weight in S&P 500 companies | SETM Sprott Critical Materials ETF Holds 156 stocks in rare earth and critical materials, 8% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sprott | Sprott |
| Theme | Miners and metals | Rare earth and critical materials |
| In the S&P 500 | 0.0% | 8.4% |
| Active share vs the S&P 500 | 100.0% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 26 | 156 |
| Top ten, share of the fund | 74.4% | 39.0% |
| Expense ratio | 0.75% | 0.65% |
| Fee for the differing part | 0.75% | 0.65% |
| Total return, 1 year | +10.8% | +37.9% |
| vs the S&P 500 | −5.8 pts | +21.4 pts |
| vs the Nasdaq-100 | −11.0 pts | +16.2 pts |
| Below its high | −30.3% | −21.8% |
| Net assets | $57m | $568m |
NIKL in plain words
By weight, 0% of NIKL'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 74% of the fund across 26 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +10.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 5.8 pts. It sits 30.3% below its all-time high of Jan 26, 2026.
SETM in plain words
By weight, 8% of SETM'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 39% of the fund across 156 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +37.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 21.4 pts. It sits 21.8% below its all-time high of Jan 28, 2026.
Questions people ask
- Do NIKL and SETM hold the same stocks?
- By their latest filings, 5% 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, NIKL or SETM?
- NIKL has 0% of its weight in S&P 500 names and SETM has 8%, so NIKL differs more from the index.
- Which is cheaper, NIKL or SETM?
- NIKL charges 0.75% a year and SETM charges 0.65%, so SETM 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, NIKL against SETM, data as of Sep 18, 2026. https://etfiq.com/compare/themes/nikl-vs-setm Free to use with attribution; the underlying files are at Open data.