Do NIKL and SETM hold the same stocks?

By their latest filings, 5% 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, NIKL or SETM?

NIKL has 0% of its weight in S&P 500 names and SETM has 9%, 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.

Data as of Nov 4, 2026.

Thematic ETFs

NIKL vs SETM: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, NIKL returned −19.4% to SETM's +3.9%; 5% of their weight is in the same names.

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Net assets on Nov 4, 2026: $38m for Sprott Nickel Miners ETF and $421m for Sprott Critical Materials ETF.

NIKL on its own →SETM on its own →

At a glance

0.0%

NIKL in the S&P 500

9.1%

SETM in the S&P 500

−19.4%

NIKL total return, 1 year

+3.9%

SETM total return, 1 year

NIKL · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of NIKL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.

SETM · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500

9% of SETM's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

SETM costs 0.10 points a year less; their one-year returns differ by 23.3 points; SETM is 11.1 times larger.

Points (pts) are percentage points.

NIKL vs SETM: Holdings Overlap & Returns
Measure	NIKL	SETM
Return
Measure	NIKL	SETM
Total return, 1 year	−19.4%	+3.9%
Drawdown
Measure	NIKL	SETM
Below its all-time high	48.9%, high on Jan 26, 2026	37.4%, high on Jan 28, 2026
Against its benchmark
Measure	NIKL	SETM
What it tracks	Miners and metals	Rare earth and critical materials
Against the S&P 500, 1 year	behind by 34.2 pts	behind by 10.9 pts
Its benchmark, total return, 1 year	+14.8%	+14.8%
Against its benchmark, 1 year	behind by 34.2 pts	behind by 10.9 pts
Cost and size
Measure	NIKL	SETM
Expense ratio	0.75%	0.65%
Net assets	$38m	$421m
Holdings
Measure	NIKL	SETM
Holdings in common	5%

Method

What they share

By the books each fund has filed, NIKL and SETM hold 5% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first NIKL SETM

IGO Ltd. 7.96% 1.62%

Sunrise Energy Metals Ltd. 3.42% 0.49%

ANTAM Persero Tbk PT 15.77% 0.46%

Talon Metals Corp. 7.09% 0.46%

Nickel Industries Ltd. 12.04% 0.35%

Vale Indonesia Tbk PT 4.08% 0.28%

Merdeka Battery Materials Tbk PT 8.64% 0.25%

Nickel Asia Corp. 4.46% 0.15%

Trimegah Bangun Persada Tbk PT 4.97% 0.13%

Xinjiang Xinxin Mining Industry Co. Ltd. 3.48% 0.11%

Magna Mining Inc. 4.08% 0.08%

Lifezone Metals Ltd. 3.81% 0.07%

Only in one fund ↓

Only in NIKL

Centaurus Metals Ltd. 2.01%

Central Omega Resources Tbk PT 1.61%

Sherritt International Corp. 1.52%

Global Ferronickel Holdings Inc. 1.51%

Homeland Nickel Inc. 1.34%

First Atlantic Nickel & Cobalt Corp. 1.26%

Chalice Mining Ltd. 1.01%

FPX Nickel Corp. 0.97%

Only in SETM

Freeport-McMoRan Inc. 5.47%

Lynas Rare Earths Ltd. 4.87%

Cameco Corp. 4.81%

NAC Kazatomprom JSC 4.15%

Teck Resources Ltd. 3.95%

Albemarle Corp. 3.61%

Hecla Mining Co. 3.42%

Sociedad Quimica y Minera de Chile SA 3.40%

Check overlap with more funds →

Window by window

Window by window: NIKL vs SETM: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	NIKL	SETM	NIKL	SETM
3 months	−25.3%	−21.2%	−25.2 pts vs VOO	−21.1 pts vs VOO
6 months	−40.1%	−35.3%	−45.1 pts vs VOO	−40.3 pts vs VOO
1 year	−19.4%	+3.9%	−34.2 pts vs VOO	−10.9 pts vs VOO
3 years	−27.4%	+57.7%	−110.7 pts vs VOO	−25.6 pts vs VOO
Since launchNot the same days: NIKL Mar 2023 · SETM Feb 2023	−35.6%	+29.5%	−140.4 pts vs VOO	−64.0 pts vs VOO

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Side by side

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, 9% 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% 9.1%

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 72.9% 40.1%

Expense ratio 0.75% 0.65%

Fee for the differing part 0.75% 0.65%

Total return, 1 year −19.4% +3.9%

vs its benchmark −34.2 pts vs VOO −10.9 pts vs VOO

Below its high −48.9% −37.4%

Net assets $38m $421m

As of Nov 4, 2026. Source: ETFIQ.

5% of the two portfolios are the same securities at the same weight.

Alert

About each fund

NIKL

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 73% of the fund across 26 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −19.4% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 34.2 pts. It sits 48.9% below its all-time high of Jan 26, 2026.

SETM

By weight, 9% 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 40% of the fund across 156 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +3.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 10.9 pts. It sits 37.4% 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. 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 9%, 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

NIKL vs REMX NIKL vs REXC NIKL vs WDIG NIKL vs EART SETM vs SLX SETM vs PICK SETM vs XME SETM vs GOAU

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →NIKL on its own →SETM on its own →NIKL dividend history →NIKL holdings →SETM dividend history →SETM holdings →Method →Standards and sources →

Sources and dates

NIKL and SETM filings on SEC EDGAR ↗

NIKL and SETM prospectus with the expense ratio (SEC) ↗

Sprott page for NIKL ↗

Sprott page for SETM ↗

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, NIKL against SETM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/nikl-vs-setm

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