Data as of Nov 4, 2026.
PICK vs SETM: Holdings Overlap & Returns
Over the year to Nov 4, 2026, PICK returned +28.0% to SETM's +3.9%; 16% of their weight is in the same names.
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Net assets: $2.1bn on Nov 3, 2026 for iShares MSCI Global Metals & Mining Producers ETF, and $421m on Nov 4, 2026 for Sprott Critical Materials ETF.
13% of PICK's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 3, 2026.
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
PICK costs 0.26 points a year less; their one-year returns differ by 24.1 points; PICK is 5.2 times larger.
Points (pts) are percentage points.
| Measure | PICK | SETM |
|---|---|---|
| Return | ||
| Total return, 1 year | +28.0% | +3.9% |
| Drawdown | ||
| Below its all-time high | 18.4%, high on Jun 2, 2026 | 37.4%, high on Jan 28, 2026 |
| Against its benchmark | ||
| What it tracks | Miners and metals | Rare earth and critical materials |
| Against the S&P 500, 1 year | behind by 10.9 pts | |
| Its benchmark, total return, 1 year | +15.0% | +14.8% |
| Against its benchmark, 1 year | ahead by 13.0 pts | behind by 10.9 pts |
| Cost and size | ||
| Expense ratio | 0.39% | 0.65% |
| Net assets | $2.2bn | $421m |
| Holdings | ||
| Holdings in common | 16% | |
Risk and return
Feb 10, 2023 to Oct 30, 2026 · 194 weekly returnsEach against its own benchmark: PICK against ACWI, Feb 10, 2012 to Oct 30, 2026; SETM against VOO, Feb 10, 2023 to Oct 30, 2026.
From Feb 2023 to Oct 2026, PICK returned more: +40.2% to +34.3%. PICK swung less: 26.0% to 36.2%. PICK fell less at its worst: −30.0% to −39.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | PICK | SETM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +40.2% | +34.3% | PICK | Price change plus distributions, reinvested. |
| Annualized | +9.5% | +8.2% | PICK | Total return as a yearly rate. |
| Price return | +24.9% | +26.5% | SETM (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 26.0% | 36.2% | PICK | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 18.4% | 25.6% | PICK | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.0% | −39.0% | PICK | Deepest fall from a high to the low after it. |
| Upside capture | 145.4% | 116.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 127.6% | 129.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.36 | 1.48 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.53 | 0.32 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.30 | 0.27 | PICK (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.43 | 0.39 | PICK (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.050 | 0.067 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.32 | 0.21 | PICK | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | ACWI | VOO | The ETF each fund is measured against. | |
| Alpha | −6.4% a year | −11.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.26 | −0.71 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −16.5% to +3.6% | −42.0% to +19.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.14 | −0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 20.3% | 30.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 194 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, PICK and SETM hold 16% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
16% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | PICK | SETM | PICK | SETM |
| 3 months | −11.8% | −21.2% | −10.5 pts vs ACWI | −21.1 pts vs VOO |
| 6 months | −12.8% | −35.3% | −15.4 pts vs ACWI | −40.3 pts vs VOO |
| 1 year | +28.0% | +3.9% | +13.0 pts vs ACWI | −10.9 pts vs VOO |
| 3 years | +57.0% | +57.7% | −20.6 pts vs ACWI | −25.6 pts vs VOO |
| Since launchNot the same days: PICK Feb 2012 · SETM Feb 2023 | +93.0% | +29.5% | −274.7 pts vs ACWI | −64.0 pts vs VOO |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
16% of the two portfolios are the same securities at the same weight.
Client brief:
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PICK
By weight, 13% of PICK'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 49% of the fund across 259 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +28.0% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 13.0 pts. It sits 18.4% below its all-time high of Jun 2, 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 PICK and SETM hold the same stocks?
- By their latest filings, 16% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, PICK against SETM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/pick-vs-setm
ETFIQ. (Nov 4, 2026). PICK against SETM. Retrieved from https://etfiq.com/compare/themes/pick-vs-setm
[PICK against SETM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/pick-vs-setm)
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