Do REMX and SETM hold the same stocks?

By their latest filings, 18% 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, REMX or SETM?

REMX has 9% of its weight in S&P 500 names and SETM has 9%, so REMX differs more from the index.

Which is cheaper, REMX or SETM?

REMX charges 0.53% a year and SETM charges 0.65%, so REMX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

REMX vs SETM: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, REMX returned −17.8% to SETM's +3.9%; 18% of their weight is in the same names.

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Net assets: $1.4bn on Nov 3, 2026 for VanEck Rare Earth and Strategic Metals ETF, and $421m on Nov 4, 2026 for Sprott Critical Materials ETF.

REMX on its own →SETM on its own →

At a glance

8.7%

REMX in the S&P 500

9.1%

SETM in the S&P 500

−17.8%

REMX total return, 1 year

+3.9%

SETM total return, 1 year

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

9% of REMX's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 2, 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

REMX costs 0.12 points a year less; their one-year returns differ by 21.7 points; REMX is 3.4 times larger.

Points (pts) are percentage points.

REMX vs SETM: Holdings Overlap & Returns
Measure	REMX	SETM
Return
Measure	REMX	SETM
Total return, 1 year	−17.8%	+3.9%
Drawdown
Measure	REMX	SETM
Below its all-time high	76.3%, high on Apr 11, 2011	37.4%, high on Jan 28, 2026
Against its benchmark
Measure	REMX	SETM
What it tracks	Rare earth and critical materials	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	behind by 32.8 pts	behind by 10.9 pts
Cost and size
Measure	REMX	SETM
Expense ratio	0.53%	0.65%
Net assets, as of Nov 3, 2026	$1.4bn	$410m
Holdings
Measure	REMX	SETM
Holdings in common	18%

Method

Risk and return

Feb 10, 2023 to Oct 30, 2026 · 194 weekly returns

REMX SETM

Return

Total return edge SETM −41.3% +34.3%

Annualized edge SETM −13.3% +8.2%

Price return edge SETM −43.7% +26.5%

Risk

Volatility edge SETM (slight) 39.8% 36.2%

Max drawdown edge SETM −60.0% −39.0%

Downside capture 133.2% 129.3%

Beta 1.43 1.48

Risk-adjusted

Sharpe edge SETM −0.28 0.27

Sortino edge SETM −0.39 0.39

Treynor −0.019 0.067

Calmar edge SETM −0.22 0.21

Against the benchmark

Alpha −15.9% a year −11.2% a year

Alpha t-stat −2.35 −0.71

Information ratio −0.43 −0.14

Tracking error 27.8% 30.6%

Each against its own benchmark: REMX against ACWI, Nov 5, 2010 to Oct 30, 2026; SETM against VOO, Feb 10, 2023 to Oct 30, 2026.

Reading

From Feb 2023 to Oct 2026, SETM returned more: +34.3% to −41.3%. SETM swung slightly less: 36.2% to 39.8%. SETM fell less at its worst: −39.0% to −60.0%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: REMX vs SETM: Holdings Overlap & Returns
Measure	REMX	SETM	Edge	How it is measured
Return
Total return	−41.3%	+34.3%	SETM	Price change plus distributions, reinvested.
Annualized	−13.3%	+8.2%	SETM	Total return as a yearly rate.
Price return	−43.7%	+26.5%	SETM	Price change alone, distributions left out.
Risk
Volatility	39.8%	36.2%	SETM (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	28.2%	25.6%	SETM (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−60.0%	−39.0%	SETM	Deepest fall from a high to the low after it.
Upside capture	129.3%	116.9%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	133.2%	129.3%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.43	1.48	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.42	0.32	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	−0.28	0.27	SETM	Return above Treasury bills per unit of volatility.
Sortino	−0.39	0.39	SETM	Return above Treasury bills per unit of downside deviation.
Treynor	−0.019	0.067		Return above Treasury bills per unit of beta.
Calmar	−0.22	0.21	SETM	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	VOO		The ETF each fund is measured against.
Alpha	−15.9% a year	−11.2% a year	SETM not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−2.35	−0.71	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−29.1% to −2.6%	−42.0% to +19.7%	SETM includes zero	The 95% range for the yearly alpha.
Information ratio	−0.43	−0.14		Return against its benchmark per unit of tracking error.
Tracking error	27.8%	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

18%

By the books each fund has filed, REMX and SETM hold 18% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

18% in common

Positions both hold · largest shared weight first REMX SETM

Lynas Rare Earths Ltd 6.74% 4.87%

Albemarle Corp 8.70% 3.61%

Sociedad Quimica Y Minera De Chile Sa 8.64% 3.40%

Mp Materials Corp 6.88% 2.86%

Iluka Resources Ltd 4.48% 0.70%

Ganfeng Lithium Group Co Ltd 3.28% 0.69%

Elevra Lithium Ltd 0.99% 0.32%

Lithium Americas Corp 1.72% 0.29%

Sigma Lithium Corp 0.97% 0.28%

Lithium Argentina Ag 1.66% 0.26%

Eramet Sa 1.35% 0.25%

Core Lithium Ltd 1.25% 0.16%

Only in one fund ↓

Only in REMX

China Northern Rare Earth Group High-Te 7.69%

Pilbara Minerals Ltd 5.36%

Jinduicheng Molybdenum Co Ltd 5.14%

Xiamen Tungsten Co Ltd 4.61%

Lianyou Metals Co Ltd 3.69%

Almonty Industries Inc 3.60%

Shenghe Resources Holding Co Ltd 3.54%

Liontown Resources Ltd 2.79%

Only in SETM

Freeport-McMoRan Inc. 5.47%

Cameco Corp. 4.81%

NAC Kazatomprom JSC 4.15%

Teck Resources Ltd. 3.95%

Hecla Mining Co. 3.42%

First Majestic Silver Corp. 3.33%

PLS Group Ltd. 3.12%

Uranium Energy Corp. 3.01%

Check overlap with more funds →

Window by window

Window by window: REMX vs SETM: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	REMX	SETM	REMX	SETM
3 months	−28.6%	−21.2%	−27.3 pts vs ACWI	−21.1 pts vs VOO
6 months	−52.6%	−35.3%	−55.2 pts vs ACWI	−40.3 pts vs VOO
1 year	−17.8%	+3.9%	−32.8 pts vs ACWI	−10.9 pts vs VOO
3 years	−9.2%	+57.7%	−86.8 pts vs ACWI	−25.6 pts vs VOO
Since launchNot the same days: REMX Oct 2010 · SETM Feb 2023	−65.3%	+29.5%	−453.0 pts vs ACWI	−64.0 pts vs VOO

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Side by side

REMX VanEck Rare Earth and Strategic Metals ETF · Holds 32 stocks in rare earth and critical materials, 9% 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 VanEck Sprott

Theme Rare earth and critical materials Rare earth and critical materials

In the S&P 500 8.7% 9.1%

Active share vs the S&P 500 100.0% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 32 156

Top ten, share of the fund 61.9% 40.1%

Expense ratio 0.53% 0.65%

Fee for the differing part 0.53% 0.65%

Total return, 1 year −17.8% +3.9%

vs its benchmark −32.8 pts vs ACWI −10.9 pts vs VOO

Below its high −76.3% −37.4%

Net assets, REMX as of Nov 3, 2026 and SETM as of Nov 4, 2026 $1.4bn $421m

As of Nov 4, 2026. Source: ETFIQ.

18% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

REMX

By weight, 9% of REMX'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 62% of the fund across 32 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −17.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 32.8 pts. It sits 76.3% below its all-time high of Apr 11, 2011.

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 REMX and SETM hold the same stocks?: By their latest filings, 18% 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, REMX or SETM?: REMX has 9% of its weight in S&P 500 names and SETM has 9%, so REMX differs more from the index.
Which is cheaper, REMX or SETM?: REMX charges 0.53% a year and SETM charges 0.65%, so REMX is cheaper. Fees come from each fund's prospectus.

Other comparisons

REMX vs REXC REMX vs EART REMX vs FMTL REMX vs ISTM SETM vs EART SETM vs WDIG SETM vs FMTL SETM vs REXC

Where to next

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

Sources and dates

REMX filings on SEC EDGAR ↗

REMX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

SETM filings on SEC EDGAR ↗

SETM prospectus with the expense ratio (SEC) ↗

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

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