Data as of .
REXC vs SETM: which is really different?
REXC and SETM hold 12% of their weight in the same names.
ETFIQ Off-Index Score: REXC 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
12% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, REXC and SETM hold 12% of their money in the same securities at the same weight.
| Holding | REXC | SETM |
|---|---|---|
| Lynas Rare Earths Ltd. | 19.82% | 4.73% |
| MP Materials Corp. | 19.11% | 3.01% |
| Energy Fuels Inc. | 1.98% | 1.12% |
| Sunrise Energy Metals Ltd. | 6.05% | 0.67% |
| Iluka Resources Ltd. | 4.62% | 0.61% |
| Arafura Rare Earths Ltd. | 4.04% | 0.22% |
| Lindian Resources Ltd. | 3.85% | 0.21% |
| Critical Metals Corp. | 3.45% | 0.19% |
| Brazilian Rare Earths Ltd. | 3.13% | 0.17% |
| NioCorp Developments Ltd. | 2.93% | 0.16% |
| Meteoric Resources Ltd. | 2.09% | 0.12% |
| Viridis Mining and Minerals Ltd. | 2.07% | 0.11% |
| Only in REXC | Only in SETM |
|---|---|
| USA Rare Earth Inc. 6.23% | Freeport-McMoRan Inc. 5.00% |
| Neo Performance Materials Inc. 5.00% | Cameco Corp. 4.91% |
| REalloys Inc. 2.90% | PLS Group Ltd. 4.05% |
| Ucore Rare Metals Inc. 1.15% | NAC Kazatomprom JSC 3.57% |
| Victory Metals Ltd. 0.79% | Hecla Mining Co. 3.46% |
| American Rare Earths Ltd. 0.66% | First Majestic Silver Corp. 3.42% |
| Brazilian Critical Minerals Ltd. 0.54% | Albemarle Corp. 3.37% |
| Ionic Rare Earths Ltd. 0.52% | Uranium Energy Corp. 3.27% |
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 | |||
|---|---|---|---|---|---|---|
| REXC | SETM | REXC | SETM | REXC | SETM | |
| 3 months | −21.8% | −9.0% | −24.0 pts | −11.3 pts | −19.3 pts | −6.5 pts |
| 6 months | not published | +5.4% | not published | −12.6 pts | not published | −18.8 pts |
| 1 year | not published | +37.9% | not published | +21.4 pts | not published | +16.2 pts |
| 3 years | not published | +82.1% | not published | +3.7 pts | not published | −16.1 pts |
| Since launch | −22.0% | +61.6% | −31.4 pts | −30.1 pts | −35.3 pts | −74.6 pts |
| REXC Sprott Rare Earths Ex-China ETF Holds 41 stocks in rare earth and critical materials, 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 | Rare earth and critical materials | 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 | 41 | 156 |
| Top ten, share of the fund | 75.3% | 39.0% |
| Expense ratio | 0.65% | 0.65% |
| Fee for the differing part | 0.65% | 0.65% |
| Total return, 1 year | −22.0% (since launch on Apr 15, 2026) | +37.9% |
| vs the S&P 500 | −31.4 pts | +21.4 pts |
| vs the Nasdaq-100 | −35.3 pts | +16.2 pts |
| Below its high | −31.2% | −21.8% |
| Net assets | $65m | $568m |
REXC in plain words
By weight, 0% of REXC'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 75% of the fund across 41 positions, as published by its issuer for Sep 18, 2026. Since it launched on Apr 15, 2026 the fund returned −22.0% with distributions reinvested against +9.4% for the S&P 500, so a holder was behind by 31.4 pts. It sits 31.2% below its all-time high of May 6, 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 REXC and SETM hold the same stocks?
- By their latest filings, 12% 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, REXC or SETM?
- REXC has 0% of its weight in S&P 500 names and SETM has 8%, so REXC differs more from the index.
- Which is cheaper, REXC or SETM?
- REXC charges 0.65% a year and SETM charges 0.65%, so REXC 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, REXC against SETM, data as of Sep 18, 2026. https://etfiq.com/compare/themes/rexc-vs-setm Free to use with attribution; the underlying files are at Open data.