Data as of Nov 4, 2026.
SETM vs SGDM: Holdings Overlap & Returns
Over the year to Nov 4, 2026, SETM returned +3.9% to SGDM's +27.9%; 0% of their weight is in the same names.
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Net assets on Nov 4, 2026: $421m for Sprott Critical Materials ETF and $617m for Sprott Gold Miners ETF.
9% of SETM's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.
8% of SGDM's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 4, 2026.
Pair scorecard
SGDM costs 0.19 points a year less; their one-year returns differ by 24.0 points; SGDM is 1.5 times larger.
Points (pts) are percentage points.
| Measure | SETM | SGDM |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.9% | +27.9% |
| Drawdown | ||
| Below its all-time high | 37.4%, high on Jan 28, 2026 | 25.6%, high on Mar 2, 2026 |
| Against its benchmark | ||
| What it tracks | Rare earth and critical materials | Gold miners |
| Against the S&P 500, 1 year | behind by 10.9 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 10.9 pts | |
| Cost and size | ||
| Expense ratio | 0.65% | 0.46% |
| Net assets | $421m | $617m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Feb 10, 2023 to Oct 30, 2026 · 194 weekly returnsFrom Feb 2023 to Oct 2026, SGDM returned more: +162.4% to +34.3%. SETM swung slightly less: 36.2% to 39.4%. SGDM fell slightly less at its worst: −37.7% to −39.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SETM | SGDM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +34.3% | +162.4% | SGDM | Price change plus distributions, reinvested. |
| Annualized | +8.2% | +29.5% | SGDM | Total return as a yearly rate. |
| Price return | +26.5% | +153.7% | SGDM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 36.2% | 39.4% | SETM (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 25.6% | 24.2% | SGDM (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −39.0% | −37.7% | SGDM (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.27 | 0.73 | SGDM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.39 | 1.19 | SGDM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.21 | 0.78 | SGDM | Annualized return divided by the max drawdown. |
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, SETM and SGDM hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | SETM | SGDM | SETM | SGDM |
| 3 months | −21.2% | +2.7% | −21.1 pts vs VOO | not measured |
| 6 months | −35.3% | −5.9% | −40.3 pts vs VOO | not measured |
| 1 year | +3.9% | +27.9% | −10.9 pts vs VOO | not measured |
| 3 years | +57.7% | +198.6% | −25.6 pts vs VOO | not measured |
| Since launchNot the same days: SETM Feb 2023 · SGDM Jul 2014 | +29.5% | +219.4% | −64.0 pts vs VOO | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
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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.
SGDM
By weight, 8% of SGDM'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 56% of the fund across 48 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +27.9% with distributions reinvested. It sits 25.6% below its all-time high of Mar 2, 2026.
Questions people ask
- Do SETM and SGDM hold the same stocks?
- By their latest filings, 0% 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, SETM against SGDM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/setm-vs-sgdm
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[SETM against SGDM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/setm-vs-sgdm)
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