Do SETM and SIL hold the same stocks?

By their latest filings, 17% 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, SETM or SIL?

SETM has 9% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.

Which is cheaper, SETM or SIL?

SETM and SIL both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

SETM vs SIL: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, SETM returned +3.9% to SIL's +27.1%; 17% of their weight is in the same names.

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Net assets: $421m on Nov 4, 2026 for Sprott Critical Materials ETF, and $4.4bn on Oct 12, 2026 for Global X Silver Miners ETF.

SETM on its own →SIL on its own →

At a glance

9.1%

SETM in the S&P 500

0.0%

SIL in the S&P 500

+3.9%

SETM total return, 1 year

+27.1%

SIL total return, 1 year

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.

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

0% of SIL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

Both cost 0.65% a year; their one-year returns differ by 23.2 points; SIL is 9.0 times larger.

Points (pts) are percentage points.

SETM vs SIL: Holdings Overlap & Returns
Measure	SETM	SIL
Return
Measure	SETM	SIL
Total return, 1 year	+3.9%	+27.1%
Drawdown
Measure	SETM	SIL
Below its all-time high	37.4%, high on Jan 28, 2026	33.7%, high on Feb 27, 2026
Against its benchmark
Measure	SETM	SIL
What it tracks	Rare earth and critical materials	Silver miners
Against the S&P 500, 1 year	behind by 10.9 pts
Its benchmark, total return, 1 year	+14.8%	+15.0%
Against its benchmark, 1 year	behind by 10.9 pts	ahead by 12.1 pts
Cost and size
Measure	SETM	SIL
Expense ratio	0.65%	0.65%
Net assets, as of Oct 12, 2026	$491m	$4.4bn
Holdings
Measure	SETM	SIL
Holdings in common	17%

Method

Risk and return

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

SETM SIL

Return

Total return edge SIL +34.3% +165.9%

Annualized edge SIL +8.2% +30.0%

Price return edge SIL +26.5% +154.6%

Risk

Volatility edge SETM 36.2% 44.0%

Max drawdown edge Tie −39.0% −39.5%

Downside capture 129.3% 101.2%

Beta 1.48 1.04

Risk-adjusted

Sharpe edge SIL 0.27 0.71

Sortino edge SIL 0.39 1.13

Treynor 0.067 0.099

Calmar edge SIL 0.21 0.76

Against the benchmark

Alpha −11.2% a year +0.4% a year

Alpha t-stat −0.71 0.05

Information ratio −0.14 0.02

Tracking error 30.6% 36.2%

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

Reading

From Feb 2023 to Oct 2026, SIL returned more: +165.9% to +34.3%. SETM swung less: 36.2% to 44.0%. SETM and SIL fell about the same at their worst: −39.0% and −39.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: SETM vs SIL: Holdings Overlap & Returns
Measure	SETM	SIL	Edge	How it is measured
Return
Total return	+34.3%	+165.9%	SIL	Price change plus distributions, reinvested.
Annualized	+8.2%	+30.0%	SIL	Total return as a yearly rate.
Price return	+26.5%	+154.6%	SIL	Price change alone, distributions left out.
Risk
Volatility	36.2%	44.0%	SETM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	25.6%	27.6%	SETM (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−39.0%	−39.5%	Tie	Deepest fall from a high to the low after it.
Upside capture	116.9%	84.6%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	129.3%	101.2%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.48	1.04	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.32	0.18	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.27	0.71	SIL	Return above Treasury bills per unit of volatility.
Sortino	0.39	1.13	SIL	Return above Treasury bills per unit of downside deviation.
Treynor	0.067	0.099		Return above Treasury bills per unit of beta.
Calmar	0.21	0.76	SIL	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VOO	ACWI		The ETF each fund is measured against.
Alpha	−11.2% a year	+0.4% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.71	0.05	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−42.0% to +19.7%	−17.1% to +17.9%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.14	0.02		Return against its benchmark per unit of tracking error.
Tracking error	30.6%	36.2%	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

17%

By the books each fund has filed, SETM and SIL hold 17% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

17% in common

Positions both hold · largest shared weight first SETM SIL

Hecla Mining Co. 3.42% 4.63%

First Majestic Silver Corp. 3.33% 4.47%

Cia de Minas Buenaventura SAA 2.78% 4.18%

Aya Gold & Silver Inc. 2.79% 2.01%

Silvercorp Metals Inc. 0.97% 1.47%

Endeavour Silver Corp. 0.95% 1.66%

AbraSilver Resource Corp. 0.47% 1.02%

Avino Silver & Gold Mines Ltd. 0.46% 0.62%

GoGold Resources Inc. 0.42% 0.63%

Vizsla Silver Corp. 0.41% 0.77%

Sigma Lithium Corp. 0.28% 0.41%

Highlander Silver Corp. 0.24% 0.44%

Only in one fund ↓

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%

Sociedad Quimica y Minera de Chile SA 3.40%

PLS Group Ltd. 3.12%

Only in SIL

Wheaton Precious Metals Corp. 22.38%

Pan American Silver Corp. 12.54%

COEUR MINING, INC. 10.59%

INDUSTRIAS PENOLES, S.A.B. DE C.V. 5.21%

FRESNILLO PLC 4.30%

OR Royalties Inc. 4.16%

SSR MINING INC. 3.85%

DISCOVERY MINING LTD. 3.00%

Check overlap with more funds →

Window by window

Window by window: SETM vs SIL: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	SETM	SIL	SETM	SIL
3 months	−21.2%	−6.8%	−21.1 pts vs VOO	−5.5 pts vs ACWI
6 months	−35.3%	−17.4%	−40.3 pts vs VOO	−20.0 pts vs ACWI
1 year	+3.9%	+27.1%	−10.9 pts vs VOO	+12.1 pts vs ACWI
3 years	+57.7%	+223.9%	−25.6 pts vs VOO	+146.3 pts vs ACWI
Since launchNot the same days: SETM Feb 2023 · SIL Apr 2010	+29.5%	+110.6%	−64.0 pts vs VOO	−282.3 pts vs ACWI

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Side by side

SETM Sprott Critical Materials ETF · Holds 156 stocks in rare earth and critical materials, 9% of its weight in S&P 500 companies SIL Global X Silver Miners ETF · Holds 39 stocks in silver miners, 0% of its weight in S&P 500 companies

Issuer Sprott Global X

Theme Rare earth and critical materials Silver miners

In the S&P 500 9.1% 0.0%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 156 39

Top ten, share of the fund 40.1% 76.3%

Expense ratio 0.65% 0.65%

Fee for the differing part 0.65% 0.65%

Total return, 1 year +3.9% +27.1%

vs its benchmark −10.9 pts vs VOO +12.1 pts vs ACWI

Below its high −37.4% −33.7%

Net assets, SETM as of Nov 4, 2026 and SIL as of Oct 12, 2026 $421m $4.4bn

As of Nov 4, 2026. Source: ETFIQ.

17% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

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.

SIL

By weight, 0% of SIL'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 76% of the fund across 39 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 12.1 pts. It sits 33.7% below its all-time high of Feb 27, 2026.

Questions people ask

Do SETM and SIL hold the same stocks?: By their latest filings, 17% 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, SETM or SIL?: SETM has 9% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.
Which is cheaper, SETM or SIL?: SETM and SIL both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

SETM vs AGMI SETM vs SILJ SETM vs SLVP SETM vs EART SIL vs REMX SIL vs ISTM SIL vs WDIG SIL vs EART

Where to next

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

Sources and dates

SETM filings on SEC EDGAR ↗

SETM prospectus with the expense ratio (SEC) ↗

Sprott page for SETM ↗

SIL filings on SEC EDGAR ↗

SIL prospectus with the expense ratio (SEC) ↗

Global X page for SIL ↗

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

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