Data as of .
SETM vs SLX: which is really different?
SETM and SLX hold 0% of their weight in the same names, and SLX returned more over the year.
ETFIQ Off-Index Score: SLX 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
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, SETM and SLX hold 0% of their money in the same securities at the same weight.
| Only in SETM | Only in SLX |
|---|---|
| Freeport-McMoRan Inc. 5.00% | Bhp Group Ltd 7.37% |
| Cameco Corp. 4.91% | Rio Tinto Plc 6.99% |
| Lynas Rare Earths Ltd. 4.73% | Nucor Corp 6.72% |
| PLS Group Ltd. 4.05% | Vale Sa 6.62% |
| NAC Kazatomprom JSC 3.57% | Nippon Steel Corp 5.88% |
| Hecla Mining Co. 3.46% | Arcelormittal Sa 5.75% |
| First Majestic Silver Corp. 3.42% | Steel Dynamics Inc 5.36% |
| Albemarle Corp. 3.37% | Rio Tinto Ltd 4.58% |
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 17, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| SETM | SLX | SETM | SLX | SETM | SLX | |
| 3 months | −9.0% | +0.7% | −11.3 pts | −1.6 pts | −6.5 pts | +3.2 pts |
| 6 months | +5.4% | +23.8% | −12.6 pts | +5.8 pts | −18.8 pts | −0.5 pts |
| 1 year | +37.9% | +48.9% | +21.4 pts | +32.3 pts | +16.2 pts | +27.1 pts |
| 3 years | +82.1% | +72.2% | +3.7 pts | −6.2 pts | −16.1 pts | −25.9 pts |
| Since launch | +61.6% | +176.7% | −30.1 pts | −626.8 pts | −74.6 pts | −1513.5 pts |
| SETM Sprott Critical Materials ETF Holds 156 stocks in rare earth and critical materials, 8% of its weight in S&P 500 companies | SLX VanEck Steel ETF Holds 39 stocks in miners and metals, 12% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sprott | VanEck |
| Theme | Rare earth and critical materials | Miners and metals |
| In the S&P 500 | 8.4% | 12.1% |
| Active share vs the S&P 500 | 99.8% | 99.9% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 156 | 39 |
| Top ten, share of the fund | 39.0% | 58.2% |
| Expense ratio | 0.65% | 0.55% |
| Fee for the differing part | 0.65% | 0.55% |
| Total return, 1 year | +37.9% | +48.9% |
| vs the S&P 500 | +21.4 pts | +32.3 pts |
| vs the Nasdaq-100 | +16.2 pts | +27.1 pts |
| Below its high | −21.8% | −6.6% |
| Net assets | $568m | $171m |
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.
SLX in plain words
By weight, 12% of SLX'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 58% of the fund across 39 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +48.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 32.3 pts. It sits 6.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Do SETM and SLX hold the same stocks?
- By their latest filings, 0% 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, SETM or SLX?
- SETM has 8% of its weight in S&P 500 names and SLX has 12%, so SLX differs more from the index.
- Which is cheaper, SETM or SLX?
- SETM charges 0.65% a year and SLX charges 0.55%, so SLX 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, SETM against SLX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/setm-vs-slx Free to use with attribution; the underlying files are at Open data.