Data as of .
SGDM vs SLX: which is really different?
SGDM 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, SGDM and SLX hold 0% of their money in the same securities at the same weight.
| Holding | SGDM | SLX |
|---|---|---|
| Rio2 Ltd. | 0.08% | 7.08% |
| Only in SGDM | Only in SLX |
|---|---|
| Agnico Eagle Mines Ltd. 9.67% | Bhp Group Ltd 7.05% |
| Newmont Corp. 7.42% | Vale Sa 6.74% |
| Barrick Mining Corp. 7.36% | Nucor Corp 6.55% |
| Wheaton Precious Metals Corp. 7.22% | Arcelormittal Sa 5.91% |
| Franco-Nevada Corp. 6.04% | Steel Dynamics Inc 5.12% |
| Kinross Gold Corp. 4.47% | Rio Tinto Ltd 4.74% |
| Pan American Silver Corp. 3.69% | Nippon Steel Corp 4.72% |
| Coeur Mining Inc. 3.57% | Reliance Steel & Aluminum Co 4.66% |
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 | |||
|---|---|---|---|---|---|---|
| SGDM | SLX | SGDM | SLX | SGDM | SLX | |
| 3 months | +17.8% | +0.7% | +15.5 pts | −1.6 pts | +20.3 pts | +3.2 pts |
| 6 months | +20.2% | +23.8% | +2.2 pts | +5.8 pts | −4.0 pts | −0.5 pts |
| 1 year | +43.7% | +48.9% | +27.1 pts | +32.3 pts | +21.9 pts | +27.1 pts |
| 3 years | +234.7% | +72.2% | +156.3 pts | −6.2 pts | +136.6 pts | −25.9 pts |
| Since launch | +261.2% | +176.7% | −112.7 pts | −626.8 pts | −467.4 pts | −1513.5 pts |
| SGDM Sprott Gold Miners ETF Holds 48 stocks in gold miners, 7% 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 | Gold miners | Miners and metals |
| In the S&P 500 | 7.4% | 12.1% |
| Active share vs the S&P 500 | 99.8% | 99.9% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 48 | 39 |
| Top ten, share of the fund | 55.9% | 58.2% |
| Expense ratio | 0.46% | 0.55% |
| Fee for the differing part | 0.46% | 0.55% |
| Total return, 1 year | +43.7% | +48.9% |
| vs the S&P 500 | +27.1 pts | +32.3 pts |
| vs the Nasdaq-100 | +21.9 pts | +27.1 pts |
| Below its high | −15.9% | −6.6% |
| Net assets | $713m | $167m |
SGDM in plain words
By weight, 7% 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 Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +43.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 27.1 pts. It sits 15.9% below its all-time high of Mar 2, 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 18, 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 SGDM 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, SGDM or SLX?
- SGDM has 7% of its weight in S&P 500 names and SLX has 12%, so SLX differs more from the index.
- Which is cheaper, SGDM or SLX?
- SGDM charges 0.46% a year and SLX charges 0.55%, so SGDM 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, SGDM against SLX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/sgdm-vs-slx Free to use with attribution; the underlying files are at Open data.