# METL (Sprott Active Metals & Miners ETF)

Sprott · Thematic ETFs · data as of Sep 11, 2026

METL holds 42 stocks, and 87% of its weight is outside the S&P 500.

## Key facts

- METL, already in the S&P 500: 13.4%, as of Sep 11, 2026.
- METL, active share vs the S&P 500: 99.7%, as of Sep 11, 2026.
- METL, top ten holdings: 40.3%, as of Sep 11, 2026.
- METL, total return, 1 year: +36.4%, as of Sep 11, 2026.
- METL, net assets: $85m (SEC filing, whole fund, as filed for Jun 30, 2026).
- METL, expense ratio: 0.99% (485BPOS XBRL, Apr 30, 2026).

## METL over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −2.8% | +3.3% | −6.1 pts | −2.0 pts |
| 6 months | +0.7% | +16.0% | −15.4 pts | −20.0 pts |
| 1 year | +36.4% | +17.5% | +18.9 pts | +13.4 pts |
| Since launch | +37.7% | +18.5% | +19.2 pts | +14.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Miners and metals | ETFIQ, editorial |
| Launched | Sep 10, 2025 | ETFIQ |
| Already in the S&P 500, by weight | 13.4% | ETFIQ |
| Active share vs the S&P 500 | 99.7% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 100.0% | ETFIQ |
| Top ten holdings weight | 40.3% | ETFIQ |
| Holdings | 42 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Top holdings | Nucor Corp 4.6%, Lithium Argentina Ag 4.3%, Cameco Corp 4.3%, Hudbay Minerals Inc 4.0%, Steel Dynamics Inc 4.0%, Major Drilling Group International Inc 4.0%, Nexgen Energy Ltd 4.0%, Lynas Rare Earths Ltd 3.9%, Denison Mines Corp 3.7%, Reliance Inc 3.5% | ETFIQ |
| Net assets | $85m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its all-time high | −17.8% | ETFIQ |
| Expense ratio | 0.99% | 485BPOS XBRL, Apr 30, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.99% | ETFIQ |
| Closest funds by holdings overlap | WDIG 23%, COPA 23%, EMET 22%, XME 21%, URNM 19% | ETFIQ |

## Questions

### How much of METL is in S&P 500 companies?

By its holdings filed for Jun 30, 2026, 13% of METL by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.

### What does METL hold?

42 positions as filed for Jun 30, 2026, with the top ten at 40% of the fund. The largest are Nucor Corp at 4.6%, Lithium Argentina Ag at 4.3%, Cameco Corp at 4.3%.

### Has METL beaten the S&P 500?

Over the year to Sep 11, 2026 METL returned +36.4% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 18.9 points.

### What does METL cost?

The prospectus expense ratio is 0.99% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.99%.


## Cite this page

ETFIQ, METL, data as of Sep 11, 2026. https://etfiq.com/funds/METL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/METL  ·  JSON: https://etfiq.com/funds/METL.json