IQ

SETM Sprott Critical Materials ETF

Share ▾
Share on XDownload as PDF
$24.89
+3.8% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Nov 4, 2026, SETM returned 3.9%, against 14.8% for VOO.

Why did SETM return +34.3% from Feb 2023 to Oct 2026, against VOO’s +94.8%?What does SETM hold that the S&P 500 does not?What do SETM’s net flows of +$548m over the 3 years to Jun 30, 2026 mean?
Holds 156 stocks in rare earth and critical materials, 9% of its weight in S&P 500 companiesSprott ↗Expense ratio 0.65%Fund assets $421m on Nov 4, 2026First traded Feb 2, 2023Benchmark S&P 500 Total Return Index, measured by VOO, which tracks the same indexFund page at the issuer ↗SEC filings ↗Every Sprott fund ETFIQ coversDividend history

Promise check: Not measuredETFIQ has not yet listed which companies belong to the rare earth and critical materials theme.

Compare with…Trading costsPut to the committeeaskIQ about SETMAdd to portfolioOverlapFlowsAlerts

SETM risk and return scorecard

vs VOO · Feb 2023 to Oct 2026 · 194 weekly returns · dividend-adjusted

3.7 years
SETM +34.3%, VOO +94.8%, Feb 2023 to Oct 2026, distributions reinvested.
Return
MeasureSETMVOOEdge
Total return+34.3%+94.8%VOO
Annualized+8.2%+19.6%VOO
Price return+26.5%+85.3%VOO
Risk
MeasureSETMVOOEdge
Volatility36.2%13.9%VOO
Max drawdown−39.0%−16.7%VOO
Upside capture116.9%100.0%SETM
Downside capture129.3%100.0%VOO
Risk-adjusted
MeasureSETMVOOEdge
Sharpe ratio0.271.03VOO
Sortino ratio0.391.58VOO
Alpha vs VOO
MeasureSETMVOOEdge
Alpha, a year−11.2%Not significant
Alpha t-stat−0.71
Beta to VOO1.481.00Higher beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
12 months to Jun 30, 2026
+$509m
3 years to Jun 30, 2026
+$548m
Since Jan 2023
+$554m
askIQ: what do these flows mean? ↗

What you earned

SETM −15.1%, VOO −1.1%: total return over one month to Nov 4, 2026.
SETM−15.1%
VOO−1.1%
SETM −21.2%, VOO −0.1%: total return over three months to Nov 4, 2026.
SETM−21.2%
VOO−0.1%
SETM −35.3%, VOO +5.0%: total return over six months to Nov 4, 2026.
SETM−35.3%
VOO+5.0%
SETM −14.0%, VOO +13.4%: total return over the year to Nov 4, 2026.
SETM−14.0%
VOO+13.4%
SETM +3.9%, VOO +14.8%: total return over one year to Nov 4, 2026.
SETM+3.9%
VOO+14.8%
SETM +57.7%, VOO +83.3%: total return over three years to Nov 4, 2026.
SETM+57.7%
VOO+83.3%
SETM +29.5%, VOO +93.5%: total return since launch to Nov 4, 2026.
SETM+29.5%
VOO+93.5%
askIQ: why did SETM return +3.9% over one year, against VOO’s +14.8%? ↗

What did you actually buy?

Rare earth and critical materials · holdings as of Nov 4, 2026
9.1%
Already in the S&P 500
Report
99.8%
Active share vs the S&P 500
Report
40.1%
Top ten holdings
Report
+3.9%
Total return, 1 year
Report
1.9%
12-month yield, capital gains included, on its starting price
Report
$0.4527
Last payment (paid annually), ex-date Dec 18, 2025
Report
Share already in the S&P 500
9.1% of the fund by weight, holdings as of Nov 4, 2026.
Ten largest holdings
Freeport-McMoRan Inc.5.5%
Lynas Rare Earths Ltd.4.9%
Cameco Corp.4.8%
NAC Kazatomprom JSC4.2%
Teck Resources Ltd.4.0%
Albemarle Corp.3.6%
Hecla Mining Co.3.4%
Sociedad Quimica y Minera de Chile SA3.4%
First Majestic Silver Corp.3.3%
PLS Group Ltd.3.1%
askIQ: what does SETM hold that the S&P 500 does not? ↗

More on SETM

Every number below is on this page. Open what you need.

The week's ETF fund flows, by email on Sundays.

One-click unsubscribe. See Privacy.

Price, 1 year

$24.89+3.8%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +3.9%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

SETM returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 5 – Nov 4, 2026−15.1%−1.1%−14.0 pts
3M Aug 5 – Nov 4, 2026−21.2%−0.1%−21.1 pts
6M May 6 – Nov 4, 2026−35.3%+5.0%−40.3 pts
YTD Dec 31, 2025 – Nov 4, 2026−14.0%+13.4%−27.4 pts
1Y Nov 4, 2025 – Nov 4, 2026+3.9%+14.8%−10.9 pts
3Y Nov 3, 2023 – Nov 4, 2026+57.7%+83.3%−25.6 pts
Since launch Feb 2, 2023 – Nov 4, 2026+29.5%+93.5%−64.0 pts
Since launch, annualised Feb 2, 2023 – Nov 4, 2026+7.1%––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Jun 30, 2026

SETM: in the month to Jun 30, 2026, net $4.2m came in, by its SEC filing.

12 months
+$509m
1,057.1% of $48.1m on Jun 30, 2025
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
3 years
+$548m
7,204.8% of $7.6m on Jun 30, 2023
Jul 1, 2023 to Jun 30, 2026
monthly, from SEC filings
Since Jan 2023
+$554m
Jan 1, 2023 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions SETM files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for SETM, back to Jan 2023, is in its flows file. Flows across every fund · How these flows are computed · Compare SETM with other funds in the flows tool

Month by month, money in and money outJul 2023 to Jun 2026

SETM, money in and money out each month from Jul 2023 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from SETM’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 31 and went out in 1.

Every bar is from SETM’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 31 and went out in 1.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$6.4m−$2.2m+$4.2m
May 2026 SEC Form N-PORT+$57.4m$0+$57.4m
Apr 2026 SEC Form N-PORT+$40.7m$0+$40.7m
Mar 2026 SEC Form N-PORT+$5.8m−$1.6m+$4.2m
Feb 2026 SEC Form N-PORT+$69.4m−$8.9m+$60.4m
Jan 2026 SEC Form N-PORT+$185m$0+$185m
Dec 2025 SEC Form N-PORT+$61.1m$0+$61.1m
Nov 2025 SEC Form N-PORT+$14.2m$0+$14.2m
Oct 2025 SEC Form N-PORT+$52.8m$0+$52.8m
Sep 2025 SEC Form N-PORT+$7.0m$0+$7.0m
Aug 2025 SEC Form N-PORT+$14.8m$0+$14.8m
Jul 2025 SEC Form N-PORT+$7.2m$0+$7.2m
Jun 2025 SEC Form N-PORT+$3.5m$0+$3.5m
May 2025 SEC Form N-PORT+$913k$0+$913k
Apr 2025 SEC Form N-PORT$0$0$0
Mar 2025 SEC Form N-PORT+$4.6m$0+$4.6m
Feb 2025 SEC Form N-PORT+$2.6m$0+$2.6m
Jan 2025 SEC Form N-PORT$0$0$0
Dec 2024 SEC Form N-PORT+$1.1m$0+$1.1m
Nov 2024 SEC Form N-PORT+$3.0m$0+$3.0m
Oct 2024 SEC Form N-PORT+$3.7m$0+$3.7m
Sep 2024 SEC Form N-PORT+$2.4m$0+$2.4m
Aug 2024 SEC Form N-PORT+$3.9m$0+$3.9m
Jul 2024 SEC Form N-PORT+$2.8m$0+$2.8m
Jun 2024 SEC Form N-PORT+$3.5m$0+$3.5m
May 2024 SEC Form N-PORT+$2.2m$0+$2.2m
Apr 2024 SEC Form N-PORT+$706k$0+$706k
Mar 2024 SEC Form N-PORT$0$0$0
Feb 2024 SEC Form N-PORT$0$0$0
Jan 2024 SEC Form N-PORT$0−$974k−$974k
Dec 2023 SEC Form N-PORT+$2.1m−$1.7m+$336k
Nov 2023 SEC Form N-PORT+$1.3m$0+$1.3m
Oct 2023 SEC Form N-PORT+$905k$0+$905k
Sep 2023 SEC Form N-PORT+$368k$0+$368k
Aug 2023 SEC Form N-PORT+$1.9m$0+$1.9m
Jul 2023 SEC Form N-PORT+$878k$0+$878k

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

SETM key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$39.73 on Jan 28, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$23.99 on Nov 3, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$24.89, 6% of the way from the low to the high
Holdings156
Top ten holdings weight40.1%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · SETMas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$1.800.18%
$10,000$180.18%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

SETM for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
SETM interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

SETM is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

SETM top ten by weight, 40.1% of the fund, of its 156 equity positions, from the holdings published by its issuer for Nov 4, 2026. Source: the issuer’s own daily file.

Freeport-McMoRan Inc. FCX 5.47%
Lynas Rare Earths Ltd. LYC 4.87%
Cameco Corp. CCJ 4.81%
NAC Kazatomprom JSC KAP 4.15%
Teck Resources Ltd. TECK 3.95%
Albemarle Corp. ALB 3.61%
Hecla Mining Co. HL 3.42%
Sociedad Quimica y Minera de Chile SA SQM 3.40%
First Majestic Silver Corp. AG 3.33%
PLS Group Ltd. PLS 3.12%
Holdings, the issuer’s own daily file ↗See all 156 holdings →Check overlap with another fund →

Source: Sprott’s daily holdings file. Updated each trading day. Last checked Nov 4, 2026.

About SETM

Theme (ETFIQ, editorial)Rare earth and critical materials
First tradedFeb 2, 2023
Already in the S&P 500, by weight (ETFIQ)9.1%
Outside the S&P 500, by weight (ETFIQ)91%
Active share vs the S&P 500 (ETFIQ)99.8%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
Active share vs the Nasdaq-100 (ETFIQ)100.0%
Top ten holdings weight40.1%
Holdings156
Holdings published for (the issuer’s daily file)Nov 4, 2026
Holdings as of the close of (the issuer’s daily file)Nov 4, 2026
Top holdingsFreeport-McMoRan Inc. 5.5%, Lynas Rare Earths Ltd. 4.9%, Cameco Corp. 4.8%, NAC Kazatomprom JSC 4.2%, Teck Resources Ltd. 4.0%, Albemarle Corp. 3.6%, Hecla Mining Co. 3.4%, Sociedad Quimica y Minera de Chile SA 3.4%, First Majestic Silver Corp. 3.3%, PLS Group Ltd. 3.1%
Net assets (issuer page, as of Nov 4, 2026)$421mReport
Benchmark (ETFIQ, from its filings)S&P 500 Total Return Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Mar 9, 2026
SETM, 1 year to Nov 4, 2026+3.9%
VOO, the same days+14.8%
Against its benchmark, 1 year (ETFIQ)−10.9 pts
Below its all-time high (ETFIQ)−37.4%
Expense ratio (485BPOS XBRL, Apr 30, 2026)0.65%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.65%
Closest funds by holdings overlapMETL 39%, EMET 35%, WDIG 31%, COPP 28%, COPA 27%
Below its all-time high37.4%, high on Jan 28, 2026
How we measure
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.
Holdings from the file the issuer publishes daily; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on SETM

12 seats on SETM, as of Nov 4, 2026: 1 Supports, 6 Challenges, 5 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put SETM to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about SETM

How much of SETM is in S&P 500 companies?
By its holdings published by its issuer for Nov 4, 2026, 9% of SETM 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 SETM hold?
156 positions as published by its issuer for Nov 4, 2026, with the top ten at 40% of the fund. The largest are Freeport-McMoRan Inc. at 5.5%, Lynas Rare Earths Ltd. at 4.9%, Cameco Corp. at 4.8%.
Has SETM beaten the S&P 500?
Over the year to Nov 4, 2026 SETM returned +3.9% with distributions reinvested, against +14.8% for the S&P 500, so it finished behind the index by 10.9 points.
What does SETM cost?
The prospectus expense ratio is 0.65% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.65%.
Sources and dates
Prices, SETM and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026
Fee, 0.65%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $421mIssuer page · Nov 4, 2026
HoldingsHoldings, the issuer’s own daily file · Nov 4, 2026 ↗
SourceHoldings filing (SEC Form N-PORT), the last one filed ↗
IssuerSprott page for SETM ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, SETM, thematic ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/setm

The difference bar for SETM, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

SETM: 9% of SETM's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/themes/setm/" title="SETM: 9% of SETM&#x27;s weight is in S&amp;P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026." width="640" height="346" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">SETM: 9% of SETM&#x27;s weight is in S&amp;P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026. Data: <a href="https://etfiq.com/funds/setm">ETFIQ</a></figcaption>
</figure>

How to embed ETFIQ charts

Get the ETFIQ Daily

The day's ETF flows, a comparison and one number. Every trading morning. About the Daily

The ETFIQ Daily and our other emails. Unsubscribe from any one in a click. See Privacy.

Snapshot, Nov 4, 2026. More on the tabs above.