The cheapest miners and metals ETFs
See 6 funds ranked by the annual fee the fund charges. Updated Oct 20, 2026. A fee is one fact, not a verdict. Funds on one theme can hold different companies, and the holdings are on the theme page.
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| # | Ticker | Fund | Fee ↑ | Net assets | Weight in S&P 500 companies | Total return, 1Y |
|---|---|---|---|---|---|---|
| 1 | XME | State Street SPDR S&P Metals & Mining ET | 0.35% | $3.8bn | 21.5% | −6.2% |
| 2 | PICK | iShares MSCI Global Metals & Mining Prod | 0.39% | $2.4bn | 12.4% | +27.9% |
| 3 | SLX | VanEck Steel ETF | 0.55% | $156m | 12.6% | +37.2% |
| 4 | GOAU | US Global GO Gold and Precious Metal Min | 0.60% | $165m | 2.8% | +2.2% |
| 5 | NIKL | Sprott Nickel Miners ETF | 0.75% | $42m | 0.0% | −24.4% |
| 6 | METL | Sprott Active Metals & Miners ETF | 0.99% | $73m | 14.2% | +0.1% |
Method
The 6 of 6 ETFs in the miners and metals theme that publish an expense ratio, cheapest first. Across the funds listed here the annual fee runs from 0.3% to 1.0%.
The rest of the method
A fee is the one number a fund controls and the one a holder always pays. The list sorts one published figure, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A ranking is not a recommendation or an opinion.
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ETFIQ, The cheapest miners and metals ETFs, ranked by the annual fee the fund charges, data as of Oct 20, 2026. https://etfiq.com/rankings/themes-cheapest-miners
ETFIQ. (Oct 20, 2026). The cheapest miners and metals ETFs, ranked by the annual fee the fund charges. Retrieved from https://etfiq.com/rankings/themes-cheapest-miners
[The cheapest miners and metals ETFs, ranked by the annual fee the fund charges (ETFIQ, Oct 20, 2026)](https://etfiq.com/rankings/themes-cheapest-miners)
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