# The cheapest miners and metals ETFs

> The cheapest miners and metals ETFs, ranked by the annual fee the fund charges, as of Oct 20, 2026. 6 funds from ETFIQ’s own published figures.

Data as of Oct 20, 2026. Rebuilt every trading night.

As of Oct 20, 2026 . Rebuilt every trading night.

## 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.

| # | 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%. 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.

### Where to next

### Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: 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
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/rankings/themes-cheapest-miners