The most concentrated miners and metals ETFs
See 6 funds ranked by the share of the fund held in its ten largest positions. Updated Oct 20, 2026. Two funds on one theme can hold ten names or two hundred. Fund names do not show which.
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| # | Ticker | Fund | Top ten weight ↓ | Holdings | Net assets | Total return, 1Y |
|---|---|---|---|---|---|---|
| 1 | NIKL | Sprott Nickel Miners ETF | 74.0% | 26 | $42m | −24.4% |
| 2 | SLX | VanEck Steel ETF | 56.5% | 39 | $156m | +37.2% |
| 3 | GOAU | US Global GO Gold and Precious Metal Min | 54.9% | 29 | $165m | +2.2% |
| 4 | XME | State Street SPDR S&P Metals & Mining ET | 53.4% | 38 | $3.8bn | −6.2% |
| 5 | PICK | iShares MSCI Global Metals & Mining Prod | 48.9% | 259 | $2.4bn | +27.9% |
| 6 | METL | Sprott Active Metals & Miners ETF | 39.8% | 46 | $73m | +0.1% |
Method
The 6 of 6 ETFs in the miners and metals theme with a filed book, most concentrated first.
The rest of the method
Across the funds listed here the weight in the ten largest runs from 39.8% to 74.0%. Concentration is not a fault. It shows how much rides on ten holdings. 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 most concentrated miners and metals ETFs, ranked by the share of the fund held in its ten largest positions, data as of Oct 20, 2026. https://etfiq.com/rankings/themes-concentrated-miners
ETFIQ. (Oct 20, 2026). The most concentrated miners and metals ETFs, ranked by the share of the fund held in its ten largest positions. Retrieved from https://etfiq.com/rankings/themes-concentrated-miners
[The most concentrated miners and metals ETFs, ranked by the share of the fund held in its ten largest positions (ETFIQ, Oct 20, 2026)](https://etfiq.com/rankings/themes-concentrated-miners)
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