Data as of Oct 27, 2026.
Miners and metals ETFs: what each one holds
See every miners and metals ETF by what it holds, not by its name. Funds that hold the companies that dig metal out of the ground: gold, silver, copper, rare earths and steel. 6 funds, largest first. Updated Oct 27, 2026. The typical fund carries 13% of its weight in S&P 500 stocks, the 45th most of the 53 themes with holdings on file.
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What these funds actually own
Between them the 6 funds' ten largest holdings name 47 companies, of which 7 appear in more than one.More
NUCOR CORP is among the ten largest of 4 of them, at an average of 5.5% of the fund.
Miners and metals ETFs, the companies their ten largest holdings name. Source: each fund's latest SEC filing or its issuer’s own daily holdings file, read by ETFIQ.
How this is counted
The 15 most widely held of 47. Each row counts the ten largest holdings of each fund, so a fund missing from a row may still hold that company lower down. Weights are of the funds that name it, not of the theme.
Share of each fund's weight in S&P 500 companies. Above half, the fund is mostly the S&P 500.
Dark line: the S&P 500 over the same days, +13.5%. Last column: the gap to each fund's own benchmark, in points.
The 6 largest miners and metals ETFs
ETFIQ covers 6 miners and metals ETFs. The largest are XME ($3.6bn), PICK ($2.3bn) and GOAU ($165m); fees run 0.35% to 0.99%, as of .
Every miners and metals ETF, largest first
Click a column to sortPoints (pts) are percentage points.
| Ticker | Fund | Issuer | Net assets ↓ | In the S&P 500 | Active share | Total return 1Y | vs its benchmark 1Y | Fee |
|---|---|---|---|---|---|---|---|---|
| XME | State Street SPDR S&P Metals & Mining ETF | State Street | $3.6bn | 21.7% | 99.6% | +3.1% | −10.5 pts vs IVV | 0.35% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | iShares | $2.3bn | 12.6% | 99.7% | +26.0% | +12.9 pts vs ACWI | 0.39% |
| GOAU | US Global GO Gold and Precious Metal Miners ETF | U.S. Global | $165m | 2.8% | 99.8% | +13.3% | not measured | 0.60% |
| SLX | VanEck Steel ETF | VanEck | $151m | 12.8% | 99.9% | +30.7% | +17.6 pts vs ACWI | 0.55% |
| METL | Sprott Active Metals & Miners ETF | Sprott | $70m | 14.2% | 99.7% | +8.3% | −5.3 pts vs VOO | 0.99% |
| NIKL | Sprott Nickel Miners ETF | Sprott | $41m | 0.0% | 100.0% | −22.8% | −36.4 pts vs VOO | 0.75% |
How much of each pair is the same fund
The closest pair is PICK and SLX, which hold 33% of their weight in the same companies. The furthest apart is NIKL and XME at 0%. The middle pair of the 15 is 3%.
Miners and metals ETFs, the share of each pair’s weight held in the same companies. Read across or down; the number is the same either way. Cells are shaded against the closest pair here, 33%. Source: each fund’s own filed or daily holdings, read by ETFIQ.
How to read the grid
Weight overlap adds the smaller of the two weights for every company both funds hold. Funds with a cut-short book are left out, not compared short.
What each fund holds alone
Miners and metals ETFs, the largest holding no other fund in the grid holds. Source: ETFIQ.
Questions people ask
- How many miners and metals ETFs are there?
- ETFIQ covers 6 US listed miners and metals ETFs as of Oct 27, 2026. That is every one it can measure from the fund’s own published holdings.
- What is the largest miners and metals ETF?
- XME, State Street SPDR S&P Metals & Mining ETF, at $3.6bn in net assets as of Oct 26, 2026, the largest of the 6 miners and metals ETFs with a published size.
- What is the cheapest miners and metals ETF?
- XME, State Street SPDR S&P Metals & Mining ETF, at 0.35% a year by its prospectus filed Oct 24, 2025, the lowest fee of the 6 miners and metals ETFs that publish one.
- Which miners and metals ETF has performed best over the past year?
- SLX, VanEck Steel ETF, at +30.7% total return over the year to Oct 27, 2026, the highest of the 6 miners and metals ETFs with a full year of trading behind them. Past returns do not predict future ones.
- What do miners and metals ETFs hold?
- Funds that hold the companies that dig metal out of the ground: gold, silver, copper, rare earths and steel. Between them the 6 miners and metals ETFs ETFIQ can read name 47 companies in their ten largest holdings, by holdings dated Jun 30, 2026 to Oct 26, 2026, most widely NUCOR CORP, which is among the ten largest of 4 of them.
- Do miners and metals ETFs hold the same companies?
- It depends which two. Across the 15 pairs of the 6 miners and metals ETFs with a full published book, by holdings dated Jun 30, 2026 to Oct 26, 2026, PICK and SLX hold 33% of their weight in the same companies, NIKL and XME hold 0%, and the middle pair holds 3%. Two funds sold on one theme are not the same fund.
What the issuers say about this theme
About these links
The issuers behind these miners and metals funds publish their own work on this theme. These are their pages and words, not ETFIQ’s. A fund company writing about a theme it sells is making a case.
Issuer material on this theme. Links leave ETFIQ. Source: each issuer’s own site.
Links are sources, not endorsements. Standards and sources →
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<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/themes/miners"><img src="https://etfiq.com/assistant/api/embed/theme/miners.svg" alt="Miners and metals ETFs, one-year total return to Oct 27, 2026: SLX +30.7%, PICK +26.0%, GOAU +13.3%, METL +8.3%, XME +3.1%, NIKL −22.8%." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">Miners and metals ETFs, one-year total return to Oct 27, 2026: SLX +30.7%, PICK +26.0%, GOAU +13.3%, METL +8.3%, XME +3.1%, NIKL −22.8%. Data: <a href="https://etfiq.com/themes/miners">ETFIQ</a></figcaption>
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ETFIQ, Miners and metals ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/miners
ETFIQ. (Oct 27, 2026). Miners and metals ETFs: what each one holds. Retrieved from https://etfiq.com/themes/miners
[Miners and metals ETFs: what each one holds (ETFIQ, Oct 27, 2026)](https://etfiq.com/themes/miners)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.