{"url":"https://etfiq.com/themes/miners","section":"themes","title":"Miners and metals ETFs: 6 funds, largest first | ETFIQ","description":"ETFIQ covers 6 miners and metals ETFs. The largest are XME ($3.6bn) and PICK ($2.3bn); fees run 0.35% to 0.99%, as of Jun 30 to Oct 27, 2026.","as_of":"Oct 27, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How many miners and metals ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"ETFIQ covers 6 US listed miners and metals ETFs as of Oct 27, 2026. That is every one it can measure from the fund\u2019s own published holdings."}},{"@type":"Question","name":"What is the largest miners and metals ETF?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"What is the cheapest miners and metals ETF?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Which miners and metals ETF has performed best over the past year?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"What do miners and metals ETFs hold?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Do miners and metals ETFs hold the same companies?","acceptedAnswer":{"@type":"Answer","text":"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."}}]},{"@type":"ItemList","name":"Miners and metals ETFs: 6 funds, largest first","numberOfItems":6,"itemListElement":[{"@type":"ListItem","position":1,"name":"XME","url":"https://etfiq.com/funds/xme"},{"@type":"ListItem","position":2,"name":"PICK","url":"https://etfiq.com/funds/pick"},{"@type":"ListItem","position":3,"name":"GOAU","url":"https://etfiq.com/funds/goau"},{"@type":"ListItem","position":4,"name":"SLX","url":"https://etfiq.com/funds/slx"},{"@type":"ListItem","position":5,"name":"METL","url":"https://etfiq.com/funds/metl"},{"@type":"ListItem","position":6,"name":"NIKL","url":"https://etfiq.com/funds/nikl"}]},{"@type":"ItemList","name":"The 6 largest miners and metals ETFs","itemListOrder":"https://schema.org/ItemListOrderDescending","numberOfItems":6,"itemListElement":[{"@type":"ListItem","position":1,"name":"XME","url":"https://etfiq.com/funds/xme"},{"@type":"ListItem","position":2,"name":"PICK","url":"https://etfiq.com/funds/pick"},{"@type":"ListItem","position":3,"name":"GOAU","url":"https://etfiq.com/funds/goau"},{"@type":"ListItem","position":4,"name":"SLX","url":"https://etfiq.com/funds/slx"},{"@type":"ListItem","position":5,"name":"METL","url":"https://etfiq.com/funds/metl"},{"@type":"ListItem","position":6,"name":"NIKL","url":"https://etfiq.com/funds/nikl"}]},{"@type":"Dataset","name":"Miners and metals ETFs: what each one holds","description":"ETFIQ covers 6 miners and metals ETFs. The largest are XME ($3.6bn) and PICK ($2.3bn); fees run 0.35% to 0.99%, as of Jun 30 to Oct 27, 2026.","url":"https://etfiq.com/themes/miners","dateModified":"2026-10-27","inLanguage":"en","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Miners and metals","item":"https://etfiq.com/themes/miners"}]},{"@type":"WebPage","name":"Miners and metals ETFs: 6 funds, largest first","description":"ETFIQ covers 6 miners and metals ETFs. The largest are XME ($3.6bn) and PICK ($2.3bn); fees run 0.35% to 0.99%, as of Jun 30 to Oct 27, 2026.","url":"https://etfiq.com/themes/miners","dateModified":"2026-10-27","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":8169,"truncated":false,"content":"ETFIQ / Thematic ETFs / Miners and metals \n \n Data as of Oct 27, 2026 .\n Miners and metals ETFs: what each one holds\n 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.\n 6 US listed miners and metals ETFs \n $3.6bn The largest, XME \n 0.35% The cheapest, XME \n +30.7% Best one year, SLX \n\n The short answers\n Least like the S&P 500 NIKL , Sprott Nickel Miners ETF, 0.0% of its weight in S&P 500 companies. Closest pair PICK and SLX , 33% of their weight in the same companies. What these funds actually own\n Between them the 6 funds' ten largest holdings name 47 companies, of which 7 appear in more than one. NUCOR CORP is among the ten largest of 4 of them, at an average of 5.5% of the fund.\n Miners and metals ETFs, the companies their ten largest holdings name. Source: each fund's latest SEC filing or its issuer\u2019s own daily holdings file, read by ETFIQ. Company Among the ten largest of Average weight where it is Largest, and in which fund \n NUCOR CORP NUE 4 of 6 5.5% 7.2% in SLX \n STEEL DYNAMICS INC STLD 4 of 6 4.5% 5.8% in XME \n RELIANCE INC RS 3 of 6 5.3% 6.3% in XME \n RIO TINTO RIO 3 of 6 5.1% 6.5% in SLX \n BHP GROUP LTD BHP 2 of 6 10.2% 13.6% in PICK \n FREEPORT MCMORAN INC FCX 2 of 6 5.7% 6.4% in PICK \n Endeavour Silver Corp EXK 2 of 6 3.7% 3.8% in GOAU \n ANTAM Persero Tbk PT ANTM 1 of 6 15.8% 15.8% in NIKL \n Nickel Industries Ltd. NIC 1 of 6 12.6% 12.6% in NIKL \n Franco-Nevada Corp FNV 1 of 6 9.9% 9.9% in GOAU \n Merdeka Battery Materials Tbk PT MBMA 1 of 6 9.7% 9.7% in NIKL \n OR Royalties Inc OR 1 of 6 9.6% 9.6% in GOAU \n Wheaton Precious Metals Corp WPM 1 of 6 9.5% 9.5% in GOAU \n IGO Ltd. IGO 1 of 6 7.7% 7.7% in NIKL \n Talon Metals Corp. TLO 1 of 6 6.7% 6.7% in NIKL \n \n 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.\n The 6 largest miners and metals ETFs\n 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 Jun 30 to Oct 27, 2026 .\n XME State Street SPDR S&P Metals & Mining ETF $3.6bn 0.35% \n PICK iShares MSCI Global Metals & Mining Producers ETF $2.3bn 0.39% \n GOAU US Global GO Gold and Precious Metal Miners ETF $165m 0.60% \n SLX VanEck Steel ETF $151m 0.55% \n METL Sprott Active Metals & Miners ETF $70m 0.99% \n NIKL Sprott Nickel Miners ETF $41m 0.75% \n \n Miners and metals ETFs: what each one holds, as of Oct 27, 2026. Source: ETFIQ. Ticker Fund Issuer Net assets In the S&P 500 Active share Total return 1Y vs its benchmark 1Y Fee \n XME State Street SPDR S&P Metals & Mining ETF State Street $3.6bn 21.7% 99.6% +3.1% \u221210.5 pts vs IVV 0.35% \n PICK iShares MSCI Global Metals & Mining Producers ETF iShares $2.3bn 12.6% 99.7% +26.0% +12.9 pts vs ACWI 0.39% \n GOAU US Global GO Gold and Precious Metal Miners ETF U.S. Global $165m 2.8% 99.8% +13.3% not measured 0.60% \n SLX VanEck Steel ETF VanEck $151m 12.8% 99.9% +30.7% +17.6 pts vs ACWI 0.55% \n METL Sprott Active Metals & Miners ETF Sprott $70m 14.2% 99.7% +8.3% \u22125.3 pts vs VOO 0.99% \n NIKL Sprott Nickel Miners ETF Sprott $41m 0.0% 100.0% \u221222.8% \u221236.4 pts vs VOO 0.75% \n \n How much of each pair is the same fund\n 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%.\n Miners and metals ETFs, the share of each pair\u2019s 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\u2019s own filed or daily holdings, read by ETFIQ. XME PICK GOAU SLX METL NIKL \n XME \u00b7 16% 3% 20% 22% 0% \n PICK 16% \u00b7 0% 33% 18% 0% \n GOAU 3% 0% \u00b7 0% 8% 0% \n SLX 20% 33% 0% \u00b7 13% 0% \n METL 22% 18% 8% 13% \u00b7 2% \n NIKL 0% 0% 0% 0% 2% \u00b7 \n \n 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.\n What each fund holds alone\n Miners and metals ETFs, the largest holding no other fund in the grid holds. Source: ETFIQ. Fund Largest holding it alone has Weight All of its own names \n XME ROYAL GOLD INC RGLD 5.2% 21.6% \n PICK GLENCORE PLC GLEN 4.6% 43.3% \n GOAU Franco-Nevada Corp FNV 9.9% 78.8% \n SLX Vale SA 7.5% 21.7% \n METL NexGen Energy Ltd. NXE 3.9% 31.5% \n NIKL ANTAM Persero Tbk PT ANTM 15.8% 64.5% \n \n Questions people ask\n 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\u2019s 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\n The issuers behind these miners and metals funds publish their own work on this theme. These are their pages and words, not ETFIQ\u2019s. A fund company writing about a theme it sells is making a case.\n Issuer material on this theme. Links leave ETFIQ. Source: each issuer\u2019s own site. Issuer What they publish Kind \n iShares iShares Portfolio Insights Their research index \n VanEck VanEck Insights Their research index \n Sprott Sprott Insights on metals and mining Their research index \n \n Where to next\n The largest miners and metals ETFs The cheapest miners and metals ETFs The miners and metals ETFs least like the S&P 500 The miners and metals ETFs that returned most The most concentrated miners and metals ETFs Every thematic ETF Compare two funds The vocabulary Sources\n Fund holdings from SEC Form N-PORT and from the issuers\u2019 own daily files SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, Miners and metals ETFs: what each one holds, data as of 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 .\n Other forms Plain ETFIQ, Miners and metals ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/miners APA ETFIQ. (Oct 27, 2026). Miners and metals ETFs: what each one holds. Retrieved from https://etfiq.com/themes/miners Markdown [Miners and metals ETFs: what each one holds (ETFIQ, Oct 27, 2026)](https://etfiq.com/themes/miners)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Miners and metals ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/miners"}