- ISIN
- US85208P6007
- Issuer
- Sprott
- Inception Date
- Mar 21, 2023
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $68M
Share Price Chart
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Performance
NIKL Performance Chart
Sprott Nickel Miners ETF (NIKL) is down 13.3% since the beginning of the year. NIKL is currently trading at $14 per share.
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Returns By Period
Sprott Nickel Miners ETF (NIKL) has returned -13.29% so far this year and 17.35% over the past 12 months.
Sprott Nickel Miners ETF
- 1D
- 1.72%
- 1M
- -20.14%
- YTD
- -13.29%
- 6M
- 0.68%
- 1Y
- 17.35%
- 3Y*
- -6.07%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
NIKL Monthly Returns History
Based on dividend-adjusted daily data since Mar 22, 2023, NIKL's average daily return is 0.00%, while the average monthly return is -0.06%.
Historically, 40% of months were positive and 60% were negative. The best month was Sep 2025 with a return of +17.2%, while the worst month was Mar 2026 at -20.4%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 7 months.
On a daily basis, NIKL closed higher 49% of trading days. The best single day was Mar 31, 2026 with a return of +8.0%, while the worst single day was Jun 3, 2026 at -8.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.56% | 11.65% | -20.43% | 8.43% | -11.23% | -11.49% | -13.29% | ||||||
| 2025 | -6.48% | -4.62% | -5.58% | 4.01% | 16.61% | 7.72% | -1.37% | 9.40% | 17.17% | -3.43% | -1.69% | 15.10% | 52.05% |
| 2024 | -7.05% | -6.59% | 3.64% | 8.62% | 10.97% | -13.98% | -6.12% | -0.89% | 10.89% | -8.72% | -4.49% | -7.63% | -22.48% |
| 2023 | 4.76% | -0.84% | -8.89% | 7.56% | 0.47% | -7.85% | -3.83% | -9.47% | -0.46% | -0.82% | -19.00% |
Benchmark Metrics
Sprott Nickel Miners ETF has an annualized alpha of -18.59%, beta of 0.99, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since March 22, 2023.
- This ETF participated in 132.57% of S&P 500 Index downside but only 25.67% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.20 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -18.59%
- Beta
- 0.99
- R²
- 0.20
- Upside Capture
- 25.67%
- Downside Capture
- 132.57%
Expense Ratio
NIKL has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NIKL ranks 17 for risk / return — in the bottom 17% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) and compare them to S&P 500 Index.
| NIKL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.35 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 2.54 | -2.04 |
| Martin ratioReturn relative to average drawdown | 1.34 | 11.58 | -10.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Sprott Nickel Miners ETF provided a 2.91% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.37 | $2.77 |
Dividend yield | 2.91% | 2.53% | 3.49% | 19.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Sprott Nickel Miners ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2023 | $2.77 | $2.77 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Sprott Nickel Miners ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Sprott Nickel Miners ETF was 60.23%, occurring on Apr 8, 2025. Recovery took 187 trading sessions.
The current Sprott Nickel Miners ETF drawdown is 33.75%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -60.23%Apr 2025 | 1y 8mo | 9mo 3d | 2y 5moJul 2023 - Jan 2026 |
2026 bear market2026 | -34.87%Jun 2026 | 4mo 12d | — | 4mo 14dJan 2026 - now |
2023 correction2023 | -11.67%May 2023 | 1mo 5d | 1mo 18d | 2mo 23dApr 2023 - Jul 2023 |
2026 pullback2026 | -4.71%Jan 2026 | 1d | 7d | 8dJan 2026 - Jan 2026 |
2026 pullback2026 | -4.17%Jan 2026 | 1d | 4d | 5dJan 2026 - Jan 2026 |
Drawdown Indicators
| NIKL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.23% | -56.78% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -34.87% | -9.10% | -25.77% |
Max Drawdown (3Y)Largest decline over 3 years | -60.23% | -18.90% | -41.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -33.75% | -2.93% | -30.82% |
Average DrawdownAverage peak-to-trough decline | -26.59% | -10.72% | -15.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.98% | 1.99% | +10.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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