Sprott Nickel Miners ETF (NIKL) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NIKL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NIKL
NIKL charges 0.75% annually. There are 46 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 36.33B | Dec 1998 | NIKL vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.75B | Oct 2013 | NIKL vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.80B | Sep 2004 | NIKL vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 408.55M | Nov 2025 | NIKL vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | NIKL vs GXPE |
Best Risk-Adjusted Alternatives to NIKL
NIKL has a PortfoliosLab risk / return rank of 14. There are 49 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 93 | 164.75M | Aug 2015 | NIKL vs CRAK | |
| FT Energy Income Partners Strategy ETF | 92 | 540.66M | Nov 2022 | NIKL vs EIPX | |
| Invesco Dynamic Oil & Gas Services ETF | 90 | 65.49M | Oct 2005 | NIKL vs PXJ | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 88 | 7.18M | May 2025 | NIKL vs USNG | |
| Invesco SteelPath MLP & Energy Infrastructure ETF | 87 | 64.82M | Feb 2025 | NIKL vs PIPE |
Top Performing NIKL Alternatives (YTD)
NIKL is at -16.85% YTD. There are 60 ETFs in the Energy Equities category with higher YTD returns, going as high as 42.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 42.91% | 164.75M | Aug 2015 | NIKL vs CRAK | |
| WEBs Energy XLE Defined Volatility ETF | 42.03% | — | Jul 2025 | NIKL vs DVXE | |
| Invesco Dynamic Oil & Gas Services ETF | 41.12% | 65.49M | Oct 2005 | NIKL vs PXJ | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 36.80% | 382.22M | Jun 2006 | NIKL vs XES | |
| VistaShares Electrification Supercycle ETF | 35.68% | 64.26M | Oct 2025 | NIKL vs POW |
Lowest Volatility Alternatives to NIKL
NIKL has 42.89% 1-year volatility. There are 64 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 10.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Macquarie Global Listed Infrastructure ETF | 10.95% | 6.30M | Nov 2023 | NIKL vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.47% | 540.66M | Nov 2022 | NIKL vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.64% | 1.14B | Nov 2022 | NIKL vs BKGI | |
| TrueShares Eagle Global Next Gen Power Infrastruct... | 12.75% | 5.89M | Dec 2022 | NIKL vs PWRZ | |
| Westwood Salient Enhanced Midstream Income ETF | 12.82% | 152.76M | Apr 2024 | NIKL vs MDST |
Lowest Drawdown Alternatives to NIKL
NIKL has a 1-year max drawdown of -38.85%. There are 49 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 540.66M | Nov 2022 | NIKL vs EIPX | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | NIKL vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.14B | Nov 2022 | NIKL vs BKGI | |
| Tortoise Electrification Infrastructure ETF | -6.29% | — | Dec 2024 | NIKL vs TPZ | |
| Westwood Salient Enhanced Midstream Income ETF | -6.74% | 152.76M | Apr 2024 | NIKL vs MDST |
Other ETFs from Sprott
The 10 most viewed Sprott ETFs shown here include PSLV, URNM, COPP and span 9 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Sprott Physical Silver Trust | Silver, Precious Metals | 23 | -24.40% | — | Oct 2010 | NIKL vs PSLV | |
| Sprott Uranium Miners ETF | Uranium | 11 | -11.15% | 1.91B | Dec 2019 | NIKL vs URNM | |
| Sprott Copper Miners ETF | Copper | 49 | 4.80% | 266.77M | Mar 2024 | NIKL vs COPP | |
| Sprott Critical Materials ETF | Materials, Commodity Producers Equities | 38 | -1.21% | 563.27M | Feb 2023 | NIKL vs SETM | |
| Sprott Gold Miners ETF | Gold, Precious Metals | 24 | -15.05% | 554.39M | Jul 2014 | NIKL vs SGDM | |
| Sprott Junior Copper Miners ETF | Copper | 47 | -3.23% | 146.50M | Feb 2023 | NIKL vs COPJ | |
| Sprott Junior Gold Miners ETF | Gold, Precious Metals | 34 | -14.35% | 279.82M | Mar 2015 | NIKL vs SGDJ | |
| Sprott Junior Uranium Miners ETF | Uranium | 12 | -13.77% | 330.89M | Feb 2023 | NIKL vs URNJ | |
| Sprott Physical Platinum and Palladium Trust | Precious Metals, Commodities | 11 | -22.92% | — | Dec 2012 | NIKL vs SPPP | |
| Sprott Lithium Miners ETF | Lithium & Battery Metals | 43 | -11.53% | 41.19M | Feb 2023 | NIKL vs LITP |
Often Compared With NIKL
Investors most often compare NIKL with ICOP, GOVZ, IAU. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare NIKL with Any Fund or Stock
Compare NIKL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NIKL with funds that move differently
Sprott Nickel Miners ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NIKL.
Explore NIKL Diversifiers