BILD vs. SETM

Last updated Apr 1, 2026

Compare and contrast key facts about Macquarie Global Listed Infrastructure ETF (BILD) and Sprott Energy Transition Materials ETF (SETM).

BILD and SETM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BILD is an actively managed fund by Macquarie. It was launched on Nov 28, 2023. SETM is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. It was launched on Feb 1, 2023.

Performance

BILD vs. SETM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Macquarie Global Listed Infrastructure ETF (BILD) and Sprott Energy Transition Materials ETF (SETM). The values are adjusted to include any dividend payments, if applicable.

BILD vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BILD Macquarie Global Listed Infrastructure ETF	8.96%	21.08%	-2.68%	3.97%
SETM Sprott Energy Transition Materials ETF	14.27%	95.27%	-13.24%	9.72%

Returns By Period

In the year-to-date period, BILD achieves a 8.96% return, which is significantly lower than SETM's 14.27% return.

BILD

• 1D: 1.10%
• 1M: -3.51%
• YTD: 8.96%
• 6M: 11.03%
• 1Y: 26.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETM

• 1D: 5.82%
• 1M: -14.37%
• YTD: 14.27%
• 6M: 33.70%
• 1Y: 137.98%
• 3Y*: 26.40%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BILD vs. SETM - Expense Ratio Comparison

BILD has a 0.49% expense ratio, which is lower than SETM's 0.65% expense ratio.

SETM

Sprott Energy Transition Materials ETF

BILD

Macquarie Global Listed Infrastructure ETF

Return for Risk

BILD vs. SETM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BILD

BILD Risk / Return Rank: 92
BILD Sharpe Ratio Rank: 91
BILD Sortino Ratio Rank: 91
BILD Omega Ratio Rank: 92
BILD Calmar Ratio Rank: 91
BILD Martin Ratio Rank: 94

SETM

SETM Risk / Return Rank: 96
SETM Sharpe Ratio Rank: 98
SETM Sortino Ratio Rank: 96
SETM Omega Ratio Rank: 94
SETM Calmar Ratio Rank: 97
SETM Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BILD vs. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Global Listed Infrastructure ETF (BILD) and Sprott Energy Transition Materials ETF (SETM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BILD	SETM	Difference
Sharpe ratio Return per unit of total volatility	2.07	3.03	-0.96
Sortino ratio Return per unit of downside risk	2.70	3.18	-0.48
Omega ratio Gain probability vs. loss probability	1.40	1.44	-0.04
Calmar ratio Return relative to maximum drawdown	3.25	5.08	-1.84
Martin ratio Return relative to average drawdown	14.07	17.14	-3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BILD vs. SETM - Sharpe Ratio Comparison

The current BILD Sharpe Ratio is 2.07, which is lower than the SETM Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of BILD and SETM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BILD	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	3.03	-0.96
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.52	+0.49

Correlation

The correlation between BILD and SETM is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BILD vs. SETM - Dividend Comparison

BILD's dividend yield for the trailing twelve months is around 2.82%, more than SETM's 1.37% yield.

	TTM	2025	2024	2023
BILD Macquarie Global Listed Infrastructure ETF	2.82%	3.05%	5.53%	0.52%
SETM Sprott Energy Transition Materials ETF	1.37%	1.56%	2.07%	2.47%

Drawdowns

BILD vs. SETM - Drawdown Comparison

The maximum BILD drawdown since its inception was -14.78%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for BILD and SETM.

Drawdown Indicators

	BILD	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-14.78%	-42.81%	+28.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-25.85%	+17.76%
Current Drawdown Current decline from peak	-3.51%	-16.74%	+13.23%
Average Drawdown Average peak-to-trough decline	-3.75%	-14.59%	+10.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	7.67%	-5.80%

Volatility

BILD vs. SETM - Volatility Comparison

The current volatility for Macquarie Global Listed Infrastructure ETF (BILD) is 4.06%, while Sprott Energy Transition Materials ETF (SETM) has a volatility of 18.23%. This indicates that BILD experiences smaller price fluctuations and is considered to be less risky than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BILD	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	18.23%	-14.17%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	36.72%	-29.36%
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	45.92%	-33.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.13%	36.22%	-23.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.13%	36.22%	-23.09%