EMET vs. METL

Last updated Jun 3, 2026

EMET (VanEck Copper and Green Metals ETF) and METL (Sprott Active Metals & Miners ETF) are both Commodity Producers Equities funds. EMET is passively managed, while METL is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. EMET charges 0.61%/yr vs 0.89%/yr for METL.

Performance

EMET vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Copper and Green Metals ETF (EMET) and Sprott Active Metals & Miners ETF (METL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMET achieves a 28.94% return, which is significantly higher than METL's 23.02% return.

EMET

• 1D: 3.51%
• 1M: 11.17%
• YTD: 28.94%
• 6M: 44.80%
• 1Y: 126.38%
• 3Y*: 22.88%
• 5Y*: —
• 10Y*: —

METL

• 1D: 2.94%
• 1M: 7.78%
• YTD: 23.02%
• 6M: 33.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMET vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
EMET VanEck Copper and Green Metals ETF	28.94%	35.20%
METL Sprott Active Metals & Miners ETF	23.02%	27.04%

Correlation

The correlation between EMET and METL is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.83

Return for Risk

EMET vs. METL — Risk / Return Rank

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

EMET

EMET Risk / Return Rank: 85
EMET Sharpe Ratio Rank: 93
EMET Sortino Ratio Rank: 81
EMET Omega Ratio Rank: 83
EMET Calmar Ratio Rank: 86
EMET Martin Ratio Rank: 82

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.

EMET vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Copper and Green Metals ETF (EMET) and Sprott Active Metals & Miners ETF (METL). 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.

	EMET	METL	Difference
Sharpe ratio Return per unit of total volatility	3.55	—	—
Sortino ratio Return per unit of downside risk	3.70	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	4.87	—	—
Martin ratio Return relative to average drawdown	16.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EMET	METL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.96	-1.69

Drawdowns

EMET vs. METL - Drawdown Comparison

The maximum EMET drawdown since its inception was -53.05%, which is greater than METL's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for EMET and METL.

Drawdown Indicators

	EMET	METL	Difference
Max Drawdown Largest peak-to-trough decline	-53.05%	-27.39%	-25.66%
Max Drawdown (1Y) Largest decline over 1 year	-25.58%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.50%	—	—
Current Drawdown Current decline from peak	-2.27%	-6.72%	+4.45%
Average Drawdown Average peak-to-trough decline	-24.85%	-8.10%	-16.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.47%	—	—

Volatility

Volatility by Period

	EMET	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.81%	43.80%	-7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.94%	43.80%	-10.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.94%	43.80%	-10.86%

EMET vs. METL - Expense Ratio Comparison

EMET has a 0.61% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

EMET vs. METL - Dividend Comparison

EMET's dividend yield for the trailing twelve months is around 1.43%, more than METL's 0.81% yield.

Position	TTM	2025	2024	2023	2022
EMET VanEck Copper and Green Metals ETF	1.43%	1.84%	1.89%	2.02%	2.56%
METL Sprott Active Metals & Miners ETF	0.81%	0.99%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMET and METL in my portfolio?

EMET and METL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMET or METL?

On fees, EMET is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMET or METL?

EMET is cheaper with a 0.61% expense ratio, compared with 0.89% for METL.

Which ETF pays a higher dividend yield, EMET or METL?

EMET has the higher dividend yield at 1.43%, compared with 0.81% for METL.

What is the main difference between EMET and METL?

They also come from different issuers: VanEck and Sprott. Their fees differ too: 0.61% for EMET and 0.89% for METL.