FMTL vs. NANR
FMTL (First Trust Indxx Critical Metals ETF) and NANR (SPDR S&P North American Natural Resources ETF) are both exchange-traded funds - FMTL is a Rare Earth & Strategic Metals fund tracking the Indxx Global Critical Metals Index, while NANR is a Natural Resources fund tracking the S&P BMI North American Natural Resources Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. FMTL charges 0.65%/yr vs 0.35%/yr for NANR.
Performance
FMTL vs. NANR - Performance Comparison
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Returns By Period
In the year-to-date period, FMTL achieves a 13.89% return, which is significantly higher than NANR's 13.18% return.
FMTL
- 1D
- 0.81%
- 1M
- -11.71%
- YTD
- 13.89%
- 6M
- 13.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NANR
- 1D
- -0.12%
- 1M
- -6.08%
- YTD
- 13.18%
- 6M
- 11.39%
- 1Y
- 35.64%
- 3Y*
- 17.03%
- 5Y*
- 15.25%
- 10Y*
- 11.60%
FMTL vs. NANR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMTL First Trust Indxx Critical Metals ETF | 13.89% | 21.85% |
NANR SPDR S&P North American Natural Resources ETF | 13.18% | 11.14% |
Correlation
The correlation between FMTL and NANR is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.71 |
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Return for Risk
FMTL vs. NANR — Risk / Return Rank
FMTL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NANR
FMTL vs. NANR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Critical Metals ETF (FMTL) and SPDR S&P North American Natural Resources ETF (NANR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMTL | NANR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.96 | — |
| Martin ratioReturn relative to average drawdown | — | 11.08 | — |
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Drawdowns
FMTL vs. NANR - Drawdown Comparison
The maximum FMTL drawdown since its inception was -22.44%, smaller than the maximum NANR drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for FMTL and NANR.
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Drawdown Indicators
| FMTL | NANR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -49.15% | +26.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.15% | — |
Current DrawdownCurrent decline from peak | -14.61% | -10.92% | -3.69% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -8.39% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.23% | — |
Volatility
FMTL vs. NANR - Volatility Comparison
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Volatility by Period
| FMTL | NANR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.42% | 19.26% | +21.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.42% | 22.94% | +17.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.42% | 23.59% | +16.83% |
FMTL vs. NANR - Expense Ratio Comparison
FMTL has a 0.65% expense ratio, which is higher than NANR's 0.35% expense ratio.
Dividends
FMTL vs. NANR - Dividend Comparison
FMTL's dividend yield for the trailing twelve months is around 1.63%, less than NANR's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMTL First Trust Indxx Critical Metals ETF | 1.63% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NANR SPDR S&P North American Natural Resources ETF | 1.86% | 1.77% | 2.20% | 2.78% | 2.70% | 2.61% | 2.73% | 2.02% | 1.95% | 1.83% | 5.01% | 0.01% |
Frequently Asked Questions
FMTL and NANR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NANR is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NANR is cheaper with a 0.35% expense ratio, compared with 0.65% for FMTL.
NANR has the higher dividend yield at 1.86%, compared with 1.63% for FMTL.
FMTL is categorized as Rare Earth & Strategic Metals, while NANR is Natural Resources. FMTL tracks Indxx Global Critical Metals Index, while NANR tracks S&P BMI North American Natural Resources Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.65% for FMTL and 0.35% for NANR.
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