FTRI vs. METL

Last updated Jun 4, 2026

FTRI (First Trust Indxx Global Natural Resources Income ETF) and METL (Sprott Active Metals & Miners ETF) are both Commodity Producers Equities funds. FTRI is passively managed, while METL is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. FTRI charges 0.70%/yr vs 0.89%/yr for METL.

Performance

FTRI vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Global Natural Resources Income ETF (FTRI) 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, FTRI achieves a 10.97% return, which is significantly lower than METL's 18.34% return.

FTRI

• 1D: -0.41%
• 1M: 0.13%
• YTD: 10.97%
• 6M: 14.06%
• 1Y: 27.35%
• 3Y*: 16.47%
• 5Y*: 8.19%
• 10Y*: 10.43%

METL

• 1D: -3.81%
• 1M: 5.71%
• YTD: 18.34%
• 6M: 25.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTRI vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
FTRI First Trust Indxx Global Natural Resources Income ETF	10.97%	4.74%
METL Sprott Active Metals & Miners ETF	18.34%	27.04%

Correlation

The correlation between FTRI and METL is 0.74, 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 Sep 11, 2025	0.74

Return for Risk

FTRI vs. METL — Risk / Return Rank

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

FTRI

FTRI Risk / Return Rank: 43
FTRI Sharpe Ratio Rank: 45
FTRI Sortino Ratio Rank: 39
FTRI Omega Ratio Rank: 43
FTRI Calmar Ratio Rank: 47
FTRI Martin Ratio Rank: 41

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.

FTRI vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Global Natural Resources Income ETF (FTRI) 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.

	FTRI	METL	Difference
Sharpe ratio Return per unit of total volatility	1.59	—	—
Sortino ratio Return per unit of downside risk	2.04	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	2.31	—	—
Martin ratio Return relative to average drawdown	6.63	—	—
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

	FTRI	METL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.72	-1.24

Drawdowns

FTRI vs. METL - Drawdown Comparison

The maximum FTRI drawdown since its inception was -43.82%, which is greater than METL's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for FTRI and METL.

Drawdown Indicators

	FTRI	METL	Difference
Max Drawdown Largest peak-to-trough decline	-43.82%	-27.39%	-16.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.82%	—	—
Current Drawdown Current decline from peak	-9.02%	-10.27%	+1.25%
Average Drawdown Average peak-to-trough decline	-8.47%	-8.11%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	—	—

Volatility

Volatility by Period

	FTRI	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	43.94%	-26.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.76%	43.94%	-23.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	43.94%	-21.91%

FTRI vs. METL - Expense Ratio Comparison

FTRI has a 0.70% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

FTRI vs. METL - Dividend Comparison

FTRI's dividend yield for the trailing twelve months is around 2.33%, more than METL's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTRI First Trust Indxx Global Natural Resources Income ETF	2.33%	2.35%	4.29%	6.56%	8.37%	6.58%	3.64%	6.25%	4.24%	3.60%	2.96%	0.89%
METL Sprott Active Metals & Miners ETF	0.84%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTRI and METL in my portfolio?

FTRI and METL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTRI or METL?

On fees, FTRI is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTRI or METL?

FTRI is cheaper with a 0.70% expense ratio, compared with 0.89% for METL.

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

FTRI has the higher dividend yield at 2.33%, compared with 0.84% for METL.

What is the main difference between FTRI and METL?

They also come from different issuers: First Trust and Sprott. Their fees differ too: 0.70% for FTRI and 0.89% for METL.