GXPE vs. SETM

Last updated Jun 25, 2026

GXPE (Global X PureCap MSCI Energy ETF) and SETM (Sprott Critical Materials ETF) are both exchange-traded funds - GXPE is a Energy Equities fund tracking the MSCI USA Energy PureCap Index, while SETM is a Materials fund tracking the Nasdaq Sprott Critical Materials Index. Both are passively managed. At a correlation of -0.03, they often move in opposite directions. GXPE charges 0.15%/yr vs 0.65%/yr for SETM.

Performance

GXPE vs. SETM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) and Sprott Critical Materials ETF (SETM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXPE achieves a 20.25% return, which is significantly higher than SETM's 8.50% return.

GXPE

• 1D: -1.80%
• 1M: -9.28%
• YTD: 20.25%
• 6M: 21.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETM

• 1D: -2.39%
• 1M: -10.33%
• YTD: 8.50%
• 6M: 5.80%
• 1Y: 88.59%
• 3Y*: 24.13%
• 5Y*: —
• 10Y*: —

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

GXPE vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	20.25%	4.62%
SETM Sprott Critical Materials ETF	8.50%	41.48%

Correlation

The correlation between GXPE and SETM is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	-0.03

Return for Risk

GXPE vs. SETM — Risk / Return Rank

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

GXPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SETM

SETM Risk / Return Rank: 61
SETM Sharpe Ratio Rank: 65
SETM Sortino Ratio Rank: 52
SETM Omega Ratio Rank: 53
SETM Calmar Ratio Rank: 75
SETM Martin Ratio Rank: 60

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.

GXPE vs. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) and Sprott Critical 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.

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.

	GXPE	SETM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.30	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.45	—
Martin ratio: Return relative to average drawdown	—	9.73	—

Drawdowns

GXPE vs. SETM - Drawdown Comparison

The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for GXPE and SETM.

Drawdown Indicators

	GXPE	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-14.89%	-42.81%	+27.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.81%	—
Current Drawdown Current decline from peak	-14.64%	-20.94%	+6.30%
Average Drawdown Average peak-to-trough decline	-3.66%	-15.04%	+11.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.14%	—

Volatility

Volatility by Period

	GXPE	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.74%	46.76%	-26.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	37.23%	-16.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	37.23%	-16.49%

GXPE vs. SETM - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than SETM's 0.65% expense ratio.

Dividends

GXPE vs. SETM - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 1.00%, less than SETM's 1.44% yield.

Position	TTM	2025	2024	2023
GXPE Global X PureCap MSCI Energy ETF	1.00%	1.20%	0.00%	0.00%
SETM Sprott Critical Materials ETF	1.44%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both GXPE and SETM in my portfolio?

GXPE and SETM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXPE or SETM?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPE or SETM?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.65% for SETM.

Which ETF pays a higher dividend yield, GXPE or SETM?

SETM has the higher dividend yield at 1.44%, compared with 1.00% for GXPE.

What is the main difference between GXPE and SETM?

GXPE is categorized as Energy Equities, while SETM is Materials. GXPE tracks MSCI USA Energy PureCap Index, while SETM tracks Nasdaq Sprott Critical Materials Index. They also come from different issuers: Global X and Sprott. Their fees differ too: 0.15% for GXPE and 0.65% for SETM.