IDEF vs. METL
IDEF (iShares Defense Industrials Active ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - IDEF is a Aerospace & Defense fund actively managed by iShares, while METL is a Natural Resources fund actively managed by Sprott. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. IDEF charges 0.55%/yr vs 0.89%/yr for METL.
Performance
IDEF vs. METL - Performance Comparison
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Returns By Period
In the year-to-date period, IDEF achieves a 8.07% return, which is significantly higher than METL's -2.40% return.
IDEF
- 1D
- 2.66%
- 1M
- 0.76%
- 6M
- -2.87%
- YTD
- 8.07%
- 1Y
- 16.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.44%
METL
- 1D
- 1.88%
- 1M
- -3.82%
- 6M
- -16.81%
- YTD
- -2.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.02M | $18.41M | $29.29M | |
| $254.79K | $338.57K | $594.19K |
IDEF vs. METL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 8.07% | 5.25% |
METL Sprott Active Metals & Miners ETF | -2.40% | 28.19% |
Correlation
The correlation between IDEF and METL is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.60 |
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Return for Risk
IDEF vs. METL — Risk / Return Rank
IDEF
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IDEF vs. METL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Defense Industrials Active ETF (IDEF) 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.
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.
| IDEF | METL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | — | — |
| Martin ratioReturn relative to average drawdown | 2.13 | — | — |
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Drawdowns
IDEF vs. METL - Drawdown Comparison
The maximum IDEF drawdown since its inception was -15.78%, smaller than the maximum METL drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for IDEF and METL.
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Drawdown Indicators
| IDEF | METL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.78% | -28.80% | +13.02% |
Max Drawdown (1Y)Largest decline over 1 year | -15.78% | — | — |
Current DrawdownCurrent decline from peak | -9.52% | -26.00% | +16.48% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -10.73% | +5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | — | — |
Volatility
IDEF vs. METL - Volatility Comparison
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Volatility by Period
| IDEF | METL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 43.78% | -20.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 43.78% | -22.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 43.78% | -22.04% |
IDEF vs. METL - Expense Ratio Comparison
IDEF has a 0.55% expense ratio, which is lower than METL's 0.89% expense ratio.
Dividends
IDEF vs. METL - Dividend Comparison
IDEF's dividend yield for the trailing twelve months is around 0.32%, less than METL's 1.02% yield.
| Position | TTM | 2025 |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 0.32% | 0.17% |
METL Sprott Active Metals & Miners ETF | 1.02% | 0.99% |
Frequently Asked Questions
IDEF and METL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDEF is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDEF is cheaper with a 0.55% expense ratio, compared with 0.89% for METL.
METL has the higher dividend yield at 1.02%, compared with 0.32% for IDEF.
IDEF is categorized as Aerospace & Defense, while METL is Natural Resources. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.55% for IDEF and 0.89% for METL.
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