IGF vs. METL

Last updated Jul 21, 2026

IGF (iShares Global Infrastructure ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index (Net), while METL is a Natural Resources fund actively managed by Sprott. IGF is passively managed, while METL is actively managed. At a 0.42 correlation, their price movements are largely independent. IGF charges 0.39%/yr vs 0.89%/yr for METL.

Performance

IGF vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Infrastructure ETF (IGF) 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, IGF achieves a 10.15% return, which is significantly higher than METL's -6.10% return.

IGF

• 1D: -0.43%
• 1M: 0.44%
• 6M: 8.59%
• YTD: 10.15%
• 1Y: 16.18%
• 3Y*: 15.34%
• 5Y*: 11.33%
• 10Y*: 8.09%
• ALL TIME*: 4.91%

METL

• 1D: -0.92%
• 1M: -15.36%
• 6M: -19.31%
• YTD: -6.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

IGF vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
IGF iShares Global Infrastructure ETF	10.15%	4.03%
METL Sprott Active Metals & Miners ETF	-6.10%	28.19%

Correlation

The correlation between IGF and METL is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.42

Return for Risk

IGF vs. METL — Risk / Return Rank

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

IGF

IGF Risk / Return Rank: 63
IGF Sharpe Ratio Rank: 62
IGF Sortino Ratio Rank: 62
IGF Omega Ratio Rank: 60
IGF Calmar Ratio Rank: 74
IGF Martin Ratio Rank: 59

METL

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

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.

IGF vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.

	IGF	METL	Difference
Sharpe ratio: Return per unit of total volatility	1.53	—	—
Sortino ratio: Return per unit of downside risk	2.20	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.77	—	—
Martin ratio: Return relative to average drawdown	7.55	—	—

Drawdowns

IGF vs. METL - Drawdown Comparison

The maximum IGF drawdown since its inception was -58.33%, which is greater than METL's maximum drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for IGF and METL.

Drawdown Indicators

	IGF	METL	Difference
Max Drawdown Largest peak-to-trough decline	-58.33%	-28.80%	-29.53%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.11%	—	—
Current Drawdown Current decline from peak	-2.57%	-28.80%	+26.23%
Average Drawdown Average peak-to-trough decline	-11.81%	-10.00%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	IGF	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.63%	44.16%	-33.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	44.16%	-30.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	44.16%	-27.45%

IGF vs. METL - Expense Ratio Comparison

IGF has a 0.39% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

IGF vs. METL - Dividend Comparison

IGF's dividend yield for the trailing twelve months is around 2.89%, more than METL's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGF iShares Global Infrastructure ETF	2.89%	3.23%	3.21%	3.36%	2.67%	2.42%	2.33%	3.27%	3.52%	2.95%	2.98%	3.25%
METL Sprott Active Metals & Miners ETF	1.06%	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 IGF and METL in my portfolio?

IGF and METL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGF or METL?

On fees, IGF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGF or METL?

IGF is cheaper with a 0.39% expense ratio, compared with 0.89% for METL.

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

IGF has the higher dividend yield at 2.89%, compared with 1.06% for METL.

What is the main difference between IGF and METL?

IGF is categorized as Industrials Equities, while METL is Natural Resources. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.39% for IGF and 0.89% for METL.