LIMI vs. METL

Last updated Jul 11, 2026

LIMI (Themes Lithium & Battery Metal Miners ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - LIMI is a Lithium & Battery Metals fund tracking the BITA Global Lithium and Battery Metals Select Index, while METL is a Natural Resources fund actively managed by Sprott. LIMI is passively managed, while METL is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. LIMI charges 0.35%/yr vs 0.89%/yr for METL.

Performance

LIMI vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Lithium & Battery Metal Miners ETF (LIMI) 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, LIMI achieves a -7.47% return, which is significantly lower than METL's -0.30% return.

LIMI

• 1D: -1.07%
• 1M: -20.27%
• 6M: -17.03%
• YTD: -7.47%
• 1Y: 67.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

METL

• 1D: 0.93%
• 1M: -10.62%
• 6M: -8.78%
• YTD: -0.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LIMI vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
LIMI Themes Lithium & Battery Metal Miners ETF	-7.47%	44.60%
METL Sprott Active Metals & Miners ETF	-0.30%	28.19%

Correlation

The correlation between LIMI and METL is 0.60, 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 10, 2025	0.60

Return for Risk

LIMI vs. METL — Risk / Return Rank

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

LIMI

LIMI Risk / Return Rank: 50
LIMI Sharpe Ratio Rank: 53
LIMI Sortino Ratio Rank: 51
LIMI Omega Ratio Rank: 47
LIMI Calmar Ratio Rank: 52
LIMI Martin Ratio Rank: 49

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.

LIMI vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Lithium & Battery Metal Miners ETF (LIMI) 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.

	LIMI	METL	Difference
Sharpe ratio: Return per unit of total volatility	1.45	—	—
Sortino ratio: Return per unit of downside risk	2.01	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.08	—	—
Martin ratio: Return relative to average drawdown	6.50	—	—

Drawdowns

LIMI vs. METL - Drawdown Comparison

The maximum LIMI drawdown since its inception was -43.77%, which is greater than METL's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for LIMI and METL.

Drawdown Indicators

	LIMI	METL	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-27.39%	-16.38%
Max Drawdown (1Y) Largest decline over 1 year	-31.47%	—	—
Current Drawdown Current decline from peak	-31.47%	-24.41%	-7.06%
Average Drawdown Average peak-to-trough decline	-13.42%	-9.51%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.03%	—	—

Volatility

Volatility by Period

	LIMI	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.09%	44.29%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.82%	44.29%	-2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.82%	44.29%	-2.47%

LIMI vs. METL - Expense Ratio Comparison

LIMI has a 0.35% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

LIMI vs. METL - Dividend Comparison

LIMI's dividend yield for the trailing twelve months is around 0.59%, less than METL's 1.00% yield.

Position	TTM	2025	2024
LIMI Themes Lithium & Battery Metal Miners ETF	0.59%	0.54%	8.14%
METL Sprott Active Metals & Miners ETF	1.00%	0.99%	0.00%

Frequently Asked Questions

Can I hold both LIMI and METL in my portfolio?

LIMI 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.

Which ETF is better, LIMI or METL?

On fees, LIMI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LIMI or METL?

LIMI is cheaper with a 0.35% expense ratio, compared with 0.89% for METL.

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

METL has the higher dividend yield at 1.00%, compared with 0.59% for LIMI.

What is the main difference between LIMI and METL?

LIMI is categorized as Lithium & Battery Metals, while METL is Natural Resources. They also come from different issuers: Themes and Sprott. Their fees differ too: 0.35% for LIMI and 0.89% for METL.