LITP vs. METL

Last updated Jun 24, 2026

LITP (Sprott Lithium Miners ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - LITP is a Lithium & Battery Metals fund tracking the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while METL is a Natural Resources fund actively managed by Sprott. LITP is passively managed, while METL is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. LITP charges 0.65%/yr vs 0.89%/yr for METL.

Performance

LITP vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Lithium Miners ETF (LITP) 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, LITP achieves a 9.54% return, which is significantly higher than METL's 5.42% return.

LITP

• 1D: -3.44%
• 1M: -15.71%
• YTD: 9.54%
• 6M: 4.35%
• 1Y: 167.73%
• 3Y*: -5.46%
• 5Y*: —
• 10Y*: —

METL

• 1D: -4.31%
• 1M: -5.33%
• YTD: 5.42%
• 6M: 3.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LITP vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
LITP Sprott Lithium Miners ETF	9.54%	64.79%
METL Sprott Active Metals & Miners ETF	5.42%	28.19%

Correlation

The correlation between LITP and METL is 0.67, 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	0.67

Return for Risk

LITP vs. METL — Risk / Return Rank

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

LITP

LITP Risk / Return Rank: 79
LITP Sharpe Ratio Rank: 89
LITP Sortino Ratio Rank: 72
LITP Omega Ratio Rank: 65
LITP Calmar Ratio Rank: 91
LITP Martin Ratio Rank: 80

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.

LITP vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) 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.

	LITP	METL	Difference
Sharpe ratio: Return per unit of total volatility	2.80	—	—
Sortino ratio: Return per unit of downside risk	3.06	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	5.42	—	—
Martin ratio: Return relative to average drawdown	14.80	—	—

Drawdowns

LITP vs. METL - Drawdown Comparison

The maximum LITP drawdown since its inception was -74.94%, which is greater than METL's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for LITP and METL.

Drawdown Indicators

	LITP	METL	Difference
Max Drawdown Largest peak-to-trough decline	-74.94%	-27.39%	-47.55%
Max Drawdown (1Y) Largest decline over 1 year	-31.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-74.31%	—	—
Current Drawdown Current decline from peak	-27.35%	-20.07%	-7.28%
Average Drawdown Average peak-to-trough decline	-42.41%	-8.64%	-33.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	—	—

Volatility

Volatility by Period

	LITP	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.23%	45.01%	+15.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.79%	45.01%	+2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.79%	45.01%	+2.78%

LITP vs. METL - Expense Ratio Comparison

LITP has a 0.65% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

LITP vs. METL - Dividend Comparison

LITP's dividend yield for the trailing twelve months is around 6.76%, more than METL's 0.94% yield.

Position	TTM	2025	2024	2023
LITP Sprott Lithium Miners ETF	6.76%	7.41%	6.55%	2.80%
METL Sprott Active Metals & Miners ETF	0.94%	0.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LITP and METL in my portfolio?

LITP and METL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LITP or METL?

On fees, LITP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LITP or METL?

LITP is cheaper with a 0.65% expense ratio, compared with 0.89% for METL.

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

LITP has the higher dividend yield at 6.76%, compared with 0.94% for METL.

What is the main difference between LITP and METL?

LITP is categorized as Lithium & Battery Metals, while METL is Natural Resources. Their fees differ too: 0.65% for LITP and 0.89% for METL.