METL vs. CCNR
METL (Sprott Active Metals & Miners ETF) and CCNR (ALPS/CoreCommodity Natural Resources ETF) are both Natural Resources funds. Both are actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. METL charges 0.89%/yr vs 0.39%/yr for CCNR.
Performance
METL vs. CCNR - Performance Comparison
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Returns By Period
In the year-to-date period, METL achieves a -4.20% return, which is significantly lower than CCNR's 16.17% return.
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CCNR
- 1D
- -0.79%
- 1M
- 2.52%
- 6M
- 1.72%
- YTD
- 16.17%
- 1Y
- 50.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.64K | $2.35M | $1.27M | |
| $253.61K | $342.11K | $593.78K |
METL vs. CCNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
CCNR ALPS/CoreCommodity Natural Resources ETF | 16.17% | 17.03% |
Correlation
The correlation between METL and CCNR is 0.72, 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 | 0.72 |
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Return for Risk
METL vs. CCNR — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CCNR
METL vs. CCNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and ALPS/CoreCommodity Natural Resources ETF (CCNR). 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.
| METL | CCNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.80 | — |
| Martin ratioReturn relative to average drawdown | — | 11.45 | — |
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Drawdowns
METL vs. CCNR - Drawdown Comparison
The maximum METL drawdown since its inception was -28.80%, which is greater than CCNR's maximum drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for METL and CCNR.
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Drawdown Indicators
| METL | CCNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -20.06% | -8.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.88% | — |
Current DrawdownCurrent decline from peak | -27.36% | -9.68% | -17.68% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -4.01% | -6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.26% | — |
Volatility
METL vs. CCNR - Volatility Comparison
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Volatility by Period
| METL | CCNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 18.64% | +25.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 19.98% | +23.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.84% | 19.98% | +23.86% |
METL vs. CCNR - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than CCNR's 0.39% expense ratio.
Dividends
METL vs. CCNR - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 1.04%, less than CCNR's 3.00% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CCNR ALPS/CoreCommodity Natural Resources ETF | 3.00% | 3.48% | 1.27% |
METL Sprott Active Metals & Miners ETF | 1.04% | 0.99% | 0.00% |
Frequently Asked Questions
METL and CCNR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CCNR is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CCNR is cheaper with a 0.39% expense ratio, compared with 0.89% for METL.
CCNR has the higher dividend yield at 3.00%, compared with 1.04% for METL.
They also come from different issuers: Sprott and ALPS. Their fees differ too: 0.89% for METL and 0.39% for CCNR.
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