METL vs. FMTL

Last updated Jun 13, 2026

METL (Sprott Active Metals & Miners ETF) and FMTL (First Trust Indxx Critical Metals ETF) are both Commodity Producers Equities funds. METL is actively managed, while FMTL is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. METL charges 0.89%/yr vs 0.65%/yr for FMTL.

Performance

METL vs. FMTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) and First Trust Indxx Critical Metals ETF (FMTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METL achieves a 11.55% return, which is significantly lower than FMTL's 22.59% return.

METL

• 1D: 3.12%
• 1M: -9.34%
• YTD: 11.55%
• 6M: 15.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMTL

• 1D: 2.37%
• 1M: -8.02%
• YTD: 22.59%
• 6M: 28.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METL vs. FMTL - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	11.55%	20.97%
FMTL First Trust Indxx Critical Metals ETF	22.59%	21.85%

Correlation

The correlation between METL and FMTL is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.89

Return for Risk

METL vs. FMTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and First Trust Indxx Critical Metals ETF (FMTL). 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.

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

Drawdowns

METL vs. FMTL - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, which is greater than FMTL's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for METL and FMTL.

Drawdown Indicators

	METL	FMTL	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-22.44%	-4.95%
Current Drawdown Current decline from peak	-15.42%	-8.09%	-7.33%
Average Drawdown Average peak-to-trough decline	-8.42%	-5.25%	-3.17%

Volatility

Volatility by Period

	METL	FMTL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	45.21%	40.44%	+4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.21%	40.44%	+4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.21%	40.44%	+4.77%

METL vs. FMTL - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than FMTL's 0.65% expense ratio.

Dividends

METL vs. FMTL - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.89%, more than FMTL's 0.05% yield.

Position	TTM	2025
FMTL First Trust Indxx Critical Metals ETF	0.05%	0.06%
METL Sprott Active Metals & Miners ETF	0.89%	0.99%

Frequently Asked Questions

Can I hold both METL and FMTL in my portfolio?

METL and FMTL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METL or FMTL?

On fees, FMTL 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, METL or FMTL?

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

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

METL has the higher dividend yield at 0.89%, compared with 0.05% for FMTL.

What is the main difference between METL and FMTL?

They also come from different issuers: Sprott and First Trust. Their fees differ too: 0.89% for METL and 0.65% for FMTL.