METL vs. FTRI
METL (Sprott Active Metals & Miners ETF) and FTRI (First Trust Indxx Global Natural Resources Income ETF) are both Natural Resources funds. METL is actively managed, while FTRI is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. METL charges 0.89%/yr vs 0.70%/yr for FTRI.
Performance
METL vs. FTRI - Performance Comparison
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Returns By Period
In the year-to-date period, METL achieves a 5.42% return, which is significantly higher than FTRI's 3.36% return.
METL
- 1D
- -4.31%
- 1M
- -5.33%
- YTD
- 5.42%
- 6M
- 3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTRI
- 1D
- -1.95%
- 1M
- -5.47%
- YTD
- 3.36%
- 6M
- 2.05%
- 1Y
- 14.91%
- 3Y*
- 12.98%
- 5Y*
- 7.56%
- 10Y*
- 9.97%
METL vs. FTRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | 5.42% | 28.19% |
FTRI First Trust Indxx Global Natural Resources Income ETF | 3.36% | 5.21% |
Correlation
The correlation between METL and FTRI is 0.76, 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 | 0.76 |
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Return for Risk
METL vs. FTRI — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTRI
METL vs. FTRI - 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 Global Natural Resources Income ETF (FTRI). 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 | FTRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.98 | — |
| Martin ratioReturn relative to average drawdown | — | 3.00 | — |
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Drawdowns
METL vs. FTRI - Drawdown Comparison
The maximum METL drawdown since its inception was -27.39%, smaller than the maximum FTRI drawdown of -43.82%. Use the drawdown chart below to compare losses from any high point for METL and FTRI.
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Drawdown Indicators
| METL | FTRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.39% | -43.82% | +16.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.82% | — |
Current DrawdownCurrent decline from peak | -20.07% | -15.26% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -8.48% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.98% | — |
Volatility
METL vs. FTRI - Volatility Comparison
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Volatility by Period
| METL | FTRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 45.01% | 18.08% | +26.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.01% | 20.77% | +24.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.01% | 21.94% | +23.07% |
METL vs. FTRI - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than FTRI's 0.70% expense ratio.
Dividends
METL vs. FTRI - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 0.94%, less than FTRI's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTRI First Trust Indxx Global Natural Resources Income ETF | 2.51% | 2.35% | 4.29% | 6.56% | 8.37% | 6.58% | 3.64% | 6.25% | 4.24% | 3.60% | 2.96% | 0.89% |
METL Sprott Active Metals & Miners ETF | 0.94% | 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
METL and FTRI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTRI is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTRI is cheaper with a 0.70% expense ratio, compared with 0.89% for METL.
FTRI has the higher dividend yield at 2.51%, compared with 0.94% for METL.
They also come from different issuers: Sprott and First Trust. Their fees differ too: 0.89% for METL and 0.70% for FTRI.
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