METL vs. IDEF
METL (Sprott Active Metals & Miners ETF) and IDEF (iShares Defense Industrials Active ETF) are both exchange-traded funds - METL is a Natural Resources fund actively managed by Sprott, while IDEF is a Aerospace & Defense fund actively managed by iShares. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. METL charges 0.89%/yr vs 0.55%/yr for IDEF.
Performance
METL vs. IDEF - 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 IDEF's 5.28% return.
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IDEF
- 1D
- 0.33%
- 1M
- -1.85%
- 6M
- -6.23%
- YTD
- 5.28%
- 1Y
- 13.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.78M | $18.59M | $29.23M | |
| $253.61K | $342.11K | $593.78K |
METL vs. IDEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
IDEF iShares Defense Industrials Active ETF | 5.28% | 5.25% |
Correlation
The correlation between METL and IDEF is 0.60, 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 | 0.60 |
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Return for Risk
METL vs. IDEF — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IDEF
METL vs. IDEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and iShares Defense Industrials Active ETF (IDEF). 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 | IDEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.80 | — |
| Martin ratioReturn relative to average drawdown | — | 1.65 | — |
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Drawdowns
METL vs. IDEF - Drawdown Comparison
The maximum METL drawdown since its inception was -28.80%, which is greater than IDEF's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for METL and IDEF.
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Drawdown Indicators
| METL | IDEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -15.78% | -13.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.78% | — |
Current DrawdownCurrent decline from peak | -27.36% | -11.86% | -15.50% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -5.11% | -5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.67% | — |
Volatility
METL vs. IDEF - Volatility Comparison
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Volatility by Period
| METL | IDEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 22.81% | +21.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 21.65% | +22.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.84% | 21.65% | +22.19% |
METL vs. IDEF - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than IDEF's 0.55% expense ratio.
Dividends
METL vs. IDEF - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 1.04%, more than IDEF's 0.33% yield.
| Position | TTM | 2025 |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 0.33% | 0.17% |
METL Sprott Active Metals & Miners ETF | 1.04% | 0.99% |
Frequently Asked Questions
METL and IDEF 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.
On fees, IDEF is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDEF is cheaper with a 0.55% expense ratio, compared with 0.89% for METL.
METL has the higher dividend yield at 1.04%, compared with 0.33% for IDEF.
METL is categorized as Natural Resources, while IDEF is Aerospace & Defense. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.89% for METL and 0.55% for IDEF.
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