METL vs. LIMI

Last updated Aug 2, 2026

METL (Sprott Active Metals & Miners ETF) and LIMI (Themes Lithium & Battery Metal Miners ETF) are both exchange-traded funds - METL is a Natural Resources fund actively managed by Sprott, while LIMI is a Lithium & Battery Metals fund tracking the BITA Global Lithium and Battery Metals Select Index. METL is actively managed, while LIMI is passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. METL charges 0.89%/yr vs 0.35%/yr for LIMI.

Performance

METL vs. LIMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) and Themes Lithium & Battery Metal Miners ETF (LIMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METL achieves a -4.20% return, which is significantly higher than LIMI's -16.72% return.

METL

• 1D: -1.47%
• 1M: -5.60%
• 6M: -18.65%
• YTD: -4.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

LIMI

• 1D: -1.54%
• 1M: -19.51%
• 6M: -19.59%
• YTD: -16.72%
• 1Y: 48.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LIMI Themes Lithium & Battery Metal Miners ETF	$22.23K	$21.25K	$40.77K
METL Sprott Active Metals & Miners ETF	$253.61K	$342.11K	$593.78K

METL vs. LIMI - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	-4.20%	28.19%
LIMI Themes Lithium & Battery Metal Miners ETF	-16.72%	44.60%

Correlation

The correlation between METL and LIMI is 0.62, 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	0.62

Return for Risk

METL vs. LIMI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

METL

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

LIMI

LIMI Risk / Return Rank: 42
LIMI Sharpe Ratio Rank: 45
LIMI Sortino Ratio Rank: 46
LIMI Omega Ratio Rank: 43
LIMI Calmar Ratio Rank: 37
LIMI Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

METL vs. LIMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and Themes Lithium & Battery Metal Miners ETF (LIMI). 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	LIMI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.13	—
Sortino ratio: Return per unit of downside risk	—	1.69	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.29	—
Martin ratio: Return relative to average drawdown	—	3.79	—

Drawdowns

METL vs. LIMI - Drawdown Comparison

The maximum METL drawdown since its inception was -28.80%, smaller than the maximum LIMI drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for METL and LIMI.

Drawdown Indicators

	METL	LIMI	Difference
Max Drawdown Largest peak-to-trough decline	-28.80%	-43.77%	+14.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.24%	—
Current Drawdown Current decline from peak	-27.36%	-38.32%	+10.96%
Average Drawdown Average peak-to-trough decline	-10.66%	-14.17%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.33%	—

Volatility

Volatility by Period

	METL	LIMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	43.84%	44.90%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.84%	41.79%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.84%	41.79%	+2.05%

METL vs. LIMI - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than LIMI's 0.35% expense ratio.

Dividends

METL vs. LIMI - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 1.04%, more than LIMI's 0.65% yield.

Position	TTM	2025	2024
LIMI Themes Lithium & Battery Metal Miners ETF	0.65%	0.54%	8.14%
METL Sprott Active Metals & Miners ETF	1.04%	0.99%	0.00%

Frequently Asked Questions

Can I hold both METL and LIMI in my portfolio?

METL and LIMI have a correlation of 0.62, 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 LIMI?

On fees, LIMI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METL or LIMI?

LIMI is cheaper with a 0.35% expense ratio, compared with 0.89% for METL.

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

METL has the higher dividend yield at 1.04%, compared with 0.65% for LIMI.

What is the main difference between METL and LIMI?

METL is categorized as Natural Resources, while LIMI is Lithium & Battery Metals. They also come from different issuers: Sprott and Themes. Their fees differ too: 0.89% for METL and 0.35% for LIMI.