METL vs. NXG

Last updated Jun 3, 2026

METL (Sprott Active Metals & Miners ETF) and NXG (NXG NextGen Infrastructure Income Fund) are both funds - METL is a Commodity Producers Equities fund actively managed by Sprott, while NXG is a Global Equity Income fund actively managed by NXG. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. METL charges 0.89%/yr vs 1.00%/yr for NXG.

Performance

METL vs. NXG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) and NXG NextGen Infrastructure Income Fund (NXG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with METL having a 23.02% return and NXG slightly lower at 22.91%.

METL

• 1D: 2.94%
• 1M: 7.78%
• YTD: 23.02%
• 6M: 33.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NXG

• 1D: 0.66%
• 1M: 4.29%
• YTD: 22.91%
• 6M: 24.80%
• 1Y: 39.87%
• 3Y*: 34.54%
• 5Y*: —
• 10Y*: —

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

METL vs. NXG - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	23.02%	27.04%
NXG NXG NextGen Infrastructure Income Fund	22.91%	11.29%

Correlation

The correlation between METL and NXG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.28

Return for Risk

METL vs. NXG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXG

NXG Risk / Return Rank: 50
NXG Sharpe Ratio Rank: 50
NXG Sortino Ratio Rank: 43
NXG Omega Ratio Rank: 47
NXG Calmar Ratio Rank: 68
NXG Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

METL vs. NXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and NXG NextGen Infrastructure Income Fund (NXG). 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.

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

Sharpe Ratios by Period

	METL	NXG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.96	0.99	+0.97

Drawdowns

METL vs. NXG - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, roughly equal to the maximum NXG drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for METL and NXG.

Drawdown Indicators

	METL	NXG	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-26.14%	-1.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.14%	—
Current Drawdown Current decline from peak	-6.72%	-1.32%	-5.40%
Average Drawdown Average peak-to-trough decline	-8.10%	-6.60%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.78%	—

Volatility

Volatility by Period

	METL	NXG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	43.80%	19.17%	+24.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.80%	26.90%	+16.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.80%	26.90%	+16.90%

METL vs. NXG - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is lower than NXG's 1.00% expense ratio.

Dividends

METL vs. NXG - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.81%, less than NXG's 10.97% yield.

Position	TTM	2025	2024	2023	2022
METL Sprott Active Metals & Miners ETF	0.81%	0.99%	0.00%	0.00%	0.00%
NXG NXG NextGen Infrastructure Income Fund	10.97%	12.83%	14.15%	12.00%	1.11%

Frequently Asked Questions

Can I hold both METL and NXG in my portfolio?

METL and NXG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.