METL vs. PICK
METL (Sprott Active Metals & Miners ETF) and PICK (iShares MSCI Global Metals & Mining Producers ETF) are both exchange-traded funds - METL is a Natural Resources fund actively managed by Sprott, while PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. METL is actively managed, while PICK is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. METL charges 0.89%/yr vs 0.39%/yr for PICK.
Performance
METL vs. PICK - Performance Comparison
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Returns By Period
In the year-to-date period, METL achieves a 5.42% return, which is significantly lower than PICK's 17.36% return.
METL
- 1D
- -4.31%
- 1M
- -5.33%
- YTD
- 5.42%
- 6M
- 3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PICK
- 1D
- -4.38%
- 1M
- -5.22%
- YTD
- 17.36%
- 6M
- 17.02%
- 1Y
- 69.31%
- 3Y*
- 18.27%
- 5Y*
- 10.54%
- 10Y*
- 16.67%
METL vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | 5.42% | 28.19% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 17.36% | 25.55% |
Correlation
The correlation between METL and PICK is 0.87, 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 Sep 10, 2025 | 0.87 |
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Return for Risk
METL vs. PICK — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PICK
METL vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and iShares MSCI Global Metals & Mining Producers ETF (PICK). 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 | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.56 | — |
| Martin ratioReturn relative to average drawdown | — | 13.38 | — |
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Drawdowns
METL vs. PICK - Drawdown Comparison
The maximum METL drawdown since its inception was -27.39%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for METL and PICK.
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Drawdown Indicators
| METL | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.39% | -68.87% | +41.48% |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -20.07% | -12.59% | -7.48% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -24.06% | +15.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.20% | — |
Volatility
METL vs. PICK - Volatility Comparison
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Volatility by Period
| METL | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 45.01% | 30.14% | +14.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.01% | 28.14% | +16.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.01% | 28.34% | +16.67% |
METL vs. PICK - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than PICK's 0.39% expense ratio.
Dividends
METL vs. PICK - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 0.94%, less than PICK's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.21% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
METL and PICK have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PICK is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PICK is cheaper with a 0.39% expense ratio, compared with 0.89% for METL.
PICK has the higher dividend yield at 2.21%, compared with 0.94% for METL.
METL is categorized as Natural Resources, while PICK is Metals. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.89% for METL and 0.39% for PICK.
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