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 0.88 means they have usually moved in the same direction. 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 -4.20% return, which is significantly lower than PICK's 16.18% return.
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PICK
- 1D
- -0.68%
- 1M
- 2.44%
- 6M
- 2.29%
- YTD
- 16.18%
- 1Y
- 58.79%
- 3Y*
- 15.08%
- 5Y*
- 9.26%
- 10Y*
- 14.91%
- ALL TIME*
- 5.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $253.61K | $342.11K | $593.78K | |
| $52.34M | $45.18M | $51.90M |
METL vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 16.18% | 25.55% |
Correlation
The correlation between METL and PICK is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.88 |
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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 | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.98 | — |
| Martin ratioReturn relative to average drawdown | — | 8.10 | — |
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Drawdowns
METL vs. PICK - Drawdown Comparison
The maximum METL drawdown since its inception was -28.80%, 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 | -28.80% | -68.87% | +40.07% |
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 | -27.36% | -13.47% | -13.89% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -23.99% | +13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.17% | — |
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 | — | 8.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 30.29% | +13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 28.11% | +15.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.84% | 28.29% | +15.55% |
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 1.04%, less than PICK's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 1.04% | 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 | 2.23% | 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 0.88, 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 2.23%, compared with 1.04% 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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