METL vs. SETM

Last updated Jun 4, 2026

METL (Sprott Active Metals & Miners ETF) and SETM (Sprott Energy Transition Materials ETF) are both exchange-traded funds - METL is a Commodity Producers Equities fund actively managed by Sprott, while SETM is a Energy Equities fund tracking the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. METL is actively managed, while SETM is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. METL charges 0.89%/yr vs 0.65%/yr for SETM.

Performance

METL vs. SETM - Performance Comparison

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

Returns By Period

In the year-to-date period, METL achieves a 18.34% return, which is significantly lower than SETM's 27.22% return.

METL

• 1D: -3.81%
• 1M: 5.71%
• YTD: 18.34%
• 6M: 25.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETM

• 1D: -4.09%
• 1M: 2.39%
• YTD: 27.22%
• 6M: 33.66%
• 1Y: 144.21%
• 3Y*: 30.90%
• 5Y*: —
• 10Y*: —

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

METL vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	18.34%	27.04%
SETM Sprott Energy Transition Materials ETF	27.22%	35.67%

Correlation

The correlation between METL and SETM is 0.93, 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 11, 2025	0.93

Return for Risk

METL vs. SETM — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 82
SETM Sharpe Ratio Rank: 91
SETM Sortino Ratio Rank: 71
SETM Omega Ratio Rank: 72
SETM Calmar Ratio Rank: 90
SETM Martin Ratio Rank: 84

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. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and Sprott Energy Transition Materials ETF (SETM). 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	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	0.59	+1.12

Drawdowns

METL vs. SETM - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for METL and SETM.

Drawdown Indicators

	METL	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-42.81%	+15.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.81%	—
Current Drawdown Current decline from peak	-10.27%	-7.30%	-2.97%
Average Drawdown Average peak-to-trough decline	-8.11%	-14.26%	+6.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.31%	—

Volatility

Volatility by Period

	METL	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	43.94%	44.71%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.94%	36.57%	+7.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.94%	36.57%	+7.37%

METL vs. SETM - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than SETM's 0.65% expense ratio.

Dividends

METL vs. SETM - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.84%, less than SETM's 1.23% yield.

Position	TTM	2025	2024	2023
METL Sprott Active Metals & Miners ETF	0.84%	0.99%	0.00%	0.00%
SETM Sprott Energy Transition Materials ETF	1.23%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both METL and SETM in my portfolio?

With a correlation of 0.93, METL and SETM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, METL or SETM?

On fees, SETM is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METL or SETM?

SETM is cheaper with a 0.65% expense ratio, compared with 0.89% for METL.

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

SETM has the higher dividend yield at 1.23%, compared with 0.84% for METL.

What is the main difference between METL and SETM?

METL is categorized as Commodity Producers Equities, while SETM is Energy Equities. Their fees differ too: 0.89% for METL and 0.65% for SETM.