METL vs. SETM
METL (Sprott Active Metals & Miners ETF) and SETM (Sprott Critical Materials ETF) are both exchange-traded funds - METL is a Natural Resources fund actively managed by Sprott, while SETM is a Materials fund tracking the Nasdaq Sprott Critical Materials Index. 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
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Returns By Period
In the year-to-date period, METL achieves a 5.42% return, which is significantly lower than SETM's 11.16% return.
METL
- 1D
- -4.31%
- 1M
- -5.33%
- YTD
- 5.42%
- 6M
- 3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SETM
- 1D
- -4.08%
- 1M
- -8.14%
- YTD
- 11.16%
- 6M
- 8.97%
- 1Y
- 95.17%
- 3Y*
- 25.14%
- 5Y*
- —
- 10Y*
- —
METL vs. SETM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | 5.42% | 28.19% |
SETM Sprott Critical Materials ETF | 11.16% | 33.22% |
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 10, 2025 | 0.93 |
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Return for Risk
METL vs. SETM — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SETM
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 Critical 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.
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 | SETM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.70 | — |
| Martin ratioReturn relative to average drawdown | — | 10.56 | — |
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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.
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Drawdown Indicators
| METL | SETM | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -20.07% | -19.00% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -15.03% | +6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.04% | — |
Volatility
METL vs. SETM - Volatility Comparison
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Volatility by Period
| METL | SETM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 45.01% | 46.69% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.01% | 37.23% | +7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.01% | 37.23% | +7.78% |
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 0.94%, less than SETM's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 0.94% | 0.99% | 0.00% | 0.00% |
SETM Sprott Critical Materials ETF | 1.41% | 1.56% | 2.07% | 2.47% |
Frequently Asked Questions
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.
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.
SETM is cheaper with a 0.65% expense ratio, compared with 0.89% for METL.
SETM has the higher dividend yield at 1.41%, compared with 0.94% for METL.
METL is categorized as Natural Resources, while SETM is Materials. Their fees differ too: 0.89% for METL and 0.65% for SETM.
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