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 means they have usually moved in the same direction. 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 -2.40% return, which is significantly lower than SETM's 0.76% return.
METL
- 1D
- 1.88%
- 1M
- -3.82%
- 6M
- -16.81%
- YTD
- -2.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SETM
- 1D
- 2.46%
- 1M
- -6.69%
- 6M
- -16.17%
- YTD
- 0.76%
- 1Y
- 58.99%
- 3Y*
- 19.75%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $254.79K | $338.57K | $594.19K | |
| $3.40M | $4.60M | $7.57M |
METL vs. SETM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | -2.40% | 28.19% |
SETM Sprott Critical Materials ETF | 0.76% | 33.22% |
Correlation
The correlation between METL and SETM is 0.93, 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 | 0.93 |
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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 | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.97 | — |
| Martin ratioReturn relative to average drawdown | — | 4.83 | — |
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Drawdowns
METL vs. SETM - Drawdown Comparison
The maximum METL drawdown since its inception was -28.80%, 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 | -28.80% | -42.81% | +14.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -30.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.81% | — |
Current DrawdownCurrent decline from peak | -26.00% | -26.58% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -15.35% | +4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.25% | — |
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 | — | 12.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.78% | 46.90% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.78% | 37.25% | +6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.78% | 37.25% | +6.53% |
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 1.02%, less than SETM's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 1.02% | 0.99% | 0.00% | 0.00% |
SETM Sprott Critical Materials ETF | 1.55% | 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 1.55%, compared with 1.02% 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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