METL vs. SLVR
METL (Sprott Active Metals & Miners ETF) and SLVR (Sprott Silver Miners & Physical Silver ETF) are both exchange-traded funds - METL is a Natural Resources fund actively managed by Sprott, while SLVR is a Silver fund tracking the Nasdaq Sprott Silver Miners™ Index. METL is actively managed, while SLVR is passively managed. Their correlation of 0.86 means they have usually moved in the same direction. METL charges 0.89%/yr vs 0.65%/yr for SLVR.
Performance
METL vs. SLVR - Performance Comparison
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Returns By Period
In the year-to-date period, METL achieves a -4.20% return, which is significantly higher than SLVR's -14.48% return.
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SLVR
- 1D
- -2.79%
- 1M
- -8.51%
- 6M
- -24.99%
- YTD
- -14.48%
- 1Y
- 64.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 72.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $253.61K | $342.11K | $593.78K | |
| $4.41M | $4.75M | $8.71M |
METL vs. SLVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
SLVR Sprott Silver Miners & Physical Silver ETF | -14.48% | 60.84% |
Correlation
The correlation between METL and SLVR is 0.86, 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 | 0.86 |
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Return for Risk
METL vs. SLVR — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLVR
METL vs. SLVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and Sprott Silver Miners & Physical Silver ETF (SLVR). 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 | SLVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.48 | — |
| Martin ratioReturn relative to average drawdown | — | 2.95 | — |
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Drawdowns
METL vs. SLVR - Drawdown Comparison
The maximum METL drawdown since its inception was -28.80%, smaller than the maximum SLVR drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for METL and SLVR.
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Drawdown Indicators
| METL | SLVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -43.70% | +14.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -43.70% | — |
Current DrawdownCurrent decline from peak | -27.36% | -42.75% | +15.39% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -12.30% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.92% | — |
Volatility
METL vs. SLVR - Volatility Comparison
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Volatility by Period
| METL | SLVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 52.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 64.91% | -21.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 58.41% | -14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.84% | 58.41% | -14.57% |
METL vs. SLVR - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than SLVR's 0.65% expense ratio.
Dividends
METL vs. SLVR - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 1.04%, less than SLVR's 4.31% yield.
| Position | TTM | 2025 |
|---|---|---|
METL Sprott Active Metals & Miners ETF | 1.04% | 0.99% |
SLVR Sprott Silver Miners & Physical Silver ETF | 4.31% | 3.68% |
Frequently Asked Questions
METL and SLVR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR is cheaper with a 0.65% expense ratio, compared with 0.89% for METL.
SLVR has the higher dividend yield at 4.31%, compared with 1.04% for METL.
METL is categorized as Natural Resources, while SLVR is Silver. Their fees differ too: 0.89% for METL and 0.65% for SLVR.
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