METL vs. VEGI
METL (Sprott Active Metals & Miners ETF) and VEGI (iShares MSCI Agriculture Producers ETF) are both Natural Resources funds. METL is actively managed, while VEGI is passively managed. Their 0.30 correlation means their historical movements had little consistent relationship. METL charges 0.89%/yr vs 0.39%/yr for VEGI.
Performance
METL vs. VEGI - 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 VEGI's 15.49% return.
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VEGI
- 1D
- -2.47%
- 1M
- -0.02%
- 6M
- 4.67%
- YTD
- 15.49%
- 1Y
- 13.43%
- 3Y*
- 4.25%
- 5Y*
- 4.64%
- 10Y*
- 8.64%
- ALL TIME*
- 5.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $253.61K | $342.11K | $593.78K | |
| $2.81M | $2.23M | $2.37M |
METL vs. VEGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
VEGI iShares MSCI Agriculture Producers ETF | 15.49% | -2.32% |
Correlation
The correlation between METL and VEGI is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.30 |
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Return for Risk
METL vs. VEGI — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VEGI
METL vs. VEGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and iShares MSCI Agriculture Producers ETF (VEGI). 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 | VEGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.33 | — |
| Martin ratioReturn relative to average drawdown | — | 2.81 | — |
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Drawdowns
METL vs. VEGI - Drawdown Comparison
The maximum METL drawdown since its inception was -28.80%, smaller than the maximum VEGI drawdown of -37.37%. Use the drawdown chart below to compare losses from any high point for METL and VEGI.
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Drawdown Indicators
| METL | VEGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -37.37% | +8.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.61% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.37% | — |
Current DrawdownCurrent decline from peak | -27.36% | -5.54% | -21.82% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -9.77% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.07% | — |
Volatility
METL vs. VEGI - Volatility Comparison
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Volatility by Period
| METL | VEGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 15.42% | +28.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 17.87% | +25.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.84% | 18.87% | +24.97% |
METL vs. VEGI - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than VEGI's 0.39% expense ratio.
Dividends
METL vs. VEGI - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 1.04%, less than VEGI's 1.94% 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% |
VEGI iShares MSCI Agriculture Producers ETF | 1.94% | 2.33% | 2.62% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 2.49% |
Frequently Asked Questions
METL and VEGI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEGI is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEGI is cheaper with a 0.39% expense ratio, compared with 0.89% for METL.
VEGI has the higher dividend yield at 1.94%, compared with 1.04% for METL.
They also come from different issuers: Sprott and iShares. Their fees differ too: 0.89% for METL and 0.39% for VEGI.
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