NXG vs. METL

Last updated Jun 4, 2026

NXG (NXG NextGen Infrastructure Income Fund) and METL (Sprott Active Metals & Miners ETF) are both funds - NXG is a Global Equity Income fund actively managed by NXG, while METL is a Commodity Producers Equities fund actively managed by Sprott. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. NXG charges 1.00%/yr vs 0.89%/yr for METL.

Performance

NXG vs. METL - Performance Comparison

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

Returns By Period

In the year-to-date period, NXG achieves a 24.20% return, which is significantly higher than METL's 18.34% return.

NXG

• 1D: 1.05%
• 1M: 4.62%
• YTD: 24.20%
• 6M: 24.75%
• 1Y: 39.68%
• 3Y*: 35.01%
• 5Y*: —
• 10Y*: —

METL

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

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

NXG vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
NXG NXG NextGen Infrastructure Income Fund	24.20%	11.29%
METL Sprott Active Metals & Miners ETF	18.34%	27.04%

Correlation

The correlation between NXG and METL is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.27

Return for Risk

NXG vs. METL — Risk / Return Rank

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

NXG

NXG Risk / Return Rank: 48
NXG Sharpe Ratio Rank: 50
NXG Sortino Ratio Rank: 43
NXG Omega Ratio Rank: 47
NXG Calmar Ratio Rank: 62
NXG Martin Ratio Rank: 38

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.

NXG vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NXG NextGen Infrastructure Income Fund (NXG) and Sprott Active Metals & Miners ETF (METL). 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.

	NXG	METL	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.02	—	—
Martin ratio: Return relative to average drawdown	8.32	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NXG	METL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.72	-0.72

Drawdowns

NXG vs. METL - Drawdown Comparison

The maximum NXG drawdown since its inception was -26.14%, roughly equal to the maximum METL drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for NXG and METL.

Drawdown Indicators

	NXG	METL	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-27.39%	+1.25%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.14%	—	—
Current Drawdown Current decline from peak	-0.28%	-10.27%	+9.99%
Average Drawdown Average peak-to-trough decline	-6.60%	-8.11%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	—	—

Volatility

Volatility by Period

	NXG	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	43.94%	-24.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.88%	43.94%	-17.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.88%	43.94%	-17.06%

NXG vs. METL - Expense Ratio Comparison

NXG has a 1.00% expense ratio, which is higher than METL's 0.89% expense ratio.

Dividends

NXG vs. METL - Dividend Comparison

NXG's dividend yield for the trailing twelve months is around 10.86%, more than METL's 0.84% yield.

Position	TTM	2025	2024	2023	2022
METL Sprott Active Metals & Miners ETF	0.84%	0.99%	0.00%	0.00%	0.00%
NXG NXG NextGen Infrastructure Income Fund	10.86%	12.83%	14.15%	12.00%	1.11%

Frequently Asked Questions

Can I hold both NXG and METL in my portfolio?

NXG and METL have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.