PICK vs. METL
PICK (iShares MSCI Global Metals & Mining Producers ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index, while METL is a Natural Resources fund actively managed by Sprott. PICK is passively managed, while METL is actively managed. Their correlation of 0.88 means they have usually moved in the same direction. PICK charges 0.39%/yr vs 0.89%/yr for METL.
Performance
PICK vs. METL - Performance Comparison
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Returns By Period
In the year-to-date period, PICK achieves a 16.18% return, which is significantly higher than METL's -4.20% return.
PICK
- 1D
- -0.68%
- 1M
- 2.44%
- 6M
- 2.29%
- YTD
- 16.18%
- 1Y
- 58.79%
- 3Y*
- 15.08%
- 5Y*
- 9.26%
- 10Y*
- 14.91%
- ALL TIME*
- 5.11%
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $253.61K | $342.11K | $593.78K | |
| $52.34M | $45.18M | $51.90M |
PICK vs. METL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PICK iShares MSCI Global Metals & Mining Producers ETF | 16.18% | 25.55% |
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
Correlation
The correlation between PICK and METL is 0.88, 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 | 0.88 |
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Return for Risk
PICK vs. METL — Risk / Return Rank
PICK
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PICK vs. METL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Metals & Mining Producers ETF (PICK) 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.
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.
| PICK | METL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | — | — |
| Martin ratioReturn relative to average drawdown | 8.10 | — | — |
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Drawdowns
PICK vs. METL - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.87%, which is greater than METL's maximum drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for PICK and METL.
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Drawdown Indicators
| PICK | METL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.87% | -28.80% | -40.07% |
Max Drawdown (1Y)Largest decline over 1 year | -19.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -32.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.72% | — | — |
Current DrawdownCurrent decline from peak | -13.47% | -27.36% | +13.89% |
Average DrawdownAverage peak-to-trough decline | -23.99% | -10.66% | -13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | — | — |
Volatility
PICK vs. METL - Volatility Comparison
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Volatility by Period
| PICK | METL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 26.71% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.29% | 43.84% | -13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.11% | 43.84% | -15.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.29% | 43.84% | -15.55% |
PICK vs. METL - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is lower than METL's 0.89% expense ratio.
Dividends
PICK vs. METL - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 2.23%, more than METL's 1.04% 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% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.23% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
PICK and METL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PICK is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PICK is cheaper with a 0.39% expense ratio, compared with 0.89% for METL.
PICK has the higher dividend yield at 2.23%, compared with 1.04% for METL.
PICK is categorized as Metals, while METL is Natural Resources. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.39% for PICK and 0.89% for METL.
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