REXC vs. SETM

Last updated Jun 4, 2026

REXC (Sprott Rare Earths Ex-China ETF) and SETM (Sprott Energy Transition Materials ETF) are both Energy Equities funds from Sprott - REXC tracks the Nasdaq Sprott Rare Earths Ex-China Index while SETM tracks the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.65% expense ratio.

Performance

REXC vs. SETM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Rare Earths Ex-China ETF (REXC) and Sprott Energy Transition Materials ETF (SETM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

REXC

• 1D: -4.49%
• 1M: 2.64%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETM

• 1D: -4.09%
• 1M: 2.39%
• YTD: 27.22%
• 6M: 33.66%
• 1Y: 144.21%
• 3Y*: 30.90%
• 5Y*: —
• 10Y*: —

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

REXC vs. SETM - Yearly Performance Comparison

	2026 (YTD)
REXC Sprott Rare Earths Ex-China ETF	7.90%
SETM Sprott Energy Transition Materials ETF	-0.89%

Correlation

The correlation between REXC and SETM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 16, 2026	0.90

Return for Risk

REXC vs. SETM — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 82
SETM Sharpe Ratio Rank: 91
SETM Sortino Ratio Rank: 71
SETM Omega Ratio Rank: 72
SETM Calmar Ratio Rank: 90
SETM Martin Ratio Rank: 84

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.

REXC vs. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Rare Earths Ex-China ETF (REXC) and Sprott Energy Transition 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	REXC	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	0.59	+0.96

Drawdowns

REXC vs. SETM - Drawdown Comparison

The maximum REXC drawdown since its inception was -16.41%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for REXC and SETM.

Drawdown Indicators

	REXC	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-16.41%	-42.81%	+26.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.81%	—
Current Drawdown Current decline from peak	-4.86%	-7.30%	+2.44%
Average Drawdown Average peak-to-trough decline	-4.74%	-14.26%	+9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.31%	—

Volatility

Volatility by Period

	REXC	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.48%	44.71%	+4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.48%	36.57%	+12.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.48%	36.57%	+12.91%

REXC vs. SETM - Expense Ratio Comparison

Both REXC and SETM have an expense ratio of 0.65%.

Dividends

REXC vs. SETM - Dividend Comparison

REXC has not paid dividends to shareholders, while SETM's dividend yield for the trailing twelve months is around 1.23%.

Position	TTM	2025	2024	2023
REXC Sprott Rare Earths Ex-China ETF	0.00%	0.00%	0.00%	0.00%
SETM Sprott Energy Transition Materials ETF	1.23%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both REXC and SETM in my portfolio?

With a correlation of 0.90, REXC 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.

Which ETF is better, REXC or SETM?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, REXC or SETM?

REXC and SETM have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, REXC or SETM?

SETM has the higher dividend yield at 1.23%, compared with 0.00% for REXC.

What is the main difference between REXC and SETM?

REXC tracks Nasdaq Sprott Rare Earths Ex-China Index, while SETM tracks Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross.