SETM vs. BCIM

Last updated Jun 3, 2026

SETM (Sprott Energy Transition Materials ETF) and BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) are both exchange-traded funds - SETM is a Energy Equities fund tracking the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross, while BCIM is a Metals fund tracking the Bloomberg Industrial Metals. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. SETM charges 0.65%/yr vs 0.41%/yr for BCIM.

Performance

SETM vs. BCIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Energy Transition Materials ETF (SETM) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SETM

• 1D: 3.36%
• 1M: 3.81%
• YTD: 32.64%
• 6M: 40.31%
• 1Y: 158.67%
• 3Y*: 32.73%
• 5Y*: —
• 10Y*: —

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SETM vs. BCIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SETM Sprott Energy Transition Materials ETF	32.64%	95.27%	-13.24%	-11.03%
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-14.69%

Correlation

The correlation between SETM and BCIM is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	0.49

Over the past year, the correlation between SETM and BCIM has dropped to 0.23 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

Return for Risk

SETM vs. BCIM — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 86
SETM Sharpe Ratio Rank: 93
SETM Sortino Ratio Rank: 77
SETM Omega Ratio Rank: 79
SETM Calmar Ratio Rank: 92
SETM Martin Ratio Rank: 88

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.

SETM vs. BCIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Energy Transition Materials ETF (SETM) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). 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.

	SETM	BCIM	Difference
Sharpe ratio Return per unit of total volatility	3.59	—	—
Sortino ratio Return per unit of downside risk	3.51	—	—
Omega ratio Gain probability vs. loss probability	1.48	—	—
Calmar ratio Return relative to maximum drawdown	6.22	—	—
Martin ratio Return relative to average drawdown	19.37	—	—
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

	SETM	BCIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	—	—

Drawdowns

Drawdown Indicators

	SETM	BCIM	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	—	—
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	-3.35%	—	—
Average Drawdown Average peak-to-trough decline	-14.27%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.30%	—	—

Volatility

Volatility by Period

	SETM	BCIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.52%	—	—

SETM vs. BCIM - Expense Ratio Comparison

SETM has a 0.65% expense ratio, which is higher than BCIM's 0.41% expense ratio.

Dividends

SETM vs. BCIM - Dividend Comparison

SETM's dividend yield for the trailing twelve months is around 1.18%, less than BCIM's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%
SETM Sprott Energy Transition Materials ETF	1.18%	1.56%	2.07%	2.47%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SETM and BCIM in my portfolio?

SETM and BCIM have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SETM or BCIM?

On fees, BCIM is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SETM or BCIM?

BCIM is cheaper with a 0.41% expense ratio, compared with 0.65% for SETM.

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

BCIM has the higher dividend yield at 3.77%, compared with 1.18% for SETM.

What is the main difference between SETM and BCIM?

SETM is categorized as Energy Equities, while BCIM is Metals. SETM tracks Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross, while BCIM tracks Bloomberg Industrial Metals. They also come from different issuers: Sprott and Aberdeen. Their fees differ too: 0.65% for SETM and 0.41% for BCIM.