SETM vs. REMX

Last updated Jun 24, 2026

SETM (Sprott Critical Materials ETF) and REMX (VanEck Rare Earth and Strategic Metals ETF) are both exchange-traded funds - SETM is a Materials fund tracking the Nasdaq Sprott Critical Materials Index, while REMX is a Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 3 years, SETM returned 25.14%/yr vs 5.61%/yr for REMX. Their correlation of 0.83 suggests significant overlap in exposure. SETM charges 0.65%/yr vs 0.59%/yr for REMX.

Performance

SETM vs. REMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Critical Materials ETF (SETM) and VanEck Rare Earth and Strategic Metals ETF (REMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SETM achieves a 11.16% return, which is significantly lower than REMX's 24.22% return.

SETM

• 1D: -4.08%
• 1M: -8.14%
• YTD: 11.16%
• 6M: 8.97%
• 1Y: 95.17%
• 3Y*: 25.14%
• 5Y*: —
• 10Y*: —

REMX

• 1D: -5.62%
• 1M: -5.16%
• YTD: 24.22%
• 6M: 22.61%
• 1Y: 139.49%
• 3Y*: 5.61%
• 5Y*: 4.37%
• 10Y*: 10.09%

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

SETM vs. REMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SETM Sprott Critical Materials ETF	11.16%	95.27%	-13.24%	-13.11%
REMX VanEck Rare Earth and Strategic Metals ETF	24.22%	92.95%	-35.02%	-36.86%

Correlation

The correlation between SETM and REMX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.83

The correlation between SETM and REMX has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

SETM vs. REMX - Sectors Allocation Comparison

Sectors	SETM	REMX
Basic Materials	76.0%	100.0%
Energy	22.9%	-
Industrials	1.0%	-
Technology	0.1%	-
Consumer Defensive	0.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SETM vs. REMX — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 61
SETM Sharpe Ratio Rank: 66
SETM Sortino Ratio Rank: 51
SETM Omega Ratio Rank: 53
SETM Calmar Ratio Rank: 75
SETM Martin Ratio Rank: 62

REMX

REMX Risk / Return Rank: 80
REMX Sharpe Ratio Rank: 88
REMX Sortino Ratio Rank: 72
REMX Omega Ratio Rank: 67
REMX Calmar Ratio Rank: 93
REMX Martin Ratio Rank: 82

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. REMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Critical Materials ETF (SETM) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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.

	SETM	REMX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.81	-0.76
Sortino ratio: Return per unit of downside risk	2.41	3.10	-0.69
Omega ratio: Gain probability vs. loss probability	1.32	1.38	-0.07
Calmar ratio: Return relative to maximum drawdown	3.70	6.01	-2.31
Martin ratio: Return relative to average drawdown	10.56	15.83	-5.27

SETM vs. REMX - Sharpe Ratio Comparison

The current SETM Sharpe Ratio is 2.05, which is comparable to the REMX Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of SETM and REMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SETM vs. REMX - Drawdown Comparison

The maximum SETM drawdown since its inception was -42.81%, smaller than the maximum REMX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for SETM and REMX.

Drawdown Indicators

	SETM	REMX	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-90.20%	+47.39%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-23.35%	-2.50%
Max Drawdown (3Y) Largest decline over 3 years	-42.81%	-62.11%	+19.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-73.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.34%	—
Current Drawdown Current decline from peak	-19.00%	-57.95%	+38.95%
Average Drawdown Average peak-to-trough decline	-15.03%	-66.82%	+51.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.04%	8.85%	+0.19%

Volatility

SETM vs. REMX - Volatility Comparison

Sprott Critical Materials ETF (SETM) and VanEck Rare Earth and Strategic Metals ETF (REMX) have volatilities of 17.16% and 16.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SETM	REMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.16%	16.71%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	37.55%	37.35%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	46.69%	49.97%	-3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.23%	40.71%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.23%	37.16%	+0.07%

SETM vs. REMX - Expense Ratio Comparison

SETM has a 0.65% expense ratio, which is higher than REMX's 0.59% expense ratio.

Dividends

SETM vs. REMX - Dividend Comparison

SETM's dividend yield for the trailing twelve months is around 1.41%, which matches REMX's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REMX VanEck Rare Earth and Strategic Metals ETF	1.42%	1.76%	2.56%	0.00%	1.56%	5.25%	0.81%	1.64%	12.43%	2.89%	2.23%	4.77%
SETM Sprott Critical Materials ETF	1.41%	1.56%	2.07%	2.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SETM and REMX in my portfolio?

SETM and REMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SETM or REMX?

SETM has higher volatility (17.16%) compared to REMX (16.71%). In terms of maximum drawdown, SETM dropped -42.81% vs REMX's -90.20%.

Which ETF is better, SETM or REMX?

On 3-year performance, SETM leads with 25.14% vs 5.61% for REMX. On fees, REMX is cheaper at 0.59% per year. On volatility, REMX has been the lower-risk option at 16.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SETM or REMX?

Over the 3-year period, SETM has performed better with a 25.14% return vs 5.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SETM or REMX?

REMX is cheaper with a 0.59% expense ratio, compared with 0.65% for SETM.

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

REMX has the higher dividend yield at 1.42%, compared with 1.41% for SETM.

What is the main difference between SETM and REMX?

SETM is categorized as Materials, while REMX is Rare Earth & Strategic Metals. SETM tracks Nasdaq Sprott Critical Materials Index, while REMX tracks MarketVector Global Rare Earth/Strategic Metals Index. They also come from different issuers: Sprott and VanEck. Their fees differ too: 0.65% for SETM and 0.59% for REMX.

Which has better risk-adjusted returns?

REMX currently has the higher Sharpe Ratio (2.81 vs 2.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.