SETM vs. SGDJ

Last updated Aug 2, 2026

SETM (Sprott Critical Materials ETF) and SGDJ (Sprott Junior Gold Miners ETF) are both exchange-traded funds - SETM is a Materials fund tracking the Nasdaq Sprott Critical Materials Index, while SGDJ is a Gold fund tracking the Solactive Junior Gold Miners Custom Factors Index. Both are passively managed. Over the past 3 years, SETM returned 18.39%/yr vs 44.64%/yr for SGDJ. Their 0.62 correlation means they have sometimes moved together and sometimes differently. SETM charges 0.65%/yr vs 0.50%/yr for SGDJ.

Performance

SETM vs. SGDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Critical Materials ETF (SETM) and Sprott Junior Gold Miners ETF (SGDJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SETM achieves a -1.66% return, which is significantly higher than SGDJ's -13.16% return.

SETM

• 1D: -2.30%
• 1M: -8.93%
• 6M: -18.02%
• YTD: -1.66%
• 1Y: 55.17%
• 3Y*: 18.39%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.18%

SGDJ

• 1D: -3.30%
• 1M: -6.88%
• 6M: -20.87%
• YTD: -13.16%
• 1Y: 63.65%
• 3Y*: 44.64%
• 5Y*: 15.51%
• 10Y*: 7.27%
• ALL TIME*: 13.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SETM Sprott Critical Materials ETF	$3.56M	$4.68M	$7.65M
SGDJ Sprott Junior Gold Miners ETF	$3.18M	$3.46M	$5.06M

SETM vs. SGDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SETM Sprott Critical Materials ETF	-1.66%	95.27%	-13.24%	-13.11%
SGDJ Sprott Junior Gold Miners ETF	-13.16%	174.44%	19.35%	-5.59%

Correlation

The correlation between SETM and SGDJ is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.62

The correlation between SETM and SGDJ shifts across timeframes, from 0.62 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.

SETM vs. SGDJ - Sectors Allocation Comparison

Sectors	SETM	SGDJ
Basic Materials	74.1%	100.0%
Energy	25.1%	-
Industrials	0.8%	-
Technology	0.1%	-
Consumer Defensive	0.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SETM vs. SGDJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SETM

SETM Risk / Return Rank: 49
SETM Sharpe Ratio Rank: 50
SETM Sortino Ratio Rank: 48
SETM Omega Ratio Rank: 48
SETM Calmar Ratio Rank: 54
SETM Martin Ratio Rank: 43

SGDJ

SGDJ Risk / Return Rank: 48
SGDJ Sharpe Ratio Rank: 54
SGDJ Sortino Ratio Rank: 48
SGDJ Omega Ratio Rank: 51
SGDJ Calmar Ratio Rank: 49
SGDJ Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SETM vs. SGDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Critical Materials ETF (SETM) and Sprott Junior Gold Miners ETF (SGDJ). 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	SGDJ	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.28	-0.06
Sortino ratio: Return per unit of downside risk	1.71	1.70	+0.01
Omega ratio: Gain probability vs. loss probability	1.22	1.23	-0.01
Calmar ratio: Return relative to maximum drawdown	1.91	1.77	+0.14
Martin ratio: Return relative to average drawdown	4.72	3.70	+1.02

SETM vs. SGDJ - Sharpe Ratio Comparison

The current SETM Sharpe Ratio is 1.23, which is comparable to the SGDJ Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of SETM and SGDJ, 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. SGDJ - Drawdown Comparison

The maximum SETM drawdown since its inception was -42.81%, smaller than the maximum SGDJ drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for SETM and SGDJ.

Drawdown Indicators

	SETM	SGDJ	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-59.27%	+16.46%
Max Drawdown (1Y) Largest decline over 1 year	-30.05%	-37.98%	+7.93%
Max Drawdown (3Y) Largest decline over 3 years	-42.81%	-37.98%	-4.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-52.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.20%	—
Current Drawdown Current decline from peak	-28.34%	-36.68%	+8.34%
Average Drawdown Average peak-to-trough decline	-15.34%	-26.33%	+10.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.14%	18.10%	-5.96%

Volatility

SETM vs. SGDJ - Volatility Comparison

The current volatility for Sprott Critical Materials ETF (SETM) is 12.15%, while Sprott Junior Gold Miners ETF (SGDJ) has a volatility of 14.35%. This indicates that SETM experiences smaller price fluctuations and is considered to be less risky than SGDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SETM	SGDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.15%	14.35%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	37.35%	42.31%	-4.96%
Volatility (1Y) Calculated over the trailing 1-year period	46.79%	52.29%	-5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.25%	41.27%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.25%	40.90%	-3.65%

SETM vs. SGDJ - Expense Ratio Comparison

SETM has a 0.65% expense ratio, which is higher than SGDJ's 0.50% expense ratio.

Dividends

SETM vs. SGDJ - Dividend Comparison

SETM's dividend yield for the trailing twelve months is around 1.59%, less than SGDJ's 9.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SETM Sprott Critical Materials ETF	1.59%	1.56%	2.07%	2.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGDJ Sprott Junior Gold Miners ETF	9.64%	8.37%	6.55%	4.55%	2.46%	2.20%	1.97%	0.65%	0.00%	0.14%	1.77%	0.85%

Frequently Asked Questions

Can I hold both SETM and SGDJ in my portfolio?

SETM and SGDJ have a correlation of 0.73, 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 SGDJ?

SGDJ has higher volatility (14.35%) compared to SETM (12.15%). In terms of maximum drawdown, SETM dropped -42.81% vs SGDJ's -59.27%.

Which ETF is better, SETM or SGDJ?

On 3-year performance, SGDJ leads with 44.64% vs 18.39% for SETM. On fees, SGDJ is cheaper at 0.50% per year. On volatility, SETM has been the lower-risk option at 12.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SETM or SGDJ?

Over the 3-year period, SGDJ has performed better with a 44.64% return vs 18.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SETM or SGDJ?

SGDJ is cheaper with a 0.50% expense ratio, compared with 0.65% for SETM.

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

SGDJ has the higher dividend yield at 9.64%, compared with 1.59% for SETM.

What is the main difference between SETM and SGDJ?

SETM is categorized as Materials, while SGDJ is Gold. SETM tracks Nasdaq Sprott Critical Materials Index, while SGDJ tracks Solactive Junior Gold Miners Custom Factors Index. Their fees differ too: 0.65% for SETM and 0.50% for SGDJ.

Which has better risk-adjusted returns?

SGDJ currently has the higher Sharpe Ratio (1.28 vs 1.23), 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.