SGDJ vs. METL

Last updated Jul 17, 2026

SGDJ (Sprott Junior Gold Miners ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - SGDJ is a Gold fund tracking the Solactive Junior Gold Miners Custom Factors Index, while METL is a Natural Resources fund actively managed by Sprott. SGDJ is passively managed, while METL is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. SGDJ charges 0.50%/yr vs 0.89%/yr for METL.

Performance

SGDJ vs. METL - Performance Comparison

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

Returns By Period

In the year-to-date period, SGDJ achieves a -14.35% return, which is significantly lower than METL's -5.03% return.

SGDJ

• 1D: -4.28%
• 1M: -17.48%
• 6M: -22.69%
• YTD: -14.35%
• 1Y: 54.49%
• 3Y*: 40.35%
• 5Y*: 15.58%
• 10Y*: 7.67%

METL

• 1D: -3.81%
• 1M: -17.23%
• 6M: -18.45%
• YTD: -5.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SGDJ vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
SGDJ Sprott Junior Gold Miners ETF	-14.35%	48.72%
METL Sprott Active Metals & Miners ETF	-5.03%	28.19%

Correlation

The correlation between SGDJ and METL 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 (All Time) Calculated using the full available price history since Sep 10, 2025	0.84

Return for Risk

SGDJ vs. METL — Risk / Return Rank

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

SGDJ

SGDJ Risk / Return Rank: 34
SGDJ Sharpe Ratio Rank: 35
SGDJ Sortino Ratio Rank: 33
SGDJ Omega Ratio Rank: 36
SGDJ Calmar Ratio Rank: 34
SGDJ Martin Ratio Rank: 30

METL

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

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.

SGDJ vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Gold Miners ETF (SGDJ) 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.

	SGDJ	METL	Difference
Sharpe ratio: Return per unit of total volatility	1.05	—	—
Sortino ratio: Return per unit of downside risk	1.50	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.46	—	—
Martin ratio: Return relative to average drawdown	3.30	—	—

Drawdowns

SGDJ vs. METL - Drawdown Comparison

The maximum SGDJ drawdown since its inception was -59.27%, which is greater than METL's maximum drawdown of -27.99%. Use the drawdown chart below to compare losses from any high point for SGDJ and METL.

Drawdown Indicators

	SGDJ	METL	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-27.99%	-31.28%
Max Drawdown (1Y) Largest decline over 1 year	-37.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-37.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.27%	—	—
Current Drawdown Current decline from peak	-37.55%	-27.99%	-9.56%
Average Drawdown Average peak-to-trough decline	-26.30%	-9.82%	-16.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.58%	—	—

Volatility

Volatility by Period

	SGDJ	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.06%	44.35%	+7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.18%	44.35%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.01%	44.35%	-3.34%

SGDJ vs. METL - Expense Ratio Comparison

SGDJ has a 0.50% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

SGDJ vs. METL - Dividend Comparison

SGDJ's dividend yield for the trailing twelve months is around 9.78%, more than METL's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
METL Sprott Active Metals & Miners ETF	1.05%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGDJ Sprott Junior Gold Miners ETF	9.78%	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 SGDJ and METL in my portfolio?

SGDJ and METL 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 ETF is better, SGDJ or METL?

On fees, SGDJ is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SGDJ or METL?

SGDJ is cheaper with a 0.50% expense ratio, compared with 0.89% for METL.

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

SGDJ has the higher dividend yield at 9.78%, compared with 1.05% for METL.

What is the main difference between SGDJ and METL?

SGDJ is categorized as Gold, while METL is Natural Resources. Their fees differ too: 0.50% for SGDJ and 0.89% for METL.