SGDJ vs. SETM

Last updated Aug 1, 2026

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

Performance

SGDJ vs. SETM - Performance Comparison

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

Returns By Period

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

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%

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%

*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

SGDJ vs. SETM - Yearly Performance Comparison

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

Correlation

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

SGDJ vs. SETM - Sectors Allocation Comparison

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

Return for Risk

SGDJ vs. SETM — Risk / Return Rank

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

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

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

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.

SGDJ vs. SETM - Risk-Adjusted Trends Comparison

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

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	SETM	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.23	+0.06
Sortino ratio: Return per unit of downside risk	1.70	1.71	-0.01
Omega ratio: Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	1.77	1.91	-0.14
Martin ratio: Return relative to average drawdown	3.70	4.72	-1.02

SGDJ vs. SETM - Sharpe Ratio Comparison

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

SGDJ vs. SETM - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

SGDJ vs. SETM - Volatility Comparison

Sprott Junior Gold Miners ETF (SGDJ) has a higher volatility of 14.35% compared to Sprott Critical Materials ETF (SETM) at 12.15%. This indicates that SGDJ's price experiences larger fluctuations and is considered to be riskier than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

SGDJ vs. SETM - Expense Ratio Comparison

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

Dividends

SGDJ vs. SETM - Dividend Comparison

SGDJ's dividend yield for the trailing twelve months is around 9.64%, more than SETM's 1.59% 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 SGDJ and SETM in my portfolio?

SGDJ and SETM 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, SGDJ or SETM?

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

Which ETF is better, SGDJ or SETM?

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, SGDJ or SETM?

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, SGDJ or SETM?

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

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

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

What is the main difference between SGDJ and SETM?

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

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.