SLVR vs. METL
SLVR (Sprott Silver Miners & Physical Silver ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - SLVR is a Silver fund tracking the Nasdaq Sprott Silver Miners™ Index, while METL is a Natural Resources fund actively managed by Sprott. SLVR is passively managed, while METL is actively managed. Their correlation of 0.86 means they have usually moved in the same direction. SLVR charges 0.65%/yr vs 0.89%/yr for METL.
Performance
SLVR vs. METL - Performance Comparison
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Returns By Period
In the year-to-date period, SLVR achieves a -14.48% return, which is significantly lower than METL's -4.20% return.
SLVR
- 1D
- -2.79%
- 1M
- -8.51%
- 6M
- -24.99%
- YTD
- -14.48%
- 1Y
- 64.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 72.90%
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $253.61K | $342.11K | $593.78K | |
| $4.41M | $4.75M | $8.71M |
SLVR vs. METL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLVR Sprott Silver Miners & Physical Silver ETF | -14.48% | 60.84% |
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
Correlation
The correlation between SLVR and METL is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.86 |
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Return for Risk
SLVR vs. METL — Risk / Return Rank
SLVR
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLVR vs. METL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Silver Miners & Physical Silver ETF (SLVR) 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.
| SLVR | METL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | — | — |
| Martin ratioReturn relative to average drawdown | 2.95 | — | — |
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Drawdowns
SLVR vs. METL - Drawdown Comparison
The maximum SLVR drawdown since its inception was -43.70%, which is greater than METL's maximum drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for SLVR and METL.
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Drawdown Indicators
| SLVR | METL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -28.80% | -14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -43.70% | — | — |
Current DrawdownCurrent decline from peak | -42.75% | -27.36% | -15.39% |
Average DrawdownAverage peak-to-trough decline | -12.30% | -10.66% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.92% | — | — |
Volatility
SLVR vs. METL - Volatility Comparison
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Volatility by Period
| SLVR | METL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 52.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 64.91% | 43.84% | +21.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.41% | 43.84% | +14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.41% | 43.84% | +14.57% |
SLVR vs. METL - Expense Ratio Comparison
SLVR has a 0.65% expense ratio, which is lower than METL's 0.89% expense ratio.
Dividends
SLVR vs. METL - Dividend Comparison
SLVR's dividend yield for the trailing twelve months is around 4.31%, more than METL's 1.04% yield.
| Position | TTM | 2025 |
|---|---|---|
METL Sprott Active Metals & Miners ETF | 1.04% | 0.99% |
SLVR Sprott Silver Miners & Physical Silver ETF | 4.31% | 3.68% |
Frequently Asked Questions
SLVR and METL have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR is cheaper with a 0.65% expense ratio, compared with 0.89% for METL.
SLVR has the higher dividend yield at 4.31%, compared with 1.04% for METL.
SLVR is categorized as Silver, while METL is Natural Resources. Their fees differ too: 0.65% for SLVR and 0.89% for METL.
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