XETM.TO vs. SETM

Last updated Jun 4, 2026

XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) and SETM (Sprott Energy Transition Materials ETF) are both exchange-traded funds - XETM.TO is a Materials fund tracking the S&P/TSX Energy Transition Materials Index, while SETM is a Energy Equities fund tracking the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. Both are passively managed. Over the past year, XETM.TO returned 132.04% vs 156.86% for SETM. At a 0.48 correlation, their price movements are largely independent. XETM.TO charges 0.59%/yr vs 0.65%/yr for SETM.

Performance

XETM.TO vs. SETM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) and Sprott Energy Transition Materials ETF (SETM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XETM.TO is traded in CAD, while SETM is traded in USD. To make them comparable, the SETM values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XETM.TO achieves a 27.20% return, which is significantly lower than SETM's 33.79% return.

XETM.TO

• 1D: -4.12%
• 1M: 14.61%
• YTD: 27.20%
• 6M: 37.88%
• 1Y: 132.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETM

• 1D: 0.00%
• 1M: 8.45%
• YTD: 33.79%
• 6M: 38.26%
• 1Y: 156.86%
• 3Y*: 34.09%
• 5Y*: —
• 10Y*: —

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

XETM.TO vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF	27.20%	74.97%	5.16%	-2.24%
SETM Sprott Energy Transition Materials ETF	28.84%	86.32%	-5.79%	-0.66%

Correlation

The correlation between XETM.TO and SETM is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.48

Over the past year, XETM.TO and SETM have become more correlated (0.71) than their long-term average of 0.48, meaning their price movements have been converging.

Return for Risk

XETM.TO vs. SETM — Risk / Return Rank

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

XETM.TO

XETM.TO Risk / Return Rank: 87
XETM.TO Sharpe Ratio Rank: 92
XETM.TO Sortino Ratio Rank: 80
XETM.TO Omega Ratio Rank: 87
XETM.TO Calmar Ratio Rank: 89
XETM.TO Martin Ratio Rank: 86

SETM

SETM Risk / Return Rank: 82
SETM Sharpe Ratio Rank: 91
SETM Sortino Ratio Rank: 71
SETM Omega Ratio Rank: 72
SETM Calmar Ratio Rank: 90
SETM Martin Ratio Rank: 84

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.

XETM.TO vs. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) and Sprott Energy Transition 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.

	XETM.TO	SETM	Difference
Sharpe ratio: Return per unit of total volatility	3.35	3.65	-0.31
Sortino ratio: Return per unit of downside risk	3.62	3.60	+0.02
Omega ratio: Gain probability vs. loss probability	1.54	1.49	+0.05
Calmar ratio: Return relative to maximum drawdown	5.29	6.32	-1.04
Martin ratio: Return relative to average drawdown	18.31	20.04	-1.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XETM.TO vs. SETM - Sharpe Ratio Comparison

The current XETM.TO Sharpe Ratio is 3.35, which is comparable to the SETM Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of XETM.TO 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.

Sharpe Ratios by Period

	XETM.TO	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.35	3.65	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.72	+0.29

Drawdowns

XETM.TO vs. SETM - Drawdown Comparison

The maximum XETM.TO drawdown since its inception was -33.71%, smaller than the maximum SETM drawdown of -40.13%. Use the drawdown chart below to compare losses from any high point for XETM.TO and SETM.

Drawdown Indicators

	XETM.TO	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-33.71%	-40.13%	+6.42%
Max Drawdown (1Y) Largest decline over 1 year	-25.13%	-24.96%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-40.13%	—
Current Drawdown Current decline from peak	-4.12%	-1.32%	-2.80%
Average Drawdown Average peak-to-trough decline	-8.19%	-13.11%	+4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	7.86%	-0.62%

Volatility

XETM.TO vs. SETM - Volatility Comparison

iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) has a higher volatility of 13.89% compared to Sprott Energy Transition Materials ETF (SETM) at 12.66%. This indicates that XETM.TO'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

	XETM.TO	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.89%	12.66%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	31.22%	33.11%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	39.67%	43.20%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.24%	34.42%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.24%	34.42%	+0.82%

XETM.TO vs. SETM - Expense Ratio Comparison

XETM.TO has a 0.59% expense ratio, which is lower than SETM's 0.65% expense ratio.

Dividends

XETM.TO vs. SETM - Dividend Comparison

XETM.TO's dividend yield for the trailing twelve months is around 0.52%, less than SETM's 1.23% yield.

Position	TTM	2025	2024	2023
SETM Sprott Energy Transition Materials ETF	1.23%	1.56%	2.07%	2.47%
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF	0.52%	0.66%	0.69%	0.48%

Frequently Asked Questions

Can I hold both XETM.TO and SETM in my portfolio?

XETM.TO and SETM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XETM.TO or SETM?

On fees, XETM.TO is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XETM.TO or SETM?

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

What is the main difference between XETM.TO and SETM?

XETM.TO is categorized as Materials, while SETM is Energy Equities. XETM.TO tracks S&P/TSX Energy Transition Materials Index, while SETM tracks Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.59% for XETM.TO and 0.65% for SETM.