SETMvsMETLETF Comparison
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Sprott Energy Transition Materials ETF (SETM) belongs to the Alternative Energy segment. Sprott Active Metals & Miners ETF (METL) is part of the Uncategorized Equities segment. Both ETFs have the same top 3 sector exposures: Non-Energy Materials, Energy and Industrials. SETM is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.89% for METL. SETM is up 19.73% year-to-date (YTD) with +$347M in YTD flows. METL performs worse with 15.55% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of SETM and METL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SETM vs METL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SETM METL | +3.91%+3.34% | +6.45%+8.68% | +19.73%+15.55% | +59.30%+47.54% | +105.06%n/a | n/an/a |
| Flows | SETM METL | +$14M- | -$4M-$4M | +$347M+$44M | +$481M+$83M | +$542M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SETM METL | +37.30%+35.21% | +39.21%+37.69% | +31.95%n/a | n/an/a |
| Max drawdown | SETM METL | -21.45%-18.12% | -29.16%-28.15% | -41.59%n/a | n/an/a |
| Max drawdown duration | SETM METL | 70d65d | 224d224d | 427dn/a | n/an/a |
Trading data
SETM | METL | |
Last sale 9/10/2026 at 1:30 PM | $32.68 | $27.98 |
| Previous close 09/10/2026 | $34.56 | $29.15 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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METL
is actively managed and doesn’t replicate an indexSETM | METL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
SETM | METL | |
|---|---|---|
| Last price | $32.68 | $27.98 |
| 1D performance | -5.44% | -4.01% |
| AuM | $629.37 M | $92.00 M |
| E/R | 0.65% | 0.89% |
Characteristics
SETM | METL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Sprott ETFs | Sprott ETFs |
| Benchmark | Nasdaq Sprott Energy Transition Materials Index | - |
| N° of holdings | 158 | 43 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 1, 2023 | September 10, 2025 |
| ESG | Yes | No |
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Exposure
Countries
SETM
Canada
32.5%
USA
22.74%
Australia
20.68%
Other
24.09%
METL
Canada
42.9%
USA
28.28%
Australia
12.13%
Other
16.69%
Sectors
SETM
Non-Energy Materi.
74.36%
Energy
24%
Other
1.63%
METL
Non-Energy Materi.
75.29%
Energy
17.58%
Other
7.13%
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Diversification
SETM
Total weight of top 15 holdings out of 15
54.66%
METL
Total weight of top 15 holdings out of 15
55.96%
Top 15 holdings
Data as of July 31, 2026
SETM
Freeport-McMoRan, Inc.
5.82%
National Atomic Company Kazatomprom JSC
5.35%
Cameco Corp.
4.68%
Lynas Rare Earths Ltd.
4.38%
PLS Group Ltd.
3.84%
Teck Resources Limited
3.60%
Albemarle Corp.
3.50%
Compañía de Minas Buenaventura SAA
3.29%
Uranium Energy Corp.
3.27%
Sociedad Quimica y Minera de Chile SA
3.10%
Antofagasta Plc
2.95%
Paladin Energy Ltd.
2.87%
MP Materials Corp.
2.75%
First Quantum Minerals Ltd.
2.67%
First Majestic Silver Corp.
2.60%
METL
Nucor Corp.
5.40%
Steel Dynamics, Inc.
4.47%
Hudbay Minerals, Inc.
3.98%
Reliance, Inc.
3.93%
NexGen Energy Ltd.
3.93%
Major Drilling Group International, Inc.
3.78%
Cameco Corp.
3.72%
Compañía de Minas Buenaventura SAA
3.52%
Denison Mines Corp.
3.45%
State Street Institutional Treasury Plus Money Market Fund
3.40%
Lundin Mining Corp.
3.37%
Atalaya Mining Copper SA
3.36%
Endeavour Silver Corp.
3.29%
Lithium Argentina AG
3.19%
Lynas Rare Earths Ltd.
3.19%
Frequently asked questions about SETM and METL
How have the SETM and METL ETFs performed in 2026?
As of September 9, 2026, SETM is up 19.73% year-to-date (YTD), while METL has returned 15.55%. That puts SETM better performer ahead so far this year.
Which ETF is attracting more investor money: SETM or METL?
Year-to-date, the SETM ETF saw +$347M in flows, compared to +$44M for METL.
Which ETF is more volatile: SETM or METL?
Over the past year, SETM had a volatility of 39.21%, while METL experienced 37.69%.
Which ETF is bigger: SETM or METL?
As of September 9, 2026, SETM holds $629.37 M in assets under management (AUM), while METL manages $92.00 M.
What sectors do the SETM and METL ETFs invest in?
SETM leans toward sectors like Non-Energy Materials and Energy. Meanwhile, METL focuses on Non-Energy Materials and Energy.
What are the top holdings of the SETM ETF and METL ETF?
SETM top holdings include Freeport-McMoRan, Inc., National Atomic Company Kazatomprom JSC and Cameco Corp.. METL holds in its top three: Nucor Corp., Steel Dynamics, Inc. and Hudbay Minerals, Inc..
Which ETF is more diversified: SETM or METL?
SETM holds 158 securities with 54.66% of its assets in the top 15. METL has 43 securities and a top 15 weight of 55.96%.
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Latest news about SETM & METL
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