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GBUG

GradeDNASDAQ

Sprott Active Gold & Silver Miners ETF

Themes · Sprott · Inception 2025-02-19

$49.24−2.26 (−4.39%)

As of Sep 23, 2026, 2:22 PM EDT

History starts Feb 20, 2025.
Intraday session: down, 48 prints from 51.50 to 49.24. Range 48.89 to 50.51. Use the arrow keys to read each point.$49.00$49.50$50.00$50.5010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$192M
1Y return
+43.4%
Yield · Last 12 months
Data unavailable
Holdings
44
Volume · 30D
0M sh
NAV per share
$50.01
52W range
low $33.93high $59.02

The ETF.net GBUG Grade

D

33/ 100

Rank 16 of 18 in Precious Metals Miners⁠

Confidence Medium

Six-pillar profile for GBUG. Scores out of 100: Cost 6, Risk 57, Mission not scored, Tradability 35, Holdings 80, Durability 32. Strongest: Holdings (80). Weakest: Cost (6). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 6
    Category rank17/18 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 57
    Category rank8/17 · top 47%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 35
    Category rank12/18 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 80
    Category rank4/18 · top 22%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 32
    Category rank13/18 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on GBUG

ETF.net Research

DSprott is a precious-metals house first, an ETF shop second. GBUG is its stock-picker answer to index miner funds: an actively managed, value-oriented and contrarian book of roughly 50 gold and silver miners, explorers and royalty names.

Stated mandate

The ETF is actively managed and seeks long-term capital appreciation by investing in shares of companies focused on gold and silver exploration, development, mining, royalty, and streaming activities.

Why people hold it

  1. 01Actively managed on a value-oriented, contrarian screen, so the book can lean toward beaten-up miners instead of whatever the market-cap index says is biggest.
  2. 02The mandate covers the whole chain: exploration, development, mining, royalty and streaming companies, not just the big producers.
  3. 03Roughly 50 holdings from a firm whose entire business is precious metals, so each pick carries real weight in the portfolio.

Worth knowing

  1. 01Charges 0.90% a year, above the typical fund in the miners group; index rivals like GDX and RING run meaningfully cheaper.
  2. 02Launched in 2025, so the manager's record in this wrapper is short and any read on its risk profile rests on limited history.
  3. 03Thinly traded with a modest asset base, so spreads can run wider than the household-name miner ETFs.

GBUG Holdings

As of Sep 20, 2026, 8:58 AM
Asset class
Stocks
Holdings
44
Top-10 weight
40%
Largest holding
DPM.TO5.1%

Geography

  • Canada64.38%
  • Australia18.29%
  • United States14.37%
  • South Africa1.81%
  • Peru1.16%

Developed 97% · Emerging 3% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001DPM.TODPM Metals Inc.5.07%224,085$10M60
002GMIN.TOG Mining Ventures Corp.4.74%245,277$9M43
003DSV.TODiscovery Mining Ltd.4.36%953,914$8M42
004—Cash Equivalent4.16%7,971,019$8M15
005IAGIAMGOLD Corp.3.98%374,480$8M37
006EGOEldorado Gold Corp.3.83%169,585$7M20
007MAU.TOMontage Gold Corp.3.83%485,507$7M34
008CDECoeur Mining Inc.3.66%354,732$7M206
009WDO.TOWesdome Gold Mines Ltd.3.65%274,535$7M49
010NEMNewmont Corp.3.18%49,410$6M428
011WPMWheaton Precious Metals Corp.3.17%40,181$6M39
012EMR.AXEmerald Resources NL3.04%1,157,253$6M49
013AEM.TOAgnico Eagle Mines Ltd.3.03%29,098$6M106
014EQX.TOEquinox Gold Corp.3.02%462,351$6M62
015OGC.TOOceanaGold Corp.3.00%199,684$6M51

Showing 1–15 of 45 holdings

GBUG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GBUG$14,335
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GBUG $14,335. SPY $11,723. Use the arrow keys to read each point.$8,998$12,863$16,728Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GBUG. Periods over one year show the average yearly return.
PeriodGBUG
Year to date+17.9%
1 month−3.4%
3 months+24.2%
1 year+43.4%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GBUG
YearReturn barGBUG
2026 YTD+17.9%
2025+118.9%

History from Feb 20, 2025

GBUG in the news

ETF.net Research hasn’t filed on GBUG yet — coverage lands here as it’s written.

GBUG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.68 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 18, 2025 $0.68. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 22, 2025$0.68

GBUG Risk

How much the fund’s monthly returns vary, scaled to a year.
49.3%
Annualised · 18 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.56
vs 3-month T-bills · 18 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−37.4%
19 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GBUG Cost

Expense ratio0.90%
  • The middle half of Precious Metals Miners funds
  • Median 0.52%

16 of the 18 Precious Metals Miners funds charge less.

GBUG costs $90.00 a year on $10,000. The median Precious Metals Miners fund costs $51.50.