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Launched

Sprott Active Gold & Silver Miners ETF

GBUGNasdaqSprottD

$40.51+1.02 (+2.59%)

At close: Nov 2, 2026, 4:00 PM ET

D34/ 100

Rank 17 of 18 in Precious Metals Miners

D34/100Rank 17 of 18inPrecious Metals Miners
Intraday session: up, 79 prints from 39.48 to 40.51. Range 40.44 to 41.35. Use the arrow keys to read each point.40.0041.0010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$146M
1Y total return
+11.4%
Yield · Last 12 months
No data
Holdings
44
Avg volume · 30D
31.8K sh
52W range
low $33.93high $59.02
Launched

The ETF.net GBUG Grade

Based on 5 of 6 pillars

D

Score 34 out of 100

Category
Precious Metals Miners⁠
Rank
17 of 18
Six-pillar profile for GBUG. Scores out of 100: Cost 6, Risk 61, Mission not scored, Tradability 34, Holdings 82, Durability 31. Strongest: Holdings (82). Weakest: Cost (6). Based on 5 of 6 pillars.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F6 out of 100
    Rank 17 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 7 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D34 out of 100
    Rank 11 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A82 out of 100
    Rank 4 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D31 out of 100
    Rank 13 of 18

Our read on GBUG

ETF.net Research

In short

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

  • Actively 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.
  • The mandate covers the whole chain: exploration, development, mining, royalty and streaming companies, not just the big producers.
  • Roughly 50 holdings from a firm whose entire business is precious metals, so each pick carries real weight in the portfolio.

Worth knowing

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

GBUG Performance

Launched Feb 19, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.
GBUG$11,139
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GBUG $11,139. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−9.6%
1 month−15.5%
3 months+2.1%
1 year+11.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−9.6%
2025+118.9%

History from Feb 20, 2025

GBUG in the news

GBUG Dividends

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

$10,000 in GBUG 1 year ago paid $189 in dividends.

GBUG Risk

Risk pillarB61 out of 100Rank 7 of 18 in Precious Metals Miners
How much the fund’s monthly returns vary, scaled to a year.
50.9%
Annualised · 20 months to Oct 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.
1.06
vs 3-month T-bills · 20 months to Oct 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%
20 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.

FMP measures it over up to five years of monthly returns.

GBUG Cost

Compare GBUG and AUMI

Overpaying vs AUMI, tied cheapest in Precious Metals Miners

$9,914

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GBUG 0.90%

    $17,040

  • AUMI 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • GBUG 0.90%
  • AUMI 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GBUG $17,040AUMI $7,126

Year by year

YearGBUGAUMIOverpaying
10$1,593$634$959
20$6,015$2,454$3,561
30$17,040$7,126$9,914

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