Sprott Active Metals & Miners ETF
$24.34−0.50 (−2.00%)
- 0.99%
- $78M
- +10.6%
- 0M sh
- $24.88
- low $20.45high $34.46
The ETF.net METL Grade
F
Score 16 out of 100
- 14 of 14
Score 16 of 100 falls in the F 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.F1 out of 100Rank 14 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F10 out of 100Rank 14 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F13 out of 100Rank 14 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 3 of 14Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D27 out of 100Rank 13 of 14
Our read on METL
FSprott's stock-picking answer to a sector ruled by cheap index trackers: about 40 global metals and mining names chosen by a manager, in a plain ETF wrapper. Active conviction, active price tag.
The Fund seeks long-term capital appreciation.
Why people hold it
- A concentrated book of roughly 40 global metals and miners, picked by a manager rather than inherited from a broad materials index.
- The mandate is global, so the manager can own miners listed outside the US, unlike domestic-only materials funds such as IYM.
- Ordinary plumbing: a 1940 Act fund holding stocks, not futures or partnerships. That means 1099 reporting and no K-1 at tax time.
Worth knowing
- 0.99% a year buys the stock picking. The category's index options (XLB, VAW, FMAT) charge under 0.10%, so the manager starts each year well behind them.
- Launched in 2025, so there is no full mining cycle on the record yet to judge the manager's calls against.
- Trades lightly next to the category's heavyweights, which tends to mean wider spreads. Distributions land once or twice a year, not monthly.
METL Holdings
- Stocks
- 47
- 39%
- NUE
Geography
- Canada47.20%
- United States23.31%
- Australia11.77%
- Spain3.91%
- Peru3.68%
- Switzerland2.93%
- Chile2.68%
- Virgin Islands (British)1.88%
- 2.63%
Developed 87% · Emerging 13%
METL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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METL$11,057
Returns run to the Oct 12, 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.
| Period | METL |
|---|---|
| Year to date | −1.7% |
| 1 month | −9.3% |
| 3 months | −1.4% |
| 1 year | +10.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | METL |
|---|---|---|
| 2026 YTD | −1.7% | |
| 2025 | +27.0% |
METL in the news
METL Dividends
- $0.25 per share
- Irregular
Distribution data unavailable.
Distribution history
METL Risk
- 40.6%
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.
- 0.48
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.
- −28.8%
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.
- 1.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
METL Cost
0.99%
METL0.99%
- The middle half of Materials (Broad) funds
- Median 0.37%
Every other Materials (Broad) fund charges less.
Other funds in Materials (Broad)
- CRSPMInvesco S&P 500 Equal Weight Materials ETFExpense ratio 0.40%1 year return +20.2%
- CTRUMVanEck Materials TruSector ETFExpense ratio 0.15%1 year return —
- DFXZFirst Trust Materials AlphaDEX FundExpense ratio 0.64%1 year return +31.4%
- DSLXVanEck Steel ETFExpense ratio 0.55%1 year return +45.8%
- DWOODiShares Global Timber & Forestry ETFExpense ratio 0.39%1 year return −1.2%