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METL

GradeFNASDAQ Global Select

Sprott Active Metals & Miners ETF

Sectors · Sprott · Inception 2025-09-09

$26.86−0.92 (−3.31%)

As of Sep 23, 2026, 2:15 PM EDT

History starts Sep 10, 2025.
Intraday session: down, 34 prints from 27.78 to 26.86. Range 26.67 to 27.09. Use the arrow keys to read each point.$26.70$26.80$27.00$27.1010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$85M
1Y return
+30.2%
Yield · Last 12 months
Data unavailable
Holdings
45
Volume · 30D
0M sh
NAV per share
$26.93
52W range
low $20.45high $34.46

The ETF.net METL Grade

F

18/ 100

Rank 13 of 14 in Materials (Broad)⁠

Confidence Medium

Six-pillar profile for METL. Scores out of 100: Cost 1, Risk 16, Mission not scored, Tradability 19, Holdings 74, Durability 27. Strongest: Holdings (74). Weakest: Cost (1). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 18 of 100 sits in the F 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 1
    Category rank14/14 · 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.
    FScore 16
    Category rank13/13 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 19
    Category rank14/14 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 74
    Category rank3/14 · top 21%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 27
    Category rank13/14 · bottom quartile

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

Our read on METL

ETF.net Research

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.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01A concentrated book of roughly 40 global metals and miners, picked by a manager rather than inherited from a broad materials index.
  2. 02The mandate is global, so the manager can own miners listed outside the US, unlike domestic-only materials funds such as IYM.
  3. 03Ordinary plumbing: a 1940 Act fund holding stocks, not futures or partnerships. That means 1099 reporting and no K-1 at tax time.

Worth knowing

  1. 010.99% 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.
  2. 02Launched in 2025, so there is no full mining cycle on the record yet to judge the manager's calls against.
  3. 03Trades lightly next to the category's heavyweights, which tends to mean wider spreads. Distributions land once or twice a year, not monthly.

METL Holdings

As of Sep 20, 2026, 8:58 AM
Asset class
Stocks
Holdings
45
Top-10 weight
38%
Largest holding
HBM.TO4.3%

Geography

  • Canada47.71%
  • United States22.09%
  • Australia12.84%
  • Peru3.63%
  • Spain3.47%
  • Switzerland2.99%
  • Chile2.65%
  • Virgin Islands (British)1.94%
  • Other countries (2)2.68%

Developed 87% · Emerging 13% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001HBM.TOHudbay Minerals Inc.4.28%135,133$4M59
002NUENucor Corp.4.25%14,577$4M340
003EXKEndeavour Silver Corp.4.04%336,597$3M19
004MDI.TOMajor Drilling Group International Inc.4.01%292,944$3M17
005NXE.TONexGen Energy Ltd.3.64%330,974$3M34
006BVNCia de Minas Buenaventura SAA3.61%89,506$3M74
007CCJCameco Corp.3.57%33,139$3M49
008STLDSteel Dynamics Inc.3.48%12,593$3M316
009ATYM.LATALAYA MINING COPPER SA3.45%217,174$3M26
010VZLA.TOVizsla Silver Corp.3.36%701,617$3M32
011RSReliance Inc.3.24%7,060$3M233
012DNNDenison Mines Corp.3.18%946,305$3M10
013IVN.TOIvanhoe Mines Ltd.3.13%310,889$3M66
014PAASPan American Silver Corp.3.06%52,080$3M30
015PDN.AXPaladin Energy Ltd.2.99%363,116$3M49

Showing 1–15 of 46 holdings

METL Performance

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

METL$13,019
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. METL $13,019. SPY $11,723. Use the arrow keys to read each point.$9,044$12,576$16,107Sep 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 METL. Periods over one year show the average yearly return.
PeriodMETL
Year to date+9.9%
1 month−5.0%
3 months−0.2%
1 year+30.2%
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 METL
YearReturn barMETL
2026 YTD+9.9%
2025+27.0%

History from Sep 10, 2025

METL in the news

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

METL 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
$0.25 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 $0.25. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 22, 2025$0.25

METL Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.
—
No data available
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.
−28.8%
12 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.
1.47
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.

METL Cost

Expense ratio0.99%
  • The middle half of Materials (Broad) funds
  • Median 0.37%

Every other Materials (Broad) fund charges less.

METL costs $99.00 a year on $10,000. The median Materials (Broad) fund costs $37.00.