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Launched

Sprott Critical Materials ETF

SETMNasdaqB

$27.40−0.70 (−2.49%)

At close: Oct 13, 2026, 4:00 PM

B55/ 100

Rank 5 of 13 in Critical Materials

B55/100Rank 5 of 13inCritical Materials
Intraday session: down, 78 prints from 28.10 to 27.40. Range 27.27 to 27.74. Use the arrow keys to read each point.27.6027.8028.0010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$491M
1Y total return
+7.3%
Yield · Last 12 months
1.61%
Holdings
157
Avg volume · 30D
0.2M sh
NAV per share
$28.20
52W range
low $23.71high $40.55
Launched

The ETF.net SETM Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
Critical Materials⁠
Rank
5 of 13
Six-pillar profile for SETM. Scores out of 100: Cost 38, Risk 51, Mission not scored, Tradability 77, Holdings 81, Durability 64. Strongest: Holdings (81). Weakest: Cost (38). Based on 5 of 6 pillars.

Score 55 of 100 falls in the B 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.
    D38 out of 100
    Rank 7 of 13

  • 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.
    C51 out of 100
    Rank 6 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A77 out of 100
    Rank 2 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A81 out of 100
    Rank 2 of 11

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 4 of 13

Our read on SETM

ETF.net Research

BMost funds in this corner pick a lane: lithium, or rare earths. SETM tracks an index built to span the wider critical-materials complex, roughly 160 miners and processors in a single basket.

Stated mandate

SETM seeks to track, before fees and expenses, the total-return performance of the Nasdaq Sprott Critical Materials Index.

Why people hold it

  1. 01Peers narrow to one metal (ILIT for lithium, REMX and EART for rare earths). SETM holds roughly 160 miners and processors across the theme, in one rules-based index.
  2. 02The 0.65% fee lands right at the middle of the critical-materials pack. Breadth here does not carry a premium price tag.
  3. 03Real size for a niche theme, with regular daily volume behind it. That tends to mean easier fills than the thinnest shelves in mining ETFs.
  4. 04Fully index-driven: the fund aims to match the Nasdaq Sprott Critical Materials Index before fees, so the holdings follow a published rulebook rather than a manager's call.

Worth knowing

  1. 01Mining exposure comes cheaper elsewhere in the group: PICK runs 0.39%, REMX 0.53%. The extra basis points buy Sprott's particular definition of critical materials.
  2. 02Miner shares move with commodity prices and government policy, so a single-theme equity basket can swing hard in both directions.
  3. 03Income is not the job here. Distributions arrive annually or semiannually, not on a monthly rhythm.

SETM Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
157
Top-10 weight
39%
Largest holding
FCX5.6%

Sectors

  • Materials75.4%
  • Energy23.4%
  • Industrials1.1%
  • Consumer Staples0.1%

Geography

  • Canada34.07%
  • United States23.02%
  • Australia21.32%
  • Kazakhstan3.86%
  • Chile3.33%
  • Peru2.98%
  • United Kingdom2.74%
  • Indonesia1.88%
  • Other countries (14)6.80%

Developed 78% · Emerging 22% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 11.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001FCXFreeport-McMoRan Inc.5.55%376,843$28M375
002CCJCameco Corp.5.09%288,976$25M54
003LYC.AXLynas Rare Earths Ltd.4.33%2,498,189$22M92
004KAP.ILNAC Kazatomprom JSC3.81%298,207$19M12
005PLS.AXPLS Group Ltd.3.61%7,374,381$18M102
006TECKTeck Resources Ltd.3.59%264,021$18M35
007HLHecla Mining Co.3.37%987,530$17M188
008ALBAlbemarle Corp.3.32%163,879$17M269
009UECUranium Energy Corp.3.31%1,802,153$17M93
010SQMSociedad Quimica y Minera de Chile SA3.25%254,299$16M54
011AGFirst Majestic Silver Corp.3.22%931,296$16M21
012MPMP Materials Corp.3.17%343,629$16M143
013BVNCia de Minas Buenaventura SAA2.70%416,048$14M72
014ANTO.LAntofagasta PLC2.63%263,724$13M124
015NXENexGen Energy Ltd.2.61%1,492,087$13M9

Showing 1–15 of 157 holdings

SETM Performance

Launched Feb 1, 2023

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.
SETM$10,726
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SETM $10,726. SPY $12,044. Use the arrow keys to read each point.$8,562$12,016$15,469Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for SETM. Periods over one year show the average yearly return.
PeriodSETM
Year to date−2.9%
1 month−12.1%
3 months−7.6%
1 year+7.3%
3 yearsper year+20.5%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 SETM
YearReturn barSETM
2026 YTD−2.9%
2025+95.3%
2024−13.2%
2023−11.1%

History from Feb 2, 2023

SETM in the news

Filtered to SETM · Critical Materials

SETM 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 Oct 12, 2026.
1.61%Last 12 months
Payout per share
$0.45Last 12 months
Last payment
$0.45 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 14, 2023 $0.44; Dec 12, 2024 $0.31; Dec 18, 2025 $0.45. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 22, 2025$0.45
Dec 12, 2024Dec 19, 2024$0.31
Dec 14, 2023Dec 21, 2023$0.44

SETM Risk

How much the fund’s monthly returns vary, scaled to a year.
35.5%
Annualised · 36 months to Sep 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.
0.56
vs 3-month T-bills · to Sep 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.
−42.8%
44 months · trough Apr 2025
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.
1.33
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.

SETM Cost

Expense ratio0.65%
  • The middle half of Critical Materials funds
  • Median 0.65%

6 of the 13 Critical Materials funds charge less.

SETM costs $65.00 a year on $10,000. The median Critical Materials fund costs $65.00.

Other funds in Critical Materials

See others