Skip to content
etf.net

SETM

GradeBNASDAQ Global Market

Sprott Critical Materials ETF

Themes · Sprott · Inception 2023-02-01

$31.18−1.13 (−3.48%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Feb 2, 2023.
Intraday session: down, 68 prints from 32.31 to 31.18. Range 30.99 to 31.73. Use the arrow keys to read each point.$31.00$31.40$31.60$31.8010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$568M
1Y return
+35.9%
Yield · Last 12 months
1.40%
Holdings
156
Volume · 30D
0.2M sh
NAV per share
$31.15
52W range
low $23.71high $40.55

The ETF.net SETM Grade

B

56/ 100

Rank 4 of 13 in Critical Materials⁠

Confidence Medium

Six-pillar profile for SETM. Scores out of 100: Cost 38, Risk 52, Mission not scored, Tradability 75, Holdings 83, Durability 64. Strongest: Holdings (83). Weakest: Cost (38). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B 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.
    DScore 38
    Category rank10/13 · 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.
    CScore 52
    Category rank5/13 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 75
    Category rank2/13 · top 15%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 83
    Category rank1/11 · top 9%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank4/13 · top 31%

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

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 Sep 20, 2026, 8:59 AM
Asset class
Stocks
Holdings
156
Top-10 weight
39%
Largest holding
FCX5.0%

Sectors

  • Materials74.4%
  • Energy24.8%
  • Industrials0.7%
  • Cons. Staples0.1%

Geography

  • Canada34.67%
  • United States22.39%
  • Australia21.91%
  • Kazakhstan3.58%
  • Chile3.25%
  • Peru3.02%
  • United Kingdom2.59%
  • Indonesia1.90%
  • Other countries (14)6.69%

Developed 79% · Emerging 21% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 11.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001FCXFreeport-McMoRan Inc.4.98%395,071$28M368
002CCJCameco Corp.4.89%303,004$28M49
003LYC.AXLynas Rare Earths Ltd.4.71%2,619,233$27M92
004PLS.AXPLS Group Ltd.4.04%7,731,633$23M100
005KAP.ILNAC Kazatomprom JSC3.56%312,655$20M12
006HLHecla Mining Co.3.45%1,035,367$20M191
007AGFirst Majestic Silver Corp.3.41%976,404$19M19
008ALBAlbemarle Corp.3.36%171,859$19M266
009UECUranium Energy Corp.3.26%1,889,429$19M93
010TECKTeck Resources Ltd.3.19%276,789$18M31
011SQMSociedad Quimica y Minera de Chile SA3.18%266,647$18M54
012MPMP Materials Corp.3.00%360,261$17M150
013PDN.AXPaladin Energy Ltd.2.79%2,263,655$16M49
014BVNCia de Minas Buenaventura SAA2.64%436,208$15M74
015NXENexGen Energy Ltd.2.57%1,564,375$15M8

Showing 1–15 of 157 holdings

SETM Performance

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

SETM$13,593
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. SETM $13,593. SPY $11,723. Use the arrow keys to read each point.$8,956$13,123$17,290Sep 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 SETM. Periods over one year show the average yearly return.
PeriodSETM
Year to date+11.6%
1 month−8.3%
3 months−3.7%
1 year+35.9%
3 years+24.5%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 SETM
YearReturn barSETM
2026 YTD+11.6%
2025+95.3%
2024−13.2%
2023−11.1%

History from Feb 2, 2023

SETM in the news

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

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 Sep 22, 2026.
1.40%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.
34.0%
Annualised · 36 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.
0.75
vs 3-month T-bills · 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.
−42.8%
43 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.