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Launched

Sprott Critical Materials ETF

SETMNasdaqSprottC

$24.38−0.03 (−0.12%)

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

C56/ 100

Rank 4 of 13 in Critical Materials

C56/100Rank 4 of 13inCritical Materials
Intraday session: down, 79 prints from 24.41 to 24.38. Range 24.36 to 25.29. Use the arrow keys to read each point.24.6024.8025.0025.2010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$418M
1Y total return
−8.3%
Yield · Last 12 months
1.85%
Holdings
157
Avg volume · 30D
157K sh
52W range
low $23.71high $40.55
Launched

The ETF.net SETM Grade

Based on 5 of 6 pillars

C

Score 56 out of 100

Category
Critical Materials⁠
Rank
4 of 13
Six-pillar profile for SETM. Scores out of 100: Cost 38, Risk 51, Mission not scored, Tradability 81, Holdings 80, Durability 64. Strongest: Tradability (81). Weakest: Cost (38). Based on 5 of 6 pillars.

Score 56 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. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.

  • 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 5 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A81 out of 100
    Rank 2 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 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

In short

CMost 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

  • Peers 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.
  • The 0.65% fee lands right at the middle of the critical-materials pack. Breadth here does not carry a premium price tag.
  • Real size for a niche theme, with regular daily volume behind it. That tends to mean easier fills than the thinnest shelves in mining ETFs.
  • Fully 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

  • Mining 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.
  • Miner shares move with commodity prices and government policy, so a single-theme equity basket can swing hard in both directions.
  • Income is not the job here. Distributions arrive annually or semiannually, not on a monthly rhythm.

SETM Holdings

Holdings pillarA80 out of 100Rank 2 of 11 in Critical Materials
Asset class
Stocks
Holdings
157
Top-10 weight
40%
Largest holding
FCX5.5%

Sectors

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

Geography

  • Canada37.58%
  • United States24.07%
  • Australia20.62%
  • Chile3.39%
  • Peru3.13%
  • United Kingdom3.11%
  • China3.09%
  • Indonesia1.70%
  • Other countries (8)3.33%

Developed 82% · Emerging 18% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 11.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1FCXFreeport-McMoRan Inc.5.50%368,375$23M380
2CCJCameco Corp.5.20%282,463$21.7M51
3LYC.AXLynas Rare Earths Ltd.4.97%2,441,975$20.8M90
4KAP.ILNAC Kazatomprom JSC4.27%291,499$17.8M12
5TECKTeck Resources Ltd.3.74%258,093$15.6M34
6ALBAlbemarle Corp.3.49%160,174$14.6M274
7SQMSociedad Quimica y Minera de Chile SA3.25%248,566$13.6M54
8UECUranium Energy Corp.3.25%1,761,593$13.6M93
9PLS.AXPLS Group Ltd.3.20%7,208,426$13.4M104
10MPMP Materials Corp.3.18%335,907$13.3M148
11HLHecla Mining Co.3.12%965,300$13.1M190
12AGFirst Majestic Silver Corp.3.10%910,348$13M21
13NXENexGen Energy Ltd.2.88%1,458,508$12.1M9
14PDN.AXPaladin Energy Ltd.2.65%2,110,481$11.1M50
15ANTO.LAntofagasta PLC2.58%257,796$10.8M122

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$9,169
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. SETM $9,169. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 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 SETM. Periods over one year show the average yearly return.
PeriodSETM
Year to date−15.7%
1 month−16.7%
3 months−14.3%
1 year−8.3%
3 yearsper year+17.1%
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 SETM
YearReturn barSETM
2026 YTD−15.7%
2025+95.3%
2024−13.2%
2023−11.1%

History from Feb 2, 2023

SETM in the news

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 30, 2026.
1.85%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

$10,000 in SETM 3 years ago paid $716 in dividends.

SETM Risk

Risk pillarC51 out of 100Rank 5 of 13 in Critical Materials
How much the fund’s monthly returns vary, scaled to a year.
36.4%
Annualised · 36 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.
0.49
vs 3-month T-bills · 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.
−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.

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

SETM Cost

Compare SETM and ILIT

Overpaying vs ILIT, cheapest in Critical Materials

$3,299

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

  • SETM 0.65%

    $12,717

  • ILIT 0.47% Cheapest

    $9,418

$10,000
30 years

Cost over time

  • SETM 0.65%
  • ILIT 0.47%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SETM $12,717ILIT $9,418

Year by year

YearSETMILITOverpaying
10$1,163$847$316
20$4,440$3,261$1,179
30$12,717$9,418$3,299

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