LITP vs SETM

LITPDSprott Lithium Miners ETF

SETMBSprott Critical Materials ETF

In short

LITP Lithium, undiluted. LITP tracks a rules-based Nasdaq Sprott index of roughly 40 lithium miners worldwide, rather than the broad metals grab bag most critical-materials funds hand you.

SETM Most 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

LITP The Fund seeks to track, before fees and expenses, the total return performance of the Nasdaq Sprott Lithium Miners Index.

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

Why people hold it

• LITP One idea, cleanly expressed: a passive Nasdaq Sprott index of about 40 lithium miners globally, with no manager discretion over what gets in.
• The 0.65% fee sits right at the median for critical-materials ETFs, so the narrow focus costs no more than the broad funds in the group.
• Sprott runs it beside the wider SETM at the same 0.65% fee: one shop, two dial settings on critical materials.
• Live since 2023, it is a pure miners basket, tracking the companies that dig lithium out of the ground rather than the whole battery supply chain.

• SETM 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

• LITP One commodity, one step in the chain. Roughly 40 miners tied to the lithium price tend to move as a pack, which makes for a bumpy ride.
• ILIT covers the same lithium-miners lane for 0.47%, and PICK spans global metals and mining for 0.39%. Several peers in this group review more strongly overall.
• A small fund with only moderate trading, and payouts come once or twice a year at most. Spreads and order type matter more here than in a mega-fund.

• SETM 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.

Full LITP profile⁠

Full SETM profile⁠