PMTL vs SGDM: Grades, Fees and Holdings Compared

FIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETF

PMTLCNYSE Arca

Sprott Gold Miners ETF

SGDMBNYSE Arca

Overlap

23.5%by weight

Expense ratio

SGDM −0.19pt a year

PMTL0.65%SGDM0.46%

Avg volume · 30D

SGDM 18.6×the volume

PMTL1.92KSGDM35.6K

PMTL vs SGDM Performance

Aug 3, 2026 – Nov 3, 2026

−0.5%PMTL+4.3%SGDM

Expense ratio: PMTL 0.65%; SGDM 0.46%, better
Fund size: PMTL $2M; SGDM $581M
1Y total return: PMTL No data; SGDM +14.1%
Yield (12M): PMTL No data; SGDM 1.11%
Holdings: PMTL 78; SGDM 49
Avg volume (30D): PMTL 1.92K sh; SGDM 35.6K sh, better
NAV per share: PMTL $20.79; SGDM $66.52
52W range

ETF.net Grade

Pillar letters and Scores for PMTL, SGDM, with each pillar’s weight
Pillar	PMTL	SGDM
Cost30% weight	D26	B68Higher
Mission25% weight	Not scored	A78
Risk15% weight	A81Higher	B67
Tradability15% weight	F24	B59Higher
Holdings10% weight	A93Higher	A70
Durability5% weight	F20	B60Higher

Rank among Precious Metals Miners funds

How we build Categories ›

Same Category. PMTL and SGDM are both graded against the same 18 Precious Metals Miners funds, so their Grades compare head to head.

Precious Metals Miners⁠

Category · 18 funds

See all 18 ›

SGDM ranks 2nd and PMTL 14th of 18 funds in the Precious Metals Miners Category.

Rank 1BRINGiShares MSCI Global Gold Miners ETFScore 67
Rank 2BGDXVanEck Gold Miners ETFScore 65
Rank 2BSGDMSprott Gold Miners ETFScore 65
Rank 2BSLVPiShares MSCI Global Silver and Metals Miners ETFScore 65
Rank 14CGOEXGlobal X Gold Explorers ETFScore 40
Rank 14CPMTLFIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETFScore 40
Rank 16DSLVRSprott Silver Miners & Physical Silver ETFScore 38

Our read on each fund

ETF.net Research

PMTLCFIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETF

SGDMBSprott Gold Miners ETF

In short

PMTL No data

SGDM SGDM doesn't just rank gold miners by size. It tracks a custom-factors index of roughly 50 larger miners listed in Canada and the US, and charges 0.46%, under its peer group's median fee.

Stated mandate

PMTL No data

SGDM The fund seeks to track, before fees and expenses, the performance of the Solactive Gold Miners Custom Factors Index, which targets larger gold companies listed on Canadian and major U.S. exchanges.

Why people hold it

PMTL No data

SGDM Fee of 0.46% sits under the median for precious-metals miner funds, and under both GDX (0.51%) and GDXJ (0.52%).
Rules-based and named out loud: it follows the Solactive Gold Miners Custom Factors Index (SOLGMCFT), and it has stayed close to that stated mandate.
Running since 2014, a long life for a thematic fund, and it holds about 50 larger gold companies rather than a sprawling list.
Lands in the upper half of the gold and silver miner group in our review, with high confidence in the underlying data.

Worth knowing

PMTL No data

SGDM Thinly traded next to the category's giants, so spreads can be wider and larger orders can push the price around.
The index sticks to Canadian and major US listings, so gold miners quoted only on other exchanges sit outside the portfolio.
One industry, driven by the gold price and how well mines actually run, so the ride is bumpier than a broad stock fund.

Full PMTL profile⁠

Full SGDM profile⁠

PMTL vs SGDM Holdings

How PMTL and SGDM differ

Overlap by weight

23.5%

Shared holdings make up 39.5% of SGDM and 28.2% of PMTL.

Level by level

Holdings15 in both23.5%
Countryby domicile60.4%
Asset classEquity100%
Sector1 Sector100%

Sector

Sector weights in PMTL and SGDM, widest gap first
Sector	More in PMTLMore in SGDM	Gap	PMTL	SGDM
Materials		Same weight	100.0%	100.0%

Country, concentration and asset class

Country by domicile

Country weights in PMTL and SGDM, widest gap first
Country	Gap	PMTL	SGDM
Canada	SGDM +37.4 points	41.6%	79.0%
Australia	PMTL +17.2 points	17.2%	0.0%
South Africa	PMTL +8.2 points	11.9%	3.7%
Hong Kong	PMTL +4.4 points	4.4%	0.0%
China	PMTL +3.9 points	3.9%	0.0%
Mexico	PMTL +3.0 points	3.0%	0.0%
United Kingdom	SGDM +1.5 points	1.8%	3.3%
Colombia	PMTL +1.1 points	1.1%	0.0%
Other countries (4)	PMTL +1.3 points	15.3%	14.0%

Outside the US: PMTL 75% developed, 25% emerging.

Concentration

Weight in the 10 largest Holdings

PMTL36.1%
SGDM55.9%

Securities held

PMTL75
SGDM48

Asset class

PMTL: Equity
SGDM: Equity

Holdings

Only in PMTL60
In both15
Only in SGDM33

Only in PMTL

60 securities, 71.6% of PMTL by weight

Agnico Eagle Mines Limited5.83%
Barrick Mining Corporation3.97%
Wheaton Precious Metals Corp.3.74%
Franco-Nevada Corporation3.21%
Zijin Gold International Company Limited3.03%
Kinross Gold Corporation2.13%
Greatland Resources Limited1.86%
Fresnillo Plc1.84%
Pan African Resources Plc1.59%
Northern Star Resources Limited1.57%
Valterra Platinum Limited1.51%
Impala Platinum Holdings Limited1.51%
Wanguo Gold Group Limited1.42%
Alamos Gold Inc.1.39%
Pan American Silver Corp.1.33%
Centerra Gold Inc.1.28%
Evolution Mining Limited1.26%
Emerald Resources NL1.25%
Artemis Gold Inc.1.21%
DRDGOLD Limited (ADR)1.19%
Industrias Penoles, S.A.B. de C.V.1.17%
Chifeng Jilong Gold Mining Group, Ltd. (Class H)1.11%
Kingsgate Consolidated Limited1.08%
Capricorn Metals Ltd1.08%
Genesis Minerals Limited1.06%
OR Royalties Inc.1.06%
Perseus Mining Limited1.06%
Mineros SA1.05%
Hecla Mining Company1.02%
Triple Flag Precious Metals Corp.1.01%
Northam Platinum Holdings Limited1.01%
Ora Banda Mining Limited0.95%
Regis Resources Limited0.90%
Equinox Gold Corp.0.87%
B2Gold Corp.0.78%
IAMGOLD Corporation0.77%
Vault Minerals Limited0.77%
Shandong Gold Mining Co., Ltd. (Class H)0.76%
Ramelius Resources Limited0.75%
Alkane Resources Ltd0.73%
Catalyst Metals Limited0.69%
Turk Altin Isletmeleri A.S.0.68%
GoGold Resources Inc.0.67%
Lingbao Gold Group Co., Ltd. (Class H)0.66%
First Majestic Silver Corp.0.64%
Compania de Minas Buenaventura S.A.A. (ADR)0.64%
Resolute Mining Limited0.63%
Apex Mining Company, Inc.0.60%
Westgold Resources Limited0.58%
SSR Mining Inc.0.55%

Only in SGDM

33 securities, 60.4% of SGDM by weight

Agnico Eagle Mines Ltd.9.94%
Barrick Mining Corp.7.81%
Wheaton Precious Metals Corp.6.88%
Franco-Nevada Corp.6.24%
Kinross Gold Corp.3.94%
Pan American Silver Corp.3.46%
OR Royalties Inc.2.92%
IAMGOLD Corp.2.90%
Triple Flag Precious Metals Corp.2.81%
Centerra Gold Inc.2.80%
Allied Gold Corp.2.46%
Galiano Gold Inc.2.35%
Fortuna Mining Corp.2.21%
B2Gold Corp.0.33%
Equinox Gold Corp.0.30%
Aura Minerals Inc.0.29%
Alamos Gold Inc.0.29%
Eldorado Gold Corp.0.29%
Montage Gold Corp.0.28%
SSR Mining Inc.0.27%
Skeena Resources Ltd.0.24%
Aris Mining Corp.0.21%
Seabridge Gold Inc.0.18%
Novagold Resources Inc.0.18%
Perpetua Resources Corp.0.14%
Snowline Gold Corp.0.13%
Southern Cross Gold Consolidated Ltd.0.11%
Hycroft Mining Holding Corp.0.11%
Orezone Gold Corp.0.09%
Rio2 Ltd.0.07%
Collective Mining Ltd.0.06%
McEwen Inc.0.06%
Valor Gold Corp.<0.01%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in PMTL and SGDM, widest gap first
Holding	Gap	PMTL	SGDM
Endeavour Mining Plc	SGDM +1.94 points	1.24%	3.18%
Torex Gold Resources Inc.	SGDM +1.81 points	1.07%	2.88%
Gold Fields Limited (ADR)GFI	PMTL +1.73 points	2.51%	0.78%
DPM Metals Inc.	SGDM +1.70 points	1.18%	2.88%
Newmont CorporationNEM	SGDM +1.67 points	6.23%	7.90%
Coeur Mining, Inc.CDE	SGDM +1.65 points	1.25%	2.90%
OceanaGold Corporation	SGDM +1.35 points	1.30%	2.65%
AngloGold Ashanti plcAU	PMTL +1.34 points	3.01%	1.67%
Harmony Gold Mining Company Limited (ADR)HMY	SGDM +1.32 points	1.63%	2.95%
Discovery Mining Ltd.	SGDM +1.19 points	1.31%	2.50%
Wesdome Gold Mines Ltd.	SGDM +1.18 points	1.11%	2.29%
Lundin Gold Inc.	SGDM +1.10 points	2.46%	3.56%
K92 Mining Inc.	SGDM +1.09 points	1.57%	2.66%
Royal Gold, Inc.RGLD	PMTL +1.01 points	1.36%	0.35%
G Mining Ventures Corp.	PMTL +0.63 points	0.92%	0.29%

All 75 PMTL holdings⁠All 48 SGDM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PMTL vs SGDM Cost

Overpaying PMTL vs SGDM

$3,487

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

PMTL 0.65%
$12,717
SGDM 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

PMTL 0.65%
SGDM 0.46%
Overpaying

Year by year

Year	PMTL	SGDM	Overpaying
10	$1,163	$830	$333
20	$4,440	$3,195	$1,245
30	$12,717	$9,230	$3,487

Expense ratio

0.65%PMTL
0.46%SGDM, cheaper

SGDM0.46%PMTL0.65%

0.35%1.16%

Middle half of Precious Metals Miners funds
Median 0.52%

SGDM 7th cheapest of 18 funds

PMTL 12th cheapest of 18 funds

PMTL vs SGDM Dividends

Last 12 months to Nov 3, 2026

Yield (12M): PMTL No data; SGDM 1.11%
Payout (12M): PMTL None; SGDM $0.73
Last payment: PMTL No data; SGDM $0.73
Ex-dividend: PMTL No data; SGDM Dec 18, 2025
Paid on: PMTL No data; SGDM Dec 22, 2025
Frequency: PMTL No data; SGDM Annual

Distribution history

Per share, 2017 to 2026, same scale for both

PMTLAll PMTL payments⁠

No distribution history available.

SGDMAnnual · 9 paymentsAll SGDM payments⁠

PMTL vs SGDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PMTL No dataSGDM 40.0%
Return per unit of riskSharpe ratio, 3 years: PMTL No dataSGDM 0.97
Worst fallMax drawdown, 5 years: PMTL No dataSGDM −45.0%
Market sensitivityBeta, 5 years: PMTL 0.00SGDM 0.71; Market = 1

PMTL and SGDM in the news

All news⁠

Deep Dive
Gold and silver miner ETFs stalled after 2025, and the labels are not the portfolios
Oct 19, 2026SGDM
Top Movers
Investors rotated out of tech, and Taiwan Semiconductor fell despite a beat
Oct 15, 2026SGDM

Popular comparisons

PMTLCvsRINGB
FIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETF · iShares MSCI Global Gold Miners ETF
Expense ratio
0.65% · 0.39%
Category
SGDMBvsRINGB
Sprott Gold Miners ETF · iShares MSCI Global Gold Miners ETF
Expense ratio
0.46% · 0.39%
Category
PMTLCvsGDXB
FIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETF · VanEck Gold Miners ETF
Expense ratio
0.65% · 0.51%
Category
SGDMBvsGDXB
Sprott Gold Miners ETF · VanEck Gold Miners ETF
Expense ratio
0.46% · 0.51%
Category
PMTLCvsSLVPB
FIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETF · iShares MSCI Global Silver and Metals Miners ETF
Expense ratio
0.65% · 0.39%
Category
SGDMBvsSLVPB
Sprott Gold Miners ETF · iShares MSCI Global Silver and Metals Miners ETF
Expense ratio
0.46% · 0.39%
Category

PMTL vs SGDM

In short

Stated mandate

Why people hold it

Worth knowing

How PMTL and SGDM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PMTL

Only in SGDM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Gold and silver miner ETFs stalled after 2025, and the labels are not the portfolios

Investors rotated out of tech, and Taiwan Semiconductor fell despite a beat