REXC vs SETM

REXCDSprott Rare Earths Ex-China ETF

SETMCSprott Critical Materials ETF

In short

REXC Rare earths, with China screened out. REXC tracks a Nasdaq index built around rare earth miners and processors outside China, the focused cut of Sprott's critical-materials lineup.

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

REXC The Fund seeks to track, before fees and expenses, the total return of the Nasdaq Sprott Rare Earths Ex-China 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

• REXC The screen is the whole idea: it tracks the Nasdaq Sprott Rare Earths Ex-China Index, making it a direct expression of the non-China supply chain rather than the sector at large.
• Plain plumbing. A standard 1940 Act index fund following a published Nasdaq benchmark: no leverage, no derivatives overlay, no active stock picking.
• Built by a metals-and-mining specialist house. REXC is the narrow rare earths cut of the same shelf that holds Sprott's broader critical materials fund, SETM.

• 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

• REXC The fee is 0.65% a year, matching the typical critical-materials fund, while wider-net rare earth peers REMX and EART list lower expense ratios.
• Launched in 2026, so there is only a short record to judge how tightly it follows its index or how it trades under stress.
• Rare earths is a narrow, policy-driven corner of mining, and the ex-China rule shrinks the pool further, so a few names and jurisdictions can drive the ride.

• 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 REXC profile⁠

Full SETM profile⁠