METL vs SPY
Sprott Active Metals & Miners ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. METL delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | METL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $87M | $821.1B | |
| Dividend Yield | 1.03% | 1.01% | |
| Holdings | 43 | 505 | |
| YTD Return | +6.43% | +12.22% | |
| 1Y Return | +39.59% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -28.8% | -56.5% | |
| Fund Family | Sprott ETFS | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Sep 9, 2025 | Jan 22, 1993 |
METL vs SPY Performance
Sprott Active Metals & Miners ETF (METL) is a ETF from Sprott ETFS and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year METL returned +39.59% while SPY returned +20.83%. Year to date, METL is up 6.43% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -28.8% for METL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
METL charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, METL currently yields 1.03% against 1.01% for SPY.
Holdings Overlap
METL and SPY share 3 holdings out of 543 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, METL or SPY?
METL has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, METL or SPY?
Over the past year METL returned +39.59% vs +20.83% for SPY, so METL leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between METL and SPY?
METL and SPY share 3 common holdings with a 0.2% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, METL or SPY?
METL yields 1.03% while SPY yields 1.01%, so METL currently pays the higher dividend yield.
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