Sprott Active Metals & Miners ETF
METL - ETF AI Analysis
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Sprott Active Metals & Miners ETF (METL)
METL, the Sprott Active Metals & Miners ETF, has a solid but not top-tier rating, reflecting a mix of strong, established metal and mining companies alongside some higher-risk names. Holdings like Steel Dynamics, Hudbay Minerals, and Nucor support the fund’s quality with stable finances, positive earnings commentary, and strong price momentum, while more speculative positions such as NexGen Energy and Endeavour Silver, which face losses and profitability challenges, weigh on the overall score. The main risk factor is the ETF’s focused exposure to metals and miners, which can make performance more volatile and sensitive to commodity price swings.
METL vs. SPDR S&P 500 ETF (SPY)
- AUM
- 68.43M
- Region
- Global
- Expense Ratio
- 0.99%
- Beta
- 1.87
- Issuer
- Sprott
- Inception Date
- Sep 09, 2025
- Dividend Yield
- 1.12%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
METL Summary
METL is the Sprott Active Metals & Miners ETF, focused on companies involved in metals and mining rather than following a traditional stock index. It invests mainly in materials and energy businesses across the U.S., Canada, Australia, and the UK. Well-known holdings include Nucor and Steel Dynamics, which produce steel used in construction and manufacturing. Investors might consider METL if they want growth potential tied to global demand for industrial metals and to diversify beyond typical tech or broad market funds. A key risk is that metals and mining stocks can be very volatile and may rise or fall sharply with commodity prices and the global economy.
How much will it cost me?
METL has an expense ratio of 0.99%, which means you’ll pay about $9.90 per year for every $1,000 invested. This cost is higher than the average ETF because METL is actively managed, with professionals selecting and adjusting the fund’s metals and mining holdings rather than simply tracking an index.
What would affect this ETF?
METL could benefit if global construction, infrastructure spending, and demand for industrial and precious metals rise, supporting its materials and energy holdings like steel producers and miners around the world. On the downside, weaker economic growth, falling metal prices, stricter environmental regulations on mining, or higher interest rates that pressure commodity-related stocks could hurt the ETF’s future performance.
METL Top 10 Holdings
METL is essentially a metals-and-miners play, with U.S. steel leaders like Nucor and Reliance Steel doing the heavy lifting as their shares keep rising on solid fundamentals. Steel Dynamics adds another steady pillar to the steel story, giving the fund a strong tilt toward industrial metals. On the flip side, uranium names such as Cameco and Denison Mines, along with Ivanhoe Mines, have been lagging, acting like a weight on the portfolio. With a global mix of holdings but a clear concentration in materials, performance is being driven more by steel than by miners still finding their footing.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 NUE | Nucor | 4.79% | $3.11M | $58.19B | 79.78% | 74Outperform |
 TSE:MDI | Major Drilling | 4.56% | $2.96M | CAD 1.28B | 29.90% | 66Neutral |
 STLD | Steel Dynamics | 4.06% | $2.64M | $33.58B | 54.90% | 76Outperform |
 RS | Reliance Steel | 4.01% | $2.60M | $21.76B | 57.08% | 74Outperform |
 TSE:NXE | NexGen Energy | 3.95% | $2.56M | CAD 7.91B | -4.61% | 53Neutral |
 HBM | Hudbay Minerals | ― | ― | ― | ― | 76Outperform |
 EXK | Endeavour Silver | ― | ― | ― | ― | 58Neutral |
 TSE:CCO | Cameco | 3.42% | $2.22M | CAD 45.05B | -21.72% | 71Outperform |
 TSE:VZLA | Vizsla Silver | 3.33% | $2.17M | CAD 1.67B | -20.44% | ―― |
 GB:ATYM | Atalaya Mining | 3.24% | $2.10M | GBP 1.30B | 20.95% | 73Outperform |
METL Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For METL, the sentiment is Negative. The current price of 22.38 is below the 20-day moving average (MA) of 22.64, below the 50-day MA of 25.01, and below the 200-day MA of 27.32, indicating a bearish trend. The MACD of -0.77 indicates Negative momentum. The RSI at 43.44 is Neutral, neither overbought nor oversold. The STOCH value of 55.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for METL.
METL Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| METL | $22.38 | $26.00(16.16% Upside) | $68.43M | 0.99% | 60Neutral |
 FDCF | $50.34 | $64.14(27.40% Upside) | $81.04M | 0.50% | 69Neutral |
 FFND | $31.48 | $38.20(21.35% Upside) | $94.56M | 0.98% | 65Neutral |
 IQM | $86.33 | $130.76(51.47% Upside) | $69.55M | 0.50% | 69Neutral |
 HECO | $48.66 | $87.65(80.11% Upside) | $62.94M | 0.90% | 64Neutral |
 HRTS | $39.45 | $45.60(15.58% Upside) | $58.38M | 0.75% | 67Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| METL | Sprott Active Metals & Miners ETF | 22.38 | 0.18 | 0.82% | |
| FDCF | Fidelity Disruptive Communications ETF | 50.34 | 2.78 | 5.84% | |
| FFND | Future Fund Active ETF | 31.48 | 1.31 | 4.36% | |
| IQM | Franklin Intelligent Machines ETF | 86.33 | -3.18 | -3.55% | |
| HECO | SPDR Galaxy Hedged Digital Asset Ecosystem ETF | 48.66 | 5.67 | 13.19% | |
| HRTS | Tema Cardiovascular and Metabolic ETF | 39.45 | 5.59 | 16.51% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.