Sprott Active Metals & Miners ETF (METL) Performance
METL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −13.3% since Dec 31, 2025
- 1 year
- +0.4% total return
- Since first price
- +10.2% since 2025
METL trailing returns vs SPY, QQQ, AGG
| Period | METL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −17.9% | −17.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −11.4% | −11.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −24.8% | −24.8% | +7.8% | +8.4% | −1.5% |
| YTD | −13.3% | −13.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.4% | −0.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 10, 2025 | +10.2% | +9.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: METL vs SPY
From Sep 10, 2025: METL grew to $11,019, SPY to $11,811.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
METL returns by calendar year
2026 is year to date.
METL annual returns table
| Year | METL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −13.3% | −34.2% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
METL largest drawdowns
Now 34.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 28, 2026 | −34.2% | Oct 23, 2026 | not yet | 9 months | 9 months so far |
| Oct 16, 2025 | −14.6% | Nov 21, 2025 | Dec 11, 2025 | 36 days | 56 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
METL risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +16.9% |
| Volatility (annualized) | 40.6% |
| Sharpe ratio | 0.48 |
| Sortino ratio | 0.75 |
| Best month | +19.0% |
| Worst month | −16.7% |
| Best 12 months | +16.9% |
| Worst 12 months | +16.9% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
METL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 2 | −2.9% | +7.0% | +16.9% | 50% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
METL performance overview
Sprott Active Metals & Miners ETF (METL) returned +0.4% over the past year, with distributions reinvested. Since its first recorded price on Sep 10, 2025 it has returned +10.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.2%, from Jan 28, 2026 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 40.6% a year.
Related: METL chart, METL holdings, METL dividends. See the METL overview for the latest quote and fund facts.
METL performance FAQ
What is the METL return over the past year?
METL returned +0.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.6%.
How much would $10,000 invested in METL be worth?
$10,000 invested in METL at its first recorded close on September 10, 2025 would be worth about $11,019 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of METL?
The largest peak-to-trough decline was −34.2% between January 28, 2026 and October 23, 2026. It has not yet recovered to that high; it is 34.2% below its peak.
How volatile is METL?
Over the past history METL had an annualized volatility of 40.6% and a Sharpe ratio of 0.48 (excess return over 1–3 month T-bills per unit of risk).