Sprott Critical Materials ETF (SETM) Performance
SETM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −15.1% since Dec 31, 2025
- 1 year
- −6.0% total return
- 3 years
- +17.1% a year
- Since first price
- +6.8% a year since 2023
SETM trailing returns vs SPY, QQQ, AGG
| Period | SETM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −20.9% | −20.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −16.5% | −16.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −33.4% | −33.4% | +7.8% | +8.4% | −1.5% |
| YTD | −15.1% | −15.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −6.0% | −7.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +60.8%+17.1%/yr | +51.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionFeb 2, 2023 | +27.9%+6.8%/yr | +20.4% | — | — | — |
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: SETM vs SPY
From Feb 2, 2023: SETM grew to $12,793, SPY to $19,117.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SETM returns by calendar year
1 of 2 full years positive. Best 2025 (+95.3%), worst 2024 (−13.2%). 2026 is year to date.
SETM annual returns table
| Year | SETM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −15.1% | −38.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +95.3% | −28.6% | +17.7% | +20.8% | +7.2% |
| 2024 | −13.2% | −31.0% | +24.9% | +25.6% | +1.3% |
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.
SETM largest drawdowns
Now 38.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 20, 2024 | −42.8% | Apr 8, 2025 | Jul 22, 2025 | 11 months | 1.2 years |
| Jan 28, 2026 | −38.2% | Oct 23, 2026 | not yet | 9 months | 9 months so far |
| Feb 2, 2023 | −22.5% | Feb 13, 2024 | May 17, 2024 | 1.0 years | 1.3 years |
| Oct 14, 2025 | −18.6% | Nov 6, 2025 | Dec 22, 2025 | 23 days | 2 months |
| Jul 22, 2025 | −11.4% | Jul 31, 2025 | Aug 11, 2025 | 9 days | 20 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SETM risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +20.0% | +16.3% |
| Volatility (annualized) | 35.5% | 33.3% |
| Sharpe ratio | 0.56 | 0.48 |
| Sortino ratio | 0.92 | 0.78 |
| Best month | +20.9% | +20.9% |
| Worst month | −15.4% | −15.4% |
| Best 12 months | +170.4% | +170.4% |
| Worst 12 months | −22.7% | −22.7% |
| Positive months | 61% | 58% |
| Beta vs S&P 500 | 1.23 | — |
| Correlation with S&P 500 | 0.43 | — |
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.
SETM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 33 | −22.7% | +11.9% | +170.4% | 67% |
| 3-year (a year) | 9 | +17.4% | +26.4% | +34.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
SETM performance overview
Sprott Critical Materials ETF (SETM) returned −6.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +6.8% a year, turning $10,000 into about $12,793. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −42.8%, from May 20, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 33.3% a year.
Related: SETM chart, SETM holdings, SETM dividends. See the SETM overview for the latest quote and fund facts.
SETM performance FAQ
What is the SETM return over the past year?
SETM returned −6.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.5%.
How much would $10,000 invested in SETM be worth?
$10,000 invested in SETM at its first recorded close on February 2, 2023 would be worth about $12,793 on October 23, 2026 with distributions reinvested.
What was the worst year for SETM?
The worst calendar year was 2024, with a total return of −13.2%. The best was 2025 at +95.3%.
What is the biggest drawdown of SETM?
The largest peak-to-trough decline was −42.8% between May 20, 2024 and April 8, 2025. It recovered to the old high on July 22, 2025, 3 months after the bottom.
How volatile is SETM?
Over the past 3 years SETM had an annualized volatility of 35.5% and a Sharpe ratio of 0.56 (excess return over 1–3 month T-bills per unit of risk).