GMET
VanEck Green Metals ETF
GMET tracks a market-cap-weighted index of global companies involved in mining, refining, and recycling of metals and rare earth elements that are used in technologies contributing to clean energy transition.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
26.7 M
ASSETS UNDER MGMT
63 bp
EXPENSES
Fund Basics
| Fund sponsor | VanEck |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 09, 2021 |
| Assets (mns) | $27 |
| Expense ratio | 63 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ANGLO AMERICAN PLC | 7.4 % |
| GLENCORE INTERNATIONAL PLC | 7.1 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 6.7 % |
| FREEPORT-MCMORAN COPPER | 6.5 % |
| TECK RESOURCES LTD-CLS B | 4.4 % |
| ANTOFAGASTA PLC | 4.4 % |
| ANGLO PLATINUM LTD | 4.0 % |
| SOUTHERN COPPER CORP | 3.6 % |
| BOLIDEN | 3.3 % |
| FIRST QUANTUM MINERALS LTD | 3.1 % |
Constituent Breakdown
| Number of holdings | 62 |
| Herfindahl-Hirschman Index | 364 |
| Wgt avg mkt cap (mns) | $27,940 |
| Large cap (>$10bn) | 65.8% |
| Mid cap ($2-10bn) | 24.9% |
| Small cap (<$2bn) | 3.7% |
| Developed mkts. | 64.2% |
| Emerging mkts. | 32.5% |
Country Exposure
 |
CANADA | 16.1 % |
 |
UNITED STATES | 14.4 % |
 |
BRITAIN | 12.9 % |
 |
SOUTH AFRICA | 10.0 % |
 |
CHINA | 8.2 % |
 |
SWITZERLAND | 7.1 % |
 |
MEXICO | 6.8 % |
 |
AUSTRALIA | 5.2 % |
 |
SWEDEN | 3.3 % |
 |
RUSSIA | 3.0 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 60.9% | 41.6% | 21.7% | 2.0% | -- | -- | -- | -1.1% |
| Dividend Yield | 0.0% | 2.6% | 2.4% | 2.2% | -- | -- | -- | 1.6% |
| Total Returns | 60.9% | 44.2% | 24.1% | 4.2% | -- | -- | -- | 0.5% | Ann. Volatility | 32.2% | 31.7% | 31.2% | 29.5% | -- | -- | -- | 31.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 45% |
| MSCI EAFE | 1.33 | 49% |
| MSCI Emg Mkts | 1.38 | 60% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.77% |
Technical Indicators
| 30d moving avg. (EMA) | $32.60 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.66/0.38 |
| Bollinger Bands (Upper/Lower) | $34.88/$30.49 |
| Short interest (% of AUM) | 0.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GMET |
Expenses vs. GMET |
ALTAR Score™ vs. GMET |
|---|---|---|---|---|
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 49.3% | +22 bp | +6.2% |
| DMAT | Global X Disruptive Materials ETF | 42.0% | -4 bp | +6.5% |
| COPX | Global X Copper Miners ETF | 37.7% | +2 bp | +5.4% |
| ICOP | iShares Copper and Metals Mining ETF | 36.0% | -16 bp | +7.1% |
| COPA | Themes Copper Miners ETF | 32.5% | -28 bp | +4.3% |
| BATT | Amplify Lithium & Battery Technology ETF | 25.8% | -4 bp | +1.9% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 25.8% | -24 bp | +10.3% |
| SETM | Sprott Energy Transition Materials ETF | 25.3% | +2 bp | +1.9% |
| ION | ProShares S&P Global Core Battery Metals ETF | 20.4% | -5 bp | +6.9% |
| AFK | VanEck Africa Index ETF | 12.8% | +35 bp | +13.8% |
Risk and Returns: GMET vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
GMET
7.0%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 383 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
3.1%. GMET's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places GMET in the 82nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GMETSELL
U/W
HOLD
O/W
BUY