SETM
Sprott Energy Transition Materials ETF
SETM supports the global move to cleaner energy by tracking an index of US and foreign companies related to energy transition materials. Securities are selected based on revenue and weighted by market-cap.
US
EQUITY
Passive
MANAGEMENT STYLE
202.6 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Sprott |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 02, 2023 |
| Assets (mns) | $203 |
| Expense ratio | 65 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PILBARA MINERALS LIMITED | 8.0 % |
| MP MATERIALS CORP CLASS A | 7.2 % |
| ALBEMARLE CORP | 5.7 % |
| LYNAS CORPORATION LIMITED | 4.7 % |
| URANIUM ENERGY CORP | 4.6 % |
| FIRST MAJESTIC SILVER CORP | 4.2 % |
| CAMECO CORP | 4.0 % |
| GANFENG LITHIUM CO., LTD. CLASS H | 3.3 % |
| NATIONAL ATOMIC COMPANY KAZATOMPROM JSC | 3.2 % |
| FREEPORT-MCMORAN COPPER | 3.0 % |
Constituent Breakdown
| Number of holdings | 67 |
| Herfindahl-Hirschman Index | 327 |
| Wgt avg mkt cap (mns) | $11,510 |
| Large cap (>$10bn) | 25.5% |
| Mid cap ($2-10bn) | 50.9% |
| Small cap (<$2bn) | 13.5% |
| Developed mkts. | 82.1% |
| Emerging mkts. | 9.0% |
Country Exposure
 |
CANADA | 29.0 % |
 |
AUSTRALIA | 24.4 % |
 |
UNITED STATES | 22.8 % |
 |
CHINA | 3.3 % |
 |
KAZAKHSTAN | 3.2 % |
 |
HONG KONG | 2.6 % |
 |
BRITAIN | 2.5 % |
 |
POLAND | 1.1 % |
 |
PERU | 0.6 % |
 |
INDONESIA | 0.6 % |
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 | 85.5% | 57.3% | 29.4% | -- | -- | -- | -- | 11.8% |
| Dividend Yield | 0.0% | 2.9% | 2.9% | -- | -- | -- | -- | 1.8% |
| Total Returns | 85.5% | 60.2% | 32.3% | -- | -- | -- | -- | 13.6% | Ann. Volatility | 40.8% | 39.8% | 36.6% | -- | -- | -- | -- | 34.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 30% |
| MSCI EAFE | 1.30 | 30% |
| MSCI Emg Mkts | 1.40 | 39% |
Liquidity Measures
| Avg. volume (000) | 172 |
| ADV traded (mns) | $5 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.48% |
Technical Indicators
| 30d moving avg. (EMA) | $26.67 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.55/0.33 |
| Bollinger Bands (Upper/Lower) | $28.68/$24.65 |
| Short interest (% of AUM) | 0.8% |
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. SETM |
Expenses vs. SETM |
ALTAR Score™ vs. SETM |
|---|---|---|---|---|
| REMX | VanEck Rare Earth/Strategic Metals ETF | 31.7% | -11 bp | +3.1% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 30.0% | +20 bp | +6.2% |
| GMET | VanEck Green Metals ETF | 25.3% | -2 bp | +7.0% |
| LITP | Sprott Lithium Miners ETF | 24.8% | 0 bp | +1.2% |
| DMAT | Global X Disruptive Materials ETF | 24.2% | -6 bp | +6.5% |
| ION | ProShares S&P Global Core Battery Metals ETF | 22.2% | -7 bp | +6.9% |
| LIMI | Themes Lithium & Battery Metal Miners ETF | 20.0% | -30 bp | +3.8% |
| BATT | Amplify Lithium & Battery Technology ETF | 18.2% | -6 bp | +1.9% |
| NLR | VanEck Uranium+Nuclear Energy ETF | 17.3% | -4 bp | +1.6% |
| ILIT | iShares Lithium Miners and Producers ETF | 16.7% | -18 bp | +4.0% |
Risk and Returns: SETM 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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
SETM
1.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1025 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. SETM's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places SETM in the 5th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SETMSELL
U/W
HOLD
O/W
BUY