Skip to Content
ETFs

VanEck Green Metals ETF

GMET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 09 2021
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$111,916
AUM
$24,390,000
Associated Index
MVIS Global Clean-Tech Metals Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GLEN
GLENCORE PLC
8.15%
FCX
Freeport-McMoRan Inc
7.86%
AAL
ANGLO AMERICAN PLC
7.04%
ALB
Albemarle Corp.
5.82%
TECK
Teck Resources Ltd - Ordinary Shares - Class B
5.22%
GMEXICOB
GRUPO MEXICO SAB DE CV-SER B
4.62%
002466
TIANQI LITHIUM CORP-A
4.08%
002460
GANFENG LITHIUM GROUP CO L-A
3.75%
603799
ZHEJIANG HUAYOU COBALT CO -A
3.11%
FM
FIRST QUANTUM MINERALS LTD
2.93%
Invest with GMET

What is GMET?

VanEck Green Metals ETF (GMET) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Clean-Tech Metals Index (MVGMETTR), which is intended to track the performance of companies involved in the production, refining, processing and recycling of green metals. Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.

ETFs related toGMET

ETFs correlated to GMET include COPX, PICK, REMX

GMET
VanEck ETF Trust - VanEck Green Metals ETF
COPX
Global X Funds - Global X Copper Miners ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
FTRI
First Trust Exchange-Traded Fund III - First Trust Indxx Global Natural Resources Income ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
XME
SPDR Series Trust - SPDR Metals & Mining ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGMET

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with GMET using Composer

FAQ

GMET is a Global Equities ETF. VanEck Green Metals ETF (GMET) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Clean-Tech Metals Index (MVGMETTR), which is intended to track the performance of companies involved in the production, refining, processing and recycling of green metals. Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.

GMET tracks the MVIS Global Clean-Tech Metals Index.

No, GMET is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GMET is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GMET is -0.0873%. This is the percent change in the value of GMET over the most recent 1-month period. The 3-month return on GMET is -0.0384%. This is the percent change in the value of GMET over the most recent 3-month period.

The standard deviation of GMET for the past year is 0.3681%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GMET include TAN, EFG, and PBW.

ETFs correlated to GMET include COPX, PICK, and REMX.

ETFs that are inversely correlated to GMET include EDZ, EUM, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.