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ETFs

Sprott Funds Trust Sprott Nickel Miners ETF

NIKL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 21 2023
Expense Ratio
0.75%
Type
Global Ex. US Equities
Fund Owner
Sprott Asset Management
Volume (1m avg. daily)
$25,092
AUM
$1,546,151
Associated Index
Nasdaq Sprott Nickel Miners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NIC
Nickel Industries Ltd
12.80%
AZS
Azure Minerals Ltd
11.67%
INCO
Vale Indonesia Tbk PT
9.73%
IGO
IGO Limited
9.65%
FNI
Global Ferronickel Holdings Inc
4.89%
HZM
Horizonte Minerals
4.64%
CTM
Centaurus Metals Limited
4.43%
NIKL
Nickel Asia Corporation
4.25%
S
Sherritt International Corp.
4.11%
TLO
Talon Metals Corp
4.07%
Invest with NIKL

What is NIKL?

Sprott Nickel Miners ETF (Nasdaq: NIKL) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners Index (NSNIKL). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.

ETFs related toNIKL

ETFs correlated to NIKL include REMX, EWA, PICK

NIKL
Sprott Funds Trust. - Sprott Nickel Miners ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
BBAX
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
EPP
BlackRock Institutional Trust Company N.A. - iShares MSCI Pacific ex Japan ETF
COPX
Global X Funds - Global X Copper Miners ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
CGXU
Capital Group Companies Inc - Capital Group International Focus Equity ETF
VPL
Vanguard Group, Inc. - Vanguard FTSE Pacific ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock 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 toNIKL

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DAVID

Copy David Swensen

Category

Classic, Copy the Greats

Risk Rating

Moderate

Create your own algorithmic trading strategy with NIKL using Composer

FAQ

NIKL is a Global Ex. US Equities ETF. Sprott Nickel Miners ETF (Nasdaq: NIKL) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners Index (NSNIKL). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.

NIKL tracks the Nasdaq Sprott Nickel Miners Index.

No, NIKL 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, NIKL 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 NIKL is -0.0364%. This is the percent change in the value of NIKL over the most recent 1-month period. The 3-month return on NIKL is -0.1149%. This is the percent change in the value of NIKL over the most recent 3-month period.

ETFs similar to NIKL include IXJ, SMH, and URA.

ETFs correlated to NIKL include REMX, EWA, and PICK.

ETFs that are inversely correlated to NIKL include EDZ, EFZ, and EPV.

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.