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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)
$26,524
AUM
$1,638,677
Associated Index
Nasdaq Sprott Nickel Miners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IGO
IGO Limited
15.59%
NIC
Nickel Industries Ltd
13.43%
INCO
VALE INDONESIA TBK
11.97%
HZM
HORIZONTE MINERALS PLC
6.33%
NIKL
NICKEL ASIA CORP
5.79%
MCR
Mincor Resources NL
4.75%
S
SHERRITT INTERNATIONAL CORP
4.19%
TLO
TALON METALS CORP
3.79%
CTM
Centaurus Metals Limited
3.64%
FNI
GLOBAL FERRONICKEL HOLDINGS
3.57%
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, EWC, AVES

NIKL
Sprott Funds Trust. - Sprott Nickel Miners ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
AVES
American Century ETF Trust - Avantis Emerging Markets Value ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
EELV
Invesco Capital Management LLC - Invesco S&P Emerging Markets Low Volatility ETF
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
EWY
BlackRock Institutional Trust Company N.A. - iShares MSCI South Korea 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

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

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 -0.0483%. This is the percent change in the value of NIKL over the most recent 1-month period. The 3-month return on NIKL is %. This is the percent change in the value of NIKL over the most recent 3-month period.

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

ETFs correlated to NIKL include REMX, EWC, and AVES.

ETFs that are inversely correlated to NIKL include EDZ, DXD, and SDOW.

Disclaimers

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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.