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ETFs

Sprott Funds Trust Sprott Energy Transition Materials ETF

SETM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 01 2023
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
Sprott Asset Management
Volume (1m avg. daily)
$433,217
AUM
$6,729,551
Associated Index
Nasdaq Sprott Energy Transition Materials Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CCJ
Cameco Corp.
5.50%
KAP
NAC KAZATOMPROM JSC-GDR REGS
5.45%
FCX
Freeport-McMoRan Inc
5.18%
FM
FIRST QUANTUM MINERALS LTD
4.54%
MP
MP Materials Corporation
4.32%
SQM
Sociedad Quimica Y Minera de Chile S.A. - ADR
4.30%
IGO
IGO Limited
4.25%
ALB
Albemarle Corp.
4.21%
LYC
Lynas Rare Earths Limited
4.09%
PLS
Pilbara Minerals Limited
3.78%
Invest with SETM

What is SETM?

Sprott Energy Transition Materials ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Energy Transition Materials Index (NSETM). The Index is designed to track the performance of a selection of global securities in the energy transition materials industry. The Index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, production, recycling, refining, or smelting of energy transition materials ("Energy Transition Mining Companies"); (ii) investments in energy transition materials that represent all or a significant portion of their assets; (iii) earning energy transition materials royalties; and/or (iv) supplying energy transition materials (together with Energy Transition Mining Companies, "Energy Transition Companies"). The Index generally consists of from 100 to 120 constituents.

ETFs related toSETM

ETFs correlated to SETM include REMX, GNR, GUNR

SETM
Sprott Funds Trust. - Sprott Energy Transition Materials ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
FYLD
Cambria Investment Management LP - Cambria Foreign Shareholder Yield ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
COPX
Global X Funds - Global X Copper Miners 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 toSETM

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with SETM using Composer

FAQ

SETM is a Global Equities ETF. Sprott Energy Transition Materials ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Energy Transition Materials Index (NSETM). The Index is designed to track the performance of a selection of global securities in the energy transition materials industry. The Index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, production, recycling, refining, or smelting of energy transition materials ("Energy Transition Mining Companies"); (ii) investments in energy transition materials that represent all or a significant portion of their assets; (iii) earning energy transition materials royalties; and/or (iv) supplying energy transition materials (together with Energy Transition Mining Companies, "Energy Transition Companies"). The Index generally consists of from 100 to 120 constituents.

SETM tracks the Nasdaq Sprott Energy Transition Materials Select Index.

No, SETM 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, SETM 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 SETM is -0.1047%. This is the percent change in the value of SETM over the most recent 1-month period. The 3-month return on SETM is %. This is the percent change in the value of SETM over the most recent 3-month period.

ETFs similar to SETM include IXN, SMH, and KWEB.

ETFs correlated to SETM include REMX, GNR, and GUNR.

ETFs that are inversely correlated to SETM include EFZ, EPV, and EUM.

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.