What is SETM and what does it track?

Sprott Critical Materials ETF (SETM) is an exchange-traded fund focused on the Natural Resources sector, managing $514.08M in assets. The fund has been trading since 2023-02-01. The fund invests at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, explorati...

How large is SETM and what does it cost to hold?

SETM currently manages $514.08M in assets. The annual expense ratio (TER) is 0.65%, deducted directly from fund assets. Portfolio turnover stands at 55%, reflecting how frequently holdings are replaced within a year. Lower expense ratios compound favorably over time – a 0.08% TER on a 10-year holding period adds up to meaningfully less drag than a 0.5% fund.

What are the largest holdings in SETM?

SETM allocates 16.6% of its portfolio to Materials. The three largest holdings are FCX (5.4%), NATKY (5.1%), ALB (4.6%). Concentration in the top holdings means single-name events in these positions can have an outsized effect on the ETF's price.

Does SETM pay dividends or distributions?

SETM currently distributes a yield of -0.16%. ETF distributions are typically passed through from dividends and interest generated by the underlying holdings. The actual payout frequency depends on the fund structure – most sector ETFs distribute quarterly.

What is SETM's historical performance?

Reported performance for SETM: year-to-date 13.32%, 3-year cumulative 31.46%. Past performance is not indicative of future results. Returns reflect price changes only and may differ from total return figures that include distributions.

What is the current trend signal for SETM?

As of the most recent session, SETM closed at $28.82. The swing trend is negative with ADX at 29.8 (strong trend strength). Momentum is bearish and has been running for 24 trading days. No Golden Cross is currently active All data is updated once per trading day after the US market closes.

When was the last Trendchange signal for SETM?

The most recent Trendchange signal for SETM fired on 11.08.26 at $33.26. The position has been open for 16 trading days. Performance after 10 days: +5.77%. The system's historical edge across 11 tracked signals is +14.75%. Trendchange signals are based on proprietary moving average crossover logic applied to end-of-day price data.

SETM – Sprott Critical Materials ETF

ETF

Natural Resources | Inception: 2023-02-01

Quick Stats

Trend Signal

$28.82

Last Close

Official EOD price – basis for all calculations

▼ Short

Swing Trend

Moving average structure confirms downtrend – bears in control

+14.75%

Signal Edge

Moderate edge across 1 signals – signal performs above random, not exceptional

29.8

Trend Strength (ADX)

Strong trend – directional signals reliable

Last Trendchange Signal

11.08.26

Date

Signal entry date

$33.26

Entry Price

Closing price at signal date

16d

Days Held

Trading days since signal

+5.77%

+10d

Return after 10 trading days

+3.73%

+20d

Return after 20 trading days

+3.91%

+30d

Return after 30 trading days

–

+60d

Not yet reached

Trend Overview

Mixed Signals – Caution Composite Score: +1 / 7

SETM shows mixed signals. Some trend indicators are positive, others are neutral or deteriorating. The picture is not clear enough to lean heavily in either direction with conviction.

What to watch

This is not an environment that rewards aggressive positioning. Reduced exposure or cash is a valid stance.

SETM Price Chart

Technical Trend Analysis

As of 07.10.2026 · Close: $28.82 · ATR14: $3.13

Mixed Signals – Caution Composite Score: +1 / 7

SETM shows mixed signals. Some trend indicators are positive, others are neutral or deteriorating. The picture is not clear enough to lean heavily in either direction with conviction.

What to watch

This is not an environment that rewards aggressive positioning. Reduced exposure or cash is a valid stance.

Indicator	Signal	Detail
Swing Trend	▼ Short	Primary directional bias
Momentum	▼ Down · -24d	Strength: -0.64 – Rising
Trend Strength (ADX)	29.8 – Strong	ADX38: 21.9
Volatility (HV30)	34.9% – Calm	HV90: 44.1% \| HV180: 48.9%
Vola Compression	None	Normal range
MA Structure	Death Cross ✗	Stack: No MAs aligned
EMA21 Distance	-1.79 ATR ↑	EMA21: $30.24
GD200 Extension	-4.5 ATR – Normal	GD20: -1.7 \| GD50: -3.2 \| GD100: -3.4

📉 Downside Momentum Intensifying

Downward momentum active for -24 days and still building (-0.64). Selling pressure is not easing.

💪 Trend Strength – ADX14: 29.8 (Strong)

A strong and well-defined trend. ADX38: 21.9. Trend-following has clear edge here.

🔻 Volatility Calm

HV30: 34.9% | HV90: 44.1% | HV180: 48.9%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

💀 Death Cross – Long-term Bearish

Death Cross in place. GD50 $31.99 below GD200 $33.59. Long-term structure remains bearish. MA stack: No MAs aligned.

📈 EMA21 – Trend Accelerating

Price is pulling away from the EMA21 ($30.24) with -1.79 ATR distance and growing.

📐 Key Price Levels & ATR Distance

GD20: $30.45 (-1.7 ATR) | GD50: $31.99 (-3.2 ATR) | GD100: $32.21 (-3.4 ATR) | GD200: $33.59 (-4.5 ATR). ATR14: $3.13.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2023		-11.19	-6.51	T -2.97	2.25	5.54	3.15	-3.51	T 0.03	-7.06	T 3.60	2.53	-7.93
2024	-7.10	-2.75	T 3.50	3.13	6.59	-10.96	-2.67	0.53	T 19.20	-1.97	-1.28	-14.13	-13.37
2025	-1.03	-4.73	T -0.07	T -0.11	6.09	14.78	6.65	17.75	15.69	7.17	9.56	T 4.85	86.29
2026	15.15	11.02	-15.67	T 9.62	-0.38	T -16.12	-8.10	T 17.96	-12.22	0.21			-4.44

T A T badge marks a Trendchange signal in that month. Hover for entry price.

SETM - Trendchange Chart

Trendchange Signal History

The last 10 Trendchange signals for SETM:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
11.08.26	$33.26	16d	+5.77%	+3.73%	+3.91%	+0%
02.06.26	$38.40	4d	-5.6%	-5.6%	-5.6%	-5.6%
13.04.26	$36.37	15d	+0.14%	+1.7%	+1.7%	+0%
02.12.25	$27.82	55d	+0.04%	+4.67%	+26.35%	+33.11%
25.04.25	$14.33	59d	+1.54%	+1.26%	+14.17%	+30.22%
20.03.25	$15.66	3d	-4.19%	-4.19%	-4.19%	+0%
19.09.24	$16.30	26d	+11.66%	+14.26%	+12.48%	+12.48%
08.03.24	$16.50	46d	+4.75%	+9.45%	+8.4%	+8.4%
24.11.23	$17.05	8d	-2.2%	-0.38%	-0.38%	-0.38%
11.09.23	$17.91	12d	-0.78%	+0.95%	+0.95%	+0.95%

Signal Statistics - Historical Edge

Calculated edge for SETM: 14.75%

Range	N	10d	20d	30d	60d	Signal
10-15%	1	+11.66%	+14.26%	+12.48%	+12.48%	Hold
5-7%	1	+5.77%	+3.73%	+3.91%	+0%	Close
3-5%	1	+4.75%	+9.45%	+8.4%	+8.4%	Close
1-3%	1	+1.54%	+1.26%	+14.17%	+30.22%	Hold
0-1%	2	+0.09%	+3.19%	+14.03%	+16.55%	Hold
-1-0%	1	-0.78%	+0.95%	+0.95%	+0.95%	Neg
-3-1%	2	-2.12%	-1.21%	-1.21%	-1.21%	Neg
-5-3%	1	-4.19%	-4.19%	-4.19%	+0%	Neg
-7-5%	1	-5.6%	-5.6%	-5.6%	-5.6%	Neg

Exit Rules: Stoploss: -10% | Close if below 0% after 10 days

📊

No Options Data Available

Options flow data for SETM is not yet tracked. Check back after the next market session.

About Sprott Critical Materials ETF

The fund invests at least 80% of its total assets in securities of the index. 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; (ii) investments in energy transition materials that represent all or a significant portion of their assets. The fund is non-diversified.

Fund Overview

Metric	Value
Assets under Management	$514.08 M
Expense Ratio	0.65%
Dividend Yield	-0.16%
Portfolio Turnover	55%
YTD Return	13.32%
3-Year Return	31.46%

Sector Allocation

Sector	Weight
Materials	16.6%
Energy	3.8%
Financials	2.2%

Top 10 Holdings

Symbol	Company	Weight
FCX	FREEPORT-MCMORAN INC	5.42%
NATKY	NATIONAL ATOMIC CO KAZATOMPROM JSC ADR	5.06%
ALB	ALBEMARLE CORP	4.58%
UEC	URANIUM ENERGY CORP	3.55%
MP	n/a	3.52%
LUNMF	LUNDIN MINING CORP	2.7%
NXE	NEXGEN ENERGY LTD	2.44%
SCCO	SOUTHERN COPPER CORP	2.24%
UUUU	ENERGY FUELS INC	1.71%
EXK	ENDEAVOUR SILVER CORP	1.25%

Frequently Asked Questions – Sprott Critical Materials ETF (SETM)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.