GMET
VanEck Green Metals ETF
GMET tracks a market-cap-weighted index of global companies involved in mining, refining, and recycling of metals and rare earth elements that are used in technologies contributing to clean energy transition.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
21.6 M
ASSETS UNDER MGMT
63 bp
EXPENSES
Fund Basics
| Fund sponsor | VanEck |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 09, 2021 |
| Assets (mns) | $22 |
| Expense ratio | 63 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FREEPORT-MCMORAN COPPER | 7.7 % |
| GLENCORE INTERNATIONAL PLC | 7.4 % |
| ANGLO AMERICAN PLC | 7.2 % |
| CHINA NORTHERN RARE EARTH GROUP HIGH-TE | 5.5 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 5.4 % |
| TECK RESOURCES LTD-CLS B | 4.9 % |
| SOUTHERN COPPER CORP | 4.2 % |
| PT AMMAN MINERAL INTERNASIONAL TBK | 4.0 % |
| ANTOFAGASTA PLC | 3.9 % |
| ALBEMARLE CORP | 3.7 % |
Constituent Breakdown
| Number of holdings | 60 |
| Herfindahl-Hirschman Index | 392 |
| Wgt avg mkt cap (mns) | $24,848 |
| Large cap (>$10bn) | 57.7% |
| Mid cap ($2-10bn) | 40.2% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 73.4% |
| Emerging mkts. | 26.6% |
Country Exposure
 |
UNITED STATES | 18.6 % |
 |
CANADA | 16.9 % |
 |
BRITAIN | 12.3 % |
 |
CHINA | 7.6 % |
 |
SWITZERLAND | 7.4 % |
 |
MEXICO | 5.4 % |
 |
INDONESIA | 4.8 % |
 |
SOUTH AFRICA | 4.2 % |
 |
SWEDEN | 3.7 % |
 |
AUSTRALIA | 3.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -10.0% | 0.8% | -7.5% | -- | -- | -- | -13.9% | Volatility | 30.4% | 30.0% | 29.7% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 24% |
| MSCI EAFE | 1.16 | 46% |
| MSCI Emg Mkts | 1.25 | 54% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.34% |
| ADV of underlying (mns) | $2,785 |
Technical Indicators
| Recent close | $23.77 |
| 30d moving avg. | $25.08 |
| Annualized volatility | 30.2% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GMET |
Expenses vs. GMET |
ALTAR Score™ vs. GMET |
|---|---|---|---|---|
| DMAT | Global X Disruptive Materials ETF | 38.7% | -4 bp | -0.1% |
| COPX | Global X Copper Miners ETF | 37.4% | +2 bp | -2.5% |
| ICOP | iShares Copper and Metals Mining ETF | 36.9% | -16 bp | -0.6% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 34.7% | +22 bp | -2.2% |
| COPA | Themes Copper Miners ETF | 33.5% | -28 bp | -3.4% |
| SETM | Sprott Energy Transition Materials ETF | 31.2% | +2 bp | -4.9% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 25.3% | -24 bp | +2.0% |
| ION | ProShares S&P Global Core Battery Metals ETF | 20.2% | -5 bp | +5.1% |
| REMX | VanEck Rare Earth/Strategic Metals ETF | 12.7% | -9 bp | +3.2% |
| BATT | Amplify Lithium & Battery Technology ETF | 12.1% | -4 bp | -10.9% |
Risk and Returns: GMET vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GMET
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
GMET
10.8%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. GMET's ALTAR Score™ is approximately
1.5 standard deviations
above
the category average. This places GMET in the 93rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GMETSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| GMET (63 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GMET | 63.0 | 33.9 | 96.9 |
| Peer Avg. | 57.1 | 40.2 | 97.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .