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
$ 174.8 M
ASSETS UNDER MGMT
63 bp
EXPENSES
Fund Basics
| Inception date | Nov 09, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FREEPORT-MCMORAN COPPER | 8.2 % |
| ANGLO AMERICAN PLC | 8.0 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 7.1 % |
| ANTOFAGASTA PLC | 5.1 % |
| TECK RESOURCES LTD-CLS B | 4.1 % |
| SOUTHERN COPPER CORP | 3.7 % |
| BOLIDEN | 3.7 % |
| LUNDIN MINING CORP | 3.3 % |
| ANGLO PLATINUM LTD | 3.1 % |
| ALBEMARLE CORP | 3.0 % |
Constituent Breakdown
| Number of holdings | 66 |
| Herfindahl-Hirschman Index | 387 |
| Wgt avg mkt cap (mns) | $32,995 |
| Large cap (>$10bn) | 77.3% |
| Mid cap ($2-10bn) | 11.5% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 65.7% |
| Emerging mkts. | 25.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 16.7 % |
 |
CANADA | 16.1 % |
 |
BRITAIN | 13.9 % |
 |
CHINA | 7.4 % |
 |
SOUTH AFRICA | 7.4 % |
 |
MEXICO | 7.1 % |
 |
AUSTRALIA | 6.6 % |
 |
SWEDEN | 3.7 % |
 |
JAPAN | 3.2 % |
 |
POLAND | 2.6 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 445.4% | 744.2% | 188.4% | 95.4% | -- | -- | -- | 45.9% |
| Dividend Yield | 0.0% | 16.1% | 5.4% | 3.8% | -- | -- | -- | 2.6% |
| Total Returns | 445.4% | 760.4% | 193.9% | 99.2% | -- | -- | -- | 48.6% | Ann. Volatility | 567.6% | 396.0% | 280.9% | 229.8% | -- | -- | -- | 185.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.15 | 0% |
| MSCI EAFE | 0.94 | 0% |
| MSCI Emg Mkts | 0.35 | 0% |
Liquidity Measures
| Avg. volume (000) | 278 |
| ADV traded (mns) | $51 |
| Turnover | 29.3% |
| Avg. Bid/Ask (% of price) | 1.43% |
Technical Indicators
| 30d moving avg. (EMA) | $228.07 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -5.39/-3.42 |
| Bollinger Bands (Upper/Lower) | $252.31/$194.99 |
| Short interest (% of AUM) | 0.9% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GMET |
Expenses vs. GMET |
ALTAR Score™ vs. GMET |
|---|---|---|---|---|
| EART | Global X Rare Earth & Critical Materials ETF | 40.1% | -4 bp | +5.7% |
| ICOP | iShares Copper and Metals Mining ETF | 38.2% | -16 bp | +5.4% |
| COPX | Global X Copper Miners ETF | 37.7% | +2 bp | +4.5% |
| SETM | Sprott Energy Transition Materials ETF | 33.0% | +2 bp | +1.4% |
| COPA | Themes Copper Miners ETF | 32.0% | -28 bp | +2.5% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 25.3% | -24 bp | +7.3% |
| BATT | Amplify Lithium & Battery Technology ETF | 24.7% | -4 bp | +1.8% |
| ION | ProShares S&P Global Core Battery Metals ETF | 19.0% | -5 bp | +5.2% |
| IYM | iShares U.S. Basic Materials ETF | 13.2% | -23 bp | +3.7% |
| AFK | VanEck Africa Index ETF | 11.6% | +35 bp | +13.6% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 7/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
0.7%
ALTAR SCORE™
8th
PERCENTILE
AVOID
ETFRC RATING
There are 732 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.6%. GMET's ALTAR Score™ is approximately -1.4 standard
deviations above the category average. This places GMET in the 8th percentile
among funds in the category.
Sell-Side Consensus
$232.82
PRICE TARGET
+26.5%
UPSIDE
Bid/Ask Spreads
143 bp
AVG SPREAD
127 —
164 bp
RANGE