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
$ 198.1 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 +
| GLENCORE INTERNATIONAL PLC | 8.2 % |
| ANGLO AMERICAN PLC | 7.8 % |
| FREEPORT-MCMORAN COPPER | 7.6 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 6.4 % |
| ANTOFAGASTA PLC | 4.0 % |
| ALBEMARLE CORP | 3.6 % |
| TECK RESOURCES LTD-CLS B | 3.3 % |
| SOUTHERN COPPER CORP | 3.3 % |
| FIRST QUANTUM MINERALS LTD | 3.0 % |
| ANGLO PLATINUM LTD | 3.0 % |
Constituent Breakdown
| Number of holdings | 63 |
| Herfindahl-Hirschman Index | 368 |
| Wgt avg mkt cap (mns) | $32,995 |
| Large cap (>$10bn) | 71.8% |
| Mid cap ($2-10bn) | 18.9% |
| Small cap (<$2bn) | 3.0% |
| Developed mkts. | 66.2% |
| Emerging mkts. | 29.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 16.0 % |
 |
CANADA | 13.7 % |
 |
BRITAIN | 12.6 % |
 |
SWITZERLAND | 8.2 % |
 |
CHINA | 8.1 % |
 |
SOUTH AFRICA | 7.8 % |
 |
MEXICO | 6.4 % |
 |
AUSTRALIA | 6.3 % |
 |
JAPAN | 3.3 % |
 |
SWEDEN | 2.6 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 561.4% | 1,111.0% | 207.4% | 105.9% | -- | -- | -- | 54.4% |
| Dividend Yield | 0.0% | 23.1% | 5.8% | 4.0% | -- | -- | -- | 2.9% |
| Total Returns | 561.4% | 1,134.1% | 213.2% | 109.9% | -- | -- | -- | 57.3% | Ann. Volatility | 689.9% | 393.3% | 279.4% | 228.4% | -- | -- | -- | 188.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.29 | 0% |
| MSCI EAFE | 1.27 | 0% |
| MSCI Emg Mkts | 0.60 | 0% |
Liquidity Measures
| Avg. volume (000) | 530 |
| ADV traded (mns) | $123 |
| Turnover | 62.4% |
| Avg. Bid/Ask (% of price) | 1.43% |
Technical Indicators
| 30d moving avg. (EMA) | $248.24 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -9.42/1.09 |
| Bollinger Bands (Upper/Lower) | $321.14/$202.66 |
| 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 | 42.0% | -4 bp | +3.8% |
| ICOP | iShares Copper and Metals Mining ETF | 36.9% | -16 bp | +4.6% |
| COPX | Global X Copper Miners ETF | 36.4% | +2 bp | +3.4% |
| COPA | Themes Copper Miners ETF | 31.3% | -28 bp | +2.3% |
| SETM | Sprott Energy Transition Materials ETF | 30.9% | +2 bp | +1.1% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 26.5% | -24 bp | +6.2% |
| BATT | Amplify Lithium & Battery Technology ETF | 24.2% | -4 bp | +1.3% |
| ION | ProShares S&P Global Core Battery Metals ETF | 21.4% | -5 bp | +3.9% |
| IYM | iShares U.S. Basic Materials ETF | 12.9% | -23 bp | +3.7% |
| AFK | VanEck Africa Index ETF | 12.1% | +35 bp | +11.1% |
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 5/15/2026
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
0.4%
ALTAR SCORE™
7th
PERCENTILE
AVOID
ETFRC RATING
There are 584 funds in the Global Equity category with an average
ALTAR Score™ of 4.2% and a standard deviation
of 2.6%. GMET's ALTAR Score™ is approximately -1.5 standard
deviations above the category average. This places GMET in the 7th percentile
among funds in the category.
Sell-Side Consensus
$188.22
PRICE TARGET
-19.2%
UPSIDE
Bid/Ask Spreads
143 bp
AVG SPREAD
127 —
164 bp
RANGE