Sprott Nickel Miners ETF
ALTAR
Score™		 7.5% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 11.7x P/Sales
ratio		 1.0x
P/BV
ratio		 0.8x Div.
yield		 3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
NIKL tracks an index of nickel related companies around the globe. Securities are selected based on revenue and weighted by market-cap.

FUND BASICS
Category Global Equities
Fund Sponsor Sprott
Website www.sprottetfs.com/nikl-sprott-nickel-miners-etf/
Inception date Mar 21, 2023
Assets (mns) $4
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 8
Wgt avg mkt cap (mns) $839
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 37.4%
Small cap (<$2bn) 62.6%
Developed mkts 60.1%
Emerging mkts 39.9%

TOP TEN HOLDINGS
NICKEL MINES LTD. 21.1 %
MERDEKA BATTERY MATERIALS TBK PT 13.8 %
INTERNATIONAL NICKEL INDONES 9.0 %
LIFEZONE METALS, LTD. 6.3 %
ERAMET 5.5 %
ANEKA TAMBANG TBK PT 5.2 %
CANADA NICKEL CO., INC. 5.1 %
TRIMEGAH BANGUN PERSADA TBK PT 4.6 %
NICKEL ASIA CORP 4.3 %
GLOBAL FERRONICKEL HOLDINGS, INC. 3.4 %
Total 78.3 %

TOP COUNTRY EXPOSURE
AUSTRALIA 21.2 %
INDONESIA 14.2 %
FRANCE 5.5 %
PHILIPPINES 4.3 %
CHINA 3.1 %
CANADA 2.9 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.2% -- -- -- -43.5%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $13.87
30d moving avg. $17.14
Annualized volatility 0.0%
Short interest (ETF) 1.9%
Relative strength (RSI) 25

Liquidity measures
Avg. volume (thou.) 23
Turnover 8.6%
Bid/Ask (% of price) 0.76%
ADV underlying (mns) $15

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 89 potential alternatives to the Sprott Nickel Miners ETF ETF based on the alternatives' overlap in portfolio holdings with NIKL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NIKL Expense: 75 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NIKL
Ticker Fund
Name		 Overlap1
vs NIKL
(%)		 Expense
ratio
(bp)		 Savings
vs NIKL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NIKL
(%)
ION ProShares S&P Global Core Battery Metals ETF 8.0 58 17 11.4 +3.9
SETM Sprott Energy Transition Materials ETF 4.9 65 10 5.4 -2.1
REMX VanEck Rare Earth/Strategic Metals ETF 3.2 54 21 11.9 +4.4
BATT Amplify Lithium & Battery Technology ETF 3.1 59 16 2.9 -4.6
IDX VanEck Indonesia Index ETF 1.8 57 18 8.0 +0.5
GOEX Global X Gold Explorers ETF 1.7 65 10 5.1 -2.4
DMAT Global X Disruptive Materials ETF 1.6 59 16 10.0 +2.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.4 45 30 4.9 -2.6
DVYA iShares Asia/Pacific Dividend ETF 1.0 49 26 9.2 +1.7
EIDO iShares MSCI Indonesia ETF 0.8 59 16 7.6 +0.1
RING iShares MSCI Global Gold Miners ETF 0.8 39 36 6.1 -1.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -10 8.1 +0.6
ZSB USCF Sustainable Battery Metals Strategy Fund 0.6 61 14 14.7 +7.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.4 32 43 7.6 +0.1
LIT Global X Lithium & Battery Tech ETF 0.4 75 0 10.2 +2.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.3 58 17 9.1 +1.6
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 17 8.8 +1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 26 6.7 -0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 17 10.2 +2.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 33 6.8 -0.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 17 5.5 -2.0
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 33 5.8 -1.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 64 6.4 -1.1
DISV Dimensional International Small Cap Value ETF 0.1 42 33 9.3 +1.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 52 8.8 +1.3
EMMF WisdomTree Emerging Markets Multifactor Fund 0.1 48 27 9.4 +1.9
AVDV Avantis International Small Cap Value ETF 0.1 36 39 7.9 +0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 16 9.7 +2.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 68 6.5 -1.0
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.7 -0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 17 6.0 -1.5
GWX SPDR S&P International Small Cap ETF 0.1 40 35 6.6 -0.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 36 11.0 +3.5
DFEV Dimensional Emerging Markets Value ETF 0.1 43 32 11.0 +3.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 35 0.0 -7.5
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 17 8.4 +0.9
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 33 0.0 -7.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 30 8.7 +1.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 37 8.3 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.3 -0.2
AVES Avantis Emerging Markets Value ETF 0.0 36 39 12.2 +4.7
AVEM Avantis Emerging Markets Equity ETF 0.0 33 42 9.3 +1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.0 44 31 10.3 +2.8
DTH WisdomTree International High Dividend Fund 0.0 58 17 10.2 +2.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 36 6.9 -0.6
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 58 7.8 +0.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 26 8.4 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 45 7.8 +0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 55 7.6 +0.1
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 40 7.8 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 35 7.8 +0.3
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 67 7.7 +0.2
DFIC Dimensional International Core Equity 2 ETF 0.0 23 52 7.4 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 39 7.6 +0.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 26 6.8 -0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.0 20 55 10.8 +3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 5 6.4 -1.1
DWM WisdomTree International Equity Fund 0.0 48 27 7.8 +0.3
IPAC iShares Core MSCI Pacific ETF 0.0 9 66 6.6 -0.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 64 7.8 +0.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 50 6.7 -0.8
VPL Vanguard FTSE Pacific ETF 0.0 8 67 6.9 -0.6
EEM iShares MSCI Emerging Markets ETF 0.0 69 6 7.1 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 9 7.3 -0.2
VXUS Vanguard Total International Stock ETF 0.0 7 68 7.2 -0.3
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 68 7.0 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 68 7.6 +0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 30 6.2 -1.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 2.7 -4.8
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 66 7.6 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 56 7.3 -0.2
SCHE Schwab Emerging Markets Equity ETF 0.0 11 64 7.7 +0.2
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 50 8.8 +1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 36 7.6 +0.1
SPEU SPDR Portfolio Europe ETF 0.0 7 68 6.6 -0.9
VEA Vanguard FTSE Developed Markets ETF 0.0 5 70 7.0 -0.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 6.9 -0.6
VSGX Vanguard ESG International Stock ETF 0.0 12 63 6.9 -0.6
AVDE Avantis International Equity ETF 0.0 23 52 7.9 +0.4
VGK Vanguard FTSE Europe ETF 0.0 11 64 6.9 -0.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 10 7.8 +0.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 34 7.9 +0.4
VT Vanguard Total World Stock ETF 0.0 7 68 5.9 -1.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 60 7.2 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 41 6.7 -0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 34 6.7 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 67 7.2 -0.3
ACWI iShares MSCI ACWI ETF 0.0 32 43 5.5 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 66 5.8 -1.7

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Sprott Nickel Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.5 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.33 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.