Sprott Nickel Miners ETF
ALTAR
Score™		 10.2% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 9.6x P/Sales
ratio		 1.0x
P/BV
ratio		 0.7x Div.
yield		 3.9%


  • 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) $3
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 10
Wgt avg mkt cap (mns) $901
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 36.3%
Small cap (<$2bn) 63.7%
Developed mkts 60.9%
Emerging mkts 39.1%

TOP TEN HOLDINGS
NICKEL MINES LTD. 20.0 %
MERDEKA BATTERY MATERIALS TBK PT 10.8 %
INTERNATIONAL NICKEL INDONES 6.9 %
TRIMEGAH BANGUN PERSADA TBK PT 6.6 %
INDEPENDENCE GROUP NL 6.3 %
ANEKA TAMBANG TBK PT 4.9 %
NICKEL ASIA CORP 4.7 %
LIFEZONE HOLDINGS LTD 4.3 %
MAGNA MINING, INC. 4.2 %
CANADA NICKEL CO., INC. 3.9 %
Total 72.7 %

TOP COUNTRY EXPOSURE
AUSTRALIA 26.4 %
INDONESIA 11.9 %
PHILIPPINES 4.7 %
UNITED STATES 4.3 %
CHINA 3.0 %
FRANCE 2.4 %
CANADA 1.8 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.2% -30.2% -- -- -32.8%

Market Correlations
versus... Beta R-squared
S&P500 0.27 1%
MSCI EAFE 0.62 10%
MSCI Emg. Mkts. 0.78 13%

Technical Indicators
Recent close $11.92
30d moving avg. $13.26
Annualized volatility 29.4%
Short interest (ETF) 3.2%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 8
Turnover 3.0%
Bid/Ask (% of price) 0.76%
ADV underlying (mns) $59

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 107 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™: 10.2%


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 12.7 58 17 15.5 +5.3
SETM Sprott Energy Transition Materials ETF 6.8 65 10 6.0 -4.3
LITP Sprott Lithium Miners ETF 6.3 65 10 16.9 +6.7
BATT Amplify Lithium & Battery Technology ETF 4.8 59 16 -0.1 -10.3
LIMI Themes Lithium & Battery Metal Miners ETF 3.7 35 40 4.7 -5.5
DMAT Global X Disruptive Materials ETF 2.4 59 16 10.5 +0.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.4 72 3 1.0 -9.2
REMX VanEck Rare Earth/Strategic Metals ETF 2.4 54 21 13.9 +3.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 2.4 85 -10 8.6 -1.6
IDX VanEck Indonesia Index ETF 2.3 57 18 8.8 -1.5
DVYA iShares Asia/Pacific Dividend ETF 2.2 49 26 9.0 -1.2
LIT Global X Lithium & Battery Tech ETF 2.1 75 0 9.1 -1.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.1 45 30 -0.6 -10.8
GOEX Global X Gold Explorers ETF 1.1 65 10 4.4 -5.8
SDIV Global X Superdividend ETF 1.1 58 17 14.9 +4.7
FIDI Fidelity International High Dividend ETF 1.0 18 57 10.9 +0.7
DRIV Global X Autonomous & Electric Vehicles ETF 0.9 68 7 4.8 -5.4
EIDO iShares MSCI Indonesia ETF 0.9 59 16 7.5 -2.7
ZSB USCF Sustainable Battery Metals Strategy Fund 0.9 61 14 18.6 +8.4
GMET VanEck Green Metals ETF 0.8 63 12 10.7 +0.5
RING iShares MSCI Global Gold Miners ETF 0.8 39 36 5.6 -4.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 19 13.5 +3.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 5 9.8 -0.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 5 3.8 -6.4
IDV iShares International Select Dividend ETF 0.5 51 24 12.2 +2.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.4 58 17 9.2 -1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 36 12.8 +2.6
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 17 8.8 -1.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 36 11.0 +0.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 26 7.0 -3.2
FLAU Franklin FTSE Australia ETF 0.2 9 66 5.4 -4.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 33 8.1 -2.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 17 6.4 -3.8
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 33 6.8 -3.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 35 6.6 -3.6
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 52 9.1 -1.1
DIM WisdomTree International MidCap Dividend Fund 0.1 58 17 7.7 -2.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 17 10.2 -0.0
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.9 -3.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 17 6.5 -3.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 7.2 -3.0
DTH WisdomTree International High Dividend Fund 0.1 58 17 10.1 -0.1
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 17 9.5 -0.7
DFEV Dimensional Emerging Markets Value ETF 0.1 43 32 11.1 +0.9
SCHC Schwab International Small-Cap Equity ETF 0.1 11 64 6.6 -3.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 68 6.7 -3.5
DISV Dimensional International Small Cap Value ETF 0.1 42 33 9.1 -1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.1 32 43 6.9 -3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 36 7.4 -2.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 5 7.7 -2.5
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 40 5.1 -5.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 35 7.9 -2.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 37 7.8 -2.4
IPAC iShares Core MSCI Pacific ETF 0.0 9 66 7.2 -3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 16 11.3 +1.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.0 44 31 10.6 +0.4
DWM WisdomTree International Equity Fund 0.0 48 27 8.0 -2.3
VPL Vanguard FTSE Pacific ETF 0.0 8 67 7.7 -2.5
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 33 6.4 -3.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 52 7.7 -2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 45 8.0 -2.2
AVEM Avantis Emerging Markets Equity ETF 0.0 33 42 8.9 -1.3
AVES Avantis Emerging Markets Value ETF 0.0 36 39 11.6 +1.4
AVDV Avantis International Small Cap Value ETF 0.0 36 39 8.1 -2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 36 7.5 -2.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 7.1 -3.1
AVDE Avantis International Equity ETF 0.0 23 52 8.1 -2.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 60 10.2 +0.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 39 7.8 -2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 60 7.2 -3.0
IQSI IQ Candriam International Equity ETF 0.0 15 60 6.6 -3.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 55 6.8 -3.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 30 11.0 +0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 0.0 15 60 6.3 -3.9
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 68 7.2 -3.0
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 40 7.3 -2.9
VXUS Vanguard Total International Stock ETF 0.0 7 68 7.2 -3.0
VEA Vanguard FTSE Developed Markets ETF 0.0 5 70 7.3 -2.9
VSGX Vanguard ESG International Stock ETF 0.0 12 63 6.8 -3.4
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 67 6.9 -3.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 7.3 -2.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 7.2 -3.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 64 8.4 -1.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 56 6.9 -3.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 26 8.2 -2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 57 7.0 -3.2
BKIE BNY Mellon International Equity ETF 0.0 4 71 7.1 -3.1
DEW WisdomTree Global High Dividend Fund 0.0 58 17 8.5 -1.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 55 7.0 -3.2
SCHF Schwab International Equity ETF 0.0 6 69 7.5 -2.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.1 -3.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 9 10.0 -0.2
RSSL Global X Russell 2000 ETF 0.0 8 67 2.6 -7.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 30 6.5 -3.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 67 7.3 -3.0
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 50 8.5 -1.7
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 66 7.5 -2.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 68 7.3 -2.9
VT Vanguard Total World Stock ETF 0.0 7 68 5.5 -4.7
SCHE Schwab Emerging Markets Equity ETF 0.0 11 64 7.1 -3.1
SPEU SPDR Portfolio Europe ETF 0.0 7 68 7.1 -3.1
IEUR iShares Core MSCI Europe ETF 0.0 11 64 7.1 -3.1
VGK Vanguard FTSE Europe ETF 0.0 11 64 7.1 -3.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 34 7.4 -2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 66 5.4 -4.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 33 5.1 -5.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 34 7.4 -2.8

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:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 7.3 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 CATEGORY
AVERAGE		 1.53
 
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.