NIKL
Sprott Nickel Miners ETF
NIKL tracks an index of nickel related companies around the globe. Securities are selected based on revenue and weighted by market-cap.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 38.1 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Mar 21, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ANEKA TAMBANG TBK PT | 15.6 % |
| NICKEL MINES LTD. | 12.9 % |
| MERDEKA BATTERY MATERIALS TBK PT | 8.4 % |
| INDEPENDENCE GROUP NL | 8.1 % |
| TALON METALS CORP. | 6.8 % |
| TRIMEGAH BANGUN PERSADA TBK PT | 4.9 % |
| NICKEL ASIA CORP | 4.5 % |
| INTERNATIONAL NICKEL INDONES | 4.5 % |
| MAGNA MINING, INC. | 3.8 % |
| LIFEZONE HOLDINGS LTD | 3.6 % |
Constituent Breakdown
| Number of holdings | 10 |
| Herfindahl-Hirschman Index | 768 |
| Wgt avg mkt cap (mns) | $1,464 |
| Large cap (>$10bn) | 41.0% |
| Mid cap ($2-10bn) | 14.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 30.3% |
| Emerging mkts. | 28.1% |
Sector Breakdown
Country Exposure
 |
AUSTRALIA | 25.3 % |
 |
INDONESIA | 20.1 % |
 |
PHILIPPINES | 4.5 % |
 |
UNITED STATES | 3.6 % |
 |
CHINA | 3.3 % |
 |
CANADA | 1.8 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -14.4% | -9.2% | -0.7% | -11.1% | -- | -- | -- | -11.6% |
| Dividend Yield | 0.0% | 2.7% | 3.1% | 7.7% | -- | -- | -- | 6.4% |
| Total Returns | -14.4% | -6.5% | 2.4% | -3.4% | -- | -- | -- | -5.2% | Ann. Volatility | 46.6% | 43.6% | 37.8% | 34.8% | -- | -- | -- | 33.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.89 | 32% |
| MSCI EAFE | 1.75 | 41% |
| MSCI Emg Mkts | 1.04 | 37% |
Liquidity Measures
| Avg. volume (000) | 47 |
| ADV traded (mns) | $0 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.62% |
Technical Indicators
| 30d moving avg. (EMA) | $11.99 |
| Relative strength (RSI) | 30 |
| MACD/Signal | -0.80/-0.74 |
| Bollinger Bands (Upper/Lower) | $13.39/$9.78 |
| Short interest (% of AUM) | 1.2% |
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. NIKL |
Expenses vs. NIKL |
ALTAR Score™ vs. NIKL |
|---|---|---|---|---|
| ION | ProShares S&P Global Core Battery Metals ETF | 10.6% | -17 bp | -1.7% |
Risk and Returns: NIKL 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 11/6/2026
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
10.4%
ALTAR SCORE™
98th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. NIKL's ALTAR Score™ is approximately 2.1 standard
deviations above the category average. This places NIKL in the 98th percentile
among funds in the category.
Sell-Side Consensus
$17.13
PRICE TARGET
+63.8%
UPSIDE
Bid/Ask Spreads
62 bp
AVG SPREAD
30 —
105 bp
RANGE