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Sprott Active Gold & Silver Miners ETF (GBUG)



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Upturn Advisory Summary
10/10/2025: GBUG (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 26.71% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 18.39 - 27.68 | Updated Date 06/6/2025 |
52 Weeks Range 18.39 - 27.68 | Updated Date 06/6/2025 |
Upturn AI SWOT
Sprott Active Gold & Silver Miners ETF
ETF Overview
Overview
The Sprott Active Gold & Silver Miners ETF (SPPP) is an actively managed ETF that invests primarily in gold and silver mining companies. It aims to provide investors with exposure to the precious metals mining sector, with a focus on companies believed to have strong growth potential.
Reputation and Reliability
Sprott is a well-regarded firm specializing in precious metals and natural resource investments. They have a solid track record and reputation for expertise in this sector.
Management Expertise
Sprott's management team has extensive experience in precious metals investing, including portfolio management, research, and trading. Their deep understanding of the mining sector is a key advantage.
Investment Objective
Goal
The ETF seeks long-term capital appreciation by investing in a portfolio of global gold and silver mining companies.
Investment Approach and Strategy
Strategy: The ETF is actively managed and does not track a specific index. The managers select companies based on fundamental research and analysis, seeking to identify those with strong growth potential.
Composition The ETF holds primarily the stocks of gold and silver mining companies, with a global focus. It may also hold a small portion of its assets in other securities.
Market Position
Market Share: Data not readily available without live data feeds.
Total Net Assets (AUM): 40484066
Competitors
Key Competitors
- VanEck Gold Miners ETF (GDX)
- VanEck Junior Gold Miners ETF (GDXJ)
- iShares MSCI Global Gold Miners ETF (RING)
Competitive Landscape
The gold and silver miners ETF market is competitive, dominated by larger, established ETFs like GDX and GDXJ. SPPP differentiates itself through active management, seeking alpha by identifying specific companies. This approach can lead to higher returns, but also carries higher risk compared to passively managed index funds. SPPP's smaller size means it has less liquidity than its larger competitors.
Financial Performance
Historical Performance: Historical performance data varies year-to-year and is not readily available without live data feeds.
Benchmark Comparison: Benchmark comparison depends on chosen benchmark and is not readily available without live data feeds.
Expense Ratio: 0.75
Liquidity
Average Trading Volume
The ETF's average trading volume is moderately low, indicating potentially wider bid-ask spreads compared to larger ETFs.
Bid-Ask Spread
The bid-ask spread can fluctuate based on market conditions and trading volume, potentially impacting the cost of trading.
Market Dynamics
Market Environment Factors
SPPP is significantly influenced by gold and silver prices, macroeconomic conditions, interest rates, and geopolitical events. Investor sentiment towards precious metals also plays a crucial role.
Growth Trajectory
SPPP's growth trajectory is linked to the performance of the gold and silver mining sector and the fund manager's ability to select promising companies. Changes in strategy and holdings are driven by market opportunities and risk assessment.
Moat and Competitive Advantages
Competitive Edge
SPPP's primary advantage is its active management, which aims to outperform passive indices by selecting companies with high growth potential. The management team leverages deep sector expertise and fundamental analysis to identify undervalued opportunities. This active approach provides flexibility to adjust the portfolio based on market conditions and emerging trends. However, active management also involves higher fees and relies heavily on the manager's skill. Ultimately, SPPP aims to offer investors superior risk-adjusted returns through its active management style.
Risk Analysis
Volatility
SPPP's volatility is high due to its focus on gold and silver mining stocks, which are inherently more volatile than broader market indices.
Market Risk
The primary market risks include fluctuations in gold and silver prices, geopolitical instability, regulatory changes affecting mining operations, and company-specific risks related to exploration, production, and cost management.
Investor Profile
Ideal Investor Profile
The ideal investor is someone with a higher risk tolerance who seeks exposure to gold and silver mining stocks for potential capital appreciation. They should understand the cyclical nature of the precious metals market and be comfortable with volatility.
Market Risk
SPPP is more suitable for investors with a longer-term investment horizon and a willingness to accept higher risk for potentially higher returns. It is less suitable for risk-averse investors or those seeking passive index exposure.
Summary
The Sprott Active Gold & Silver Miners ETF (SPPP) is an actively managed fund focusing on gold and silver mining companies, aiming for capital appreciation. Its active approach offers the potential for outperformance but also introduces higher fees and manager risk. SPPP is suitable for investors with a higher risk tolerance seeking exposure to the precious metals sector and willing to accept volatility. Key factors influencing its performance include gold and silver prices, market sentiment, and the fund manager's stock-picking ability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Sprott Asset Management Website
- ETFdb.com
- Morningstar.com
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own due diligence and consultation with a financial advisor. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sprott Active Gold & Silver Miners ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund seeks to achieve its investment objective by investing 80% of its net assets in shares of gold and silver, focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. The investment strategy of the fund is value oriented and contrarian. The fund is non-diversified.

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