Snapshot*
Top 10 Holdings
What is NIKL?
Sprott Nickel Miners ETF (Nasdaq: NIKL) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners Index (NSNIKL). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.
ETFs related toNIKL
ETFs correlated to NIKL include REMX, EWA, PICK
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Automated Strategies
Related toNIKL
Diversify with Private Equity
Copy David Swensen
Create your own algorithmic trading strategy with NIKL using Composer
News Related to NIKL
Trump Invokes An Act From 1950s To Boost Domestic Mineral Industry
Mar 21, 2025 • by Stjepan Kalinic
EV Battery Metal Market Faces Downturn As Prices Plummet: What's Next For The Industry?
Feb 19, 2024 • by Piero Cingari
Looking For A Pure-Play Nickel ETF? Sprotts' NIKL Fund Holds 28 Miners, Including One Supplier To Tesla, GM
Jul 27, 2023 • by Melanie Schaffer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.