HDFC Nifty Metal ETF vs ICICI Prudential Commodities Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Nifty Metal ETF is a mutual fund and ICICI Prudential Commodities Fund is a Thematic fund. HDFC Nifty Metal ETF charges 0.59% a year and ICICI Prudential Commodities Fund 1.04%. Their portfolios overlap 39.0%: they hold 11 of the same securities.
ICICI Prudential Commodities Fund
Thematic
- Expense ratio
- 1.04%
- NAV
- ₹47.23
Which is better, HDFC Nifty Metal ETF or ICICI Prudential Commodities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Nifty Metal ETF costs less: 0.59% a year against 1.04%.
- ICICI Prudential Commodities fell less in its worst fall since 27-07-2026: −14.3% against −15.1%.
- ICICI Prudential Commodities holds 8.2% of the fund in foreign stocks; HDFC Nifty Metal ETF 0.0%.
- HDFC Nifty Metal ETF holds more in large companies: 78.4% of the fund in large caps against 39.0%.
- ICICI Prudential Commodities is the larger fund: ₹4,133 Cr against ₹120 Cr.
- Their portfolios overlap 39.0%: 11 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC Nifty Metal ETF | ICICI Prudential Commodities Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Not available | Thematic |
| AUM | ₹120 Cr (30-09-2026) | ₹4,133 Cr (30-09-2026) |
| NAV | ₹117.93 | ₹47.23 (Direct) |
| Expense ratio (Direct) | Not available | 1.04% |
| Expense ratio (Regular) | Not available | 1.96% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Nifty Commodities TRI |
| Launch date | Not available | 15-10-2019 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Lalit Kumar |
| Exit load | Not available | Exit load of 1% if redeemed within 3 months. |
HDFC Nifty Metal ETF vs ICICI Prudential Commodities: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC Nifty Metal ETF | −7.53% | −7.11% | -- | -- | -- | -- | -- |
| ICICI Prudential Commodities Fund (Direct) | −6.18% | −7.54% | −8.89% | −2.42% | +14.92% | +13.00% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Nifty Metal ETF vs ICICI Prudential Commodities: Year-wise Returns
| Year | HDFC Nifty Metal ETFHDFC Nifty Metal ETF | ICICI Prudential CommoditiesICICI Prudential Commodities |
|---|---|---|
| 2026to date | -- | −3.61% |
| 2025 | -- | +19.19% |
| 2024 | -- | +9.45% |
| 2023 | -- | +28.72% |
| 2022 | -- | +16.25% |
| 2021 | -- | +72.75% |
HDFC Nifty Metal ETF vs ICICI Prudential Commodities: Rolling Returns
Every holding period of both funds, against Nifty Metal TRI, the benchmark of HDFC Nifty Metal ETF
HDFC Nifty Metal ETF vs ICICI Prudential Commodities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty Metal ETF | ICICI Prudential Commodities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −19.43% | +24.69% |
| Standard deviation | 21.06% | 22.74% |
| Sharpe ratio | -1.17 | 0.86 |
| Sortino ratio | -1.48 | 1.17 |
| Maximum drawdown | −15.1% (23-10-2026) | −41.2% (24-03-2020) |
| Beta | 1.00 | 1.01 |
| Alpha | −0.53% | +7.83% |
From daily NAVs, 27-07-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
HDFC Nifty Metal ETF
ICICI Prudential Commodities Fund (Direct)
Nifty Metal TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty Metal ETF | −15.1% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.9% |
| ICICI Prudential Commodities Fund (Direct) | −14.3% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.0% |
| Nifty Metal TRI | −15.1% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.8% |
From daily values since 27-07-2026, the first day every fund has.
HDFC Nifty Metal ETF vs ICICI Prudential Commodities: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty Metal ETF, September 2026; ICICI Prudential Commodities Fund, September 2026
Holdings in common
- Overlap
- 39.0%
- Held by both
- 11
- Only in HDFC Nifty Metal ETF
- 4
- Only in ICICI Prudential Commodities
- 35
| Security | % of HDFC Nifty Metal ETF | % of ICICI Prudential Commodities |
|---|---|---|
| JSW Steel Ltd. | 13.65% | 6.62% |
| Vedanta Aluminium Metal Limited | 7.92% | 6.57% |
| Jindal Steel Limited. | 4.76% | 7.67% |
| Hindalco Industries Ltd. | 15.42% | 4.51% |
| Vedanta Ltd. | 5.16% | 3.79% |
| APL Apollo Tubes Ltd. | 4.51% | 2.85% |
| Jindal Stainless Ltd. | 2.65% | 4.69% |
| National Aluminium Co. Ltd. | 3.46% | 2.40% |
| Steel Authority Of India Ltd. | 2.97% | 2.14% |
| Tata Steel Ltd. | 17.29% | 2.00% |
| Hindustan Zinc Ltd. | 3.08% | 0.72% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.0% means 39.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in HDFC Nifty Metal ETF
| Security | % of fund |
|---|---|
| ADANI ENTERPRISES LIMTIED | 11.13% |
| NMDC Limited | 2.99% |
| Lloyds Metals & Energy Ltd. | 2.92% |
| HINDUSTAN COPPER LIMITED | 2.07% |
Largest holdings only in ICICI Prudential Commodities Fund
| Security | % of fund |
|---|---|
| Hindustan Petroleum Corporation Ltd. | 8.28% |
| UPL Ltd. | 3.90% |
| Ultratech Cement Ltd. | 3.89% |
| Usha Martin Ltd. | 3.79% |
| Navin Fluorine International Ltd. | 3.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty Metal ETF | ICICI Prudential Commodities |
|---|---|---|
| Equity | 100.0% | 98.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 2.0% |
Market cap of stocks
| Market cap | HDFC Nifty Metal ETF | ICICI Prudential Commodities |
|---|---|---|
| Large Cap | 78.4% | 39.0% |
| Mid Cap | 21.6% | 26.9% |
| Small Cap | 0.0% | 23.8% |
| Foreign stocks | 0.0% | 8.2% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | HDFC Nifty Metal ETF | ICICI Prudential Commodities |
|---|---|---|
| Ferrous Metals | 41.3% | 23.5% |
| Non - Ferrous Metals | 31.9% | 18.2% |
| Chemicals & Petrochemicals | 0.0% | 17.6% |
| Metals & Minerals Trading | 11.1% | 0.0% |
| Petroleum Products | 0.0% | 9.6% |
| Industrial Products | 4.5% | 7.3% |
| Fertilizers & Agrochemicals | 0.0% | 7.0% |
| Minerals & Mining | 5.9% | 0.1% |
| Diversified Metals | 5.2% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty Metal ETF vs ICICI Prudential Commodities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty Metal ETF | ICICI Prudential Commodities Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.04% |
| Base expense ratio (Direct) | 0.00% | 0.84% |
| Total expense ratio (Regular) | Not available | 1.96% |
| Base expense ratio (Regular) | 0.30% | 1.63% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Commodities with
HDFC Nifty Metal ETF vs ICICI Prudential Commodities Fund: Frequently Asked Questions
What is the difference between HDFC Nifty Metal ETF and ICICI Prudential Commodities Fund?
HDFC Nifty Metal ETF is a mutual fund, ICICI Prudential Commodities Fund is a Thematic fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 39.0%. HDFC Nifty Metal ETF charges 0.59% a year and ICICI Prudential Commodities Fund 1.04%.
Which has the lower expense ratio, HDFC Nifty Metal ETF or ICICI Prudential Commodities Fund?
HDFC Nifty Metal ETF charges less: 0.59% a year against 1.04%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty Metal ETF and ICICI Prudential Commodities Fund overlap?
39.0%. They hold 11 of the same securities, the largest shared ones being JSWSTEEL, VAML, JINDALSTEL. From each fund's latest monthly portfolio.
Can I invest in both HDFC Nifty Metal ETF and ICICI Prudential Commodities Fund?
Yes. 39.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.