HDFC Nifty Metal ETF vs ICICI Prudential Nifty Commodities ETF
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 Nifty Commodities ETF is an ETF fund. HDFC Nifty Metal ETF charges 0.59% a year and ICICI Prudential Nifty Commodities ETF 0.35%. Their portfolios overlap 30.6%: they hold 8 of the same securities.
ICICI Prudential Nifty Commodities ETF
ETF
- Expense ratio
- 0.35%
- NAV
- ₹91.59
Which is better, HDFC Nifty Metal ETF or ICICI Prudential Nifty Commodities ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Nifty Commodities ETF costs less: 0.35% a year against 0.59%.
- ICICI Prudential Nifty Commodities ETF fell less in its worst fall since 27-07-2026: −11.9% against −15.1%.
- HDFC Nifty Metal ETF is the larger fund: ₹120 Cr against ₹117 Cr.
- Their portfolios overlap 30.6%: 8 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 Nifty Commodities ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Not available | ETF |
| AUM | ₹120 Cr (30-09-2026) | ₹117 Cr (30-09-2026) |
| NAV | ₹117.93 | ₹91.59 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Nifty Commodities TRI |
| Launch date | Not available | 15-12-2022 |
| Minimum investment | Not available | During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul |
| Lock in | Not available | None |
| Fund managers | Not available | Nishit Patel, Ashwini Bharucha, Venus Ahuja |
| Exit load | Not available | Not available |
HDFC Nifty Metal ETF vs ICICI Prudential Nifty Commodities ETF: 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 Nifty Commodities ETF | −3.65% | −8.44% | −12.04% | −4.83% | +13.50% | -- | -- |
HDFC Nifty Metal ETF vs ICICI Prudential Nifty Commodities ETF: Year-wise Returns
| Year | HDFC Nifty MetalHDFC Nifty Metal ETF | ICICI Prudential Nifty CommoditiesICICI Prudential Nifty Commodities ETF |
|---|---|---|
| 2026to date | -- | −5.16% |
| 2025 | -- | +18.06% |
| 2024 | -- | +5.78% |
| 2023 | -- | +30.09% |
HDFC Nifty Metal ETF vs ICICI Prudential Nifty Commodities ETF: 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 Nifty Commodities ETF: 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 Nifty Commodities ETF |
|---|---|---|
| Return (CAGR) | −19.43% | +11.45% |
| Standard deviation | 21.06% | 17.30% |
| Sharpe ratio | -1.17 | 0.30 |
| Sortino ratio | -1.48 | 0.41 |
| Maximum drawdown | −15.1% (23-10-2026) | −22.5% (13-01-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.53% | −0.40% |
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 Nifty Commodities ETF
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 Nifty Commodities ETF | −11.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −10.2% |
| 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 Nifty Commodities ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty Metal ETF, September 2026; ICICI Prudential Nifty Commodities ETF, September 2026
Holdings in common
- Overlap
- 30.6%
- Held by both
- 8
- Only in HDFC Nifty Metal ETF
- 7
- Only in ICICI Prudential Nifty Commodities ETF
- 22
| Security | % of HDFC Nifty Metal ETF | % of ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Tata Steel Ltd. | 17.29% | 7.37% |
| Hindalco Industries Ltd. | 15.42% | 6.57% |
| JSW Steel Ltd. | 13.65% | 5.82% |
| Vedanta Aluminium Metal Limited | 7.92% | 3.37% |
| Vedanta Ltd. | 5.16% | 2.20% |
| Jindal Steel Limited. | 4.76% | 2.03% |
| APL Apollo Tubes Ltd. | 4.51% | 1.92% |
| NMDC Limited | 2.99% | 1.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.6% means 30.6% 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% |
| National Aluminium Co. Ltd. | 3.46% |
| Hindustan Zinc Ltd. | 3.08% |
| Steel Authority Of India Ltd. | 2.97% |
| Lloyds Metals & Energy Ltd. | 2.92% |
Largest holdings only in ICICI Prudential Nifty Commodities ETF
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 9.91% |
| NTPC Ltd. | 7.39% |
| Ultratech Cement Ltd. | 6.25% |
| Grasim Industries Ltd. | 5.57% |
| Coal India Ltd. | 4.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty Metal ETF | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | HDFC Nifty Metal ETF | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Large Cap | 78.4% | 85.4% |
| Mid Cap | 21.6% | 14.6% |
| Small Cap | 0.0% | 0.0% |
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 Nifty Commodities ETF |
|---|---|---|
| Ferrous Metals | 41.3% | 15.2% |
| Non - Ferrous Metals | 31.9% | 9.9% |
| Power | 0.0% | 22.4% |
| Petroleum Products | 0.0% | 16.9% |
| Cement & Cement Products | 0.0% | 14.4% |
| Metals & Minerals Trading | 11.1% | 0.0% |
| Minerals & Mining | 5.9% | 1.3% |
| Oil | 0.0% | 5.4% |
| Diversified Metals | 5.2% | 2.2% |
| Industrial Products | 4.5% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty Metal ETF vs ICICI Prudential Nifty Commodities ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty Metal ETF | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.00% |
| Base expense ratio (Regular) | 0.30% | 0.26% |
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.
HDFC Nifty Metal ETF vs ICICI Prudential Nifty Commodities ETF: Frequently Asked Questions
What is the difference between HDFC Nifty Metal ETF and ICICI Prudential Nifty Commodities ETF?
HDFC Nifty Metal ETF is a mutual fund, ICICI Prudential Nifty Commodities ETF is an ETF fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 30.6%. HDFC Nifty Metal ETF charges 0.59% a year and ICICI Prudential Nifty Commodities ETF 0.35%.
Which has the lower expense ratio, HDFC Nifty Metal ETF or ICICI Prudential Nifty Commodities ETF?
ICICI Prudential Nifty Commodities ETF charges less: 0.35% a year against 0.59%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty Metal ETF and ICICI Prudential Nifty Commodities ETF overlap?
30.6%. They hold 8 of the same securities, the largest shared ones being TATASTEEL, HINDALCO, JSWSTEEL. From each fund's latest monthly portfolio.
Can I invest in both HDFC Nifty Metal ETF and ICICI Prudential Nifty Commodities ETF?
Yes. 30.6% 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.