ICICI Prudential Nifty Commodities ETF vs Motilal Oswal Nifty Metal ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Commodities ETF is an ETF fund and Motilal Oswal Nifty Metal ETF is a mutual fund. ICICI Prudential Nifty Commodities ETF charges 0.35% a year and Motilal Oswal Nifty Metal ETF 4.67%. 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, ICICI Prudential Nifty Commodities ETF or Motilal Oswal Nifty Metal 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 4.67%.
- ICICI Prudential Nifty Commodities ETF fell less in its worst fall since 06-08-2026: −11.9% against −15.1%.
- ICICI Prudential Nifty Commodities ETF is the larger fund: ₹117 Cr against ₹2 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 | ICICI Prudential Nifty Commodities ETF | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹117 Cr (30-09-2026) | ₹2 Cr (30-09-2026) |
| NAV | ₹91.59 | ₹11.80 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty Commodities TRI | Not available |
| Launch date | 15-12-2022 | Not available |
| Minimum investment | 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 | Not available |
| Lock in | None | Not available |
| Fund managers | Nishit Patel, Ashwini Bharucha, Venus Ahuja | Not available |
| Exit load | Not available | Not available |
ICICI Prudential Nifty Commodities ETF vs Motilal Oswal Nifty Metal 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Commodities ETF | −3.65% | −8.44% | −12.04% | −4.83% | +13.50% | -- | -- |
| Motilal Oswal Nifty Metal ETF | −7.52% | -- | -- | -- | -- | -- | -- |
ICICI Prudential Nifty Commodities ETF vs Motilal Oswal Nifty Metal ETF: Year-wise Returns
| Year | ICICI Prudential Nifty CommoditiesICICI Prudential Nifty Commodities ETF | Motilal Oswal Nifty MetalMotilal Oswal Nifty Metal ETF |
|---|---|---|
| 2026to date | −5.16% | -- |
| 2025 | +18.06% | -- |
| 2024 | +5.78% | -- |
| 2023 | +30.09% | -- |
ICICI Prudential Nifty Commodities ETF vs Motilal Oswal Nifty Metal ETF: Rolling Returns
Every holding period of both funds, against Nifty Commodities TRI, the benchmark of ICICI Prudential Nifty Commodities ETF
ICICI Prudential Nifty Commodities ETF vs Motilal Oswal Nifty Metal ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty Commodities ETF | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Return (CAGR) | +11.45% | −36.61% |
| Standard deviation | 17.30% | 20.84% |
| Sharpe ratio | 0.30 | -2.01 |
| Sortino ratio | 0.41 | -2.40 |
| Maximum drawdown | −22.5% (13-01-2025) | −15.1% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.40% | −0.31% |
From daily NAVs, 16-12-2022 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.
ICICI Prudential Nifty Commodities ETF
Motilal Oswal Nifty Metal ETF
Nifty Commodities TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Commodities ETF | −11.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −10.2% |
| Motilal Oswal Nifty Metal ETF | −15.1% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.8% |
| Nifty Commodities TRI | −11.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −10.2% |
From daily values since 06-08-2026, the first day every fund has.
ICICI Prudential Nifty Commodities ETF vs Motilal Oswal Nifty Metal ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Commodities ETF, September 2026; Motilal Oswal Nifty Metal ETF, September 2026
Holdings in common
- Overlap
- 30.6%
- Held by both
- 8
- Only in ICICI Prudential Nifty Commodities ETF
- 22
- Only in Motilal Oswal Nifty Metal ETF
- 7
| Security | % of ICICI Prudential Nifty Commodities ETF | % of Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Tata Steel Ltd. | 7.37% | 17.24% |
| Hindalco Industries Ltd. | 6.57% | 15.37% |
| JSW Steel Ltd. | 5.82% | 13.60% |
| Vedanta Aluminium Metal Ltd. | 3.37% | 7.92% |
| Vedanta Ltd. | 2.20% | 5.14% |
| Jindal Steel Ltd. | 2.03% | 4.74% |
| APL Apollo Tubes Ltd. | 1.92% | 4.49% |
| NMDC Ltd. | 1.28% | 2.98% |
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 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% |
Largest holdings only in Motilal Oswal Nifty Metal ETF
| Security | % of fund |
|---|---|
| Adani Enterprises Limited | 11.10% |
| National Aluminium Company Limited | 3.45% |
| Hindustan Zinc Limited | 3.07% |
| Steel Authority of India Limited | 2.96% |
| Lloyds Metals And Energy Limited | 2.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty Commodities ETF | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Equity | 100.0% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.3% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty Commodities ETF | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Large Cap | 85.4% | 78.2% |
| Mid Cap | 14.6% | 21.5% |
| 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 | ICICI Prudential Nifty Commodities ETF | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Ferrous Metals | 15.2% | 41.2% |
| Non - Ferrous Metals | 9.9% | 31.9% |
| Power | 22.4% | 0.0% |
| Petroleum Products | 16.9% | 0.0% |
| Cement & Cement Products | 14.4% | 0.0% |
| Metals & Minerals Trading | 0.0% | 11.1% |
| Minerals & Mining | 1.3% | 5.9% |
| Oil | 5.4% | 0.0% |
| Diversified Metals | 2.2% | 5.1% |
| Industrial Products | 1.9% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Commodities ETF vs Motilal Oswal Nifty Metal ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Commodities ETF | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.00% |
| Base expense ratio (Regular) | 0.26% | 0.35% |
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.
ICICI Prudential Nifty Commodities ETF vs Motilal Oswal Nifty Metal ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Commodities ETF and Motilal Oswal Nifty Metal ETF?
ICICI Prudential Nifty Commodities ETF is an ETF fund, Motilal Oswal Nifty Metal ETF is a mutual fund, run by ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 30.6%. ICICI Prudential Nifty Commodities ETF charges 0.35% a year and Motilal Oswal Nifty Metal ETF 4.67%.
Which has the lower expense ratio, ICICI Prudential Nifty Commodities ETF or Motilal Oswal Nifty Metal ETF?
ICICI Prudential Nifty Commodities ETF charges less: 0.35% a year against 4.67%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Commodities ETF and Motilal Oswal Nifty Metal 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 ICICI Prudential Nifty Commodities ETF and Motilal Oswal Nifty Metal 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.