Do AGMI and GBUG hold the same stocks?

By their latest filings, 17% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, AGMI or GBUG?

AGMI has 14% of its weight in S&P 500 names and GBUG has 4%, so GBUG differs more from the index.

Which is cheaper, AGMI or GBUG?

AGMI charges 0.35% a year and GBUG charges 0.90%, so AGMI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AGMI vs GBUG: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AGMI returned +34.3% to GBUG's +29.6%; 17% of their weight is in the same names.

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Net assets on Nov 4, 2026: $8.8m for Themes Silver Miners ETF and $157m for Sprott Active Gold & Silver Miners ETF.

AGMI on its own →GBUG on its own →

At a glance

13.8%

AGMI in the S&P 500

3.6%

GBUG in the S&P 500

+34.3%

AGMI total return, 1 year

+29.6%

GBUG total return, 1 year

AGMI · 1 year to Nov 4, 2026 86% of its weight is outside the S&P 500

14% of AGMI's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.

GBUG · 1 year to Nov 4, 2026 96% of its weight is outside the S&P 500

4% of GBUG's weight is in S&P 500 companies and 96% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

AGMI costs 0.55 points a year less; their one-year returns differ by 4.7 points; GBUG is 17.8 times larger.

Points (pts) are percentage points.

AGMI vs GBUG: Holdings Overlap & Returns
Measure	AGMI	GBUG
Return
Measure	AGMI	GBUG
Total return, 1 year	+34.3%	+29.6%
Drawdown
Measure	AGMI	GBUG
Below its all-time high	29.8%, high on Feb 27, 2026	25.4%, high on Feb 27, 2026
Against its benchmark
Measure	AGMI	GBUG
What it tracks	Silver miners	Gold miners
Its benchmark, total return, 1 year	+15.0%
Against its benchmark, 1 year	ahead by 19.3 pts
Cost and size
Measure	AGMI	GBUG
Expense ratio	0.35%	0.90%
Net assets	$8.8m	$157m
Holdings
Measure	AGMI	GBUG
Holdings in common	17%

Method

What they share

17%

By the books each fund has filed, AGMI and GBUG hold 17% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

17% in common

Positions both hold · largest shared weight first AGMI GBUG

Newmont Corp 11.42% 3.56%

Wheaton Precious Metals Corp 7.09% 3.22%

COEUR MINING INC. 2.58% 3.16%

Endeavour Silver Corp 3.85% 1.36%

Vizsla Silver Corp 1.93% 1.36%

Anglogold Ashanti Plc 1.02% 2.30%

SSR Mining Inc 1.00% 1.54%

OR Royalties Inc 1.11% 0.96%

Americas Gold & Silver Corp 1.42% 0.66%

Pan American Silver Corp 9.99% 0.64%

AbraSilver Resource Corp 2.07% 0.51%

Wesdome Gold Mines Ltd 0.50% 3.33%

Only in one fund ↓

Only in AGMI

Industrias Penoles SAB de CV 9.60%

Aya Gold & Silver Inc 4.95%

Southern Copper Corp 4.85%

Fresnillo PLC 4.52%

Zijin Mining Group Co Ltd 4.26%

First Majestic Silver Corp 4.19%

Silvercorp Metals Inc 3.18%

KGHM Polska Miedz SA 2.67%

Only in GBUG

DPM Metals Inc. 5.11%

Discovery Mining Ltd. 4.80%

G Mining Ventures Corp. 4.74%

IAMGOLD Corp. 3.99%

Northern Star Resources Ltd. 3.84%

Montage Gold Corp. 3.53%

Eldorado Gold Corp. 3.47%

Agnico Eagle Mines Ltd. 3.26%

Check overlap with more funds →

Window by window

Window by window: AGMI vs GBUG: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AGMI	GBUG	AGMI	GBUG
3 months	−7.6%	−2.1%	−6.3 pts vs ACWI	not measured
6 months	−13.2%	−5.5%	−15.8 pts vs ACWI	not measured
1 year	+34.3%	+29.6%	+19.3 pts vs ACWI	not measured
Since launchNot the same days: AGMI May 2024 · GBUG Feb 2025	+166.6%	+117.5%	+114.5 pts vs ACWI	not measured

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Side by side

AGMI Themes Silver Miners ETF · Holds 47 stocks in silver miners, 14% of its weight in S&P 500 companies GBUG Sprott Active Gold & Silver Miners ETF · Holds 43 stocks in gold miners, 4% of its weight in S&P 500 companies

Issuer Themes Sprott

Theme Silver miners Gold miners

In the S&P 500 13.8% 3.6%

Active share vs the S&P 500 99.7% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 47 43

Top ten, share of the fund 64.7% 39.6%

Expense ratio 0.35% 0.90%

Fee for the differing part 0.35% 0.90%

Total return, 1 year +34.3% +29.6%

vs its benchmark +19.3 pts vs ACWI not measured

Below its high −29.8% −25.4%

Net assets $8.8m $157m

As of Nov 4, 2026. Source: ETFIQ.

17% of the two portfolios are the same securities at the same weight.

Alert

About each fund

AGMI

By weight, 14% of AGMI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 65% of the fund across 47 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +34.3% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 19.3 pts. It sits 29.8% below its all-time high of Feb 27, 2026.

GBUG

By weight, 4% of GBUG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 40% of the fund across 43 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +29.6% with distributions reinvested. It sits 25.4% below its all-time high of Feb 27, 2026.

Questions people ask

Do AGMI and GBUG hold the same stocks?: By their latest filings, 17% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AGMI or GBUG?: AGMI has 14% of its weight in S&P 500 names and GBUG has 4%, so GBUG differs more from the index.
Which is cheaper, AGMI or GBUG?: AGMI charges 0.35% a year and GBUG charges 0.90%, so AGMI is cheaper. Fees come from each fund's prospectus.

Other comparisons

AGMI vs AUMI AGMI vs RING AGMI vs GDXJ AGMI vs GDX GBUG vs SLVP GBUG vs SILJ GBUG vs SIL GBUG vs AUAU

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AGMI on its own →GBUG on its own →AGMI dividend history →AGMI holdings →GBUG dividend history →GBUG holdings →Method →Standards and sources →

Sources and dates

AGMI filings on SEC EDGAR ↗

AGMI prospectus with the expense ratio (SEC) ↗

Themes page for AGMI ↗

GBUG filings on SEC EDGAR ↗

GBUG prospectus with the expense ratio (SEC) ↗

Sprott page for GBUG ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AGMI against GBUG, data as of Nov 4, 2026. https://etfiq.com/compare/themes/agmi-vs-gbug

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