Data as of Nov 4, 2026.
AGMI vs ISTM: Holdings Overlap & Returns
Over the year to Nov 4, 2026, AGMI returned +34.3% to ISTM's +18.3%; 0% of their weight is in the same names.
askIQ about this page
askIQ about AGMI and ISTM
Net assets on Nov 4, 2026: $8.8m for Themes Silver Miners ETF and $28m for iShares Strategic Metals ETF.
14% of AGMI's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.
1% of ISTM's weight is in S&P 500 companies and 99% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
AGMI costs 0.12 points a year less; their one-year returns differ by 16.0 points; ISTM is 3.2 times larger.
Points (pts) are percentage points.
| Measure | AGMI | ISTM |
|---|---|---|
| Return | ||
| Total return, 1 year | +34.3% | +18.3% |
| Drawdown | ||
| Below its all-time high | 29.8%, high on Feb 27, 2026 | 22.6%, high on Jan 29, 2026 |
| Against its benchmark | ||
| What it tracks | Silver miners | Rare earth and critical materials |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | ahead by 19.3 pts | |
| Cost and size | ||
| Expense ratio | 0.35% | 0.47% |
| Net assets | $8.8m | $28m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
May 10, 2024 to Oct 30, 2026 · 129 weekly returnsFrom May 2024 to Oct 2026, AGMI returned more: +129.0% to +41.3%. ISTM swung less: 23.4% to 46.3%. ISTM fell less at its worst: −18.9% to −35.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AGMI | ISTM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +129.0% | +41.3% | AGMI | Price change plus distributions, reinvested. |
| Annualized | +39.7% | +14.9% | AGMI | Total return as a yearly rate. |
| Price return | +115.1% | −5.5% | AGMI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 46.3% | 23.4% | ISTM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 29.2% | 16.5% | ISTM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.5% | −18.9% | ISTM | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.86 | 0.53 | AGMI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.36 | 0.75 | AGMI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.12 | 0.79 | AGMI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 129 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AGMI and ISTM hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | AGMI | ISTM | AGMI | ISTM |
| 3 months | −7.6% | −8.4% | −6.3 pts vs ACWI | not measured |
| 6 months | −13.2% | −12.6% | −15.8 pts vs ACWI | not measured |
| 1 year | +34.3% | +18.3% | +19.3 pts vs ACWI | not measured |
| 3 years | – | +68.3% | – | not measured |
| Since launchNot the same days: AGMI May 2024 · ISTM Sep 2023 | +166.6% | +66.9% | +114.5 pts vs ACWI | not measured |
– means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
Client brief:
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
ISTM
By weight, 1% of ISTM'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 11% of the fund across 86 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +18.3% with distributions reinvested. It sits 22.6% below its all-time high of Jan 29, 2026.
Questions people ask
- Do AGMI and ISTM hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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 ISTM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/agmi-vs-istm
ETFIQ. (Nov 4, 2026). AGMI against ISTM. Retrieved from https://etfiq.com/compare/themes/agmi-vs-istm
[AGMI against ISTM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/agmi-vs-istm)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.