Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

AGMI vs PICK: which is really different?

AGMI and PICK hold 6% of their weight in the same names, and AGMI returned more over the year.

Themes Silver Miners ETF and iShares MSCI Global Metals & Mining Producers ETF.

12.4%AGMI in the S&P 500
11.8%PICK in the S&P 500
+64.5%AGMI total return, 1 year
+49.6%PICK total return, 1 year

ETFIQ Off-Index Score: AGMI scores higher

How much of it is not the index it is sold as an alternative to?

AGMI 74PICK 740.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

AGMI88% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
12%88%inof its weight outside the S&P 500active share 100% · top ten 63% of the fund · 38 holdings filed Jun 30, 2026 · Nasdaq-100: 0% in12%88%inof its weight outside the S&P 500active share 100% · top ten 63% of the fund
PICK88% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
12%88%inof its weight outside the S&P 500active share 100% · top ten 47% of the fund · 279 holdings filed Sep 17, 2026 · Nasdaq-100: 0% in12%88%inof its weight outside the S&P 500active share 100% · top ten 47% of the fund

6% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, AGMI and PICK hold 6% of their money in the same securities at the same weight.

Positions AGMI and PICK both hold, largest shared weight first
HoldingAGMIPICK
Freeport-McMoRan Inc2.65%6.26%
Southern Copper Corp3.65%1.11%
KGHM Polska Miedz SA2.61%0.76%
MMG Ltd0.11%0.33%
Americas Gold & Silver Corp2.22%0.09%
AbraSilver Resource Corp2.61%0.07%
Only in each
Only in AGMIOnly in PICK
Newmont Corp 9.72%BHP GROUP LTD 13.44%
Fresnillo PLC 9.66%RIO TINTO PLC 6.27%
Industrias Penoles SAB de CV 9.56%GLENCORE PLC 4.26%
Wheaton Precious Metals Corp 7.00%ANGLO AMERICAN PLC 3.41%
Discovery Silver Corp 6.31%NUCOR 3.36%
First Majestic Silver Corp 4.61%CIA VALE DO RIO DOCE SH 3.17%
Aya Gold & Silver Inc 4.37%RIO TINTO LTD 2.69%
Endeavour Silver Corp 4.16%GRUPO MEXICO B 2.19%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.

Performance, window by window

AGMI and PICK over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
AGMIPICKAGMIPICKAGMIPICK
3 months+12.8%−1.8%+10.6 pts−4.0 pts+15.3 pts+0.7 pts
6 months+25.8%+20.2%+7.7 pts+2.2 pts+1.5 pts−4.0 pts
1 year+64.5%+49.6%+47.9 pts+33.1 pts+42.7 pts+27.9 pts
3 yearsnot published+67.1%not published−11.3 ptsnot published−31.1 pts
Since launch+218.8%+114.0%+165.5 pts−527.4 pts+151.2 pts−1122.5 pts
Open the live comparison on ETFIQ
AGMI and PICK on the same fields, as of Sep 18, 2026. Source: ETFIQ.
AGMI
Themes Silver Miners ETF
Holds 38 stocks in silver miners, 12% of its weight in S&P 500 companies
PICK
iShares MSCI Global Metals & Mining Producers ETF
Holds 279 stocks in miners and metals, 12% of its weight in S&P 500 companies
IssuerThemesiShares
ThemeSilver minersMiners and metals
In the S&P 50012.4%11.8%
Active share vs the S&P 50099.7%99.7%
In the Nasdaq-1000.0%0.0%
Holdings38279
Top ten, share of the fund63.2%47.2%
Expense ratio0.35%0.39%
Fee for the differing part0.35%0.39%
Total return, 1 year+64.5%+49.6%
vs the S&P 500+47.9 pts+33.1 pts
vs the Nasdaq-100+42.7 pts+27.9 pts
Below its high−16.1%−9.6%
Net assets$13m$2.5bn

AGMI in plain words

By weight, 12% 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 63% of the fund across 38 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +64.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 47.9 pts. It sits 16.1% below its all-time high of Feb 27, 2026.

PICK in plain words

By weight, 12% of PICK'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 47% of the fund across 279 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +49.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.1 pts. It sits 9.6% below its all-time high of Jun 2, 2026.

Questions people ask

Do AGMI and PICK hold the same stocks?
By their latest filings, 6% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AGMI or PICK?
AGMI has 12% of its weight in S&P 500 names and PICK has 12%, so AGMI differs more from the index.
Which is cheaper, AGMI or PICK?
AGMI charges 0.35% a year and PICK charges 0.39%, so AGMI is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

AGMI against PICK, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, AGMI against PICK, data as of Sep 18, 2026. https://etfiq.com/compare/themes/agmi-vs-pick Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources