Data as of .
AGMI vs SETM: which is really different?
AGMI and SETM hold 20% of their weight in the same names, and AGMI returned more over the year.
ETFIQ Off-Index Score: SETM scores higher
How much of it is not the index it is sold as an alternative to?
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
20% 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 SETM hold 20% of their money in the same securities at the same weight.
| Holding | AGMI | SETM |
|---|---|---|
| First Majestic Silver Corp | 4.57% | 3.42% |
| Aya Gold & Silver Inc | 4.62% | 2.50% |
| Freeport-McMoRan Inc | 2.31% | 5.00% |
| Southern Copper Corp | 4.42% | 2.17% |
| Hecla Mining Co | 1.82% | 3.46% |
| KGHM Polska Miedz SA | 2.69% | 1.35% |
| Silvercorp Metals Inc | 3.65% | 1.07% |
| Endeavour Silver Corp | 4.17% | 0.99% |
| Teck Resources Ltd | 0.71% | 3.20% |
| Americas Gold & Silver Corp | 1.99% | 0.69% |
| AbraSilver Resource Corp | 2.02% | 0.44% |
| GoGold Resources Inc | 1.88% | 0.41% |
| Only in AGMI | Only in SETM |
|---|---|
| Pan American Silver Corp 10.02% | Cameco Corp. 4.91% |
| Industrias Penoles SAB de CV 10.00% | Lynas Rare Earths Ltd. 4.73% |
| Newmont Corp 9.94% | PLS Group Ltd. 4.05% |
| Wheaton Precious Metals Corp 6.76% | NAC Kazatomprom JSC 3.57% |
| Fresnillo PLC 4.64% | Albemarle Corp. 3.37% |
| Zijin Mining Group Co Ltd 4.14% | Uranium Energy Corp. 3.27% |
| COEUR MINING INC. 2.91% | Sociedad Quimica y Minera de Chile SA 3.19% |
| Triple Flag Precious Metals Corp 2.35% | MP Materials Corp. 3.01% |
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 Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AGMI | SETM | AGMI | SETM | AGMI | SETM | |
| 3 months | +12.8% | −9.0% | +10.6 pts | −11.3 pts | +15.3 pts | −6.5 pts |
| 6 months | +25.8% | +5.4% | +7.7 pts | −12.6 pts | +1.5 pts | −18.8 pts |
| 1 year | +64.5% | +37.9% | +47.9 pts | +21.4 pts | +42.7 pts | +16.2 pts |
| 3 years | not published | +82.1% | not published | +3.7 pts | not published | −16.1 pts |
| Since launch | +218.8% | +61.6% | +165.5 pts | −30.1 pts | +151.2 pts | −74.6 pts |
| AGMI Themes Silver Miners ETF Holds 38 stocks in silver miners, 12% of its weight in S&P 500 companies | SETM Sprott Critical Materials ETF Holds 156 stocks in rare earth and critical materials, 8% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Themes | Sprott |
| Theme | Silver miners | Rare earth and critical materials |
| In the S&P 500 | 12.4% | 8.4% |
| Active share vs the S&P 500 | 99.7% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 38 | 156 |
| Top ten, share of the fund | 63.2% | 39.0% |
| Expense ratio | 0.35% | 0.65% |
| Fee for the differing part | 0.35% | 0.65% |
| Total return, 1 year | +64.5% | +37.9% |
| vs the S&P 500 | +47.9 pts | +21.4 pts |
| vs the Nasdaq-100 | +42.7 pts | +16.2 pts |
| Below its high | −16.1% | −21.8% |
| Net assets | $13m | $568m |
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 published by its issuer for Sep 21, 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.
SETM in plain words
By weight, 8% of SETM'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 39% of the fund across 156 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +37.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 21.4 pts. It sits 21.8% below its all-time high of Jan 28, 2026.
Questions people ask
- Do AGMI and SETM hold the same stocks?
- By their latest filings, 20% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, AGMI or SETM?
- AGMI has 12% of its weight in S&P 500 names and SETM has 8%, so SETM differs more from the index.
- Which is cheaper, AGMI or SETM?
- AGMI charges 0.35% a year and SETM charges 0.65%, 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.
Cite this page. ETFIQ, AGMI against SETM, data as of Sep 18, 2026. https://etfiq.com/compare/themes/agmi-vs-setm Free to use with attribution; the underlying files are at Open data.