Data as of .
AGMI vs SIL: which is really different?
AGMI and SIL hold 42% of their weight in the same names, and AGMI returned more over the year.
ETFIQ Off-Index Score: SIL 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
42% 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 SIL hold 42% of their money in the same securities at the same weight.
| Holding | AGMI | SIL |
|---|---|---|
| Wheaton Precious Metals Corp | 7.00% | 24.02% |
| First Majestic Silver Corp | 4.61% | 4.65% |
| Industrias Penoles SAB de CV | 9.56% | 4.58% |
| Fresnillo PLC | 9.66% | 4.06% |
| Pan American Silver Corp | 3.99% | 11.27% |
| Coeur Mining Inc | 3.24% | 10.87% |
| Hecla Mining Co | 2.44% | 4.81% |
| Aya Gold & Silver Inc | 4.37% | 2.28% |
| Endeavour Silver Corp | 4.16% | 1.75% |
| Silvercorp Metals Inc | 3.80% | 1.46% |
| SSR Mining Inc | 1.44% | 4.23% |
| OR Royalties Inc | 1.40% | 3.98% |
| Only in AGMI | Only in SIL |
|---|---|
| Newmont Corp 9.72% | CIA DE MINAS BUENAVENTUR-ADR 3.67% |
| Discovery Silver Corp 6.31% | DISCOVERY MINING LTD 3.26% |
| Southern Copper Corp 3.65% | KOREA ZINC CO LTD 2.18% |
| Zijin Mining Group Co Ltd 3.51% | TRIPLE FLAG PRECIOUS MET 1.33% |
| Triple Flag Precious Metals Co 3.15% | AMERICAS GOLD AND SILVER CORP 0.65% |
| Freeport-McMoRan Inc 2.65% | AVINO SILVER & GOLD MINES 0.58% |
| KGHM Polska Miedz SA 2.61% | HYCROFT MINING HOLDING CO-A 0.56% |
| Americas Gold & Silver Corp 2.22% | MCEWEN INC 0.56% |
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
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AGMI | SIL | AGMI | SIL | AGMI | SIL | |
| 3 months | +12.8% | +13.9% | +10.6 pts | +11.6 pts | +15.3 pts | +16.3 pts |
| 6 months | +25.8% | +20.4% | +7.7 pts | +2.4 pts | +1.5 pts | −3.9 pts |
| 1 year | +64.5% | +50.3% | +47.9 pts | +33.7 pts | +42.7 pts | +28.5 pts |
| 3 years | not published | +286.4% | not published | +208.0 pts | not published | +188.3 pts |
| Since launch | +218.8% | +156.7% | +165.5 pts | −586.9 pts | +151.2 pts | −1411.9 pts |
| AGMI Themes Silver Miners ETF Holds 38 stocks in silver miners, 12% of its weight in S&P 500 companies | SIL Global X Silver Miners ETF Holds 43 stocks in silver miners, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Themes | Global X |
| Theme | Silver miners | Silver miners |
| In the S&P 500 | 12.4% | 0.0% |
| Active share vs the S&P 500 | 99.7% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 38 | 43 |
| Top ten, share of the fund | 63.2% | 76.1% |
| Expense ratio | 0.35% | 0.65% |
| Fee for the differing part | 0.35% | 0.65% |
| Total return, 1 year | +64.5% | +50.3% |
| vs the S&P 500 | +47.9 pts | +33.7 pts |
| vs the Nasdaq-100 | +42.7 pts | +28.5 pts |
| Below its high | −16.1% | −19.2% |
| Net assets | $13m | $5.0bn |
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.
SIL in plain words
By weight, 0% of SIL'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 76% of the fund across 43 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +50.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.7 pts. It sits 19.2% below its all-time high of Feb 27, 2026.
Questions people ask
- Do AGMI and SIL hold the same stocks?
- By their latest filings, 42% 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 SIL?
- AGMI has 12% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.
- Which is cheaper, AGMI or SIL?
- AGMI charges 0.35% a year and SIL 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 SIL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/agmi-vs-sil Free to use with attribution; the underlying files are at Open data.