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Data as of .

AGMI vs SLVP: which is really different?

AGMI and SLVP hold 50% of their weight in the same names, and AGMI returned more over the year.

Themes Silver Miners ETF and iShares MSCI Global Silver and Metals Miners ETF.

12.4%AGMI in the S&P 500
4.6%SLVP in the S&P 500
+64.5%AGMI total return, 1 year
+62.7%SLVP total return, 1 year

ETFIQ Off-Index Score: SLVP scores higher

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

AGMI 74SLVP 77.70.1, 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
SLVP95% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
5%95%inof its weight outside the S&P 500active share 100% · top ten 72% of the fund · 50 holdings filed Sep 17, 2026 · Nasdaq-100: 0% in5%95%5% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 72% of the fund

50% 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 SLVP hold 50% of their money in the same securities at the same weight.

Positions AGMI and SLVP both hold, largest shared weight first
HoldingAGMISLVP
Fresnillo PLC9.66%8.20%
First Majestic Silver Corp4.61%10.86%
Discovery Silver Corp6.31%4.59%
Wheaton Precious Metals Corp7.00%4.57%
Newmont Corp9.72%4.56%
Aya Gold & Silver Inc4.37%4.88%
Endeavour Silver Corp4.16%4.09%
Silvercorp Metals Inc3.80%3.59%
Hecla Mining Co2.44%14.50%
Coeur Mining Inc3.24%1.80%
GoGold Resources Inc1.65%1.88%
Pan American Silver Corp3.99%1.59%
Only in each
Only in AGMIOnly in SLVP
Industrias Penoles SAB de CV 9.56%INDUST PENOLES 11.00%
Southern Copper Corp 3.65%AGNICO EAGLE MINES 4.43%
Zijin Mining Group Co Ltd 3.51%KINROSS GOLD 2.57%
Triple Flag Precious Metals Co 3.15%HARMONY GOLD MINING COMPANY LIMITE 1.25%
Freeport-McMoRan Inc 2.65%ELDORADO GOLD 1.21%
AbraSilver Resource Corp 2.61%DPM METALS 1.13%
KGHM Polska Miedz SA 2.61%CHINA GOLD INTERNATIONAL RESOURCES 1.12%
Americas Gold & Silver Corp 2.22%LUNDIN GOLD 0.95%

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 SLVP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
AGMISLVPAGMISLVPAGMISLVP
3 months+12.8%+16.9%+10.6 pts+14.6 pts+15.3 pts+19.4 pts
6 months+25.8%+22.9%+7.7 pts+4.9 pts+1.5 pts−1.4 pts
1 year+64.5%+62.7%+47.9 pts+46.1 pts+42.7 pts+40.9 pts
3 yearsnot published+329.2%not published+250.8 ptsnot published+231.1 pts
Since launch+218.8%+86.9%+165.5 pts−554.5 pts+151.2 pts−1149.6 pts
Open the live comparison on ETFIQ
AGMI and SLVP 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
SLVP
iShares MSCI Global Silver and Metals Miners ETF
Holds 50 stocks in silver miners, 5% of its weight in S&P 500 companies
IssuerThemesiShares
ThemeSilver minersSilver miners
In the S&P 50012.4%4.6%
Active share vs the S&P 50099.7%99.8%
In the Nasdaq-1000.0%0.0%
Holdings3850
Top ten, share of the fund63.2%71.6%
Expense ratio0.35%0.39%
Fee for the differing part0.35%0.39%
Total return, 1 year+64.5%+62.7%
vs the S&P 500+47.9 pts+46.1 pts
vs the Nasdaq-100+42.7 pts+40.9 pts
Below its high−16.1%−18.4%
Net assets$13m$986m

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.

SLVP in plain words

By weight, 5% of SLVP'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 72% of the fund across 50 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +62.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 46.1 pts. It sits 18.4% below its all-time high of Feb 27, 2026.

Questions people ask

Do AGMI and SLVP hold the same stocks?
By their latest filings, 50% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AGMI or SLVP?
AGMI has 12% of its weight in S&P 500 names and SLVP has 5%, so SLVP differs more from the index.
Which is cheaper, AGMI or SLVP?
AGMI charges 0.35% a year and SLVP 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 SLVP, 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 SLVP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/agmi-vs-slvp Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources