Do AGMI and XME hold the same stocks?

By their latest filings, 12% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, AGMI or XME?

AGMI has 14% of its weight in S&P 500 names and XME has 22%, so AGMI differs more from the index.

Which is cheaper, AGMI or XME?

AGMI and XME both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AGMI vs XME: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AGMI returned +34.3% to XME's +6.7%; 12% of their weight is in the same names.

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Net assets: $8.8m on Nov 4, 2026 for Themes Silver Miners ETF, and $3.6bn on Nov 3, 2026 for State Street SPDR S&P Metals & Mining ETF.

AGMI on its own →XME on its own →

At a glance

13.8%

AGMI in the S&P 500

21.8%

XME in the S&P 500

+34.3%

AGMI total return, 1 year

+6.7%

XME total return, 1 year

AGMI · 1 year to Nov 4, 2026 86% of its weight is outside the S&P 500

14% of AGMI's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 4, 2026.

XME · 1 year to Nov 4, 2026 78% of its weight is outside the S&P 500

22% of XME's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

Both cost 0.35% a year; their one-year returns differ by 27.6 points; XME is far larger, $3.6bn against $8.1m.

Points (pts) are percentage points.

AGMI vs XME: Holdings Overlap & Returns
Measure	AGMI	XME
Return
Measure	AGMI	XME
Total return, 1 year	+34.3%	+6.7%
Drawdown
Measure	AGMI	XME
Below its all-time high	29.8%, high on Feb 27, 2026	27.8%, high on Jun 2, 2026
Against its benchmark
Measure	AGMI	XME
What it tracks	Silver miners	Miners and metals
Against the S&P 500, 1 year		behind by 8.1 pts
Its benchmark, total return, 1 year	+15.0%	+14.8%
Against its benchmark, 1 year	ahead by 19.3 pts	behind by 8.1 pts
Cost and size
Measure	AGMI	XME
Expense ratio	0.35%	0.35%
Net assets, as of Nov 3, 2026	$8.1m	$3.6bn
Holdings
Measure	AGMI	XME
Holdings in common	12%

Method

What they share

12%

By the books each fund has filed, AGMI and XME hold 12% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first AGMI XME

Newmont Corp 11.42% 4.87%

COEUR MINING INC. 2.58% 3.73%

Freeport-McMoRan Inc 2.43% 4.73%

Hecla Mining Co 1.73% 3.70%

Only in one fund ↓

Only in AGMI

Pan American Silver Corp 9.99%

Industrias Penoles SAB de CV 9.60%

Wheaton Precious Metals Corp 7.09%

Aya Gold & Silver Inc 4.95%

Southern Copper Corp 4.85%

Fresnillo PLC 4.52%

Zijin Mining Group Co Ltd 4.26%

First Majestic Silver Corp 4.19%

Only in XME

CLEVELAND CLIFFS INC 6.82%

RELIANCE INC 6.56%

NUCOR CORP 6.19%

STEEL DYNAMICS INC 6.00%

COMMERCIAL METALS CO 5.62%

ROYAL GOLD INC 5.13%

MATERION CORP 4.59%

ALCOA CORP 4.54%

Check overlap with more funds →

Window by window

Window by window: AGMI vs XME: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AGMI	XME	AGMI	XME
3 months	−7.6%	−14.4%	−6.3 pts vs ACWI	−14.3 pts vs IVV
6 months	−13.2%	−22.7%	−15.8 pts vs ACWI	−27.7 pts vs IVV
1 year	+34.3%	+6.7%	+19.3 pts vs ACWI	−8.1 pts vs IVV
3 years	–	+89.9%	–	+6.5 pts vs IVV
Since launchNot the same days: AGMI May 2024 · XME Jun 2006	+166.6%	+174.0%	+114.5 pts vs ACWI	not measured

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Side by side

AGMI Themes Silver Miners ETF · Holds 47 stocks in silver miners, 14% of its weight in S&P 500 companies XME State Street SPDR S&P Metals & Mining ETF · Holds 38 stocks in miners and metals, 22% of its weight in S&P 500 companies

Issuer Themes State Street

Theme Silver miners Miners and metals

In the S&P 500 13.8% 21.8%

Active share vs the S&P 500 99.7% 99.6%

In the Nasdaq-100 0.0% 0.0%

Holdings 47 38

Top ten, share of the fund 64.7% 55.0%

Expense ratio 0.35% 0.35%

Fee for the differing part 0.35% 0.35%

Total return, 1 year +34.3% +6.7%

vs its benchmark +19.3 pts vs ACWI −8.1 pts vs IVV

Below its high −29.8% −27.8%

Net assets, AGMI as of Nov 4, 2026 and XME as of Nov 3, 2026 $8.8m $3.6bn

As of Nov 4, 2026. Source: ETFIQ.

12% of the two portfolios are the same securities at the same weight.

Alert

About each fund

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.

XME

By weight, 22% of XME'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 55% of the fund across 38 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +6.7% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 8.1 pts. It sits 27.8% below its all-time high of Jun 2, 2026.

Questions people ask

Do AGMI and XME hold the same stocks?: By their latest filings, 12% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AGMI or XME?: AGMI has 14% of its weight in S&P 500 names and XME has 22%, so AGMI differs more from the index.
Which is cheaper, AGMI or XME?: AGMI and XME both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

AGMI vs SLX AGMI vs PICK AGMI vs GOAU AGMI vs METL XME vs SIL XME vs SLVP XME vs SILJ XME vs AUAU

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AGMI on its own →XME on its own →AGMI dividend history →AGMI holdings →XME dividend history →XME holdings →Method →Standards and sources →

Sources and dates

AGMI filings on SEC EDGAR ↗

AGMI prospectus with the expense ratio (SEC) ↗

Themes page for AGMI ↗

XME filings on SEC EDGAR ↗

XME prospectus with the expense ratio (SEC) ↗

State Street website ↗

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 XME, data as of Nov 4, 2026. https://etfiq.com/compare/themes/agmi-vs-xme

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.