Data as of .
RING vs SIL: which is really different?
RING and SIL hold 17% of their weight in the same names, and SIL 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
17% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, RING and SIL hold 17% of their money in the same securities at the same weight.
| Holding | RING | SIL |
|---|---|---|
| WHEATON PRECIOUS METALS | 7.58% | 24.02% |
| COEUR MINING | 3.38% | 10.87% |
| PAN AMERICAN SILVER | 3.18% | 11.27% |
| SSR MINING | 1.67% | 4.23% |
| HOCHSCHILD MINING PLC | 0.83% | 1.42% |
| MCEWEN INC | 0.38% | 0.56% |
| Only in RING | Only in SIL |
|---|---|
| NEWMONT 16.36% | HECLA MINING CO 4.81% |
| AGNICO EAGLE MINES 12.29% | FIRST MAJESTIC SILVER CORP 4.65% |
| BARRICK MINING 8.16% | INDUSTRIAS PENOLES SAB DE CV 4.58% |
| GOLD FIELDS 4.35% | FRESNILLO PLC 4.06% |
| ANGLOGOLD ASHANTI PLC 4.28% | OR ROYALTIES INC 3.98% |
| KINROSS GOLD 4.25% | CIA DE MINAS BUENAVENTUR-ADR 3.67% |
| ALAMOS GOLD CLASS A 2.50% | DISCOVERY MINING LTD 3.26% |
| EQUINOX GOLD 2.49% | AYA GOLD & SILVER INC 2.28% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| RING | SIL | RING | SIL | RING | SIL | |
| 3 months | +17.9% | +13.9% | +15.6 pts | +11.6 pts | +20.3 pts | +16.3 pts |
| 6 months | +21.9% | +20.4% | +3.9 pts | +2.4 pts | −2.3 pts | −3.9 pts |
| 1 year | +45.3% | +50.3% | +28.7 pts | +33.7 pts | +23.5 pts | +28.5 pts |
| 3 years | +286.7% | +286.4% | +208.3 pts | +208.0 pts | +188.5 pts | +188.3 pts |
| Since launch | +97.9% | +156.7% | −543.5 pts | −586.9 pts | −1138.6 pts | −1411.9 pts |
| RING iShares MSCI Global Gold Miners ETF Holds 55 stocks in gold miners, 16% 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 | iShares | Global X |
| Theme | Gold miners | Silver miners |
| In the S&P 500 | 16.4% | 0.0% |
| Active share vs the S&P 500 | 99.8% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 55 | 43 |
| Top ten, share of the fund | 67.0% | 76.1% |
| Expense ratio | 0.39% | 0.65% |
| Fee for the differing part | 0.39% | 0.65% |
| Total return, 1 year | +45.3% | +50.3% |
| vs the S&P 500 | +28.7 pts | +33.7 pts |
| vs the Nasdaq-100 | +23.5 pts | +28.5 pts |
| Below its high | −14.8% | −19.2% |
| Net assets | $2.5bn | $5.0bn |
RING in plain words
By weight, 16% of RING'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 67% of the fund across 55 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +45.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 28.7 pts. It sits 14.8% 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 RING and SIL hold the same stocks?
- By their latest filings, 17% 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, RING or SIL?
- RING has 16% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.
- Which is cheaper, RING or SIL?
- RING charges 0.39% a year and SIL charges 0.65%, so RING 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, RING against SIL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ring-vs-sil Free to use with attribution; the underlying files are at Open data.