Themes Silver Miners ETF
$67.97−1.18 (−1.71%)
- 0.35%
- $10M
- +34.2%
- 4.13%
- 0M sh
- $69.61
- low $48.95high $91.80
The ETF.net AGMI Grade
B
Score 65 out of 100
- 3 of 18
Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A94 out of 100Rank 1 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A81 out of 100Rank 1 of 17Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F21 out of 100Rank 17 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C46 out of 100Rank 13 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F18 out of 100Rank 18 of 18
Our read on AGMI
BMost "precious metals miners" funds are gold funds with a silver garnish. AGMI is the straight shot: an index of about 40 global silver miners, run at 0.35% a year, under what the category typically charges.
The Fund is designed to follow an index of companies materially exposed to silver mining, with returns pursued before fees and expenses.
Why people hold it
- 0.35% a year undercuts the category's typical fee and the bigger names beside it: RING and SLVP at 0.39%, GDX at 0.51%, GDXJ at 0.52%.
- Silver, not gold with a silver sleeve. It follows the STOXX Global Silver Miners Index: companies materially exposed to silver mining, listed anywhere in the world.
- About 40 holdings, passively indexed. The miners actually digging silver stay visible instead of being diluted inside a broad metals basket.
- Lands in the upper tier of its precious-metals-miner peer group, with cost doing much of the heavy lifting.
Worth knowing
- A 2024 launch with a small asset base and light trading. Spreads can run wider than the category's veterans, and there is little history to judge it on.
- One metal, one industry. Miners' costs are fixed while silver's price moves, so their shares tend to swing harder than the metal in both directions.
- Distributions come once or twice a year, not monthly. This is a miners fund, not an income sleeve.
AGMI Holdings
- Stocks
- 52
- 64%
- PE&OLES.MX
Sectors
- Materials98.8%
- Financials1.2%
Geography
- Canada49.39%
- United States24.41%
- Mexico15.13%
- China6.61%
- Poland2.91%
- Australia1.01%
- United Kingdom0.34%
- Sweden0.20%
Developed 67% · Emerging 33%
AGMI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
AGMI$13,421
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AGMI |
|---|---|
| Year to date | +7.3% |
| 1 month | −8.8% |
| 3 months | +13.6% |
| 1 year | +34.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AGMI |
|---|---|---|
| 2026 YTD | +7.3% | |
| 2025 | +176.2% | |
| 2024 | −0.7% |
AGMI in the news
AGMI Dividends
- 4.13%
- $2.86
- $2.86 per share
- Irregular
Distribution history
AGMI Risk
- 44.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −35.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.54
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AGMI Cost
0.35%
AGMI0.35%
- The middle half of Precious Metals Miners funds
- Median 0.52%
No Precious Metals Miners fund charges less.
Other funds in Precious Metals Miners
- BSLVPiShares MSCI Global Silver and Metals Miners ETFExpense ratio 0.39%1 year return +30.1%
- BRINGiShares MSCI Global Gold Miners ETFExpense ratio 0.39%1 year return +22.1%
- BAUAUGlobal X - Gold Miners ETFExpense ratio 0.35%1 year return —
- BGDXVanEck Gold Miners ETFExpense ratio 0.51%1 year return +17.6%
- BSGDMSprott Gold Miners ETFExpense ratio 0.46%1 year return +22.5%