AGMI vs SLVP

AGMIBThemes Silver Miners ETF

SLVPBiShares MSCI Global Silver and Metals Miners ETF

In short

AGMI Most "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.

SLVP About 40 global silver and metals miners in one ticker, priced below the typical precious-metals miner fund. Running since 2012, and read the 'metals miners' part of the name: the index reaches past pure silver plays.

Stated mandate

AGMI The Fund is designed to follow an index of companies materially exposed to silver mining, with returns pursued before fees and expenses.

SLVP The fund is designed to follow an index of worldwide companies whose principal business is silver exploration or metals mining.

Why people hold it

• AGMI 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.

• SLVP 0.39% a year undercuts the 0.52% median for precious-metals miner funds, and matches the fee on the iShares gold-miner sibling, RING.
• Global mandate, not a US-listing screen: the MSCI ACWI Select Silver Miners IMI covers worldwide companies whose principal business is silver exploration or metals mining.
• Trading since 2012, one of the longer-running silver miner funds on the shelf, and it stands among the stronger implementations in its precious-metals mining peer group.

Worth knowing

• AGMI 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.

• SLVP Roughly 40 stocks, so individual miners carry real weight and the whole basket keys off one metal's fortunes.
• "And Metals Miners" is doing work in the name: the mandate covers silver exploration or metals mining, so diversified miners can sit beside pure silver plays.
• Not the cheapest silver miner ticket: AGMI lists at 0.35%, though it lacks SLVP's record back to 2012.

Full AGMI profile⁠

Full SLVP profile⁠