GBUG vs SLVP

GBUGDSprott Active Gold & Silver Miners ETF

SLVPBiShares MSCI Global Silver and Metals Miners ETF

In short

GBUG Sprott is a precious-metals house first, an ETF shop second. GBUG is its stock-picker answer to index miner funds: an actively managed, value-oriented and contrarian book of roughly 50 gold and silver miners, explorers and royalty names.

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

GBUG The ETF is actively managed and seeks long-term capital appreciation by investing in shares of companies focused on gold and silver exploration, development, mining, royalty, and streaming activities.

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

• GBUG Actively managed on a value-oriented, contrarian screen, so the book can lean toward beaten-up miners instead of whatever the market-cap index says is biggest.
• The mandate covers the whole chain: exploration, development, mining, royalty and streaming companies, not just the big producers.
• Roughly 50 holdings from a firm whose entire business is precious metals, so each pick carries real weight in the portfolio.

• 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

• GBUG Charges 0.90% a year, above the typical fund in the miners group; index rivals like GDX and RING run meaningfully cheaper.
• Launched in 2025, so the manager's record in this wrapper is short and any read on its risk profile rests on limited history.
• Thinly traded with a modest asset base, so spreads can run wider than the household-name miner ETFs.

• 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 GBUG profile⁠

Full SLVP profile⁠