SLVP vs SLVX

SLVPBiShares MSCI Global Silver and Metals Miners ETF

SLVXFNicholas Silver Income ETF

In short

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.

SLVX A rare active swing at the silver mining complex: the prospectus puts capital appreciation first and current income second, with roughly 50 names chosen by a manager instead of copied from an index. Active pricing comes with it.

Stated mandate

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

SLVX The actively managed ETF seeks capital appreciation as its primary objective and current income as its secondary objective.

Why people hold it

• 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.

• SLVX Income is written into the mandate, not bolted on: capital appreciation is the stated primary objective, current income the secondary one, with distributions on a recurring schedule.
• Actively managed, so the roughly 50 holdings reflect a manager's picks rather than a cap-weighted index rulebook. Most funds in this corner track a list.
• Plain 1940 Act ETF wrapper holding materials-sector equities, the same structure the large index-based miners funds use.

Worth knowing

• 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.

• SLVX The 1.16% expense ratio sits well above index rivals in the same theme: RING and SLVP each charge 0.39%. Active stock picking carries that gap.
• A small, thinly traded fund, so bid-ask spreads can run wider than on the category's heavyweights.
• Launched in 2026, so there is little history to judge, and the book stays concentrated in one narrow slice of the materials sector.

Full SLVP profile⁠

Full SLVX profile⁠