Precious metals ETFs are exchange-traded funds that track the price of precious metals such as gold, silver, platinum, and palladium. They provide investors with exposure to the price movement of these metals without having to own them physically.

Precious metals ETFs invest in bullion or derivative instruments such as futures contracts to mirror the performance of the underlying metal. They are usually structured as passive investments and aim to track the price of the metal they are linked to as closely as possible.

Precious Metals

The UBS ETRACS Silver Shares Covered Call ETN (SLVO) is an exchange-traded note linked to the Credit Suisse NASDAQ Silver FLOWS 106 Index, which tracks a covered call strategy on the iShares Silver Trust (SLV). The index reflects changes in the price of SLV shares and monthly option premiums received from notional sales of call options on SLV, less transaction costs. SLVO has an expense ratio of 0.65%, pays monthly distributions, and was launched on April 17, 2013. Originally issued by Credit Suisse, the ETN was transferred to UBS AG following UBS's acquisition of Credit Suisse in 2023.

NasdaqGM

SLVO

The Themes Silver Miners ETF (AGMI) provides equity exposure to companies globally that generate revenues from silver mining. It tracks the STOXX Global Silver Miners Index and holds approximately 46 securities, with top positions including Newmont, Fresnillo, Industrias Peñoles, First Majestic Silver, and Wheaton Precious Metals. The fund has an expense ratio of 0.35% and was launched on May 3, 2024, by Themes Management Company.

AGMI

The abrdn Physical Silver Shares ETF (SIVR) seeks to track the spot price of silver bullion, less trust expenses. The fund holds physical silver bars securely custodied by JPMorgan in vaulting facilities in London. It has an expense ratio of 0.30%, was launched on July 24, 2009, and is domiciled in the United States. Formerly known as the Aberdeen Standard Physical Silver Shares ETF prior to the abrdn rebrand in 2022.

NYSEArca

SIVR

The iShares Silver Trust is a grantor trust designed to provide investors with a simple and cost-effective method to gain exposure to the price of silver in an investment portfolio. The Trust holds silver bullion, and is designed to reflect, at any given time, the price of silver owned by the Trust at that time, less the Trust's expenses and liabilities.

The iShares MSCI Global Silver and Metals Miners ETF (SLVP) provides equity exposure to companies primarily engaged in silver mining and exploration across developed and emerging markets. The fund tracks the MSCI ACWI Select Silver Miners Investable Market Index, which includes approximately 25 global silver miners. SLVP has an expense ratio of 0.39%, was launched on January 31, 2012, and is managed by BlackRock.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
SLVO	UBS ETRACS Silver Shares Covered Call ETN	1.74	—	—	58
AGMI	Themes Silver Miners ETF	1.69	—	—	47
SIVR	abrdn Physical Silver Shares ETF	1.53	0.53	0.47	41
SLV	iShares Silver Trust	1.52	0.53	0.46	41
SLVP	iShares MSCI Global Silver and Metals Miners ETF	1.45	0.31	0.29	41

Top Precious Metals ETFs by Sharpe Ratio

Top Precious Metals ETFs by Sharpe Ratio