AGMI vs. EXK

Last updated Apr 1, 2026

Compare and contrast key facts about Themes Silver Miners ETF (AGMI) and Endeavour Silver Corp. (EXK).

AGMI is a passively managed fund by Themes that tracks the performance of the STOXX Global Silver Mining Index - Benchmark TR Net. It was launched on May 2, 2024.

Performance

AGMI vs. EXK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Silver Miners ETF (AGMI) and Endeavour Silver Corp. (EXK). The values are adjusted to include any dividend payments, if applicable.

AGMI vs. EXK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGMI Themes Silver Miners ETF	4.33%	176.11%	-0.74%
EXK Endeavour Silver Corp.	-0.96%	156.83%	38.11%

Returns By Period

In the year-to-date period, AGMI achieves a 4.33% return, which is significantly higher than EXK's -0.96% return.

AGMI

• 1D: 7.31%
• 1M: -24.71%
• YTD: 4.33%
• 6M: 30.88%
• 1Y: 134.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EXK

• 1D: 8.00%
• 1M: -33.02%
• YTD: -0.96%
• 6M: 18.75%
• 1Y: 118.03%
• 3Y*: 33.88%
• 5Y*: 12.35%
• 10Y*: 14.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AGMI vs. EXK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGMI

AGMI Risk / Return Rank: 95
AGMI Sharpe Ratio Rank: 97
AGMI Sortino Ratio Rank: 94
AGMI Omega Ratio Rank: 93
AGMI Calmar Ratio Rank: 95
AGMI Martin Ratio Rank: 94

EXK

EXK Risk / Return Rank: 83
EXK Sharpe Ratio Rank: 85
EXK Sortino Ratio Rank: 81
EXK Omega Ratio Rank: 78
EXK Calmar Ratio Rank: 85
EXK Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGMI vs. EXK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Silver Miners ETF (AGMI) and Endeavour Silver Corp. (EXK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGMI	EXK	Difference
Sharpe ratio Return per unit of total volatility	2.82	1.53	+1.29
Sortino ratio Return per unit of downside risk	2.86	2.12	+0.73
Omega ratio Gain probability vs. loss probability	1.42	1.27	+0.15
Calmar ratio Return relative to maximum drawdown	3.96	2.76	+1.20
Martin ratio Return relative to average drawdown	14.50	7.70	+6.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGMI vs. EXK - Sharpe Ratio Comparison

The current AGMI Sharpe Ratio is 2.82, which is higher than the EXK Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of AGMI and EXK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AGMI	EXK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	1.53	+1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.18	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.06	+1.65

Correlation

The correlation between AGMI and EXK is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AGMI vs. EXK - Dividend Comparison

AGMI's dividend yield for the trailing twelve months is around 4.24%, while EXK has not paid dividends to shareholders.

	TTM	2025	2024
AGMI Themes Silver Miners ETF	4.24%	4.43%	1.81%
EXK Endeavour Silver Corp.	0.00%	0.00%	0.00%

Drawdowns

AGMI vs. EXK - Drawdown Comparison

The maximum AGMI drawdown since its inception was -33.26%, smaller than the maximum EXK drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for AGMI and EXK.

Drawdown Indicators

	AGMI	EXK	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-92.11%	+58.85%
Max Drawdown (1Y) Largest decline over 1 year	-33.26%	-41.64%	+8.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-80.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.13%	—
Current Drawdown Current decline from peak	-24.71%	-34.07%	+9.36%
Average Drawdown Average peak-to-trough decline	-8.15%	-58.44%	+50.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.09%	14.94%	-5.85%

Volatility

AGMI vs. EXK - Volatility Comparison

The current volatility for Themes Silver Miners ETF (AGMI) is 19.65%, while Endeavour Silver Corp. (EXK) has a volatility of 24.43%. This indicates that AGMI experiences smaller price fluctuations and is considered to be less risky than EXK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGMI	EXK	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.65%	24.43%	-4.78%
Volatility (6M) Calculated over the trailing 6-month period	42.10%	60.93%	-18.83%
Volatility (1Y) Calculated over the trailing 1-year period	48.05%	77.62%	-29.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.43%	68.26%	-24.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.43%	69.67%	-26.24%