AGMI vs. HL
AGMI (Themes Silver Miners ETF) is Silver fund tracking the STOXX Global Silver Mining Index, while HL (Hecla Mining Company) is a stock. Over the past year, AGMI returned 69.37% vs 145.82% for HL. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
AGMI vs. HL - Performance Comparison
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Returns By Period
In the year-to-date period, AGMI achieves a -10.56% return, which is significantly higher than HL's -25.50% return.
AGMI
- 1D
- 0.02%
- 1M
- -13.24%
- 6M
- -23.28%
- YTD
- -10.56%
- 1Y
- 69.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 49.98%
HL
- 1D
- -0.28%
- 1M
- -10.46%
- 6M
- -46.14%
- YTD
- -25.50%
- 1Y
- 145.82%
- 3Y*
- 35.33%
- 5Y*
- 16.77%
- 10Y*
- 9.48%
- ALL TIME*
- -0.05%
AGMI vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AGMI Themes Silver Miners ETF | -10.56% | 176.11% | -0.74% |
HL Hecla Mining Company | -25.50% | 291.70% | 3.53% |
Correlation
The correlation between AGMI and HL is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 3, 2024 | 0.88 |
The correlation between AGMI and HL has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
AGMI vs. HL — Risk / Return Rank
AGMI
HL
AGMI vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Silver Miners ETF (AGMI) and Hecla Mining Company (HL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGMI | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.63 | -0.67 |
| Martin ratioReturn relative to average drawdown | 4.27 | 5.00 | -0.73 |
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Drawdowns
AGMI vs. HL - Drawdown Comparison
The maximum AGMI drawdown since its inception was -35.67%, smaller than the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for AGMI and HL.
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Drawdown Indicators
| AGMI | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -97.92% | +62.25% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -55.81% | +20.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -55.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.45% | — |
Current DrawdownCurrent decline from peak | -35.46% | -55.06% | +19.60% |
Average DrawdownAverage peak-to-trough decline | -10.32% | -69.89% | +59.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.31% | 29.27% | -12.96% |
Volatility
AGMI vs. HL - Volatility Comparison
The current volatility for Themes Silver Miners ETF (AGMI) is 12.34%, while Hecla Mining Company (HL) has a volatility of 14.84%. This indicates that AGMI experiences smaller price fluctuations and is considered to be less risky than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGMI | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.34% | 14.84% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 43.52% | 52.19% | -8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.49% | 73.35% | -20.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.89% | 59.45% | -14.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.89% | 62.75% | -17.86% |
Dividends
AGMI vs. HL - Dividend Comparison
AGMI's dividend yield for the trailing twelve months is around 4.95%, more than HL's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGMI Themes Silver Miners ETF | 4.95% | 4.43% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
Frequently Asked Questions
AGMI and HL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (14.84%) compared to AGMI (12.34%). In terms of maximum drawdown, AGMI dropped -35.67% vs HL's -97.92%.
HL currently has the higher Sharpe Ratio (2.00 vs 1.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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