AUMI vs. AEM

Last updated Apr 2, 2026

Compare and contrast key facts about Themes Gold Miners ETF (AUMI) and Agnico Eagle Mines Limited (AEM).

AUMI is a passively managed fund by Themes that tracks the performance of the Solactive Global Pure Gold Miners Index. It was launched on Dec 12, 2023.

Performance

AUMI vs. AEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Gold Miners ETF (AUMI) and Agnico Eagle Mines Limited (AEM). The values are adjusted to include any dividend payments, if applicable.

AUMI vs. AEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AUMI Themes Gold Miners ETF	10.53%	164.18%	30.61%	4.25%
AEM Agnico Eagle Mines Limited	24.14%	119.53%	46.04%	2.41%

Returns By Period

In the year-to-date period, AUMI achieves a 10.53% return, which is significantly lower than AEM's 24.14% return.

AUMI

• 1D: 5.17%
• 1M: -16.46%
• YTD: 10.53%
• 6M: 26.21%
• 1Y: 116.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AEM

• 1D: 3.50%
• 1M: -16.70%
• YTD: 24.14%
• 6M: 23.94%
• 1Y: 96.09%
• 3Y*: 63.68%
• 5Y*: 31.78%
• 10Y*: 21.40%

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

Return for Risk

AUMI vs. AEM — Risk / Return Rank

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

AUMI

AUMI Risk / Return Rank: 91
AUMI Sharpe Ratio Rank: 94
AUMI Sortino Ratio Rank: 89
AUMI Omega Ratio Rank: 87
AUMI Calmar Ratio Rank: 93
AUMI Martin Ratio Rank: 91

AEM

AEM Risk / Return Rank: 88
AEM Sharpe Ratio Rank: 92
AEM Sortino Ratio Rank: 85
AEM Omega Ratio Rank: 86
AEM Calmar Ratio Rank: 87
AEM Martin Ratio Rank: 91

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.

AUMI vs. AEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) and Agnico Eagle Mines Limited (AEM). 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.

	AUMI	AEM	Difference
Sharpe ratio Return per unit of total volatility	2.35	2.19	+0.16
Sortino ratio Return per unit of downside risk	2.57	2.45	+0.12
Omega ratio Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio Return relative to maximum drawdown	3.66	3.31	+0.36
Martin ratio Return relative to average drawdown	12.93	11.38	+1.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUMI vs. AEM - Sharpe Ratio Comparison

The current AUMI Sharpe Ratio is 2.35, which is comparable to the AEM Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of AUMI and AEM, 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

	AUMI	AEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.19	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.01	0.18	+1.83

Correlation

The correlation between AUMI and AEM 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

AUMI vs. AEM - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 0.78%, less than AEM's 0.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUMI Themes Gold Miners ETF	0.78%	0.86%	1.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AEM Agnico Eagle Mines Limited	0.79%	0.94%	2.05%	2.92%	3.08%	2.63%	2.36%	0.89%	1.09%	0.89%	0.86%	1.22%

Drawdowns

AUMI vs. AEM - Drawdown Comparison

The maximum AUMI drawdown since its inception was -31.88%, smaller than the maximum AEM drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for AUMI and AEM.

Drawdown Indicators

	AUMI	AEM	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-90.49%	+58.61%
Max Drawdown (1Y) Largest decline over 1 year	-31.88%	-28.97%	-2.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.86%	—
Current Drawdown Current decline from peak	-16.84%	-16.70%	-0.14%
Average Drawdown Average peak-to-trough decline	-6.00%	-46.76%	+40.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.03%	8.42%	+0.61%

Volatility

AUMI vs. AEM - Volatility Comparison

Themes Gold Miners ETF (AUMI) has a higher volatility of 18.77% compared to Agnico Eagle Mines Limited (AEM) at 15.66%. This indicates that AUMI's price experiences larger fluctuations and is considered to be riskier than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUMI	AEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.77%	15.66%	+3.11%
Volatility (6M) Calculated over the trailing 6-month period	40.65%	35.75%	+4.90%
Volatility (1Y) Calculated over the trailing 1-year period	49.65%	44.10%	+5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.38%	36.39%	+4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.38%	37.46%	+3.92%