GEND vs. AGMI

Last updated Jun 4, 2026

GEND (Genter Capital Dividend Income ETF) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - GEND is a Large Cap Value Equities fund actively managed by Genter Capital, while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. GEND is actively managed, while AGMI is passively managed. Over the past year, GEND returned 25.44% vs 112.77% for AGMI. At a 0.15 correlation, their price movements are largely independent. GEND charges 0.38%/yr vs 0.35%/yr for AGMI.

Performance

GEND vs. AGMI - Performance Comparison

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

Returns By Period

In the year-to-date period, GEND achieves a 11.95% return, which is significantly higher than AGMI's 7.60% return.

GEND

• 1D: -0.35%
• 1M: 1.03%
• YTD: 11.95%
• 6M: 12.26%
• 1Y: 25.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AGMI

• 1D: -4.74%
• 1M: 3.77%
• YTD: 7.60%
• 6M: 20.09%
• 1Y: 112.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEND vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025
GEND Genter Capital Dividend Income ETF	11.95%	16.61%
AGMI Themes Silver Miners ETF	7.60%	170.07%

Correlation

The correlation between GEND and AGMI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.15

Return for Risk

GEND vs. AGMI — Risk / Return Rank

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

GEND

GEND Risk / Return Rank: 76
GEND Sharpe Ratio Rank: 75
GEND Sortino Ratio Rank: 78
GEND Omega Ratio Rank: 72
GEND Calmar Ratio Rank: 79
GEND Martin Ratio Rank: 76

AGMI

AGMI Risk / Return Rank: 60
AGMI Sharpe Ratio Rank: 70
AGMI Sortino Ratio Rank: 51
AGMI Omega Ratio Rank: 57
AGMI Calmar Ratio Rank: 68
AGMI Martin Ratio Rank: 54

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.

GEND vs. AGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genter Capital Dividend Income ETF (GEND) and Themes Silver Miners ETF (AGMI). 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.

	GEND	AGMI	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.32	+0.09
Sortino ratio: Return per unit of downside risk	3.49	2.52	+0.97
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	4.00	3.41	+0.59
Martin ratio: Return relative to average drawdown	14.48	9.21	+5.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEND vs. AGMI - Sharpe Ratio Comparison

The current GEND Sharpe Ratio is 2.41, which is comparable to the AGMI Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of GEND and AGMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GEND	AGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.32	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.51	1.56	-0.06

Drawdowns

GEND vs. AGMI - Drawdown Comparison

The maximum GEND drawdown since its inception was -13.31%, smaller than the maximum AGMI drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for GEND and AGMI.

Drawdown Indicators

	GEND	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-13.31%	-33.26%	+19.95%
Max Drawdown (1Y) Largest decline over 1 year	-6.40%	-33.26%	+26.86%
Current Drawdown Current decline from peak	-1.46%	-22.35%	+20.89%
Average Drawdown Average peak-to-trough decline	-1.88%	-9.14%	+7.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	12.29%	-10.53%

Volatility

GEND vs. AGMI - Volatility Comparison

The current volatility for Genter Capital Dividend Income ETF (GEND) is 2.56%, while Themes Silver Miners ETF (AGMI) has a volatility of 17.62%. This indicates that GEND experiences smaller price fluctuations and is considered to be less risky than AGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEND	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	17.62%	-15.06%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	40.98%	-32.97%
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	48.95%	-38.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	44.04%	-29.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.15%	44.04%	-29.89%

GEND vs. AGMI - Expense Ratio Comparison

GEND has a 0.38% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

GEND vs. AGMI - Dividend Comparison

GEND's dividend yield for the trailing twelve months is around 2.74%, less than AGMI's 4.12% yield.

Position	TTM	2025	2024
AGMI Themes Silver Miners ETF	4.12%	4.43%	1.81%
GEND Genter Capital Dividend Income ETF	2.74%	2.10%	0.00%

Frequently Asked Questions

Can I hold both GEND and AGMI in my portfolio?

GEND and AGMI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEND or AGMI?

AGMI has higher volatility (17.62%) compared to GEND (2.56%). In terms of maximum drawdown, GEND dropped -13.31% vs AGMI's -33.26%.

Which ETF is better, GEND or AGMI?

On 1-year performance, AGMI leads with 112.77% vs 25.44% for GEND. On fees, AGMI is cheaper at 0.35% per year. On volatility, GEND has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GEND or AGMI?

Over the 1-year period, AGMI has performed better with a 112.77% return vs 25.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GEND or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.38% for GEND.

Which ETF pays a higher dividend yield, GEND or AGMI?

AGMI has the higher dividend yield at 4.12%, compared with 2.74% for GEND.

What is the main difference between GEND and AGMI?

GEND is categorized as Large Cap Value Equities, while AGMI is Silver. They also come from different issuers: Genter Capital and Themes. Their fees differ too: 0.38% for GEND and 0.35% for AGMI.

Which has better risk-adjusted returns?

GEND currently has the higher Sharpe Ratio (2.41 vs 2.32), 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.