NRJL.L vs. AGMI

Last updated Jul 1, 2026

NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - NRJL.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD, while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. Both are passively managed. Over the past year, NRJL.L returned 79.01% vs 83.71% for AGMI. At a 0.32 correlation, their price movements are largely independent. NRJL.L charges 0.60%/yr vs 0.35%/yr for AGMI.

Performance

NRJL.L vs. AGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) and Themes Silver Miners ETF (AGMI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NRJL.L is traded in GBP, while AGMI is traded in USD. To make them comparable, the AGMI values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, NRJL.L achieves a 38.38% return, which is significantly higher than AGMI's -3.52% return.

NRJL.L

• 1D: 2.18%
• 1M: -0.27%
• YTD: 38.38%
• 6M: 37.58%
• 1Y: 79.01%
• 3Y*: 11.14%
• 5Y*: 2.89%
• 10Y*: 9.77%

AGMI

• 1D: -0.14%
• 1M: -13.99%
• YTD: -3.52%
• 6M: -5.27%
• 1Y: 83.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NRJL.L vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	38.38%	35.47%	-4.36%
AGMI Themes Silver Miners ETF	-3.52%	156.44%	-0.47%

Correlation

The correlation between NRJL.L and AGMI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 3, 2024	0.32

NRJL.L vs. AGMI - Sectors Allocation Comparison

Sectors	NRJL.L	AGMI
Industrials	39.4%	-
Utilities	32.9%	-
Technology	16.7%	0.0%
Basic Materials	10.8%	99.8%
Energy	4.1%	-
Consumer Cyclical	0.2%	-
Financial Services	0.0%	-
Communication Services	0.0%	-
Healthcare	0.0%	-
Consumer Defensive	0.0%	-
Real Estate	-	-

Return for Risk

NRJL.L vs. AGMI — Risk / Return Rank

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

NRJL.L

NRJL.L Risk / Return Rank: 96
NRJL.L Sharpe Ratio Rank: 97
NRJL.L Sortino Ratio Rank: 95
NRJL.L Omega Ratio Rank: 95
NRJL.L Calmar Ratio Rank: 96
NRJL.L Martin Ratio Rank: 96

AGMI

AGMI Risk / Return Rank: 45
AGMI Sharpe Ratio Rank: 50
AGMI Sortino Ratio Rank: 41
AGMI Omega Ratio Rank: 45
AGMI Calmar Ratio Rank: 53
AGMI Martin Ratio Rank: 38

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.

NRJL.L vs. AGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) 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.

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.

	NRJL.L	AGMI	Difference
Sharpe ratio: Return per unit of total volatility	3.73	1.69	+2.04
Sortino ratio: Return per unit of downside risk	4.34	2.06	+2.28
Omega ratio: Gain probability vs. loss probability	1.61	1.28	+0.33
Calmar ratio: Return relative to maximum drawdown	7.92	2.49	+5.43
Martin ratio: Return relative to average drawdown	28.54	6.00	+22.55

NRJL.L vs. AGMI - Sharpe Ratio Comparison

The current NRJL.L Sharpe Ratio is 3.73, which is higher than the AGMI Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of NRJL.L 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.

Drawdowns

NRJL.L vs. AGMI - Drawdown Comparison

The maximum NRJL.L drawdown since its inception was -54.56%, which is greater than AGMI's maximum drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for NRJL.L and AGMI.

Drawdown Indicators

	NRJL.L	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-54.56%	-33.86%	-20.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-33.86%	+23.93%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-54.56%	—	—
Current Drawdown Current decline from peak	-3.27%	-30.33%	+27.06%
Average Drawdown Average peak-to-trough decline	-23.11%	-9.51%	-13.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	14.01%	-11.25%

Volatility

NRJL.L vs. AGMI - Volatility Comparison

The current volatility for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) is 9.59%, while Themes Silver Miners ETF (AGMI) has a volatility of 18.32%. This indicates that NRJL.L 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

	NRJL.L	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	18.32%	-8.73%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	41.84%	-24.47%
Volatility (1Y) Calculated over the trailing 1-year period	21.06%	49.70%	-28.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.92%	42.68%	-20.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	42.68%	-21.36%

NRJL.L vs. AGMI - Expense Ratio Comparison

NRJL.L has a 0.60% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

NRJL.L vs. AGMI - Dividend Comparison

NRJL.L's dividend yield for the trailing twelve months is around 0.30%, less than AGMI's 4.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGMI Themes Silver Miners ETF	4.67%	4.43%	1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	0.30%	0.42%	0.73%	0.77%	0.24%	0.32%	0.70%	1.02%	0.59%	0.79%

Frequently Asked Questions

Can I hold both NRJL.L and AGMI in my portfolio?

NRJL.L and AGMI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NRJL.L or AGMI?

On fees, AGMI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NRJL.L or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.60% for NRJL.L.

What is the main difference between NRJL.L and AGMI?

NRJL.L is categorized as Energy Equities, while AGMI is Silver. NRJL.L tracks S&P Global Clean Energy TR USD, while AGMI tracks STOXX Global Silver Mining Index. They also come from different issuers: Amundi and Themes. Their fees differ too: 0.60% for NRJL.L and 0.35% for AGMI.