RGPM.NEO vs. AGMI

Last updated Jun 4, 2026

RGPM.NEO (RBC Global Precious Metals Fund) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - RGPM.NEO is a Precious Metals fund actively managed by RBC Global Asset Management., while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. RGPM.NEO is actively managed, while AGMI is passively managed. Over the past year, RGPM.NEO returned 60.56% vs 115.52% for AGMI. A 0.69 correlation means they provide meaningful diversification when combined. RGPM.NEO charges 1.02%/yr vs 0.35%/yr for AGMI.

Performance

RGPM.NEO vs. AGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Global Precious Metals Fund (RGPM.NEO) and Themes Silver Miners ETF (AGMI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RGPM.NEO is traded in CAD, while AGMI is traded in USD. To make them comparable, the AGMI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RGPM.NEO achieves a 1.34% return, which is significantly lower than AGMI's 8.97% return.

RGPM.NEO

• 1D: -2.71%
• 1M: 0.98%
• YTD: 1.34%
• 6M: 8.72%
• 1Y: 60.56%
• 3Y*: 45.22%
• 5Y*: —
• 10Y*: —

AGMI

• 1D: -4.35%
• 1M: 5.84%
• YTD: 8.97%
• 6M: 19.63%
• 1Y: 115.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RGPM.NEO vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RGPM.NEO RBC Global Precious Metals Fund	1.34%	143.89%	15.73%
AGMI Themes Silver Miners ETF	8.97%	163.45%	4.31%

Correlation

The correlation between RGPM.NEO and AGMI is 0.82, 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	0.82
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.69

The correlation between RGPM.NEO and AGMI shifts across timeframes, from 0.69 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RGPM.NEO vs. AGMI — Risk / Return Rank

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

RGPM.NEO

RGPM.NEO Risk / Return Rank: 39
RGPM.NEO Sharpe Ratio Rank: 40
RGPM.NEO Sortino Ratio Rank: 34
RGPM.NEO Omega Ratio Rank: 42
RGPM.NEO Calmar Ratio Rank: 41
RGPM.NEO Martin Ratio Rank: 36

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.

RGPM.NEO vs. AGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Global Precious Metals Fund (RGPM.NEO) 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.

	RGPM.NEO	AGMI	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.44	-1.02
Sortino ratio: Return per unit of downside risk	1.79	2.62	-0.83
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	2.07	3.53	-1.47
Martin ratio: Return relative to average drawdown	5.61	9.66	-4.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RGPM.NEO vs. AGMI - Sharpe Ratio Comparison

The current RGPM.NEO Sharpe Ratio is 1.42, which is lower than the AGMI Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of RGPM.NEO 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

	RGPM.NEO	AGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	2.44	-1.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	1.65	-0.31

Drawdowns

RGPM.NEO vs. AGMI - Drawdown Comparison

The maximum RGPM.NEO drawdown since its inception was -29.46%, smaller than the maximum AGMI drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for RGPM.NEO and AGMI.

Drawdown Indicators

	RGPM.NEO	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-29.46%	-32.87%	+3.41%
Max Drawdown (1Y) Largest decline over 1 year	-29.46%	-32.87%	+3.41%
Max Drawdown (3Y) Largest decline over 3 years	-29.46%	—	—
Current Drawdown Current decline from peak	-23.85%	-20.88%	-2.97%
Average Drawdown Average peak-to-trough decline	-8.38%	-8.53%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.82%	12.00%	-1.18%

Volatility

RGPM.NEO vs. AGMI - Volatility Comparison

The current volatility for RBC Global Precious Metals Fund (RGPM.NEO) is 16.07%, while Themes Silver Miners ETF (AGMI) has a volatility of 17.49%. This indicates that RGPM.NEO 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

	RGPM.NEO	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.07%	17.49%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	35.62%	39.79%	-4.17%
Volatility (1Y) Calculated over the trailing 1-year period	42.98%	47.67%	-4.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.73%	42.33%	-9.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.73%	42.33%	-9.60%

RGPM.NEO vs. AGMI - Expense Ratio Comparison

RGPM.NEO has a 1.02% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

RGPM.NEO vs. AGMI - Dividend Comparison

RGPM.NEO has not paid dividends to shareholders, while AGMI's dividend yield for the trailing twelve months is around 4.12%.

Position	TTM	2025	2024
AGMI Themes Silver Miners ETF	4.12%	4.43%	1.81%
RGPM.NEO RBC Global Precious Metals Fund	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RGPM.NEO and AGMI in my portfolio?

RGPM.NEO and AGMI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RGPM.NEO 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, RGPM.NEO or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 1.02% for RGPM.NEO.

What is the main difference between RGPM.NEO and AGMI?

RGPM.NEO is categorized as Precious Metals, while AGMI is Silver. They also come from different issuers: RBC Global Asset Management. and Themes. Their fees differ too: 1.02% for RGPM.NEO and 0.35% for AGMI.