RUSC vs. AGMI

Last updated Jun 23, 2026

RUSC (U.S. Small Cap Equity Active ETF) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - RUSC is a Small Cap Blend Equities fund actively managed by Russell, while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. RUSC is actively managed, while AGMI is passively managed. Over the past year, RUSC returned 43.83% vs 96.26% for AGMI. At a 0.35 correlation, their price movements are largely independent. RUSC charges 0.64%/yr vs 0.35%/yr for AGMI.

Performance

RUSC vs. AGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Small Cap Equity Active ETF (RUSC) 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, RUSC achieves a 23.06% return, which is significantly higher than AGMI's 1.75% return.

RUSC

• 1D: 0.58%
• 1M: 5.41%
• YTD: 23.06%
• 6M: 20.35%
• 1Y: 43.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AGMI

• 1D: -1.30%
• 1M: -4.11%
• YTD: 1.75%
• 6M: -0.78%
• 1Y: 96.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RUSC vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025
RUSC U.S. Small Cap Equity Active ETF	23.06%	16.87%
AGMI Themes Silver Miners ETF	1.75%	119.13%

Correlation

The correlation between RUSC 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 14, 2025	0.35

Return for Risk

RUSC vs. AGMI — Risk / Return Rank

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

RUSC

RUSC Risk / Return Rank: 79
RUSC Sharpe Ratio Rank: 77
RUSC Sortino Ratio Rank: 77
RUSC Omega Ratio Rank: 71
RUSC Calmar Ratio Rank: 87
RUSC Martin Ratio Rank: 85

AGMI

AGMI Risk / Return Rank: 51
AGMI Sharpe Ratio Rank: 58
AGMI Sortino Ratio Rank: 45
AGMI Omega Ratio Rank: 48
AGMI Calmar Ratio Rank: 59
AGMI Martin Ratio Rank: 44

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.

RUSC vs. AGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Small Cap Equity Active ETF (RUSC) 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.

	RUSC	AGMI	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.89	+0.49
Sortino ratio: Return per unit of downside risk	3.28	2.19	+1.09
Omega ratio: Gain probability vs. loss probability	1.40	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	4.80	2.81	+1.98
Martin ratio: Return relative to average drawdown	17.10	7.07	+10.03

RUSC vs. AGMI - Sharpe Ratio Comparison

The current RUSC Sharpe Ratio is 2.37, which is comparable to the AGMI Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of RUSC 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

RUSC vs. AGMI - Drawdown Comparison

The maximum RUSC drawdown since its inception was -9.18%, smaller than the maximum AGMI drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for RUSC and AGMI.

Drawdown Indicators

	RUSC	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-9.18%	-34.40%	+25.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	-34.40%	+25.22%
Current Drawdown Current decline from peak	0.00%	-26.57%	+26.57%
Average Drawdown Average peak-to-trough decline	-1.71%	-9.53%	+7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	13.66%	-11.09%

Volatility

RUSC vs. AGMI - Volatility Comparison

The current volatility for U.S. Small Cap Equity Active ETF (RUSC) is 5.84%, while Themes Silver Miners ETF (AGMI) has a volatility of 18.45%. This indicates that RUSC 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

	RUSC	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	18.45%	-12.61%
Volatility (6M) Calculated over the trailing 6-month period	13.63%	43.68%	-30.05%
Volatility (1Y) Calculated over the trailing 1-year period	18.60%	51.43%	-32.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.34%	44.87%	-26.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	44.87%	-26.53%

RUSC vs. AGMI - Expense Ratio Comparison

RUSC has a 0.64% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

RUSC vs. AGMI - Dividend Comparison

RUSC's dividend yield for the trailing twelve months is around 0.31%, less than AGMI's 4.35% yield.

Position	TTM	2025	2024
AGMI Themes Silver Miners ETF	4.35%	4.43%	1.81%
RUSC U.S. Small Cap Equity Active ETF	0.31%	0.38%	0.00%

Frequently Asked Questions

Can I hold both RUSC and AGMI in my portfolio?

RUSC 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 is riskier, RUSC or AGMI?

AGMI has higher volatility (18.45%) compared to RUSC (5.84%). In terms of maximum drawdown, RUSC dropped -9.18% vs AGMI's -34.40%.

Which ETF is better, RUSC or AGMI?

On 1-year performance, AGMI leads with 96.26% vs 43.83% for RUSC. On fees, AGMI is cheaper at 0.35% per year. On volatility, RUSC has been the lower-risk option at 5.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RUSC or AGMI?

Over the 1-year period, AGMI has performed better with a 96.26% return vs 43.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RUSC or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.64% for RUSC.

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

AGMI has the higher dividend yield at 4.35%, compared with 0.31% for RUSC.

What is the main difference between RUSC and AGMI?

RUSC is categorized as Small Cap Blend Equities, while AGMI is Silver. They also come from different issuers: Russell and Themes. Their fees differ too: 0.64% for RUSC and 0.35% for AGMI.

Which has better risk-adjusted returns?

RUSC currently has the higher Sharpe Ratio (2.37 vs 1.89), 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.