TRIO vs. AGMI

Last updated Jun 4, 2026

TRIO (MC Trio Equity Buffered ETF) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - TRIO is a Equity Hedged fund actively managed by ETF Architect, while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. TRIO is actively managed, while AGMI is passively managed. Over the past year, TRIO returned 14.67% vs 112.77% for AGMI. At a 0.33 correlation, their price movements are largely independent. TRIO charges 0.70%/yr vs 0.35%/yr for AGMI.

Performance

TRIO vs. AGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MC Trio Equity Buffered ETF (TRIO) 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, TRIO achieves a 5.46% return, which is significantly lower than AGMI's 7.60% return.

TRIO

• 1D: -0.17%
• 1M: 1.73%
• YTD: 5.46%
• 6M: 6.09%
• 1Y: 14.67%
• 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)

TRIO vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025
TRIO MC Trio Equity Buffered ETF	5.46%	11.99%
AGMI Themes Silver Miners ETF	7.60%	137.06%

Correlation

The correlation between TRIO and AGMI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.33

Return for Risk

TRIO vs. AGMI — Risk / Return Rank

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

TRIO

TRIO Risk / Return Rank: 77
TRIO Sharpe Ratio Rank: 75
TRIO Sortino Ratio Rank: 80
TRIO Omega Ratio Rank: 81
TRIO Calmar Ratio Rank: 67
TRIO Martin Ratio Rank: 83

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.

TRIO vs. AGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MC Trio Equity Buffered ETF (TRIO) 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.

	TRIO	AGMI	Difference
Sharpe ratio Return per unit of total volatility	2.40	2.32	+0.09
Sortino ratio Return per unit of downside risk	3.54	2.52	+1.02
Omega ratio Gain probability vs. loss probability	1.48	1.35	+0.13
Calmar ratio Return relative to maximum drawdown	3.30	3.41	-0.11
Martin ratio Return relative to average drawdown	16.55	9.21	+7.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRIO vs. AGMI - Sharpe Ratio Comparison

The current TRIO Sharpe Ratio is 2.40, which is comparable to the AGMI Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of TRIO 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

	TRIO	AGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.32	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.56	-0.22

Drawdowns

TRIO vs. AGMI - Drawdown Comparison

The maximum TRIO drawdown since its inception was -9.88%, smaller than the maximum AGMI drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for TRIO and AGMI.

Drawdown Indicators

	TRIO	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-9.88%	-33.26%	+23.38%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	-33.26%	+28.79%
Current Drawdown Current decline from peak	-0.17%	-22.35%	+22.18%
Average Drawdown Average peak-to-trough decline	-0.79%	-9.14%	+8.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	12.29%	-11.40%

Volatility

TRIO vs. AGMI - Volatility Comparison

The current volatility for MC Trio Equity Buffered ETF (TRIO) is 1.01%, while Themes Silver Miners ETF (AGMI) has a volatility of 17.62%. This indicates that TRIO 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

	TRIO	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	17.62%	-16.61%
Volatility (6M) Calculated over the trailing 6-month period	4.77%	40.98%	-36.21%
Volatility (1Y) Calculated over the trailing 1-year period	6.14%	48.95%	-42.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.71%	44.04%	-33.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.71%	44.04%	-33.33%

TRIO vs. AGMI - Expense Ratio Comparison

TRIO has a 0.70% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

TRIO vs. AGMI - Dividend Comparison

TRIO's dividend yield for the trailing twelve months is around 8.54%, more than AGMI's 4.12% yield.

Position	TTM	2025	2024
AGMI Themes Silver Miners ETF	4.12%	4.43%	1.81%
TRIO MC Trio Equity Buffered ETF	8.54%	9.01%	0.00%

Frequently Asked Questions

Can I hold both TRIO and AGMI in my portfolio?

TRIO and AGMI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRIO or AGMI?

AGMI has higher volatility (17.62%) compared to TRIO (1.01%). In terms of maximum drawdown, TRIO dropped -9.88% vs AGMI's -33.26%.

Which ETF is better, TRIO or AGMI?

On 1-year performance, AGMI leads with 112.77% vs 14.67% for TRIO. On fees, AGMI is cheaper at 0.35% per year. On volatility, TRIO has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRIO or AGMI?

Over the 1-year period, AGMI has performed better with a 112.77% return vs 14.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRIO or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.70% for TRIO.

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

TRIO has the higher dividend yield at 8.54%, compared with 4.12% for AGMI.

What is the main difference between TRIO and AGMI?

TRIO is categorized as Equity Hedged, while AGMI is Silver. They also come from different issuers: ETF Architect and Themes. Their fees differ too: 0.70% for TRIO and 0.35% for AGMI.

Which has better risk-adjusted returns?

TRIO currently has the higher Sharpe Ratio (2.40 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.