XPPE.DE vs. AGMI

Last updated Jun 5, 2026

XPPE.DE (Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - XPPE.DE is a Precious Metals fund tracking the Platinum (EUR Hedged), while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. Both are passively managed. Over the past year, XPPE.DE returned 59.61% vs 82.93% for AGMI. A 0.56 correlation means they provide meaningful diversification when combined. XPPE.DE charges 0.73%/yr vs 0.35%/yr for AGMI.

Performance

XPPE.DE vs. AGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) and Themes Silver Miners ETF (AGMI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XPPE.DE is traded in EUR, while AGMI is traded in USD. To make them comparable, the AGMI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XPPE.DE achieves a -16.61% return, which is significantly lower than AGMI's -1.33% return.

XPPE.DE

• 1D: 0.62%
• 1M: -8.47%
• YTD: -16.61%
• 6M: 12.43%
• 1Y: 59.61%
• 3Y*: 18.07%
• 5Y*: 6.29%
• 10Y*: —

AGMI

• 1D: -9.63%
• 1M: -11.93%
• YTD: -1.33%
• 6M: 9.88%
• 1Y: 82.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XPPE.DE vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XPPE.DE Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities	-16.61%	133.17%	-5.35%
AGMI Themes Silver Miners ETF	-1.33%	143.34%	3.20%

Correlation

The correlation between XPPE.DE and AGMI is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.56

The correlation between XPPE.DE and AGMI has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.

Return for Risk

XPPE.DE vs. AGMI — Risk / Return Rank

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

XPPE.DE

XPPE.DE Risk / Return Rank: 36
XPPE.DE Sharpe Ratio Rank: 40
XPPE.DE Sortino Ratio Rank: 36
XPPE.DE Omega Ratio Rank: 40
XPPE.DE Calmar Ratio Rank: 38
XPPE.DE Martin Ratio Rank: 27

AGMI

AGMI Risk / Return Rank: 47
AGMI Sharpe Ratio Rank: 52
AGMI Sortino Ratio Rank: 42
AGMI Omega Ratio Rank: 47
AGMI Calmar Ratio Rank: 53
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.

XPPE.DE vs. AGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) 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.

	XPPE.DE	AGMI	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.73	-0.34
Sortino ratio: Return per unit of downside risk	1.85	2.08	-0.23
Omega ratio: Gain probability vs. loss probability	1.26	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	1.85	2.62	-0.77
Martin ratio: Return relative to average drawdown	3.78	7.06	-3.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XPPE.DE vs. AGMI - Sharpe Ratio Comparison

The current XPPE.DE Sharpe Ratio is 1.39, which is comparable to the AGMI Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of XPPE.DE 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

	XPPE.DE	AGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.73	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.29	-0.97

Drawdowns

XPPE.DE vs. AGMI - Drawdown Comparison

The maximum XPPE.DE drawdown since its inception was -41.02%, which is greater than AGMI's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for XPPE.DE and AGMI.

Drawdown Indicators

	XPPE.DE	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-31.80%	-9.22%
Max Drawdown (1Y) Largest decline over 1 year	-35.80%	-31.80%	-4.00%
Max Drawdown (3Y) Largest decline over 3 years	-35.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.80%	—	—
Current Drawdown Current decline from peak	-34.47%	-28.33%	-6.14%
Average Drawdown Average peak-to-trough decline	-23.79%	-8.90%	-14.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.54%	11.79%	+5.75%

Volatility

XPPE.DE vs. AGMI - Volatility Comparison

The current volatility for Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) is 11.13%, while Themes Silver Miners ETF (AGMI) has a volatility of 17.87%. This indicates that XPPE.DE 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

	XPPE.DE	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.13%	17.87%	-6.74%
Volatility (6M) Calculated over the trailing 6-month period	41.55%	40.46%	+1.09%
Volatility (1Y) Calculated over the trailing 1-year period	47.56%	48.13%	-0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.95%	42.60%	-10.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.28%	42.60%	-10.32%

XPPE.DE vs. AGMI - Expense Ratio Comparison

XPPE.DE has a 0.73% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

XPPE.DE vs. AGMI - Dividend Comparison

XPPE.DE has not paid dividends to shareholders, while AGMI's dividend yield for the trailing twelve months is around 4.58%.

Position	TTM	2025	2024
AGMI Themes Silver Miners ETF	4.58%	4.43%	1.81%
XPPE.DE Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XPPE.DE and AGMI in my portfolio?

XPPE.DE and AGMI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XPPE.DE 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, XPPE.DE or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.73% for XPPE.DE.

What is the main difference between XPPE.DE and AGMI?

XPPE.DE is categorized as Precious Metals, while AGMI is Silver. XPPE.DE tracks Platinum (EUR Hedged), while AGMI tracks STOXX Global Silver Mining Index. They also come from different issuers: Xtrackers and Themes. Their fees differ too: 0.73% for XPPE.DE and 0.35% for AGMI.