XSLR.DE vs. AGMI

Last updated Jul 21, 2026

XSLR.DE (Xtrackers IE Physical Silver ETC Securities) and AGMI (Themes Silver Miners ETF) are both Silver funds - XSLR.DE tracks the LBMA Silver Price while AGMI tracks the STOXX Global Silver Mining Index. Both are passively managed. With a 1.00 correlation, they move nearly in lockstep. XSLR.DE charges 0.20%/yr vs 0.35%/yr for AGMI.

Performance

XSLR.DE vs. AGMI - Performance Comparison

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

Different Trading Currencies

XSLR.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

XSLR.DE

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AGMI

• 1D: 0.23%
• 1M: -12.88%
• 6M: -22.04%
• YTD: -7.97%
• 1Y: 72.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.04%

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

XSLR.DE vs. AGMI - Yearly Performance Comparison

	2026 (YTD)
XSLR.DE Xtrackers IE Physical Silver ETC Securities	0.64%
AGMI Themes Silver Miners ETF	0.58%

Correlation

The correlation between XSLR.DE and AGMI is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 17, 2026	1.00

Return for Risk

XSLR.DE vs. AGMI — Risk / Return Rank

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

XSLR.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AGMI

AGMI Risk / Return Rank: 46
AGMI Sharpe Ratio Rank: 51
AGMI Sortino Ratio Rank: 45
AGMI Omega Ratio Rank: 48
AGMI Calmar Ratio Rank: 51
AGMI Martin Ratio Rank: 37

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Silver ETC Securities (XSLR.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.

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.

	XSLR.DE	AGMI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.45	—
Sortino ratio: Return per unit of downside risk	—	1.86	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.17	—
Martin ratio: Return relative to average drawdown	—	4.76	—

Drawdowns

XSLR.DE vs. AGMI - Drawdown Comparison

The maximum XSLR.DE drawdown since its inception was 0.00%, smaller than the maximum AGMI drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for XSLR.DE and AGMI.

Drawdown Indicators

	XSLR.DE	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-33.53%	+33.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.53%	—
Current Drawdown Current decline from peak	0.00%	-33.15%	+33.15%
Average Drawdown Average peak-to-trough decline	0.00%	-9.91%	+9.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.27%	—

Volatility

Volatility by Period

	XSLR.DE	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	41.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.19%	50.33%	-43.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.19%	42.88%	-35.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.19%	42.88%	-35.69%

XSLR.DE vs. AGMI - Expense Ratio Comparison

XSLR.DE has a 0.20% expense ratio, which is lower than AGMI's 0.35% expense ratio.

Dividends

XSLR.DE vs. AGMI - Dividend Comparison

XSLR.DE has not paid dividends to shareholders, while AGMI's dividend yield for the trailing twelve months is around 4.95%.

Position	TTM	2025	2024
AGMI Themes Silver Miners ETF	4.95%	4.43%	1.81%
XSLR.DE Xtrackers IE Physical Silver ETC Securities	0.00%	0.00%	0.00%

Frequently Asked Questions

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

With a correlation of 1.00, XSLR.DE and AGMI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XSLR.DE or AGMI?

On fees, XSLR.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSLR.DE or AGMI?

XSLR.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for AGMI.

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

XSLR.DE tracks LBMA Silver Price, while AGMI tracks STOXX Global Silver Mining Index. They also come from different issuers: Xtrackers and Themes. Their fees differ too: 0.20% for XSLR.DE and 0.35% for AGMI.