AGMI vs INDE
Comparison between THEMES SILVER MINERS ETF (AGMI, ETF) and MATTHEWS INDIA ACTIVE ETF (INDE, ETF).
AGMI vs INDE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
AGMI
$13M
INDE
$13M
Expense Ratio
Winner
AGMI
0.35%
INDE
0.79%
Max Drawdown
AGMI
33.26%
Winner
INDE
24.66%
Sharpe Ratio
Winner
AGMI
1.46
INDE
-0.42
5Y Beta
AGMI
1.11
Winner
INDE
0.42
AGMI vs INDE - Holdings Comparison
AGMI and INDE have 1 common holdings. Overlap is -0.08%
AGMI's top 25 holdings weight is 96.57%. INDE's top 25 holdings weight is 69.21%.
| Rank | AGMI | INDE |
|---|---|---|
| #1 | NEWMONT CORP (NEM) - 10.30% | HDFC BANK LTD (n/a) - 6.64% |
| #2 | FRESNILLO PLC (n/a) - 9.58% | ETERNAL LTD (n/a) - 6.44% |
| #3 | FIRST MAJESTIC SILVER CORP (n/a) - 8.69% | ICICI BANK LTD (n/a) - 5.16% |
| #4 | INDUSTRIAS PENOLES SAB DE CV (n/a) - 6.24% | THANGAMAYIL JEWELLERY LTD (n/a) - 4.55% |
| #5 | WHEATON PRECIOUS METALS CORP (n/a) - 6.11% | NEULAND LABORATORIES LTD (n/a) - 3.72% |
| #6 | PAN AMERICAN SILVER CORP (n/a) - 4.40% | BAJAJ FINANCE LTD (n/a) - 3.56% |
| #7 | ENDEAVOUR SILVER CORP (EXK) - 4.23% | BHARTI AIRTEL LTD (n/a) - 3.49% |
| #8 | SILVERCORP METALS INC (n/a) - 4.17% | RELIANCE INDUSTRIES LTD (n/a) - 3.32% |
| #9 | DISCOVERY SILVER CORP (DSVSF) - 4.11% | SHRIRAM FINANCE LTD (n/a) - 3.14% |
| #10 | AYA GOLD & SILVER INC (n/a) - 3.84% | AXIS BANK LTD (n/a) - 2.59% |
| #11 | SOUTHERN COPPER CORP (SCCO) - 3.74% | MARICO LTD (n/a) - 2.54% |
| #12 | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 3.48% | HINDUSTAN UNILEVER LTD (n/a) - 2.09% |
| #13 | TRIPLE FLAG PRECIOUS METALS CORP (TFPM) - 2.96% | MAHINDRA & MAHINDRA LTD (n/a) - 2.02% |
| #14 | FREEPORT-MCMORAN INC (FCX) - 2.92% | SWIGGY LTD (n/a) - 1.86% |
| #15 | ABRASILVER RESOURCE CORP (n/a) - 2.86% | KOTAK MAHINDRA BANK LTD (n/a) - 1.79% |
| #16 | KGHM POLSKA MIEDZ SA (n/a) - 2.76% | HFCL LTD (n/a) - 1.76% |
| #17 | COEUR MINING INC (CDE) - 2.63% | AVALON TECHNOLOGIES LTD (n/a) - 1.74% |
| #18 | HECLA MINING CO (HL) - 2.62% | STAR HEALTH AND ALLIED INSURANCE CO LTD (n/a) - 1.72% |
| #19 | AMERICAS GOLD AND SILVER CORP (n/a) - 2.41% | n/a (n/a) - 1.70% |
| #20 | VIZSLA SILVER CORP ORDINARY SHARES (NEW SHARES) (VZLA) - 1.96% | STATE BANK OF INDIA (n/a) - 1.70% |
| #21 | GOGOLD RESOURCES INC (n/a) - 1.62% | TATA CONSUMER PRODUCTS LTD (n/a) - 1.62% |
| #22 | OR ROYALTIES INC (OR) - 1.54% | THERMAX LTD (n/a) - 1.59% |
| #23 | SSR MINING INC (SSRM) - 1.40% | INFOSYS LTD (n/a) - 1.54% |
| #24 | JIANGXI COPPER CO LTD CLASS H (n/a) - 1.06% | MAX FINANCIAL SERVICES LTD (n/a) - 1.53% |
| #25 | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 0.94% | CAMPUS ACTIVEWEAR LTD (n/a) - 1.40% |
| Total Holdings | 47 | 73 |
AGMI vs INDE - Historical Returns
Returns include dividend reinvestment.
1M
AGMI
-6.32%
Winner
INDE
+0.03%
3M
AGMI
-19.17%
Winner
INDE
-1.11%
6M
Winner
AGMI
+8.78%
INDE
-8.45%
1Y
Winner
AGMI
+84.23%
INDE
-5.20%
Max(CAGR)
Winner
AGMI
+59.54%
INDE
+4.40%
AGMI vs INDE - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | AGMI | INDE |
|---|---|---|
| 2026 | -2.40% | -8.94% |
| 2025 | +165.39% | +0.48% |
| 2024 | -0.74% | +11.19% |
| 2023 | N/A | +8.18% |
AGMI vs INDE Drawdown Comparison
The maximum drawdown for AGMI was -33.26%, occurring on Mar 20, 2026. This drawdown has not yet recovered.
The maximum drawdown for INDE was -22.89%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current AGMI drawdown is -30.16%. The current INDE drawdown is -15.35%.
| Rank | AGMI | INDE |
|---|---|---|
| #1 | -33.26% Feb 27, 2026 - Mar 20, 2026 | -22.89% Sep 23, 2024 - Mar 30, 2026 |
| #2 | -25.11% Oct 22, 2024 - May 28, 2025 | -6.26% Jun 3, 2024 - Jun 12, 2024 |
| #3 | -19.70% Jan 28, 2026 - Feb 27, 2026 | -5.21% Mar 1, 2024 - Apr 29, 2024 |
| #4 | -19.38% May 20, 2024 - Sep 24, 2024 | -4.94% Oct 17, 2023 - Oct 31, 2023 |
| #5 | -19.11% Oct 16, 2025 - Dec 1, 2025 | -4.15% Jul 16, 2024 - Aug 21, 2024 |
| #6 | -6.42% Jul 22, 2025 - Aug 6, 2025 | -3.76% May 2, 2024 - May 24, 2024 |
| #7 | -6.18% Sep 26, 2024 - Oct 18, 2024 | -3.18% Feb 7, 2024 - Feb 15, 2024 |
| #8 | -5.81% Dec 26, 2025 - Jan 6, 2026 | -3.05% Jan 12, 2024 - Jan 29, 2024 |
| #9 | -4.70% Oct 8, 2025 - Oct 13, 2025 | -2.96% Oct 31, 2023 - Nov 10, 2023 |
| #10 | -4.41% Sep 15, 2025 - Sep 22, 2025 | -2.30% Dec 19, 2023 - Jan 5, 2024 |
| #11 | -3.80% Jul 7, 2025 - Jul 22, 2025 | -2.07% May 24, 2024 - Jun 3, 2024 |
| #12 | -3.55% Jan 6, 2026 - Jan 12, 2026 | -2.03% Feb 23, 2024 - Mar 1, 2024 |
| #13 | -3.54% Dec 1, 2025 - Dec 10, 2025 | -1.61% Sep 4, 2024 - Sep 12, 2024 |
| #14 | -2.95% Aug 13, 2025 - Aug 22, 2025 | -1.46% Sep 25, 2023 - Oct 6, 2023 |
| #15 | -2.76% Jun 13, 2025 - Jun 26, 2025 | -1.27% Oct 6, 2023 - Oct 11, 2023 |
Correlation
Correlation between AGMI and INDE is -0.25 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.25
-101
Dividend Comparison (2024 - 2025)
AGMI vs INDE dividend yield comparison.
| Year | AGMI | INDE |
|---|---|---|
| 2025 | 4.43% | 1.75% |
| 2024 | 1.81% | 0.56% |
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