INDE vs AGMI
Comparison between MATTHEWS INDIA ACTIVE ETF (INDE, ETF) and THEMES SILVER MINERS ETF (AGMI, ETF).
INDE vs AGMI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
INDE
$13M
AGMI
$13M
Expense Ratio
INDE
0.79%
Winner
AGMI
0.35%
Max Drawdown
Winner
INDE
24.66%
AGMI
33.26%
Sharpe Ratio
INDE
-0.42
Winner
AGMI
1.46
5Y Beta
Winner
INDE
0.42
AGMI
1.11
INDE vs AGMI - Holdings Comparison
INDE and AGMI have 1 common holdings. Overlap is -0.08%
INDE's top 25 holdings weight is 69.21%. AGMI's top 25 holdings weight is 96.57%.
| Rank | INDE | AGMI |
|---|---|---|
| #1 | HDFC BANK LTD (n/a) - 6.64% | NEWMONT CORP (NEM) - 10.30% |
| #2 | ETERNAL LTD (n/a) - 6.44% | FRESNILLO PLC (n/a) - 9.58% |
| #3 | ICICI BANK LTD (n/a) - 5.16% | FIRST MAJESTIC SILVER CORP (n/a) - 8.69% |
| #4 | THANGAMAYIL JEWELLERY LTD (n/a) - 4.55% | INDUSTRIAS PENOLES SAB DE CV (n/a) - 6.24% |
| #5 | NEULAND LABORATORIES LTD (n/a) - 3.72% | WHEATON PRECIOUS METALS CORP (n/a) - 6.11% |
| #6 | BAJAJ FINANCE LTD (n/a) - 3.56% | PAN AMERICAN SILVER CORP (n/a) - 4.40% |
| #7 | BHARTI AIRTEL LTD (n/a) - 3.49% | ENDEAVOUR SILVER CORP (EXK) - 4.23% |
| #8 | RELIANCE INDUSTRIES LTD (n/a) - 3.32% | SILVERCORP METALS INC (n/a) - 4.17% |
| #9 | SHRIRAM FINANCE LTD (n/a) - 3.14% | DISCOVERY SILVER CORP (DSVSF) - 4.11% |
| #10 | AXIS BANK LTD (n/a) - 2.59% | AYA GOLD & SILVER INC (n/a) - 3.84% |
| #11 | MARICO LTD (n/a) - 2.54% | SOUTHERN COPPER CORP (SCCO) - 3.74% |
| #12 | HINDUSTAN UNILEVER LTD (n/a) - 2.09% | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 3.48% |
| #13 | MAHINDRA & MAHINDRA LTD (n/a) - 2.02% | TRIPLE FLAG PRECIOUS METALS CORP (TFPM) - 2.96% |
| #14 | SWIGGY LTD (n/a) - 1.86% | FREEPORT-MCMORAN INC (FCX) - 2.92% |
| #15 | KOTAK MAHINDRA BANK LTD (n/a) - 1.79% | ABRASILVER RESOURCE CORP (n/a) - 2.86% |
| #16 | HFCL LTD (n/a) - 1.76% | KGHM POLSKA MIEDZ SA (n/a) - 2.76% |
| #17 | AVALON TECHNOLOGIES LTD (n/a) - 1.74% | COEUR MINING INC (CDE) - 2.63% |
| #18 | STAR HEALTH AND ALLIED INSURANCE CO LTD (n/a) - 1.72% | HECLA MINING CO (HL) - 2.62% |
| #19 | n/a (n/a) - 1.70% | AMERICAS GOLD AND SILVER CORP (n/a) - 2.41% |
| #20 | STATE BANK OF INDIA (n/a) - 1.70% | VIZSLA SILVER CORP ORDINARY SHARES (NEW SHARES) (VZLA) - 1.96% |
| #21 | TATA CONSUMER PRODUCTS LTD (n/a) - 1.62% | GOGOLD RESOURCES INC (n/a) - 1.62% |
| #22 | THERMAX LTD (n/a) - 1.59% | OR ROYALTIES INC (OR) - 1.54% |
| #23 | INFOSYS LTD (n/a) - 1.54% | SSR MINING INC (SSRM) - 1.40% |
| #24 | MAX FINANCIAL SERVICES LTD (n/a) - 1.53% | JIANGXI COPPER CO LTD CLASS H (n/a) - 1.06% |
| #25 | CAMPUS ACTIVEWEAR LTD (n/a) - 1.40% | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 0.94% |
| Total Holdings | 73 | 47 |
INDE vs AGMI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
INDE
+0.03%
AGMI
-6.32%
3M
Winner
INDE
-1.11%
AGMI
-19.17%
6M
INDE
-8.45%
Winner
AGMI
+8.78%
1Y
INDE
-5.20%
Winner
AGMI
+84.23%
Max(CAGR)
INDE
+4.40%
Winner
AGMI
+59.54%
INDE vs AGMI - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | INDE | AGMI |
|---|---|---|
| 2026 | -8.94% | -2.40% |
| 2025 | +0.48% | +165.39% |
| 2024 | +11.19% | -0.74% |
| 2023 | +8.18% | N/A |
INDE vs AGMI Drawdown Comparison
The maximum drawdown for INDE was -22.89%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for AGMI was -33.26%, occurring on Mar 20, 2026. This drawdown has not yet recovered.
The current INDE drawdown is -15.35%. The current AGMI drawdown is -30.16%.
| Rank | INDE | AGMI |
|---|---|---|
| #1 | -22.89% Sep 23, 2024 - Mar 30, 2026 | -33.26% Feb 27, 2026 - Mar 20, 2026 |
| #2 | -6.26% Jun 3, 2024 - Jun 12, 2024 | -25.11% Oct 22, 2024 - May 28, 2025 |
| #3 | -5.21% Mar 1, 2024 - Apr 29, 2024 | -19.70% Jan 28, 2026 - Feb 27, 2026 |
| #4 | -4.94% Oct 17, 2023 - Oct 31, 2023 | -19.38% May 20, 2024 - Sep 24, 2024 |
| #5 | -4.15% Jul 16, 2024 - Aug 21, 2024 | -19.11% Oct 16, 2025 - Dec 1, 2025 |
| #6 | -3.76% May 2, 2024 - May 24, 2024 | -6.42% Jul 22, 2025 - Aug 6, 2025 |
| #7 | -3.18% Feb 7, 2024 - Feb 15, 2024 | -6.18% Sep 26, 2024 - Oct 18, 2024 |
| #8 | -3.05% Jan 12, 2024 - Jan 29, 2024 | -5.81% Dec 26, 2025 - Jan 6, 2026 |
| #9 | -2.96% Oct 31, 2023 - Nov 10, 2023 | -4.70% Oct 8, 2025 - Oct 13, 2025 |
| #10 | -2.30% Dec 19, 2023 - Jan 5, 2024 | -4.41% Sep 15, 2025 - Sep 22, 2025 |
| #11 | -2.07% May 24, 2024 - Jun 3, 2024 | -3.80% Jul 7, 2025 - Jul 22, 2025 |
| #12 | -2.03% Feb 23, 2024 - Mar 1, 2024 | -3.55% Jan 6, 2026 - Jan 12, 2026 |
| #13 | -1.61% Sep 4, 2024 - Sep 12, 2024 | -3.54% Dec 1, 2025 - Dec 10, 2025 |
| #14 | -1.46% Sep 25, 2023 - Oct 6, 2023 | -2.95% Aug 13, 2025 - Aug 22, 2025 |
| #15 | -1.27% Oct 6, 2023 - Oct 11, 2023 | -2.76% Jun 13, 2025 - Jun 26, 2025 |
Correlation
Correlation between INDE and AGMI 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)
INDE vs AGMI dividend yield comparison.
| Year | INDE | AGMI |
|---|---|---|
| 2025 | 1.75% | 4.43% |
| 2024 | 0.56% | 1.81% |
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