Themes Silver Miners ETF (AGMI) Performance
AGMI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −5.7% since Dec 31, 2025
- 1 year
- +20.8% total return
- Since first price
- +158.4% since 2024
AGMI trailing returns vs SPY, QQQ, AGG
| Period | AGMI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −16.9% | −16.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.1% | −0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −14.5% | −14.5% | +7.8% | +8.4% | −1.5% |
| YTD | −5.7% | −5.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.8% | +15.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionMay 3, 2024 | +158.4% | +142.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AGMI vs SPY
From May 3, 2024: AGMI grew to $25,843, SPY to $15,303.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AGMI returns by calendar year
1 of 1 full years positive. Best 2025 (+176.1%), worst 2025 (+176.1%). 2026 is year to date.
AGMI annual returns table
| Year | AGMI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −5.7% | −35.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +176.1% | −19.1% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AGMI largest drawdowns
Now 32.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 27, 2026 | −35.7% | Jul 16, 2026 | not yet | 5 months | 8 months so far |
| Oct 22, 2024 | −25.1% | Dec 30, 2024 | May 28, 2025 | 2 months | 7 months |
| Jan 28, 2026 | −19.7% | Feb 5, 2026 | Feb 27, 2026 | 8 days | 30 days |
| May 20, 2024 | −19.4% | Sep 6, 2024 | Sep 24, 2024 | 4 months | 4 months |
| Oct 16, 2025 | −19.1% | Nov 4, 2025 | Dec 1, 2025 | 19 days | 46 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AGMI risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +50.3% |
| Volatility (annualized) | 44.8% |
| Sharpe ratio | 1.05 |
| Sortino ratio | 1.92 |
| Best month | +29.6% |
| Worst month | −24.7% |
| Best 12 months | +247.5% |
| Worst 12 months | +15.8% |
| Positive months | 64% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AGMI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 18 | +15.8% | +82.0% | +247.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
AGMI performance overview
Themes Silver Miners ETF (AGMI) returned +20.8% over the past year, with distributions reinvested. Since its first recorded price on May 3, 2024 it has returned +158.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.7%, from Feb 27, 2026 to Jul 16, 2026; the fund has not yet regained that high. Volatility has been 44.8% a year.
Related: AGMI chart, AGMI holdings, AGMI dividends. See the AGMI overview for the latest quote and fund facts.
AGMI performance FAQ
What is the AGMI return over the past year?
AGMI returned +20.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.5%.
How much would $10,000 invested in AGMI be worth?
$10,000 invested in AGMI at its first recorded close on May 3, 2024 would be worth about $25,843 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of AGMI?
The largest peak-to-trough decline was −35.7% between February 27, 2026 and July 16, 2026. It has not yet recovered to that high; it is 32.0% below its peak.
How volatile is AGMI?
Over the past history AGMI had an annualized volatility of 44.8% and a Sharpe ratio of 1.05 (excess return over 1–3 month T-bills per unit of risk).