AGMI vs QQQ
Themes Silver Miners ETF vs Invesco QQQ Trust, Series 1
Which is better, AGMI or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. AGMI led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 64.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AGMI | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $13M | $483.5B |
| Dividend Yield | 3.69% | 0.44% |
| Holdings | 47 | 107 |
| YTD Return | +18.73%Best | +15.86% |
| 1Y Return | +66.98%Best | +22.63% |
| 3Y Return (annualized) | - | +24.15% |
| 5Y Return (annualized) | - | +14.16% |
| Volatility (annualized) | 43.6% | 17.6%Best |
| Max Drawdown | -35.7% | -22.8%Best |
| $10,000 over 2.4 years | $33,598Best | $16,631 |
| Top 10 Weight | 64.5% | 46.5%Best |
| Fund Family | Themes ETFs | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 3, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 3, 2024 to Sep 10, 2026 (2.4 years).
AGMI vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
AGMI vs QQQ Performance
Themes Silver Miners ETF (AGMI) is an ETF from Themes ETFs and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AGMI returned +66.98% while QQQ returned +22.63%. Year to date, AGMI is up 18.73% versus a gain of 15.86% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AGMI has been the more volatile fund, with annualized monthly volatility of 43.6% compared with 17.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.7% for AGMI and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.06. They move largely independently of each other.
Fees and Cost Over Time
AGMI charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, AGMI currently yields 3.69% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 37 holdings in AGMI and 102 in QQQ, totalling 98.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 37 positions we hold weights for in AGMI and 102 in QQQ, against full books of 47 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for AGMI (97.0% of the fund), and 7 for AGMI that do not appear in QQQ (23.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of AGMI and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AGMI or QQQ?
AGMI has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, AGMI or QQQ?
Over the past year AGMI returned +66.98% vs +22.63% for QQQ, so AGMI leads on 1-year performance. Over the longest common window we track (2 years), AGMI annualized +65.69% vs +23.61% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AGMI or QQQ?
AGMI has been the more volatile fund at 43.6% annualized versus 17.6% for QQQ. Worst drawdown: AGMI -35.7% vs QQQ -22.8%.
Should I hold both AGMI and QQQ?
AGMI and QQQ have a monthly-return correlation of 0.06, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AGMI or QQQ?
AGMI yields 3.69% while QQQ yields 0.44%, so AGMI currently pays the higher dividend yield.
Is QQQ better than AGMI?
QQQ has a lower expense ratio. AGMI led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 64.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.