AGMI vs VOO
Themes Silver Miners ETF vs Vanguard S&P 500 ETF
Which is better, AGMI or VOO?
AGMI has been ahead.
VOO has a lower expense ratio. AGMI led over 1Y and the full window. VOO is less concentrated, with 36.4% 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 | VOO |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $13M | $997.4B |
| Dividend Yield | 3.69% | 1.04% |
| Holdings | 47 | 509 |
| YTD Return | +24.34%Best | +12.23% |
| 1Y Return | +79.11%Best | +18.60% |
| 3Y Return (annualized) | - | +20.98% |
| 5Y Return (annualized) | - | +12.76% |
| Volatility (annualized) | 43.4% | 11.8%Best |
| Max Drawdown | -35.7% | -18.7%Best |
| $10,000 over 2.4 years | $35,266Best | $15,474 |
| Top 10 Weight | 64.5% | 36.4%Best |
| Fund Family | Themes ETFs | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 3, 2024 | Sep 7, 2010 |
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 9, 2026 (2.4 years).
AGMI vs VOO 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 VOO Performance
Themes Silver Miners ETF (AGMI) is an ETF from Themes ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year AGMI returned +79.11% while VOO returned +18.60%. Year to date, AGMI is up 24.34% versus a gain of 12.23% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AGMI has been the more volatile fund, with annualized monthly volatility of 43.4% compared with 11.8% for VOO. 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.15. They move largely independently of each other.
Fees and Cost Over Time
AGMI charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, AGMI currently yields 3.69% against 1.04% for VOO.
Holdings Overlap
12.9% of AGMI's money is in holdings VOO also owns. 0.3% of VOO's money is in holdings AGMI also owns.
AGMI and VOO share little of their money.
The two holdings books were reported 49 days apart, AGMI as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 37 positions we hold weights for in AGMI and 505 in VOO, against full books of 47 and 509.
What only one of them owns
Our book lists 494 positions for VOO that do not appear in our book for AGMI (99.2% of the fund), and 5 for AGMI that do not appear in VOO (10.7%).
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 VOO 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 VOO?
AGMI has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, AGMI or VOO?
Over the past year AGMI returned +79.11% vs +18.60% for VOO, so AGMI leads on 1-year performance. Over the longest common window we track (2 years), AGMI annualized +69.07% vs +19.95% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AGMI or VOO?
AGMI has been the more volatile fund at 43.4% annualized versus 11.8% for VOO. Worst drawdown: AGMI -35.7% vs VOO -18.7%.
Should I hold both AGMI and VOO?
AGMI and VOO have a monthly-return correlation of 0.15, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AGMI and VOO?
12.9% of AGMI's money is in holdings VOO also owns. 0.3% of VOO's is in holdings AGMI also owns. They hold 2 positions in common, counted across the 37 positions we hold weights for in AGMI and 505 in VOO.
Which pays a higher dividend, AGMI or VOO?
AGMI yields 3.69% while VOO yields 1.04%, so AGMI currently pays the higher dividend yield.
Is VOO better than AGMI?
VOO has a lower expense ratio. AGMI led over 1Y and the full window. VOO is less concentrated, with 36.4% 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.