YTD Returns For SLV, SIVR, AGQ, SLVU
Skyrocketing Silver Miner ETFs
In terms of miner ETFs, there is only one focused on silver miners specifically with more than $100 million in assets. That is the Global X Silver Miners ETF (SIL | C-84), with $230 million in AUM.
SIL's focus on silver miners has given it a leg up on larger ETFs tied primarily to gold miners, such as the Market Vectors Gold Miners ETF (GDX | C-73). This year, SIL returned 79.7%, outperforming the 69.9% gain in GDX.
However, SIL isn't the top-performing silver miner ETF―not even close. That title belongs to the PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF (SILJ | F-61), which surged 139.3% year-to-date.
YTD Returns For SIL, SLVP, SILJ, GDX
In fact, SILJ's stellar return makes it the top-performing of all nonleveraged ETFs this year. Not many investors benefited from that gain, however, as the fund only has $18 million in assets.
SILJ’s focus on small- and micro-cap silver miners and explorers makes it appropriate only for the most aggressive silver bulls. Its portfolio is about 90% invested in Canadian companies and has a weighted average market cap of $400 million.
Contact Sumit Roy at [email protected].