SLVX
Global X Silver Miners Index ETF

Full SLVX fund page
VS
ZGD
BMO Equal Weight Global Gold Index ETF

Full ZGD fund page

Compare Global X Silver Miners Index ETF (SLVX) vs BMO Equal Weight Global Gold Index ETF (ZGD) to find the best fit for your portfolio. SLVX provides Non-Energy Materials and Consumer Non-Cyclicals exposures, while ZGD is primarily weighted in Non-Energy Materials. When evaluating costs, SLVX features a management fee (MER) of 0.5%, compared to 0.55% for ZGD. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-15.0-10.0-5.00.0%Jun 17Jun 24Jul 1Jul 8Jul 15

Key Data

Historical performance and flows

As of July 17, 2026
1M3MYTD1Y3Y
Perf.
SLVX
-17.55%----
ZGD
-16.65%-27.96%-10.96%+56.72%+227.28%
Flows
SLVX
+$3 M----
ZGD
-$7 M-$27 M+$24 M+$60 M+$79 M

SLVX vs ZGD exposure

Countries

SLVX
Canada
59.79%
USA
20.10%
Mexico
9.71%
Other
10.40%
ZGD
Canada
74.07%
USA
19.77%

Sectors

SLVX
Non-Energy Materials
98.38%
ZGD
Non-Energy Materials
100.00%
As of July 17, 2026

Top 10 Holdings

SLVX
Wheaton Precious Metals Corp.
21.43%
Pan American Silver Corp.
13.06%
Coeur Mining, Inc.
10.80%
Industrias Peñoles SAB de CV
5.20%
First Majestic Silver Corp.
4.96%
Hecla Mining Co.
4.59%
Fresnillo Plc
4.51%
OR Royalties, Inc.
4.11%
Compañía de Minas Buenaventura SAA
4.01%
SSR Mining, Inc.
3.70%
ZGD
Coeur Mining, Inc.
3.79%
Rupert Resources Ltd.
3.01%
Wesdome Gold Mines Ltd.
2.52%
Orezone Gold Corp.
2.38%
Montage Gold Corp.
2.34%
SSR Mining, Inc.
2.28%
Seabridge Gold, Inc.
2.23%
Endeavour Mining Plc
2.18%
Aura Minerals, Inc.
2.17%
Harmony Gold Mining Co. Ltd.
2.15%

Diversification

SLVX
Total weight of top 10 holdings out of 34 total
76.36%
ZGD
Total weight of top 10 holdings out of 49 total
25.05%

Characteristics

Compare
SLVX
ZGD
ProviderGlobal XBMO
ManagementPassively managedPassively managed
BenchmarkSolactive Global Silver Miners Index NTR - CADSolactive Equal Weight Global Gold Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield-0.25%
Meets ESG criteriaNoNo
Inception DateMay 12, 2022November 14, 2012

Frequently asked questions about SLVX and ZGD

Which ETF is larger by assets under management: SLVX or ZGD?
As of July 17, 2026, SLVX manages $7.97 M in assets, while ZGD manages $259.75 M. ZGD is the larger fund by AUM.
How are SLVX and ZGD managed?
SLVX is passively managed by Global X. It tracks the Solactive Global Silver Miners Index NTR - CAD benchmark. ZGD is passively managed by BMO. It tracks the Solactive Equal Weight Global Gold Index - CAD benchmark.
What sectors do SLVX and ZGD emphasize?
SLVX is most exposed to Non-Energy Materials and Consumer Non-Cyclicals. ZGD is most exposed to Non-Energy Materials.
How do the fees of SLVX and ZGD compare?
SLVX has an expense ratio of 0.50%, while ZGD has an expense ratio of 0.60%.
What are the top holdings of SLVX and ZGD?
SLVX's largest holdings include Wheaton Precious Metals Corp., Pan American Silver Corp., and Coeur Mining, Inc.. ZGD's top holdings include Coeur Mining, Inc., Rupert Resources Ltd., and Wesdome Gold Mines Ltd..
Which ETF is more diversified: SLVX or ZGD?
SLVX holds 34 securities, while ZGD holds 49. On holdings count, ZGD is the more diversified portfolio.

Recent articles about SLVX and ZGD

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