SLVX
Global X Silver Miners Index ETF

Full SLVX fund page
VS
ZMT
BMO Equal Weight Global Base Metals Hedged to CAD Index ETF

Full ZMT fund page

Compare Global X Silver Miners Index ETF (SLVX) vs BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT) to find the best fit for your portfolio. SLVX provides Non-Energy Materials and Consumer Non-Cyclicals exposures, while ZMT is primarily weighted in Non-Energy Materials and Industrials. When evaluating costs, SLVX features a management fee (MER) of 0.5%, compared to 0.55% for ZMT. 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%----
ZMT
-16.25%-13.24%+11.12%+53.76%+106.91%
Flows
SLVX
+$3 M----
ZMT
+$3 M+$14 M+$18 M+$36 M+$21 M

SLVX vs ZMT exposure

Countries

SLVX
Canada
59.79%
USA
20.10%
Mexico
9.71%
Other
10.40%
ZMT
Canada
48.80%
USA
35.37%
Other
15.83%

Sectors

SLVX
Non-Energy Materials
98.38%
ZMT
Non-Energy Materials
97.64%
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%
ZMT
Northern Dynasty Minerals Ltd.
3.51%
Kaiser Aluminum Corp.
3.14%
Osisko Metals, Inc.
3.05%
Luxfer Holdings Plc
2.99%
ASP Isotopes, Inc.
2.93%
Constellium SE
2.90%
Compass Minerals International, Inc.
2.89%
Nexa Resources SA
2.87%
Capstone Copper Corp.
2.76%
Teck Resources Limited
2.74%

Diversification

SLVX
Total weight of top 10 holdings out of 34 total
76.36%
ZMT
Total weight of top 10 holdings out of 41 total
29.78%

Characteristics

Compare
SLVX
ZMT
ProviderGlobal XBMO
ManagementPassively managedPassively managed
BenchmarkSolactive Global Silver Miners Index NTR - CADSolactive Equal Weight Global Base Metals Canadian Dollar Hedged Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield-0.19%
Meets ESG criteriaNoNo
Inception DateMay 12, 2022October 20, 2009

Frequently asked questions about SLVX and ZMT

Which ETF is larger by assets under management: SLVX or ZMT?
As of July 17, 2026, SLVX manages $7.97 M in assets, while ZMT manages $74.92 M. ZMT is the larger fund by AUM.
How are SLVX and ZMT managed?
SLVX is passively managed by Global X. It tracks the Solactive Global Silver Miners Index NTR - CAD benchmark. ZMT is passively managed by BMO. It tracks the Solactive Equal Weight Global Base Metals Canadian Dollar Hedged Index - CAD benchmark.
What sectors do SLVX and ZMT emphasize?
SLVX is most exposed to Non-Energy Materials and Consumer Non-Cyclicals. ZMT is most exposed to Non-Energy Materials and Industrials.
How do the fees of SLVX and ZMT compare?
SLVX has an expense ratio of 0.50%, while ZMT has an expense ratio of 0.61%.
What are the top holdings of SLVX and ZMT?
SLVX's largest holdings include Wheaton Precious Metals Corp., Pan American Silver Corp., and Coeur Mining, Inc.. ZMT's top holdings include Northern Dynasty Minerals Ltd., Kaiser Aluminum Corp., and Osisko Metals, Inc..
Which ETF is more diversified: SLVX or ZMT?
SLVX holds 34 securities, while ZMT holds 41. On holdings count, ZMT is the more diversified portfolio.

Recent articles about SLVX and ZMT

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