SLVP ETF: What Is It? A Complete Guide to Returns, Fees, Holdings and Alternative ETFs
This ETF concentrates its investments on high-quality global silver mining stocks. When silver prices rise, it benefits from improved profitability at mining companies.
SubscribeWhat Is This ETF?
It tracks an MSCI index of silver mining companies worldwide and holds firms that generate a significant portion of their revenue from silver mining and related mineral businesses. It is market-cap weighted by default, with caps applied to the weight of each holding.
It is suited to aggressive investors who expect silver prices to rise over the long term and who seek additional returns by investing in mining companies, which are more volatile than physical assets.
It is a passively managed (index-tracking) ETF launched in 2012 by BlackRock (iShares).
How Does It Invest?
| Item | Details |
|---|---|
| Tracked Index | MSCI ACWI Select Silver Miners IMI |
| Management Style | Passive (precious metals mining) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Semiannual |
| Expense Ratio | 0.39% |
In addition to pure silver miners, the fund selects diversified mining companies that also extract other precious metals such as gold, provided they meet the silver revenue criteria. To prevent any single company from dominating, it uses a capping methodology that limits the weight of individual holdings.
- Relatively low management fee within the silver mining sector
- Broad exposure to mining companies in both developed and emerging markets worldwide
Size and Costs
Assets under management (AUM) stand at $787.1M, and the expense ratio is 0.39% per year.
Compared with the similar SIL, its fee level is lower, which can be advantageous in terms of cost for long-term holders.
Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeMining companies' profitability has been improving on expectations of higher precious metals prices and expanding industrial demand. Market attention tends to concentrate on the fund during economic recoveries or when inflation concerns grow.
Fund flows are driven by the commodity cycle and fluctuations in the value of the dollar. In particular, as silver's industrial value draws attention, inflows of thematic investment money are sometimes observed.
Strengths and Weaknesses
Its strength is high earnings sensitivity to silver price moves, but investors should be mindful of the company-specific risks and volatility inherent in mining stocks.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products
The SIL shown in the table is a leading competitor, while GDX and GDXJ are ETFs specialized in gold mining companies and are often considered together when building a precious metals portfolio. If you want to focus more on small and mid-cap silver miners, SILJ can be a good alternative, and among individual stocks you may also consider quality names such as PAAS or HL directly. In addition, if you are interested in mining other metals such as copper, COPX is also a useful option.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 GDX | VanEck Gold Miners ETF | $80.20 | -1.8% | $25.2B | 0.51% | 0.79% | +8.7% |
 GDXJ | VanEck Junior Gold Miners ETF | $99.35 | -1.8% | $7.6B | 0.52% | 2.67% | +3.4% |
 COPX | Global X Copper Miners ETF | $73.09 | -0.1% | $6.3B | 0.65% | 2.64% | +21.4% |
 URA | Global X Uranium ETF | $34.11 | +0.1% | $4.8B | 0.69% | 6.11% | -31.7% |
 SIL | Global X Silver Miners ETF | $74.06 | -2.5% | $3.8B | 0.65% | 1.37% | +8.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 HL | Hecla Mining Co | 0.41% | $13.85 | -1.8% | $9.3B | 17.8 | 0.18% |
 AG | First Majestic Silver Corp | 0.28% | $14.77 | -2.3% | $7.3B | 21.2 | 0.27% |
 AYA | Aya Gold & Silver Inc | 0.06% | $23.77 | -0.4% | $3.4B | 31.1 | - |
| NEM | Newmont Corp | 0.05% | $108.87 | -4.6% | $114.7B | 12.7 | 0.95% |
 SVM | Silvercorp Metals Inc | 0.05% | $8.44 | -2.1% | $1.9B | 81.5 | 0.36% |
| AEM | Agnico Eagle Mines Ltd | 0.05% | $173.94 | -1.3% | $88.6B | 14.9 | 0.93% |
Investor Checkpoints
SLVP is a useful tool for strategic investors looking to turn precious metals market volatility into returns. Please check the following points carefully before investing.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Management Fee | Review cost competitiveness versus comparable precious metals mining ETFs | Low |
| ⛏️ Mined Commodities | Check the share of revenue from gold and other metals besides silver | Needs verification |
| 🌍 Country Risk | Review the political stability of the countries where major mines are located | Moderate |
| 📊 Silver Price Trend | Compare the underlying silver price with mining company performance | Closely correlated |
Investing in mining companies depends not only on commodity prices but also on management capability and cost control. Therefore, investors who want to bet purely on silver prices should be aware that performance can differ from that of a physical silver ETF.
It is suitable for aggressive asset allocation aimed at capturing both silver's industrial growth potential and the asset value of precious metals. It is a global thematic product recommended for investors who can tolerate portfolio volatility.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
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