RING vs SIL overlap - what they share and where they differ

RING and SIL share 17.5% of their weight across 6 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

RING and SIL

17.5%

6 shared positions

RING

iShares MSCI Global Gold Miners ETF

Reported positions cover 100% of the fund, 40 positions · May 31, 2026

Top 10: 69.3%·Holdings of RING

SIL

Global X Silver Miners ETF

Reported positions cover 100% of the fund, 38 positions · Apr 30, 2026

Top 10: 75.1%·Holdings of SIL

Reported positions cover RING 100%, SIL 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

SIL vs RING side by side

RINGiShares MSCI Global Gold Miners ETF

40

stock positions reported to the SEC

81.9% of its weight is in 34 names SIL does not hold

SILGlobal X Silver Miners ETF

38

stock positions reported to the SEC

52.2% of its weight is in 32 names RING does not hold

Where each fund's weight sits

RING
SIL
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Basic Materials
81.2%
68.2%
Real Estate
1.6%
5.8%
Utilities
0.6%
0.0%
Consumer Cyclical
0.6%
0.0%
Communication Services
0.0%
0.4%
Financial Services
0.0%
0.2%

The widest gap is Basic Materials: RING has 13.0 points more of it.

The figures side by side

RINGSIL
Filing dateMay 31, 2026Apr 30, 2026
Stock positions reported4038
Weight of the ten largest69.3%75.1%
Largest positionNEM 16.3%WPM 22.3%
Held alone34 positions, 81.9%32 positions, 52.2%
Covered by stock positions100%100%

Holdings they share

StockIn RINGIn SILCounted
WPMWheaton Precious Metals Corp.7.38%22.30%7.38%
CDECOEUR MINING, INC.3.88%7.26%3.88%
PAASPan American Silver Corp.3.62%12.16%3.62%
SSRMSSR MINING INC.1.60%4.25%1.60%
HOCHSCHILD MINING PLC0.90%0.69%0.69%
MUXMCEWEN INC.0.28%0.71%0.28%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in RING

NEMNEWMONT CORPORATION16.31%
AEMAGNICO EAGLE MINES LIMITED12.34%
BBARRICK MINING CORPORATION9.01%
AUANGLOGOLD ASHANTI PLC4.65%
KGCKINROSS GOLD CORPORATION4.54%
GFIGold Fields Limited3.89%
ZIJIN MINING GROUP COMPANY LIMITED3.68%
AGIALAMOS GOLD INC.3.01%
IAGIAMGOLD CORPORATION2.04%
EQXEquinox Gold Corp.1.97%

Only in SIL

AGFIRST MAJESTIC SILVER CORP.5.47%
FRESNILLO PLC5.43%
HLHECLA MINING COMPANY5.04%
KOREA ZINC INC4.68%
INDUSTRIAS PENOLES, S.A.B. DE C.V.4.54%
COMPANIA DE MINAS BUENAVENTURA S.A.A.3.92%
OROR Royalties Inc.3.81%
DISCOVERY SILVER CORP2.85%
FSMFORTUNA MINING CORP.2.16%
SVMSILVERCORP METALS INC.1.85%

Questions people ask

Is RING the same as SIL?

17.5% of their weight sits in the same 6 holdings. RING also reports NEM, AEM, B, which the other does not. SIL also reports AG, FRESNILLO PLC, HL, which the other does not.

How is the overlap between RING and SIL measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of RING and 100% of SIL, so the number cannot exceed the smaller coverage.

Which holds more, SIL or RING?

RING reports 40 stock positions and SIL reports 38. 81.9% of RING's weight sits in names SIL does not hold, and 52.2% of SIL's weight in names RING does not hold. The ten largest positions are 69.3% of RING and 75.1% of SIL.

How do RING and SIL differ by sector?

The widest gap is Basic Materials: RING has 13.0 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

Add a third fund in the tool·All fund pairs

Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.