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

RING and SIL share 17.0% 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

17.0%

6 shared positions

RING

iShares MSCI Global Gold Miners ETF

Reported positions cover 101% of the fund, 39 positions · Aug 31, 2026

Top 10: 69.6%·Holdings of RING

SIL

Global X Silver Miners ETF

Reported positions cover 100% of the fund, 39 positions · Jul 31, 2026

Top 10: 76.3%·Holdings of SIL

Reported positions cover RING 101%, 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

39

stock positions reported to the SEC

83.5% of its weight is in 33 names SIL does not hold

SILGlobal X Silver Miners ETF

39

stock positions reported to the SEC

48.6% of its weight is in 33 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
83.3%
70.7%
Real Estate
1.7%
5.4%
Consumer Cyclical
0.7%
0.0%
Utilities
0.7%
0.0%
Communication Services
0.0%
0.6%
Financial Services
0.0%
0.2%

The widest gap is Basic Materials: RING has 12.6 points more of it.

The figures side by side

RINGSIL
Filing dateAug 31, 2026Jul 31, 2026
Stock positions reported3939
Weight of the ten largest69.6%76.3%
Largest positionNEM 17.2%WPM 22.4%
Held alone33 positions, 83.5%33 positions, 48.6%
Covered by stock positions101%100%

Holdings they share

StockIn RINGIn SILCounted
WPMWheaton Precious Metals Corp.7.68%22.38%7.68%
CDECOEUR MINING, INC.3.45%10.59%3.45%
PAASPan American Silver Corp.3.06%12.54%3.06%
SSRMSSR MINING INC.1.67%3.85%1.67%
HOCHSCHILD MINING PLC0.90%1.34%0.90%
MUXMCEWEN INC.0.24%0.66%0.24%

What each holds alone

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

Only in RING

NEMNEWMONT CORPORATION17.23%
AEMAGNICO EAGLE MINES LIMITED12.84%
BBARRICK MINING CORPORATION8.79%
AUANGLOGOLD ASHANTI PLC5.01%
GFIGold Fields Limited4.69%
KGCKINROSS GOLD CORPORATION4.38%
AGIALAMOS GOLD INC.2.50%
EQXEquinox Gold Corp.2.50%
IAGIAMGOLD CORPORATION2.13%
ENDEAVOUR MINING PLC2.05%

Only in SIL

INDUSTRIAS PENOLES, S.A.B. DE C.V.5.21%
HLHECLA MINING COMPANY4.63%
AGFIRST MAJESTIC SILVER CORP.4.47%
FRESNILLO PLC4.30%
COMPANIA DE MINAS BUENAVENTURA S.A.A.4.18%
OROR Royalties Inc.4.16%
DISCOVERY MINING LTD.3.00%
KOREA ZINC INC2.43%
AYAAya Gold & Silver Inc.2.01%
FSMFORTUNA MINING CORP.1.92%

Questions people ask

Is RING the same as SIL?

17.0% of their weight sits in the same 6 holdings. RING also reports NEM, AEM, B, which the other does not. SIL also reports INDUSTRIAS PENOLES, S.A.B. DE C.V., HL, AG, 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 101% of RING and 100% of SIL, so the number cannot exceed the smaller coverage.

Which holds more, SIL or RING?

RING reports 39 stock positions and SIL reports 39. 83.5% of RING's weight sits in names SIL does not hold, and 48.6% of SIL's weight in names RING does not hold. The ten largest positions are 69.6% of RING and 76.3% of SIL.

How do RING and SIL differ by sector?

The widest gap is Basic Materials: RING has 12.6 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.