Quant Silver ETF-Growth
Price & Volume
Key Talking Points
Relatively high expense ratio
Expense ratio of the ETF (0.59%) is higher than average expense ratio of other Index funds/ETFs (0.45%) tracking Domestic Price of Silver
This measures the relative expense of the index fund/ETF with respect to average expense ratio all index funds/ETFs tracking the same benchmark. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
Not enough performance data
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
Moderate tracking error
Tracking error of the ETF (0.78%) is in a reasonable range
This is a measure of how well an Index fund/ETF has been able to replicate the performance of the benchmark its tracking. As a passive investor, lower tracking error is always better
What is Tracking Error?
Relatively low tracking error
Tracking error of the ETF is lower than average tracking error of other Index funds/ETFs (1.53%) tracking Domestic Price of Silver
This measures the relative tracking error of the Index fund/ETF with respect to average tracking error all index funds/ETFs tracking the same benchmark.
What is Tracking Error?
Scheme Overview
The scheme seeks to generate returns that are in line with the performance of physical silver in prices, domestic subject to tracking error.