
Zerodha Silver ETF-Growth
Price & Volume
Key Talking Points
ETF's average daily traded value is high
This ETF's average 21-day turnover is relatively high at Rs 28.0 cr.
This is measured as average daily traded value (over last 21 trading days) on NSE and BSE combined (as applicable). Lower volume could imply low liquidity which could increase the transaction cost when buying/selling the ETF
What is Turnover (1M)?
Very high tracking difference
Tracking difference of the ETF (4.29%) is high
This measures the difference in returns (last 1 year) between the Index fund/ETF and its respective benchmark. Lower absolute tracking difference is better
What is Tracking Difference (1Y)?
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
Relatively in line expense ratio
Expense ratio of the ETF (0.39%) is in line with average expense ratio of other Index funds/ETFs (0.41%) 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?
Moderate tracking error
Tracking error of the ETF (1.33%) 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 (1.62%) 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?
Relatively in line tracking difference
Tracking difference of the ETF is in line with average tracking difference of other Index funds/ETFs (4.12%) tracking Domestic Price of Silver
This measures the relative tracking difference of the Index fund/ETF with respect to average tracking difference all index funds/ETFs tracking the same benchmark.
What is Tracking Difference (1Y)?
Scheme Overview
The scheme seeks to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.