AGMI vs. SILJ

Last updated Jun 4, 2026

AGMI (Themes Silver Miners ETF) and SILJ (Amplify Junior Silver Miners ETF) are both Silver funds - AGMI tracks the STOXX Global Silver Mining Index while SILJ tracks the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past year, AGMI returned 112.77% vs 111.95% for SILJ. With a 0.96 correlation, they move nearly in lockstep. AGMI charges 0.35%/yr vs 0.69%/yr for SILJ.

Performance

AGMI vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Silver Miners ETF (AGMI) and Amplify Junior Silver Miners ETF (SILJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGMI achieves a 7.60% return, which is significantly higher than SILJ's 6.61% return.

AGMI

• 1D: -4.74%
• 1M: 3.77%
• YTD: 7.60%
• 6M: 20.09%
• 1Y: 112.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SILJ

• 1D: -5.24%
• 1M: 2.57%
• YTD: 6.61%
• 6M: 16.40%
• 1Y: 111.95%
• 3Y*: 47.77%
• 5Y*: 13.13%
• 10Y*: 10.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGMI vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGMI Themes Silver Miners ETF	7.60%	176.11%	-0.74%
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	-3.54%

Correlation

The correlation between AGMI and SILJ is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.96

The correlation between AGMI and SILJ has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

AGMI vs. SILJ - Sectors Allocation Comparison

Sectors	AGMI	SILJ
Basic Materials	100.0%	99.8%
Technology	0.0%	-
Communication Services	-	0.0%
Consumer Cyclical	-	-
Consumer Defensive	-	0.2%
Energy	-	-
Financial Services	-	0.3%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AGMI vs. SILJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGMI

AGMI Risk / Return Rank: 60
AGMI Sharpe Ratio Rank: 70
AGMI Sortino Ratio Rank: 51
AGMI Omega Ratio Rank: 57
AGMI Calmar Ratio Rank: 68
AGMI Martin Ratio Rank: 54

SILJ

SILJ Risk / Return Rank: 54
SILJ Sharpe Ratio Rank: 59
SILJ Sortino Ratio Rank: 46
SILJ Omega Ratio Rank: 51
SILJ Calmar Ratio Rank: 64
SILJ Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGMI vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Silver Miners ETF (AGMI) and Amplify Junior Silver Miners ETF (SILJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGMI	SILJ	Difference
Sharpe ratio Return per unit of total volatility	2.32	2.05	+0.27
Sortino ratio Return per unit of downside risk	2.52	2.35	+0.17
Omega ratio Gain probability vs. loss probability	1.35	1.32	+0.03
Calmar ratio Return relative to maximum drawdown	3.41	3.24	+0.17
Martin ratio Return relative to average drawdown	9.21	7.99	+1.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGMI vs. SILJ - Sharpe Ratio Comparison

The current AGMI Sharpe Ratio is 2.32, which is comparable to the SILJ Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of AGMI and SILJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGMI	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.05	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	0.09	+1.48

Drawdowns

AGMI vs. SILJ - Drawdown Comparison

The maximum AGMI drawdown since its inception was -33.26%, smaller than the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for AGMI and SILJ.

Drawdown Indicators

	AGMI	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-79.04%	+45.78%
Max Drawdown (1Y) Largest decline over 1 year	-33.26%	-34.71%	+1.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.06%	—
Current Drawdown Current decline from peak	-22.35%	-26.80%	+4.45%
Average Drawdown Average peak-to-trough decline	-9.14%	-41.43%	+32.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.29%	14.06%	-1.77%

Volatility

AGMI vs. SILJ - Volatility Comparison

The current volatility for Themes Silver Miners ETF (AGMI) is 17.62%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 18.69%. This indicates that AGMI experiences smaller price fluctuations and is considered to be less risky than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGMI	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.62%	18.69%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	40.98%	45.24%	-4.26%
Volatility (1Y) Calculated over the trailing 1-year period	48.95%	54.90%	-5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.04%	44.35%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.04%	46.24%	-2.20%

AGMI vs. SILJ - Expense Ratio Comparison

AGMI has a 0.35% expense ratio, which is lower than SILJ's 0.69% expense ratio.

Dividends

AGMI vs. SILJ - Dividend Comparison

AGMI's dividend yield for the trailing twelve months is around 4.12%, more than SILJ's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGMI Themes Silver Miners ETF	4.12%	4.43%	1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SILJ Amplify Junior Silver Miners ETF	1.88%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%

Frequently Asked Questions

Can I hold both AGMI and SILJ in my portfolio?

With a correlation of 0.97, AGMI and SILJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AGMI or SILJ?

SILJ has higher volatility (18.69%) compared to AGMI (17.62%). In terms of maximum drawdown, AGMI dropped -33.26% vs SILJ's -79.04%.

Which ETF is better, AGMI or SILJ?

On 1-year performance, AGMI leads with 112.77% vs 111.95% for SILJ. On fees, AGMI is cheaper at 0.35% per year. On volatility, AGMI has been the lower-risk option at 17.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGMI or SILJ?

Over the 1-year period, AGMI has performed better with a 112.77% return vs 111.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGMI or SILJ?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.69% for SILJ.

Which ETF pays a higher dividend yield, AGMI or SILJ?

AGMI has the higher dividend yield at 4.12%, compared with 1.88% for SILJ.

What is the main difference between AGMI and SILJ?

AGMI tracks STOXX Global Silver Mining Index, while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: Themes and Amplify. Their fees differ too: 0.35% for AGMI and 0.69% for SILJ.

Which has better risk-adjusted returns?

AGMI currently has the higher Sharpe Ratio (2.32 vs 2.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.