ASM vs. SILJ

Last updated Jun 4, 2026

ASM (Avino Silver & Gold Mines Ltd.) is a stock, while SILJ (Amplify Junior Silver Miners ETF) is Silver fund tracking the Nasdaq Junior Silver Miners Index. Over the past 10 years, ASM returned 16.51%/yr vs 10.08%/yr for SILJ. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

ASM vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avino Silver & Gold Mines Ltd. (ASM) 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, ASM achieves a 9.82% return, which is significantly higher than SILJ's 6.61% return. Over the past 10 years, ASM has outperformed SILJ with an annualized return of 16.51%, while SILJ has yielded a comparatively lower 10.08% annualized return.

ASM

• 1D: -8.09%
• 1M: 7.57%
• YTD: 9.82%
• 6M: 22.00%
• 1Y: 97.68%
• 3Y*: 111.58%
• 5Y*: 39.52%
• 10Y*: 16.51%

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)

ASM vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASM Avino Silver & Gold Mines Ltd.	9.82%	604.88%	68.13%	-22.95%	-21.01%	-33.77%	124.14%	-4.92%	-54.48%	-2.19%
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%

Correlation

The correlation between ASM and SILJ is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.61

The correlation between ASM and SILJ shifts across timeframes, from 0.61 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ASM vs. SILJ — Risk / Return Rank

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

ASM

ASM Risk / Return Rank: 73
ASM Sharpe Ratio Rank: 76
ASM Sortino Ratio Rank: 72
ASM Omega Ratio Rank: 71
ASM Calmar Ratio Rank: 73
ASM Martin Ratio Rank: 72

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.

ASM vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avino Silver & Gold Mines Ltd. (ASM) 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.

	ASM	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.05	-0.82
Sortino ratio: Return per unit of downside risk	1.90	2.35	-0.45
Omega ratio: Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	1.87	3.24	-1.37
Martin ratio: Return relative to average drawdown	4.20	7.99	-3.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASM vs. SILJ - Sharpe Ratio Comparison

The current ASM Sharpe Ratio is 1.23, which is lower than the SILJ Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of ASM 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

	ASM	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	2.05	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.30	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.22	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.09	+0.01

Drawdowns

ASM vs. SILJ - Drawdown Comparison

The maximum ASM drawdown since its inception was -94.10%, which is greater than SILJ's maximum drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for ASM and SILJ.

Drawdown Indicators

	ASM	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-94.10%	-79.04%	-15.06%
Max Drawdown (1Y) Largest decline over 1 year	-52.40%	-34.71%	-17.69%
Max Drawdown (3Y) Largest decline over 3 years	-52.40%	-34.71%	-17.69%
Max Drawdown (5Y) Largest decline over 5 years	-68.51%	-55.47%	-13.04%
Max Drawdown (10Y) Largest decline over 10 years	-90.91%	-70.06%	-20.85%
Current Drawdown Current decline from peak	-39.32%	-26.80%	-12.52%
Average Drawdown Average peak-to-trough decline	-63.79%	-41.43%	-22.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.32%	14.06%	+9.26%

Volatility

ASM vs. SILJ - Volatility Comparison

Avino Silver & Gold Mines Ltd. (ASM) has a higher volatility of 22.92% compared to Amplify Junior Silver Miners ETF (SILJ) at 18.69%. This indicates that ASM's price experiences larger fluctuations and is considered to be riskier than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASM	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.92%	18.69%	+4.23%
Volatility (6M) Calculated over the trailing 6-month period	62.55%	45.24%	+17.31%
Volatility (1Y) Calculated over the trailing 1-year period	79.93%	54.90%	+25.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.51%	44.35%	+21.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.87%	46.24%	+23.63%

Dividends

ASM vs. SILJ - Dividend Comparison

ASM has not paid dividends to shareholders, while SILJ's dividend yield for the trailing twelve months is around 1.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASM Avino Silver & Gold Mines Ltd.	0.00%	0.00%	0.00%	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 ASM and SILJ in my portfolio?

ASM and SILJ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASM or SILJ?

ASM has higher volatility (22.92%) compared to SILJ (18.69%). In terms of maximum drawdown, ASM dropped -94.10% vs SILJ's -79.04%.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (2.05 vs 1.23), 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.