BITO vs. SILJ

Last updated Jun 9, 2026

BITO (ProShares Bitcoin Strategy ETF) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - BITO is a Cryptocurrency fund actively managed by ProShares, while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. BITO is actively managed, while SILJ is passively managed. Over the past 3 years, BITO returned 25.35%/yr vs 43.26%/yr for SILJ. At a 0.22 correlation, their price movements are largely independent. BITO charges 0.95%/yr vs 0.69%/yr for SILJ.

Performance

BITO vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Bitcoin Strategy ETF (BITO) 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, BITO achieves a -28.69% return, which is significantly lower than SILJ's -4.81% return.

BITO

• 1D: 4.87%
• 1M: -21.24%
• YTD: -28.69%
• 6M: -31.34%
• 1Y: -41.80%
• 3Y*: 25.35%
• 5Y*: —
• 10Y*: —

SILJ

• 1D: -0.08%
• 1M: -17.04%
• YTD: -4.81%
• 6M: 7.21%
• 1Y: 79.14%
• 3Y*: 43.26%
• 5Y*: 11.05%
• 10Y*: 8.17%

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

BITO vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITO ProShares Bitcoin Strategy ETF	-28.69%	-11.19%	104.45%	137.33%	-63.91%	-31.09%
SILJ Amplify Junior Silver Miners ETF	-4.81%	183.89%	6.39%	-5.21%	-15.42%	-4.17%

Correlation

The correlation between BITO and SILJ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.22

BITO vs. SILJ - Sectors Allocation Comparison

Sectors	BITO	SILJ
Financial Services	64.9%	0.3%
Basic Materials	-	99.8%
Communication Services	-	0.0%
Consumer Cyclical	-	-
Consumer Defensive	-	0.2%
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BITO vs. SILJ — Risk / Return Rank

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

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

SILJ

SILJ Risk / Return Rank: 43
SILJ Sharpe Ratio Rank: 45
SILJ Sortino Ratio Rank: 39
SILJ Omega Ratio Rank: 44
SILJ Calmar Ratio Rank: 51
SILJ Martin Ratio Rank: 38

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.

BITO vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) 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.

	BITO	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	1.43	-2.38
Sortino ratio: Return per unit of downside risk	-1.37	1.86	-3.22
Omega ratio: Gain probability vs. loss probability	0.85	1.26	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.79	2.29	-3.08
Martin ratio: Return relative to average drawdown	-1.41	5.48	-6.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITO vs. SILJ - Sharpe Ratio Comparison

The current BITO Sharpe Ratio is -0.95, which is lower than the SILJ Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of BITO 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

	BITO	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	1.43	-2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.07	-0.17

Drawdowns

BITO vs. SILJ - Drawdown Comparison

The maximum BITO drawdown since its inception was -77.86%, roughly equal to the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for BITO and SILJ.

Drawdown Indicators

	BITO	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-77.86%	-79.04%	+1.18%
Max Drawdown (1Y) Largest decline over 1 year	-53.10%	-34.71%	-18.39%
Max Drawdown (3Y) Largest decline over 3 years	-53.10%	-34.71%	-18.39%
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	-50.82%	-34.64%	-16.18%
Average Drawdown Average peak-to-trough decline	-36.77%	-41.42%	+4.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.63%	14.49%	+15.14%

Volatility

BITO vs. SILJ - Volatility Comparison

The current volatility for ProShares Bitcoin Strategy ETF (BITO) is 11.55%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 20.06%. This indicates that BITO 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

	BITO	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	20.06%	-8.51%
Volatility (6M) Calculated over the trailing 6-month period	34.35%	46.73%	-12.38%
Volatility (1Y) Calculated over the trailing 1-year period	44.07%	55.89%	-11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.15%	44.60%	+10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.15%	46.33%	+8.82%

BITO vs. SILJ - Expense Ratio Comparison

BITO has a 0.95% expense ratio, which is higher than SILJ's 0.69% expense ratio.

Dividends

BITO vs. SILJ - Dividend Comparison

BITO's dividend yield for the trailing twelve months is around 69.83%, more than SILJ's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITO ProShares Bitcoin Strategy ETF	69.83%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SILJ Amplify Junior Silver Miners ETF	2.10%	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 BITO and SILJ in my portfolio?

BITO and SILJ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITO or SILJ?

SILJ has higher volatility (20.06%) compared to BITO (11.55%). In terms of maximum drawdown, BITO dropped -77.86% vs SILJ's -79.04%.

Which ETF is better, BITO or SILJ?

On 3-year performance, SILJ leads with 43.26% vs 25.35% for BITO. On fees, SILJ is cheaper at 0.69% per year. On volatility, BITO has been the lower-risk option at 11.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITO or SILJ?

Over the 3-year period, SILJ has performed better with a 43.26% return vs 25.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITO or SILJ?

SILJ is cheaper with a 0.69% expense ratio, compared with 0.95% for BITO.

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

BITO has the higher dividend yield at 69.83%, compared with 2.10% for SILJ.

What is the main difference between BITO and SILJ?

BITO is categorized as Cryptocurrency, while SILJ is Silver. They also come from different issuers: ProShares and Amplify. Their fees differ too: 0.95% for BITO and 0.69% for SILJ.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (1.43 vs -0.95), 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.