BSM vs. SILJ
BSM (Black Stone Minerals, L.P.) 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, BSM returned 8.22%/yr vs 4.60%/yr for SILJ. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
BSM vs. SILJ - Performance Comparison
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Returns By Period
In the year-to-date period, BSM achieves a 18.17% return, which is significantly higher than SILJ's -10.26% return. Over the past 10 years, BSM has outperformed SILJ with an annualized return of 8.22%, while SILJ has yielded a comparatively lower 4.60% annualized return.
BSM
- 1D
- 0.67%
- 1M
- 9.14%
- 6M
- 8.08%
- YTD
- 18.17%
- 1Y
- 31.00%
- 3Y*
- 4.75%
- 5Y*
- 19.10%
- 10Y*
- 8.22%
- ALL TIME*
- 6.66%
SILJ
- 1D
- 3.07%
- 1M
- -7.11%
- 6M
- -21.22%
- YTD
- -10.26%
- 1Y
- 73.98%
- 3Y*
- 41.19%
- 5Y*
- 14.07%
- 10Y*
- 4.60%
- ALL TIME*
- 2.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.05M | $4.50M | $4.94M | |
| $82.35M | $79.38M | $126.76M |
BSM vs. SILJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSM Black Stone Minerals, L.P. | 18.17% | 0.56% | 1.47% | 5.85% | 80.82% | 67.42% | -42.97% | -9.53% | -7.04% | 2.49% |
SILJ Amplify Junior Silver Miners ETF | -10.26% | 183.89% | 6.39% | -5.21% | -15.42% | -23.21% | 33.00% | 57.06% | -27.95% | -5.65% |
Correlation
The correlation between BSM and SILJ is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 1, 2015 | 0.15 |
The correlation between BSM and SILJ shifts across timeframes, from -0.06 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSM vs. SILJ — Risk / Return Rank
BSM
SILJ
BSM vs. SILJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Black Stone Minerals, L.P. (BSM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSM | SILJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.81 | +0.51 |
| Martin ratioReturn relative to average drawdown | 5.54 | 3.67 | +1.87 |
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Drawdowns
BSM vs. SILJ - Drawdown Comparison
The maximum BSM drawdown since its inception was -75.58%, roughly equal to the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for BSM and SILJ.
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Drawdown Indicators
| BSM | SILJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.58% | -79.04% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -41.12% | +27.71% |
Max Drawdown (3Y)Largest decline over 3 years | -21.48% | -41.12% | +19.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.52% | -48.29% | +22.77% |
Max Drawdown (10Y)Largest decline over 10 years | -75.58% | -70.06% | -5.52% |
Current DrawdownCurrent decline from peak | -0.29% | -38.39% | +38.10% |
Average DrawdownAverage peak-to-trough decline | -16.74% | -41.36% | +24.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 20.23% | -14.62% |
Volatility
BSM vs. SILJ - Volatility Comparison
The current volatility for Black Stone Minerals, L.P. (BSM) is 6.42%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 14.87%. This indicates that BSM 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.
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Volatility by Period
| BSM | SILJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 14.87% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 44.88% | -29.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.92% | 58.60% | -37.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.20% | 45.15% | -18.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.40% | 46.37% | -14.97% |
Dividends
BSM vs. SILJ - Dividend Comparison
BSM's dividend yield for the trailing twelve months is around 7.97%, more than SILJ's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSM Black Stone Minerals, L.P. | 7.97% | 10.16% | 10.96% | 11.90% | 9.13% | 8.23% | 10.18% | 11.64% | 8.61% | 6.69% | 5.86% | 2.94% |
SILJ Amplify Junior Silver Miners ETF | 2.23% | 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
BSM and SILJ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SILJ has higher volatility (14.87%) compared to BSM (6.42%). In terms of maximum drawdown, BSM dropped -75.58% vs SILJ's -79.04%.
BSM currently has the higher Sharpe Ratio (1.49 vs 1.27), 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.
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