EQX vs. SILJ

Last updated Jun 4, 2026

EQX (Equinox Gold Corp.) is a stock, while SILJ (Amplify Junior Silver Miners ETF) is Silver fund tracking the Nasdaq Junior Silver Miners Index. Over the past 5 years, EQX returned 4.72%/yr vs 13.13%/yr for SILJ. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

EQX vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equinox Gold Corp. (EQX) 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, EQX achieves a -19.91% return, which is significantly lower than SILJ's 6.61% return.

EQX

• 1D: -7.35%
• 1M: -18.95%
• YTD: -19.91%
• 6M: -18.40%
• 1Y: 62.96%
• 3Y*: 32.99%
• 5Y*: 4.72%
• 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)

EQX vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EQX Equinox Gold Corp.	-19.91%	179.68%	2.66%	49.09%	-51.48%	-34.62%	34.29%	106.43%	-12.75%
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-17.65%

Correlation

The correlation between EQX and SILJ is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 6, 2018	0.74

The correlation between EQX and SILJ has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

Return for Risk

EQX vs. SILJ — Risk / Return Rank

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

EQX

EQX Risk / Return Rank: 69
EQX Sharpe Ratio Rank: 72
EQX Sortino Ratio Rank: 68
EQX Omega Ratio Rank: 67
EQX Calmar Ratio Rank: 69
EQX Martin Ratio Rank: 71

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.

EQX vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX) 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.

	EQX	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.05	-1.00
Sortino ratio: Return per unit of downside risk	1.65	2.35	-0.70
Omega ratio: Gain probability vs. loss probability	1.21	1.32	-0.12
Calmar ratio: Return relative to maximum drawdown	1.58	3.24	-1.66
Martin ratio: Return relative to average drawdown	4.11	7.99	-3.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQX vs. SILJ - Sharpe Ratio Comparison

The current EQX Sharpe Ratio is 1.05, which is lower than the SILJ Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of EQX 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

	EQX	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	2.05	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.30	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.09	+0.15

Drawdowns

EQX vs. SILJ - Drawdown Comparison

The maximum EQX drawdown since its inception was -81.06%, roughly equal to the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for EQX and SILJ.

Drawdown Indicators

	EQX	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-81.06%	-79.04%	-2.02%
Max Drawdown (1Y) Largest decline over 1 year	-40.06%	-34.71%	-5.35%
Max Drawdown (3Y) Largest decline over 3 years	-40.06%	-34.71%	-5.35%
Max Drawdown (5Y) Largest decline over 5 years	-72.17%	-55.47%	-16.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-70.06%	—
Current Drawdown Current decline from peak	-40.06%	-26.80%	-13.26%
Average Drawdown Average peak-to-trough decline	-38.12%	-41.43%	+3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.35%	14.06%	+1.29%

Volatility

EQX vs. SILJ - Volatility Comparison

Equinox Gold Corp. (EQX) and Amplify Junior Silver Miners ETF (SILJ) have volatilities of 19.46% and 18.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQX	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.46%	18.69%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	47.31%	45.24%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	60.00%	54.90%	+5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.44%	44.35%	+13.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.41%	46.24%	+9.17%

Dividends

EQX vs. SILJ - Dividend Comparison

EQX's dividend yield for the trailing twelve months is around 0.27%, less than SILJ's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQX Equinox Gold Corp.	0.27%	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 EQX and SILJ in my portfolio?

EQX and SILJ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQX or SILJ?

EQX has higher volatility (19.46%) compared to SILJ (18.69%). In terms of maximum drawdown, EQX dropped -81.06% vs SILJ's -79.04%.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (2.05 vs 1.05), 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.