FGDL vs. SILJ
FGDL (Franklin Responsibly Sourced Gold ETF) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - FGDL is a Precious Metals fund tracking the LBMA Gold Price PM ($/ozt), while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 3 years, FGDL returned 31.32%/yr vs 47.77%/yr for SILJ. A 0.71 correlation means they provide meaningful diversification when combined. FGDL charges 0.15%/yr vs 0.69%/yr for SILJ.
Performance
FGDL vs. SILJ - Performance Comparison
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Returns By Period
In the year-to-date period, FGDL achieves a 2.43% return, which is significantly lower than SILJ's 6.61% return.
FGDL
- 1D
- -1.09%
- 1M
- -1.94%
- YTD
- 2.43%
- 6M
- 4.89%
- 1Y
- 31.70%
- 3Y*
- 31.32%
- 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%
FGDL vs. SILJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 2.43% | 64.15% | 27.31% | 12.92% | 0.91% |
SILJ Amplify Junior Silver Miners ETF | 6.61% | 183.89% | 6.39% | -5.21% | 10.99% |
Correlation
The correlation between FGDL and SILJ is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.71 |
The correlation between FGDL and SILJ has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
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Return for Risk
FGDL vs. SILJ — Risk / Return Rank
FGDL
SILJ
FGDL vs. SILJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) 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.
| FGDL | SILJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.24 | -1.59 |
| Martin ratioReturn relative to average drawdown | 4.03 | 7.99 | -3.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGDL | SILJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.05 | -0.86 |
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 | 1.35 | 0.09 | +1.26 |
Drawdowns
FGDL vs. SILJ - Drawdown Comparison
The maximum FGDL drawdown since its inception was -19.23%, smaller than the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for FGDL and SILJ.
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Drawdown Indicators
| FGDL | SILJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -79.04% | +59.81% |
Max Drawdown (1Y)Largest decline over 1 year | -19.23% | -34.71% | +15.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -34.71% | +15.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.06% | — |
Current DrawdownCurrent decline from peak | -18.16% | -26.80% | +8.64% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -41.43% | +37.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 14.06% | -6.18% |
Volatility
FGDL vs. SILJ - Volatility Comparison
The current volatility for Franklin Responsibly Sourced Gold ETF (FGDL) is 5.61%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 18.69%. This indicates that FGDL 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
| FGDL | SILJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 18.69% | -13.08% |
Volatility (6M)Calculated over the trailing 6-month period | 23.18% | 45.24% | -22.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.78% | 54.90% | -28.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.03% | 44.35% | -25.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 46.24% | -27.21% |
FGDL vs. SILJ - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is lower than SILJ's 0.69% expense ratio.
Dividends
FGDL vs. SILJ - Dividend Comparison
FGDL 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 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
FGDL and SILJ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SILJ has higher volatility (18.69%) compared to FGDL (5.61%). In terms of maximum drawdown, FGDL dropped -19.23% vs SILJ's -79.04%.
On 3-year performance, SILJ leads with 47.77% vs 31.32% for FGDL. On fees, FGDL is cheaper at 0.15% per year. On volatility, FGDL has been the lower-risk option at 5.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SILJ has performed better with a 47.77% return vs 31.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FGDL is cheaper with a 0.15% expense ratio, compared with 0.69% for SILJ.
SILJ has the higher dividend yield at 1.88%, compared with 0.00% for FGDL.
FGDL is categorized as Precious Metals, while SILJ is Silver. FGDL tracks LBMA Gold Price PM ($/ozt), while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: Franklin Templeton and Amplify. Their fees differ too: 0.15% for FGDL and 0.69% for SILJ.
SILJ currently has the higher Sharpe Ratio (2.05 vs 1.19), 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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