GDXJ vs. SILJ
Compare and contrast key facts about VanEck Vectors Junior Gold Miners ETF (GDXJ) and ETFMG Prime Junior Silver Miners ETF (SILJ).
GDXJ and SILJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009. SILJ is a passively managed fund by ETFMG that tracks the performance of the Prime Junior Silver Miners & Explorers Index. It was launched on Nov 28, 2012. Both GDXJ and SILJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDXJ or SILJ.
Key characteristics
| GDXJ | SILJ | |
|---|---|---|
| YTD Return | 21.26% | 19.80% |
| 1Y Return | 28.67% | 25.32% |
| 3Y Return (Ann) | 3.24% | -3.73% |
| 5Y Return (Ann) | 3.35% | 2.65% |
| 10Y Return (Ann) | 2.62% | 0.11% |
| Sharpe Ratio | 0.78 | 0.63 |
| Daily Std Dev | 34.91% | 37.84% |
| Max Drawdown | -88.66% | -79.04% |
| Current Drawdown | -66.02% | -38.26% |
Correlation
The correlation between GDXJ and SILJ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GDXJ vs. SILJ - Performance Comparison
In the year-to-date period, GDXJ achieves a 21.26% return, which is significantly higher than SILJ's 19.80% return. Over the past 10 years, GDXJ has outperformed SILJ with an annualized return of 2.62%, while SILJ has yielded a comparatively lower 0.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GDXJ vs. SILJ - Expense Ratio Comparison
GDXJ has a 0.54% expense ratio, which is lower than SILJ's 0.69% expense ratio.
Risk-Adjusted Performance
GDXJ vs. SILJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Junior Gold Miners ETF (GDXJ) and ETFMG Prime 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.
Dividends
GDXJ vs. SILJ - Dividend Comparison
GDXJ's dividend yield for the trailing twelve months is around 0.60%, more than SILJ's 0.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Vectors Junior Gold Miners ETF | 0.60% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% | 0.00% |
SILJ ETFMG Prime Junior Silver Miners ETF | 0.01% | 0.01% | 0.05% | 0.36% | 1.23% | 1.45% | 1.66% | 0.00% | 0.52% | 2.46% | 0.00% | 0.10% |
Drawdowns
GDXJ vs. SILJ - Drawdown Comparison
The maximum GDXJ drawdown since its inception was -88.66%, which is greater than SILJ's maximum drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for GDXJ and SILJ. For additional features, visit the drawdowns tool.
Volatility
GDXJ vs. SILJ - Volatility Comparison
The current volatility for VanEck Vectors Junior Gold Miners ETF (GDXJ) is 9.90%, while ETFMG Prime Junior Silver Miners ETF (SILJ) has a volatility of 11.30%. This indicates that GDXJ 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.