GLDG vs. SILJ

Last updated Jun 23, 2026

GLDG (GoldMining Inc) 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, GLDG returned -5.30%/yr vs 8.85%/yr for SILJ. At a 0.48 correlation, their price movements are largely independent.

Performance

GLDG vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GoldMining Inc (GLDG) 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, GLDG achieves a -26.25% return, which is significantly lower than SILJ's -0.18% return. Over the past 10 years, GLDG has underperformed SILJ with an annualized return of -5.30%, while SILJ has yielded a comparatively higher 8.85% annualized return.

GLDG

• 1D: -3.27%
• 1M: -15.42%
• YTD: -26.25%
• 6M: -31.20%
• 1Y: 28.38%
• 3Y*: 1.69%
• 5Y*: -8.66%
• 10Y*: -5.30%

SILJ

• 1D: -1.07%
• 1M: -4.20%
• YTD: -0.18%
• 6M: -4.71%
• 1Y: 93.13%
• 3Y*: 48.54%
• 5Y*: 14.51%
• 10Y*: 8.85%

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

GLDG vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLDG GoldMining Inc	-26.25%	55.28%	-17.37%	-13.79%	-5.83%	-44.95%	113.73%	78.95%	-45.19%	-32.47%
SILJ Amplify Junior Silver Miners ETF	-0.18%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%

Correlation

The correlation between GLDG and SILJ is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.48

Over the past year, GLDG and SILJ have become more correlated (0.74) than their long-term average of 0.48, meaning their price movements have been converging.

Return for Risk

GLDG vs. SILJ — Risk / Return Rank

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

GLDG

GLDG Risk / Return Rank: 55
GLDG Sharpe Ratio Rank: 56
GLDG Sortino Ratio Rank: 56
GLDG Omega Ratio Rank: 56
GLDG Calmar Ratio Rank: 54
GLDG Martin Ratio Rank: 53

SILJ

SILJ Risk / Return Rank: 44
SILJ Sharpe Ratio Rank: 49
SILJ Sortino Ratio Rank: 41
SILJ Omega Ratio Rank: 44
SILJ Calmar Ratio Rank: 50
SILJ Martin Ratio Rank: 39

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.

GLDG vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc (GLDG) 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.

	GLDG	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	0.41	1.64	-1.23
Sortino ratio: Return per unit of downside risk	1.02	2.04	-1.01
Omega ratio: Gain probability vs. loss probability	1.13	1.28	-0.14
Calmar ratio: Return relative to maximum drawdown	0.47	2.39	-1.92
Martin ratio: Return relative to average drawdown	1.00	5.95	-4.95

GLDG vs. SILJ - Sharpe Ratio Comparison

The current GLDG Sharpe Ratio is 0.41, which is lower than the SILJ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of GLDG 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.

Drawdowns

GLDG vs. SILJ - Drawdown Comparison

The maximum GLDG drawdown since its inception was -81.97%, roughly equal to the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for GLDG and SILJ.

Drawdown Indicators

	GLDG	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-81.97%	-79.04%	-2.93%
Max Drawdown (1Y) Largest decline over 1 year	-60.07%	-39.16%	-20.91%
Max Drawdown (3Y) Largest decline over 3 years	-60.07%	-39.16%	-20.91%
Max Drawdown (5Y) Largest decline over 5 years	-62.98%	-48.84%	-14.14%
Max Drawdown (10Y) Largest decline over 10 years	-77.95%	-70.06%	-7.89%
Current Drawdown Current decline from peak	-68.21%	-31.46%	-36.75%
Average Drawdown Average peak-to-trough decline	-52.12%	-41.39%	-10.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.33%	15.71%	+12.62%

Volatility

GLDG vs. SILJ - Volatility Comparison

GoldMining Inc (GLDG) has a higher volatility of 23.50% compared to Amplify Junior Silver Miners ETF (SILJ) at 19.73%. This indicates that GLDG's price experiences larger fluctuations and is considered to be riskier than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDG	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.50%	19.73%	+3.77%
Volatility (6M) Calculated over the trailing 6-month period	53.95%	47.74%	+6.21%
Volatility (1Y) Calculated over the trailing 1-year period	69.67%	57.22%	+12.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.81%	44.85%	+12.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.51%	46.47%	+12.04%

Dividends

GLDG vs. SILJ - Dividend Comparison

GLDG has not paid dividends to shareholders, while SILJ's dividend yield for the trailing twelve months is around 2.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLDG GoldMining Inc	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	2.01%	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 GLDG and SILJ in my portfolio?

GLDG and SILJ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLDG or SILJ?

GLDG has higher volatility (23.50%) compared to SILJ (19.73%). In terms of maximum drawdown, GLDG dropped -81.97% vs SILJ's -79.04%.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (1.64 vs 0.41), 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.