IGLD vs. SILJ
IGLD (FT Cboe Vest Gold Strategy Target Income ETF) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - IGLD is a Precious Metals fund actively managed by First Trust, while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. IGLD is actively managed, while SILJ is passively managed. Over the past 5 years, IGLD returned 13.02%/yr vs 13.13%/yr for SILJ. A 0.67 correlation means they provide meaningful diversification when combined. IGLD charges 0.85%/yr vs 0.69%/yr for SILJ.
Performance
IGLD vs. SILJ - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a 1.69% return, which is significantly lower than SILJ's 6.61% return.
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 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%
IGLD vs. SILJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
SILJ Amplify Junior Silver Miners ETF | 6.61% | 183.89% | 6.39% | -5.21% | -15.42% | -15.66% |
Correlation
The correlation between IGLD and SILJ is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.67 |
The correlation between IGLD and SILJ has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.
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Return for Risk
IGLD vs. SILJ — Risk / Return Rank
IGLD
SILJ
IGLD vs. SILJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) 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.
| IGLD | SILJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 3.24 | -1.84 |
| Martin ratioReturn relative to average drawdown | 3.82 | 7.99 | -4.17 |
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
| IGLD | SILJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 2.05 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.30 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.09 | +0.85 |
Drawdowns
IGLD vs. SILJ - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.59%, smaller than the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for IGLD and SILJ.
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Drawdown Indicators
| IGLD | SILJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -79.04% | +60.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.56% | -34.71% | +17.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -34.71% | +17.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -55.47% | +36.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.06% | — |
Current DrawdownCurrent decline from peak | -15.16% | -26.80% | +11.64% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -41.43% | +36.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 14.06% | -7.63% |
Volatility
IGLD vs. SILJ - Volatility Comparison
The current volatility for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) is 5.12%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 18.69%. This indicates that IGLD 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
| IGLD | SILJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 18.69% | -13.57% |
Volatility (6M)Calculated over the trailing 6-month period | 21.01% | 45.24% | -24.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 54.90% | -31.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 44.35% | -29.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 46.24% | -31.24% |
IGLD vs. SILJ - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than SILJ's 0.69% expense ratio.
Dividends
IGLD vs. SILJ - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 17.92%, more than SILJ's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 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
IGLD and SILJ have a correlation of 0.69, 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 IGLD (5.12%). In terms of maximum drawdown, IGLD dropped -18.59% vs SILJ's -79.04%.
On 5-year performance, SILJ leads with 13.13% vs 13.02% for IGLD. On fees, SILJ is cheaper at 0.69% per year. On volatility, IGLD has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SILJ has performed better with a 13.13% return vs 13.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SILJ is cheaper with a 0.69% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 1.88% for SILJ.
IGLD is categorized as Precious Metals, while SILJ is Silver. They also come from different issuers: First Trust and Amplify. Their fees differ too: 0.85% for IGLD and 0.69% for SILJ.
SILJ currently has the higher Sharpe Ratio (2.05 vs 1.06), 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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