MMA.AX vs. SLJY

Last updated Jul 21, 2026

MMA.AX (Maronan Metals Limited) is a stock, while SLJY (Amplify SILJ Covered Call ETF) is Derivative Income fund actively managed by Amplify. At a 0.16 correlation, their price movements are largely independent.

Performance

MMA.AX vs. SLJY - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Maronan Metals Limited (MMA.AX) and Amplify SILJ Covered Call ETF (SLJY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MMA.AX is traded in AUD, while SLJY is traded in USD. To make them comparable, the SLJY values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MMA.AX achieves a -5.95% return, which is significantly higher than SLJY's -15.12% return.

MMA.AX

• 1D: 0.00%
• 1M: -22.55%
• 6M: -35.25%
• YTD: -5.95%
• 1Y: 68.09%
• 3Y*: 19.75%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.72%

SLJY

• 1D: -0.57%
• 1M: -11.25%
• 6M: -27.44%
• YTD: -15.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

MMA.AX vs. SLJY - Yearly Performance Comparison

	2026 (YTD)	2025
MMA.AX Maronan Metals Limited	-5.95%	75.00%
SLJY Amplify SILJ Covered Call ETF	-15.12%	37.46%

Correlation

The correlation between MMA.AX and SLJY is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.16

Return for Risk

MMA.AX vs. SLJY — Risk / Return Rank

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

MMA.AX

MMA.AX Risk / Return Rank: 70
MMA.AX Sharpe Ratio Rank: 70
MMA.AX Sortino Ratio Rank: 74
MMA.AX Omega Ratio Rank: 69
MMA.AX Calmar Ratio Rank: 71
MMA.AX Martin Ratio Rank: 66

SLJY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MMA.AX vs. SLJY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Maronan Metals Limited (MMA.AX) and Amplify SILJ Covered Call ETF (SLJY). 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.

	MMA.AX	SLJY	Difference
Sharpe ratio: Return per unit of total volatility	0.75	—	—
Sortino ratio: Return per unit of downside risk	1.64	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.22	—	—
Martin ratio: Return relative to average drawdown	2.17	—	—

Drawdowns

MMA.AX vs. SLJY - Drawdown Comparison

The maximum MMA.AX drawdown since its inception was -55.64%, which is greater than SLJY's maximum drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for MMA.AX and SLJY.

Drawdown Indicators

	MMA.AX	SLJY	Difference
Max Drawdown Largest peak-to-trough decline	-55.64%	-34.16%	-21.48%
Max Drawdown (1Y) Largest decline over 1 year	-55.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-55.64%	—	—
Current Drawdown Current decline from peak	-40.60%	-34.16%	-6.44%
Average Drawdown Average peak-to-trough decline	-33.82%	-12.19%	-21.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.66%	—	—

Volatility

Volatility by Period

	MMA.AX	SLJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	66.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	90.85%	45.39%	+45.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.01%	45.39%	+30.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.01%	45.39%	+30.62%

Dividends

MMA.AX vs. SLJY - Dividend Comparison

MMA.AX has not paid dividends to shareholders, while SLJY's dividend yield for the trailing twelve months is around 22.85%.

Position	TTM	2025
MMA.AX Maronan Metals Limited	0.00%	0.00%
SLJY Amplify SILJ Covered Call ETF	22.85%	6.26%

Frequently Asked Questions

Can I hold both MMA.AX and SLJY in my portfolio?

MMA.AX and SLJY have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.