PALL vs. SILJ

Last updated Jun 4, 2026

PALL (Aberdeen Standard Physical Palladium Shares ETF) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt), while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 10 years, PALL returned 8.36%/yr vs 10.08%/yr for SILJ. At a 0.40 correlation, their price movements are largely independent. PALL charges 0.60%/yr vs 0.69%/yr for SILJ.

Performance

PALL vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Palladium Shares ETF (PALL) 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, PALL achieves a -18.39% return, which is significantly lower than SILJ's 6.61% return. Over the past 10 years, PALL has underperformed SILJ with an annualized return of 8.36%, while SILJ has yielded a comparatively higher 10.08% annualized return.

PALL

• 1D: -4.89%
• 1M: -11.74%
• YTD: -18.39%
• 6M: -11.90%
• 1Y: 28.17%
• 3Y*: -3.26%
• 5Y*: -14.89%
• 10Y*: 8.36%

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%

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

PALL vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PALL Aberdeen Standard Physical Palladium Shares ETF	-18.39%	74.07%	-17.38%	-38.77%	-6.28%	-23.26%	25.27%	53.94%	17.23%	55.73%
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%

Correlation

The correlation between PALL and SILJ is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.40

The correlation between PALL and SILJ shifts across timeframes, from 0.40 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PALL vs. SILJ — Risk / Return Rank

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

PALL

PALL Risk / Return Rank: 19
PALL Sharpe Ratio Rank: 17
PALL Sortino Ratio Rank: 19
PALL Omega Ratio Rank: 21
PALL Calmar Ratio Rank: 19
PALL Martin Ratio Rank: 17

SILJ

SILJ Risk / Return Rank: 54
SILJ Sharpe Ratio Rank: 59
SILJ Sortino Ratio Rank: 46
SILJ Omega Ratio Rank: 51
SILJ Calmar Ratio Rank: 64
SILJ Martin Ratio Rank: 47

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.

PALL vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) 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.

	PALL	SILJ	Difference
Sharpe ratio Return per unit of total volatility	0.56	2.05	-1.49
Sortino ratio Return per unit of downside risk	1.04	2.35	-1.31
Omega ratio Gain probability vs. loss probability	1.14	1.32	-0.18
Calmar ratio Return relative to maximum drawdown	0.78	3.24	-2.46
Martin ratio Return relative to average drawdown	1.74	7.99	-6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PALL vs. SILJ - Sharpe Ratio Comparison

The current PALL Sharpe Ratio is 0.56, which is lower than the SILJ Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of PALL 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.

Sharpe Ratios by Period

	PALL	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	2.05	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	0.30	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.22	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.09	+0.09

Drawdowns

PALL vs. SILJ - Drawdown Comparison

The maximum PALL drawdown since its inception was -73.63%, smaller than the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for PALL and SILJ.

Drawdown Indicators

	PALL	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-73.63%	-79.04%	+5.41%
Max Drawdown (1Y) Largest decline over 1 year	-36.18%	-34.71%	-1.47%
Max Drawdown (3Y) Largest decline over 3 years	-40.47%	-34.71%	-5.76%
Max Drawdown (5Y) Largest decline over 5 years	-73.63%	-55.47%	-18.16%
Max Drawdown (10Y) Largest decline over 10 years	-73.63%	-70.06%	-3.57%
Current Drawdown Current decline from peak	-59.78%	-26.80%	-32.98%
Average Drawdown Average peak-to-trough decline	-26.81%	-41.43%	+14.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.25%	14.06%	+2.19%

Volatility

PALL vs. SILJ - Volatility Comparison

The current volatility for Aberdeen Standard Physical Palladium Shares ETF (PALL) is 10.54%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 18.69%. This indicates that PALL 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.

Volatility by Period

	PALL	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.54%	18.69%	-8.15%
Volatility (6M) Calculated over the trailing 6-month period	41.87%	45.24%	-3.37%
Volatility (1Y) Calculated over the trailing 1-year period	50.24%	54.90%	-4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.46%	44.35%	-1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.91%	46.24%	-8.33%

PALL vs. SILJ - Expense Ratio Comparison

PALL has a 0.60% expense ratio, which is lower than SILJ's 0.69% expense ratio.

Dividends

PALL vs. SILJ - Dividend Comparison

PALL 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
PALL Aberdeen Standard Physical Palladium Shares 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

Can I hold both PALL and SILJ in my portfolio?

PALL and SILJ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PALL or SILJ?

SILJ has higher volatility (18.69%) compared to PALL (10.54%). In terms of maximum drawdown, PALL dropped -73.63% vs SILJ's -79.04%.

Which ETF is better, PALL or SILJ?

On 10-year performance, SILJ leads with 10.08% vs 8.36% for PALL. On fees, PALL is cheaper at 0.60% per year. On volatility, PALL has been the lower-risk option at 10.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PALL or SILJ?

Over the 10-year period, SILJ has performed better with a 10.08% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PALL or SILJ?

PALL is cheaper with a 0.60% expense ratio, compared with 0.69% for SILJ.

Which ETF pays a higher dividend yield, PALL or SILJ?

SILJ has the higher dividend yield at 1.88%, compared with 0.00% for PALL.

What is the main difference between PALL and SILJ?

PALL is categorized as Precious Metals, while SILJ is Silver. PALL tracks Palladium London PM Fix ($/ozt), while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: Aberdeen and Amplify. Their fees differ too: 0.60% for PALL and 0.69% for SILJ.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (2.05 vs 0.56), 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.