PXJ vs. SILJ

Last updated Aug 2, 2026

PXJ (Invesco Dynamic Oil & Gas Services ETF) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - PXJ is a Energy Equities fund tracking the Dynamic Oil & Gas Services Intellidex Index, while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 10 years, PXJ returned 0.28%/yr vs 3.95%/yr for SILJ. Their 0.26 correlation means their historical movements had little consistent relationship. PXJ charges 0.63%/yr vs 0.69%/yr for SILJ.

Performance

PXJ vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Oil & Gas Services ETF (PXJ) 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, PXJ achieves a 46.85% return, which is significantly higher than SILJ's -12.94% return. Over the past 10 years, PXJ has underperformed SILJ with an annualized return of 0.28%, while SILJ has yielded a comparatively higher 3.95% annualized return.

PXJ

• 1D: 2.51%
• 1M: 10.36%
• 6M: 21.41%
• YTD: 46.85%
• 1Y: 78.26%
• 3Y*: 16.40%
• 5Y*: 23.04%
• 10Y*: 0.28%
• ALL TIME*: -1.70%

SILJ

• 1D: -3.45%
• 1M: -9.88%
• 6M: -24.25%
• YTD: -12.94%
• 1Y: 68.80%
• 3Y*: 38.59%
• 5Y*: 12.94%
• 10Y*: 3.95%
• ALL TIME*: 2.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PXJ Invesco Dynamic Oil & Gas Services ETF	$722.42K	$1.28M	$1.87M
SILJ Amplify Junior Silver Miners ETF	$79.44M	$79.47M	$126.28M

PXJ vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXJ Invesco Dynamic Oil & Gas Services ETF	46.85%	8.74%	0.21%	14.44%	62.25%	11.28%	-44.31%	-0.32%	-39.82%	-23.08%
SILJ Amplify Junior Silver Miners ETF	-12.94%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%

Correlation

The correlation between PXJ and SILJ is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (10Y) Provides a long-term view across more market conditions.	0.26
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.26

The correlation between PXJ and SILJ shifts across timeframes, from 0.19 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

PXJ vs. SILJ - Sectors Allocation Comparison

Sectors	PXJ	SILJ
Energy	74.8%	-
Industrials	14.7%	-
Utilities	2.1%	-
Financial Services	0.2%	0.3%
Basic Materials	-	99.8%
Communication Services	-	0.0%
Consumer Cyclical	-	-
Consumer Defensive	-	0.2%
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

PXJ vs. SILJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PXJ

PXJ Risk / Return Rank: 92
PXJ Sharpe Ratio Rank: 95
PXJ Sortino Ratio Rank: 93
PXJ Omega Ratio Rank: 91
PXJ Calmar Ratio Rank: 91
PXJ Martin Ratio Rank: 88

SILJ

SILJ Risk / Return Rank: 45
SILJ Sharpe Ratio Rank: 49
SILJ Sortino Ratio Rank: 47
SILJ Omega Ratio Rank: 49
SILJ Calmar Ratio Rank: 48
SILJ Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PXJ vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) 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.

	PXJ	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	2.81	1.19	+1.62
Sortino ratio: Return per unit of downside risk	3.52	1.68	+1.84
Omega ratio: Gain probability vs. loss probability	1.44	1.22	+0.22
Calmar ratio: Return relative to maximum drawdown	3.99	1.69	+2.31
Martin ratio: Return relative to average drawdown	13.19	3.45	+9.74

PXJ vs. SILJ - Sharpe Ratio Comparison

The current PXJ Sharpe Ratio is 2.81, which is higher than the SILJ Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of PXJ 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

PXJ vs. SILJ - Drawdown Comparison

The maximum PXJ drawdown since its inception was -94.82%, which is greater than SILJ's maximum drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for PXJ and SILJ.

Drawdown Indicators

	PXJ	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-94.82%	-79.04%	-15.78%
Max Drawdown (1Y) Largest decline over 1 year	-18.39%	-41.12%	+22.73%
Max Drawdown (3Y) Largest decline over 3 years	-40.03%	-41.12%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	-48.29%	+8.26%
Max Drawdown (10Y) Largest decline over 10 years	-87.72%	-70.06%	-17.66%
Current Drawdown Current decline from peak	-66.44%	-40.22%	-26.22%
Average Drawdown Average peak-to-trough decline	-55.75%	-41.36%	-14.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	20.08%	-14.52%

Volatility

PXJ vs. SILJ - Volatility Comparison

The current volatility for Invesco Dynamic Oil & Gas Services ETF (PXJ) is 7.30%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 14.89%. This indicates that PXJ 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

	PXJ	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	14.89%	-7.59%
Volatility (6M) Calculated over the trailing 6-month period	19.19%	47.55%	-28.36%
Volatility (1Y) Calculated over the trailing 1-year period	26.25%	58.44%	-32.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.14%	45.12%	-10.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.16%	46.34%	-7.18%

PXJ vs. SILJ - Expense Ratio Comparison

PXJ has a 0.63% expense ratio, which is lower than SILJ's 0.69% expense ratio.

Dividends

PXJ vs. SILJ - Dividend Comparison

PXJ's dividend yield for the trailing twelve months is around 2.38%, more than SILJ's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXJ Invesco Dynamic Oil & Gas Services ETF	2.38%	2.91%	3.34%	1.99%	0.65%	2.40%	4.72%	1.87%	0.99%	2.75%	1.18%	2.36%
SILJ Amplify Junior Silver Miners ETF	2.30%	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 PXJ and SILJ in my portfolio?

PXJ and SILJ have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXJ or SILJ?

SILJ has higher volatility (14.89%) compared to PXJ (7.30%). In terms of maximum drawdown, PXJ dropped -94.82% vs SILJ's -79.04%.

Which ETF is better, PXJ or SILJ?

On 10-year performance, SILJ leads with 3.95% vs 0.28% for PXJ. On fees, PXJ is cheaper at 0.63% per year. On volatility, PXJ has been the lower-risk option at 7.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXJ or SILJ?

Over the 10-year period, SILJ has performed better with a 3.95% return vs 0.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXJ or SILJ?

PXJ is cheaper with a 0.63% expense ratio, compared with 0.69% for SILJ.

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

PXJ has the higher dividend yield at 2.38%, compared with 2.30% for SILJ.

What is the main difference between PXJ and SILJ?

PXJ is categorized as Energy Equities, while SILJ is Silver. PXJ tracks Dynamic Oil & Gas Services Intellidex Index, while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.63% for PXJ and 0.69% for SILJ.

Which has better risk-adjusted returns?

PXJ currently has the higher Sharpe Ratio (2.81 vs 1.19), 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.