SGDJ vs. SLVR

Last updated Aug 4, 2026

SGDJ (Sprott Junior Gold Miners ETF) and SLVR (Sprott Silver Miners & Physical Silver ETF) are both exchange-traded funds - SGDJ is a Gold fund tracking the Solactive Junior Gold Miners Custom Factors Index, while SLVR is a Silver fund tracking the Nasdaq Sprott Silver Miners™ Index. Both are passively managed. Over the past year, SGDJ returned 70.50% vs 68.10% for SLVR. Their correlation of 0.86 means they have usually moved in the same direction. SGDJ charges 0.50%/yr vs 0.65%/yr for SLVR.

Performance

SGDJ vs. SLVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Junior Gold Miners ETF (SGDJ) and Sprott Silver Miners & Physical Silver ETF (SLVR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGDJ achieves a -9.52% return, which is significantly higher than SLVR's -12.49% return.

SGDJ

• 1D: 4.19%
• 1M: -2.98%
• 6M: -18.78%
• YTD: -9.52%
• 1Y: 70.50%
• 3Y*: 47.29%
• 5Y*: 16.55%
• 10Y*: 8.03%
• ALL TIME*: 13.43%

SLVR

• 1D: 2.33%
• 1M: -6.38%
• 6M: -22.39%
• YTD: -12.49%
• 1Y: 68.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 74.98%

*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)
SGDJ Sprott Junior Gold Miners ETF	$3.49M	$3.45M	$5.08M
SLVR Sprott Silver Miners & Physical Silver ETF	$4.41M	$4.59M	$8.63M

SGDJ vs. SLVR - Yearly Performance Comparison

	2026 (YTD)	2025
SGDJ Sprott Junior Gold Miners ETF	-9.52%	156.12%
SLVR Sprott Silver Miners & Physical Silver ETF	-12.49%	171.53%

Correlation

The correlation between SGDJ and SLVR is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.86

The correlation between SGDJ and SLVR has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

SGDJ vs. SLVR — Risk / Return Rank

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

SGDJ

SGDJ Risk / Return Rank: 48
SGDJ Sharpe Ratio Rank: 54
SGDJ Sortino Ratio Rank: 47
SGDJ Omega Ratio Rank: 51
SGDJ Calmar Ratio Rank: 51
SGDJ Martin Ratio Rank: 37

SLVR

SLVR Risk / Return Rank: 40
SLVR Sharpe Ratio Rank: 41
SLVR Sortino Ratio Rank: 41
SLVR Omega Ratio Rank: 43
SLVR Calmar Ratio Rank: 43
SLVR Martin Ratio Rank: 33

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.

SGDJ vs. SLVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Gold Miners ETF (SGDJ) and Sprott Silver Miners & Physical Silver ETF (SLVR). 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.

	SGDJ	SLVR	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.05	+0.30
Sortino ratio: Return per unit of downside risk	1.76	1.58	+0.18
Omega ratio: Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio: Return relative to maximum drawdown	1.87	1.57	+0.30
Martin ratio: Return relative to average drawdown	3.88	3.09	+0.79

SGDJ vs. SLVR - Sharpe Ratio Comparison

The current SGDJ Sharpe Ratio is 1.35, which is comparable to the SLVR Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of SGDJ and SLVR, 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

SGDJ vs. SLVR - Drawdown Comparison

The maximum SGDJ drawdown since its inception was -59.27%, which is greater than SLVR's maximum drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for SGDJ and SLVR.

Drawdown Indicators

	SGDJ	SLVR	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-43.70%	-15.57%
Max Drawdown (1Y) Largest decline over 1 year	-37.98%	-43.70%	+5.72%
Max Drawdown (3Y) Largest decline over 3 years	-37.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.20%	—	—
Current Drawdown Current decline from peak	-34.03%	-41.42%	+7.39%
Average Drawdown Average peak-to-trough decline	-26.34%	-12.38%	-13.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.22%	22.08%	-3.86%

Volatility

SGDJ vs. SLVR - Volatility Comparison

The current volatility for Sprott Junior Gold Miners ETF (SGDJ) is 13.95%, while Sprott Silver Miners & Physical Silver ETF (SLVR) has a volatility of 14.98%. This indicates that SGDJ experiences smaller price fluctuations and is considered to be less risky than SLVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGDJ	SLVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.95%	14.98%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	40.00%	48.84%	-8.84%
Volatility (1Y) Calculated over the trailing 1-year period	52.51%	65.05%	-12.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.32%	58.36%	-17.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.93%	58.36%	-17.43%

SGDJ vs. SLVR - Expense Ratio Comparison

SGDJ has a 0.50% expense ratio, which is lower than SLVR's 0.65% expense ratio.

Dividends

SGDJ vs. SLVR - Dividend Comparison

SGDJ's dividend yield for the trailing twelve months is around 9.25%, more than SLVR's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGDJ Sprott Junior Gold Miners ETF	9.25%	8.37%	6.55%	4.55%	2.46%	2.20%	1.97%	0.65%	0.00%	0.14%	1.77%	0.85%
SLVR Sprott Silver Miners & Physical Silver ETF	4.21%	3.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SGDJ and SLVR in my portfolio?

SGDJ and SLVR have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGDJ or SLVR?

SLVR has higher volatility (14.98%) compared to SGDJ (13.95%). In terms of maximum drawdown, SGDJ dropped -59.27% vs SLVR's -43.70%.

Which ETF is better, SGDJ or SLVR?

On 1-year performance, SGDJ leads with 70.50% vs 68.10% for SLVR. On fees, SGDJ is cheaper at 0.50% per year. On volatility, SGDJ has been the lower-risk option at 13.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SGDJ or SLVR?

Over the 1-year period, SGDJ has performed better with a 70.50% return vs 68.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGDJ or SLVR?

SGDJ is cheaper with a 0.50% expense ratio, compared with 0.65% for SLVR.

Which ETF pays a higher dividend yield, SGDJ or SLVR?

SGDJ has the higher dividend yield at 9.25%, compared with 4.21% for SLVR.

What is the main difference between SGDJ and SLVR?

SGDJ is categorized as Gold, while SLVR is Silver. SGDJ tracks Solactive Junior Gold Miners Custom Factors Index, while SLVR tracks Nasdaq Sprott Silver Miners™ Index. Their fees differ too: 0.50% for SGDJ and 0.65% for SLVR.

Which has better risk-adjusted returns?

SGDJ currently has the higher Sharpe Ratio (1.35 vs 1.05), 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.