SIL vs. SILJ

Last updated Jun 23, 2026

SIL (Global X Silver Miners ETF) and SILJ (Amplify Junior Silver Miners ETF) are both Silver funds - SIL tracks the Solactive Global Silver Miners Total Return Index while SILJ tracks the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 10 years, SIL returned 9.25%/yr vs 8.85%/yr for SILJ. Their correlation of 0.91 suggests significant overlap in exposure. SIL charges 0.65%/yr vs 0.69%/yr for SILJ.

Performance

SIL vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Silver Miners ETF (SIL) 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, SIL achieves a -0.54% return, which is significantly lower than SILJ's -0.18% return. Both investments have delivered pretty close results over the past 10 years, with SIL having a 9.25% annualized return and SILJ not far behind at 8.85%.

SIL

• 1D: -0.79%
• 1M: -5.72%
• YTD: -0.54%
• 6M: -4.65%
• 1Y: 76.80%
• 3Y*: 50.15%
• 5Y*: 15.21%
• 10Y*: 9.25%

SILJ

• 1D: -1.07%
• 1M: -4.20%
• YTD: -0.18%
• 6M: -4.71%
• 1Y: 93.13%
• 3Y*: 48.54%
• 5Y*: 14.51%
• 10Y*: 8.85%

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

SIL vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIL Global X Silver Miners ETF	-0.54%	166.16%	14.62%	1.31%	-22.83%	-18.35%	40.30%	34.78%	-22.42%	1.67%
SILJ Amplify Junior Silver Miners ETF	-0.18%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%

Correlation

The correlation between SIL and SILJ is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.91

The correlation between SIL and SILJ has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.

SIL vs. SILJ - Sectors Allocation Comparison

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

Return for Risk

SIL vs. SILJ — Risk / Return Rank

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

SIL

SIL Risk / Return Rank: 40
SIL Sharpe Ratio Rank: 43
SIL Sortino Ratio Rank: 37
SIL Omega Ratio Rank: 40
SIL Calmar Ratio Rank: 43
SIL Martin Ratio Rank: 36

SILJ

SILJ Risk / Return Rank: 44
SILJ Sharpe Ratio Rank: 49
SILJ Sortino Ratio Rank: 41
SILJ Omega Ratio Rank: 44
SILJ Calmar Ratio Rank: 50
SILJ Martin Ratio Rank: 39

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.

SIL vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) 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.

	SIL	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.64	-0.16
Sortino ratio: Return per unit of downside risk	1.88	2.04	-0.16
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.02
Calmar ratio: Return relative to maximum drawdown	2.08	2.39	-0.31
Martin ratio: Return relative to average drawdown	5.34	5.95	-0.61

SIL vs. SILJ - Sharpe Ratio Comparison

The current SIL Sharpe Ratio is 1.48, which is comparable to the SILJ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of SIL 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

SIL vs. SILJ - Drawdown Comparison

The maximum SIL drawdown since its inception was -82.99%, roughly equal to the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for SIL and SILJ.

Drawdown Indicators

	SIL	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-82.99%	-79.04%	-3.95%
Max Drawdown (1Y) Largest decline over 1 year	-37.08%	-39.16%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-37.08%	-39.16%	+2.08%
Max Drawdown (5Y) Largest decline over 5 years	-49.83%	-48.84%	-0.99%
Max Drawdown (10Y) Largest decline over 10 years	-63.04%	-70.06%	+7.02%
Current Drawdown Current decline from peak	-29.62%	-31.46%	+1.84%
Average Drawdown Average peak-to-trough decline	-51.38%	-41.39%	-9.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.42%	15.71%	-1.29%

Volatility

SIL vs. SILJ - Volatility Comparison

Global X Silver Miners ETF (SIL) and Amplify Junior Silver Miners ETF (SILJ) have volatilities of 18.75% and 19.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIL	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.75%	19.73%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	44.09%	47.74%	-3.65%
Volatility (1Y) Calculated over the trailing 1-year period	52.38%	57.22%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.76%	44.85%	-5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.87%	46.47%	-6.60%

SIL vs. SILJ - Expense Ratio Comparison

SIL has a 0.65% expense ratio, which is lower than SILJ's 0.69% expense ratio.

Dividends

SIL vs. SILJ - Dividend Comparison

SIL's dividend yield for the trailing twelve months is around 1.19%, less than SILJ's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIL Global X Silver Miners ETF	1.19%	1.18%	2.40%	0.59%	0.48%	1.59%	1.92%	1.53%	1.21%	0.02%	3.34%	0.38%
SILJ Amplify Junior Silver Miners ETF	2.01%	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 SIL and SILJ in my portfolio?

With a correlation of 0.98, SIL and SILJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SIL or SILJ?

SILJ has higher volatility (19.73%) compared to SIL (18.75%). In terms of maximum drawdown, SIL dropped -82.99% vs SILJ's -79.04%.

Which ETF is better, SIL or SILJ?

On 10-year performance, SIL leads with 9.25% vs 8.85% for SILJ. On fees, SIL is cheaper at 0.65% per year. On volatility, SIL has been the lower-risk option at 18.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIL or SILJ?

Over the 10-year period, SIL has performed better with a 9.25% return vs 8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIL or SILJ?

SIL is cheaper with a 0.65% expense ratio, compared with 0.69% for SILJ.

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

SILJ has the higher dividend yield at 2.01%, compared with 1.19% for SIL.

What is the main difference between SIL and SILJ?

SIL tracks Solactive Global Silver Miners Total Return Index, while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: Global X and Amplify. Their fees differ too: 0.65% for SIL and 0.69% for SILJ.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (1.64 vs 1.48), 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.