SIL vs. SILJ
Compare and contrast key facts about Global X Silver Miners ETF (SIL) and ETFMG Prime Junior Silver Miners ETF (SILJ).
SIL and SILJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIL is a passively managed fund by Global X that tracks the performance of the Stuttgart Solactive AG Global Silver Miners (USD). It was launched on Apr 19, 2010. SILJ is a passively managed fund by ETFMG that tracks the performance of the Prime Junior Silver Miners & Explorers Index. It was launched on Nov 28, 2012. Both SIL and SILJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIL or SILJ.
Key characteristics
| SIL | SILJ | |
|---|---|---|
| YTD Return | 12.76% | 14.40% |
| 1Y Return | 4.28% | 1.34% |
| 3Y Return (Ann) | -10.39% | -11.81% |
| 5Y Return (Ann) | 8.14% | 9.16% |
| 10Y Return (Ann) | -0.07% | 1.67% |
| Sharpe Ratio | 0.13 | 0.04 |
| Daily Std Dev | 31.26% | 35.33% |
| Max Drawdown | -82.99% | -79.04% |
| Current Drawdown | -60.63% | -41.05% |
Correlation
The correlation between SIL and SILJ is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SIL vs. SILJ - Performance Comparison
In the year-to-date period, SIL achieves a 12.76% return, which is significantly lower than SILJ's 14.40% return. Over the past 10 years, SIL has underperformed SILJ with an annualized return of -0.07%, while SILJ has yielded a comparatively higher 1.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SIL vs. SILJ - Expense Ratio Comparison
SIL has a 0.65% expense ratio, which is lower than SILJ's 0.69% expense ratio.
Risk-Adjusted Performance
SIL vs. SILJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and ETFMG Prime 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.
Dividends
SIL vs. SILJ - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 0.53%, more than SILJ's 0.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 0.53% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% | 0.07% | 0.66% |
SILJ ETFMG Prime Junior Silver Miners ETF | 0.01% | 0.01% | 0.05% | 0.36% | 1.23% | 1.45% | 1.66% | 0.00% | 0.52% | 2.46% | 0.00% | 0.10% |
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. For additional features, visit the drawdowns tool.
Volatility
SIL vs. SILJ - Volatility Comparison
The current volatility for Global X Silver Miners ETF (SIL) is 8.94%, while ETFMG Prime Junior Silver Miners ETF (SILJ) has a volatility of 9.78%. This indicates that SIL 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.