SILJ vs. AGMI

Last updated Jun 24, 2026

SILJ (Amplify Junior Silver Miners ETF) and AGMI (Themes Silver Miners ETF) are both Silver funds - SILJ tracks the Nasdaq Junior Silver Miners Index while AGMI tracks the STOXX Global Silver Mining Index. Both are passively managed. Over the past year, SILJ returned 80.90% vs 82.04% for AGMI. With a 0.96 correlation, they move nearly in lockstep. SILJ charges 0.69%/yr vs 0.35%/yr for AGMI.

Performance

SILJ vs. AGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Junior Silver Miners ETF (SILJ) and Themes Silver Miners ETF (AGMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SILJ achieves a -5.93% return, which is significantly lower than AGMI's -4.46% return.

SILJ

• 1D: -5.76%
• 1M: -9.71%
• YTD: -5.93%
• 6M: -10.68%
• 1Y: 80.90%
• 3Y*: 45.63%
• 5Y*: 13.14%
• 10Y*: 8.20%

AGMI

• 1D: -6.11%
• 1M: -9.96%
• YTD: -4.46%
• 6M: -7.11%
• 1Y: 82.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SILJ vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SILJ Amplify Junior Silver Miners ETF	-5.93%	183.89%	-3.37%
AGMI Themes Silver Miners ETF	-4.46%	176.11%	-0.74%

Correlation

The correlation between SILJ and AGMI is 0.97 - 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	0.97
Correlation (All Time) Calculated using the full available price history since May 3, 2024	0.96

The correlation between SILJ and AGMI has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

SILJ vs. AGMI - Sectors Allocation Comparison

Sectors	SILJ	AGMI
Basic Materials	99.8%	99.7%
Financial Services	0.3%	-
Consumer Defensive	0.2%	-
Communication Services	0.0%	-
Consumer Cyclical	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	0.0%
Utilities	-	-

Return for Risk

SILJ vs. AGMI — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 39
SILJ Sharpe Ratio Rank: 41
SILJ Sortino Ratio Rank: 37
SILJ Omega Ratio Rank: 40
SILJ Calmar Ratio Rank: 43
SILJ Martin Ratio Rank: 35

AGMI

AGMI Risk / Return Rank: 45
AGMI Sharpe Ratio Rank: 48
AGMI Sortino Ratio Rank: 41
AGMI Omega Ratio Rank: 43
AGMI Calmar Ratio Rank: 51
AGMI Martin Ratio Rank: 40

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.

SILJ vs. AGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Themes Silver Miners ETF (AGMI). 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.

	SILJ	AGMI	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.59	-0.18
Sortino ratio: Return per unit of downside risk	1.86	1.97	-0.11
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	2.08	2.40	-0.32
Martin ratio: Return relative to average drawdown	5.12	5.96	-0.85

SILJ vs. AGMI - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.42, which is comparable to the AGMI Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of SILJ and AGMI, 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

SILJ vs. AGMI - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than AGMI's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for SILJ and AGMI.

Drawdown Indicators

	SILJ	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-34.40%	-44.64%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-34.40%	-4.76%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	—	—
Current Drawdown Current decline from peak	-35.41%	-31.06%	-4.35%
Average Drawdown Average peak-to-trough decline	-41.39%	-9.57%	-31.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.86%	13.80%	+2.06%

Volatility

SILJ vs. AGMI - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 20.52% compared to Themes Silver Miners ETF (AGMI) at 19.41%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than AGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.52%	19.41%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	48.11%	44.13%	+3.98%
Volatility (1Y) Calculated over the trailing 1-year period	57.43%	51.73%	+5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.93%	45.04%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.51%	45.04%	+1.47%

SILJ vs. AGMI - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

SILJ vs. AGMI - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.13%, less than AGMI's 4.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGMI Themes Silver Miners ETF	4.64%	4.43%	1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SILJ Amplify Junior Silver Miners ETF	2.13%	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 SILJ and AGMI in my portfolio?

With a correlation of 0.97, SILJ and AGMI 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, SILJ or AGMI?

SILJ has higher volatility (20.52%) compared to AGMI (19.41%). In terms of maximum drawdown, SILJ dropped -79.04% vs AGMI's -34.40%.

Which ETF is better, SILJ or AGMI?

On 1-year performance, AGMI leads with 82.04% vs 80.90% for SILJ. On fees, AGMI is cheaper at 0.35% per year. On volatility, AGMI has been the lower-risk option at 19.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SILJ or AGMI?

Over the 1-year period, AGMI has performed better with a 82.04% return vs 80.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SILJ or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.69% for SILJ.

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

AGMI has the higher dividend yield at 4.64%, compared with 2.13% for SILJ.

What is the main difference between SILJ and AGMI?

SILJ tracks Nasdaq Junior Silver Miners Index, while AGMI tracks STOXX Global Silver Mining Index. They also come from different issuers: Amplify and Themes. Their fees differ too: 0.69% for SILJ and 0.35% for AGMI.

Which has better risk-adjusted returns?

AGMI currently has the higher Sharpe Ratio (1.59 vs 1.42), 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.