SILJ vs. AGQ
SILJ (Amplify Junior Silver Miners ETF) and AGQ (ProShares Ultra Silver) are both Silver funds - SILJ tracks the Nasdaq Junior Silver Miners Index while AGQ tracks the Bloomberg Silver Subindex (200%). Both are passively managed. Over the past 10 years, SILJ returned 8.85%/yr vs 6.90%/yr for AGQ. A 0.73 correlation means they provide meaningful diversification when combined. SILJ charges 0.69%/yr vs 0.93%/yr for AGQ.
Performance
SILJ vs. AGQ - Performance Comparison
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Returns By Period
In the year-to-date period, SILJ achieves a -0.18% return, which is significantly higher than AGQ's -46.29% return. Over the past 10 years, SILJ has outperformed AGQ with an annualized return of 8.85%, while AGQ has yielded a comparatively lower 6.90% annualized return.
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%
AGQ
- 1D
- -1.92%
- 1M
- -27.43%
- YTD
- -46.29%
- 6M
- -45.77%
- 1Y
- 75.71%
- 3Y*
- 47.17%
- 5Y*
- 13.07%
- 10Y*
- 6.90%
SILJ vs. AGQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AGQ ProShares Ultra Silver | -46.29% | 360.71% | 23.92% | -15.09% | -7.89% | -32.25% | 62.02% | 20.02% | -22.10% | 5.49% |
Correlation
The correlation between SILJ and AGQ is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012 | 0.73 |
The correlation between SILJ and AGQ has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
SILJ vs. AGQ — Risk / Return Rank
SILJ
AGQ
SILJ vs. AGQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and ProShares Ultra Silver (AGQ). 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 | AGQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.95 | +1.44 |
| Martin ratioReturn relative to average drawdown | 5.95 | 1.75 | +4.20 |
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Drawdowns
SILJ vs. AGQ - Drawdown Comparison
The maximum SILJ drawdown since its inception was -79.04%, smaller than the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for SILJ and AGQ.
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Drawdown Indicators
| SILJ | AGQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.04% | -98.16% | +19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -39.16% | -79.89% | +40.73% |
Max Drawdown (3Y)Largest decline over 3 years | -39.16% | -79.89% | +40.73% |
Max Drawdown (5Y)Largest decline over 5 years | -48.84% | -79.89% | +31.05% |
Max Drawdown (10Y)Largest decline over 10 years | -70.06% | -79.89% | +9.83% |
Current DrawdownCurrent decline from peak | -31.46% | -88.59% | +57.13% |
Average DrawdownAverage peak-to-trough decline | -41.39% | -79.86% | +38.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 43.33% | -27.62% |
Volatility
SILJ vs. AGQ - Volatility Comparison
The current volatility for Amplify Junior Silver Miners ETF (SILJ) is 19.73%, while ProShares Ultra Silver (AGQ) has a volatility of 27.83%. This indicates that SILJ experiences smaller price fluctuations and is considered to be less risky than AGQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SILJ | AGQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.73% | 27.83% | -8.10% |
Volatility (6M)Calculated over the trailing 6-month period | 47.74% | 134.92% | -87.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.22% | 123.30% | -66.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.85% | 75.37% | -30.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.47% | 66.08% | -19.61% |
SILJ vs. AGQ - Expense Ratio Comparison
SILJ has a 0.69% expense ratio, which is lower than AGQ's 0.93% expense ratio.
Dividends
SILJ vs. AGQ - Dividend Comparison
SILJ's dividend yield for the trailing twelve months is around 2.01%, while AGQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SILJ Amplify Junior Silver Miners ETF | 2.01% | 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
SILJ and AGQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGQ has higher volatility (27.83%) compared to SILJ (19.73%). In terms of maximum drawdown, SILJ dropped -79.04% vs AGQ's -98.16%.
On 10-year performance, SILJ leads with 8.85% vs 6.90% for AGQ. On fees, SILJ is cheaper at 0.69% per year. On volatility, SILJ has been the lower-risk option at 19.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SILJ has performed better with a 8.85% return vs 6.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SILJ is cheaper with a 0.69% expense ratio, compared with 0.93% for AGQ.
SILJ has the higher dividend yield at 2.01%, compared with 0.00% for AGQ.
SILJ tracks Nasdaq Junior Silver Miners Index, while AGQ tracks Bloomberg Silver Subindex (200%). They also come from different issuers: Amplify and ProShares. Their fees differ too: 0.69% for SILJ and 0.93% for AGQ.
SILJ currently has the higher Sharpe Ratio (1.64 vs 0.62), 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.
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