SILJ vs. BAGY

Last updated Jul 17, 2026

SILJ (Amplify Junior Silver Miners ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while BAGY is a Derivative Income fund actively managed by Amplify. SILJ is passively managed, while BAGY is actively managed. Over the past year, SILJ returned 59.34% vs -45.35% for BAGY. At a 0.28 correlation, their price movements are largely independent. SILJ charges 0.69%/yr vs 0.65%/yr for BAGY.

Performance

SILJ vs. BAGY - Performance Comparison

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

Returns By Period

In the year-to-date period, SILJ achieves a -13.91% return, which is significantly higher than BAGY's -24.48% return.

SILJ

• 1D: -5.10%
• 1M: -19.77%
• 6M: -27.49%
• YTD: -13.91%
• 1Y: 59.34%
• 3Y*: 36.08%
• 5Y*: 13.82%
• 10Y*: 4.74%

BAGY

• 1D: -1.15%
• 1M: -4.23%
• 6M: -31.05%
• YTD: -24.48%
• 1Y: -45.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SILJ vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
SILJ Amplify Junior Silver Miners ETF	-13.91%	127.90%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-24.48%	-8.33%

Correlation

The correlation between SILJ and BAGY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.28

Return for Risk

SILJ vs. BAGY — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 33
SILJ Sharpe Ratio Rank: 34
SILJ Sortino Ratio Rank: 34
SILJ Omega Ratio Rank: 35
SILJ Calmar Ratio Rank: 34
SILJ Martin Ratio Rank: 29

BAGY

BAGY Risk / Return Rank: 1
BAGY Sharpe Ratio Rank: 1
BAGY Sortino Ratio Rank: 2
BAGY Omega Ratio Rank: 1
BAGY Calmar Ratio Rank: 1
BAGY Martin Ratio Rank: 1

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. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). 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	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	1.03	-1.05	+2.08
Sortino ratio: Return per unit of downside risk	1.54	-1.56	+3.10
Omega ratio: Gain probability vs. loss probability	1.20	0.82	+0.38
Calmar ratio: Return relative to maximum drawdown	1.46	-0.90	+2.36
Martin ratio: Return relative to average drawdown	3.24	-1.47	+4.71

SILJ vs. BAGY - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.03, which is higher than the BAGY Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of SILJ and BAGY, 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. BAGY - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than BAGY's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for SILJ and BAGY.

Drawdown Indicators

	SILJ	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-50.68%	-28.36%
Max Drawdown (1Y) Largest decline over 1 year	-40.89%	-50.68%	+9.79%
Max Drawdown (3Y) Largest decline over 3 years	-40.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	—	—
Current Drawdown Current decline from peak	-40.89%	-46.87%	+5.98%
Average Drawdown Average peak-to-trough decline	-41.36%	-22.22%	-19.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.37%	30.86%	-12.49%

Volatility

SILJ vs. BAGY - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 13.91% compared to Amplify Bitcoin Max Income Covered Call ETF (BAGY) at 11.19%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than BAGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.91%	11.19%	+2.72%
Volatility (6M) Calculated over the trailing 6-month period	47.83%	34.64%	+13.19%
Volatility (1Y) Calculated over the trailing 1-year period	57.92%	43.30%	+14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.04%	41.11%	+3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.40%	41.11%	+5.29%

SILJ vs. BAGY - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is higher than BAGY's 0.65% expense ratio.

Dividends

SILJ vs. BAGY - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.33%, less than BAGY's 58.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.07%	30.16%	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	2.33%	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 BAGY in my portfolio?

SILJ and BAGY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SILJ or BAGY?

SILJ has higher volatility (13.91%) compared to BAGY (11.19%). In terms of maximum drawdown, SILJ dropped -79.04% vs BAGY's -50.68%.

Which ETF is better, SILJ or BAGY?

On 1-year performance, SILJ leads with 59.34% vs -45.35% for BAGY. On fees, BAGY is cheaper at 0.65% per year. On volatility, BAGY has been the lower-risk option at 11.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SILJ or BAGY?

Over the 1-year period, SILJ has performed better with a 59.34% return vs -45.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SILJ or BAGY?

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

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

BAGY has the higher dividend yield at 58.07%, compared with 2.33% for SILJ.

What is the main difference between SILJ and BAGY?

SILJ is categorized as Silver, while BAGY is Derivative Income. Their fees differ too: 0.69% for SILJ and 0.65% for BAGY.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (1.03 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.