SILJ vs. BSM

Last updated Jun 4, 2026

SILJ (Amplify Junior Silver Miners ETF) is Silver fund tracking the Nasdaq Junior Silver Miners Index, while BSM (Black Stone Minerals, L.P.) is a stock. Over the past 10 years, SILJ returned 10.08%/yr vs 8.15%/yr for BSM. At a 0.16 correlation, their price movements are largely independent.

Performance

SILJ vs. BSM - Performance Comparison

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

Returns By Period

In the year-to-date period, SILJ achieves a 6.61% return, which is significantly lower than BSM's 9.29% return. Over the past 10 years, SILJ has outperformed BSM with an annualized return of 10.08%, while BSM has yielded a comparatively lower 8.15% annualized return.

SILJ

• 1D: -5.24%
• 1M: 2.57%
• YTD: 6.61%
• 6M: 16.40%
• 1Y: 111.95%
• 3Y*: 47.77%
• 5Y*: 13.13%
• 10Y*: 10.08%

BSM

• 1D: 2.35%
• 1M: -0.00%
• YTD: 9.29%
• 6M: 1.01%
• 1Y: 10.60%
• 3Y*: 5.43%
• 5Y*: 18.17%
• 10Y*: 8.15%

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

SILJ vs. BSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%
BSM Black Stone Minerals, L.P.	9.29%	0.56%	1.47%	5.85%	80.82%	67.42%	-42.97%	-9.53%	-7.04%	2.49%

Correlation

The correlation between SILJ and BSM is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since May 4, 2015	0.16

The correlation between SILJ and BSM shifts across timeframes, from -0.03 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SILJ vs. BSM — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 54
SILJ Sharpe Ratio Rank: 59
SILJ Sortino Ratio Rank: 46
SILJ Omega Ratio Rank: 51
SILJ Calmar Ratio Rank: 64
SILJ Martin Ratio Rank: 47

BSM

BSM Risk / Return Rank: 54
BSM Sharpe Ratio Rank: 58
BSM Sortino Ratio Rank: 49
BSM Omega Ratio Rank: 48
BSM Calmar Ratio Rank: 57
BSM Martin Ratio Rank: 56

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. BSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Black Stone Minerals, L.P. (BSM). 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.

	SILJ	BSM	Difference
Sharpe ratio: Return per unit of total volatility	2.05	0.52	+1.54
Sortino ratio: Return per unit of downside risk	2.35	0.81	+1.54
Omega ratio: Gain probability vs. loss probability	1.32	1.10	+0.22
Calmar ratio: Return relative to maximum drawdown	3.24	0.77	+2.47
Martin ratio: Return relative to average drawdown	7.99	1.59	+6.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SILJ vs. BSM - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 2.05, which is higher than the BSM Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of SILJ and BSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SILJ	BSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	0.52	+1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.69	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.26	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.20	-0.11

Drawdowns

SILJ vs. BSM - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, roughly equal to the maximum BSM drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for SILJ and BSM.

Drawdown Indicators

	SILJ	BSM	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-75.58%	-3.46%
Max Drawdown (1Y) Largest decline over 1 year	-34.71%	-13.79%	-20.92%
Max Drawdown (3Y) Largest decline over 3 years	-34.71%	-21.48%	-13.23%
Max Drawdown (5Y) Largest decline over 5 years	-55.47%	-25.52%	-29.95%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-75.58%	+5.52%
Current Drawdown Current decline from peak	-26.80%	-7.78%	-19.02%
Average Drawdown Average peak-to-trough decline	-41.43%	-16.41%	-25.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.06%	6.68%	+7.38%

Volatility

SILJ vs. BSM - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 18.69% compared to Black Stone Minerals, L.P. (BSM) at 7.47%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than BSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	BSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.69%	7.47%	+11.22%
Volatility (6M) Calculated over the trailing 6-month period	45.24%	15.71%	+29.53%
Volatility (1Y) Calculated over the trailing 1-year period	54.90%	20.70%	+34.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.35%	26.42%	+17.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.24%	31.52%	+14.72%

Dividends

SILJ vs. BSM - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 1.88%, less than BSM's 8.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSM Black Stone Minerals, L.P.	8.62%	10.16%	10.96%	11.90%	9.13%	8.23%	10.18%	11.64%	8.61%	6.69%	5.86%	2.94%
SILJ Amplify Junior Silver Miners ETF	1.88%	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 BSM in my portfolio?

SILJ and BSM have a correlation of -0.03, 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 BSM?

SILJ has higher volatility (18.69%) compared to BSM (7.47%). In terms of maximum drawdown, SILJ dropped -79.04% vs BSM's -75.58%.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (2.05 vs 0.52), 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.