SILJ vs. GLCC.TO

Last updated Jun 14, 2026

SILJ (Amplify Junior Silver Miners ETF) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while GLCC.TO is a Derivative Income fund actively managed by Global X. SILJ is passively managed, while GLCC.TO is actively managed. Over the past 10 years, SILJ returned 8.82%/yr vs 12.92%/yr for GLCC.TO. A 0.78 correlation means they provide meaningful diversification when combined. SILJ charges 0.69%/yr vs 0.79%/yr for GLCC.TO.

Performance

SILJ vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Junior Silver Miners ETF (SILJ) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SILJ is traded in USD, while GLCC.TO is traded in CAD. To make them comparable, the GLCC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SILJ achieves a -1.77% return, which is significantly higher than GLCC.TO's -7.03% return. Over the past 10 years, SILJ has underperformed GLCC.TO with an annualized return of 8.82%, while GLCC.TO has yielded a comparatively higher 12.92% annualized return.

SILJ

• 1D: 3.23%
• 1M: -17.41%
• YTD: -1.77%
• 6M: 0.26%
• 1Y: 84.73%
• 3Y*: 45.21%
• 5Y*: 11.38%
• 10Y*: 8.82%

GLCC.TO

• 1D: 2.73%
• 1M: -14.47%
• YTD: -7.03%
• 6M: -4.99%
• 1Y: 44.60%
• 3Y*: 37.94%
• 5Y*: 16.80%
• 10Y*: 12.92%

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

SILJ vs. GLCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SILJ Amplify Junior Silver Miners ETF	-1.77%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-7.03%	148.79%	10.80%	8.78%	-7.65%	-9.33%	17.79%	44.67%	-8.11%	15.12%

Correlation

The correlation between SILJ and GLCC.TO is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.78

The correlation between SILJ and GLCC.TO has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

SILJ vs. GLCC.TO - Sectors Allocation Comparison

Sectors	SILJ	GLCC.TO
Basic Materials	99.8%	100.0%
Financial Services	0.3%	-
Consumer Defensive	0.2%	-
Communication Services	0.0%	-
Consumer Cyclical	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SILJ vs. GLCC.TO — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 46
SILJ Sharpe Ratio Rank: 50
SILJ Sortino Ratio Rank: 42
SILJ Omega Ratio Rank: 47
SILJ Calmar Ratio Rank: 50
SILJ Martin Ratio Rank: 40

GLCC.TO

GLCC.TO Risk / Return Rank: 35
GLCC.TO Sharpe Ratio Rank: 37
GLCC.TO Sortino Ratio Rank: 33
GLCC.TO Omega Ratio Rank: 37
GLCC.TO Calmar Ratio Rank: 35
GLCC.TO Martin Ratio Rank: 33

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. GLCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). 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	GLCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.08	+0.44
Sortino ratio: Return per unit of downside risk	1.94	1.52	+0.42
Omega ratio: Gain probability vs. loss probability	1.26	1.21	+0.05
Calmar ratio: Return relative to maximum drawdown	2.19	1.37	+0.82
Martin ratio: Return relative to average drawdown	5.65	3.97	+1.68

SILJ vs. GLCC.TO - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.52, which is higher than the GLCC.TO Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of SILJ and GLCC.TO, 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. GLCC.TO - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, smaller than the maximum GLCC.TO drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for SILJ and GLCC.TO.

Drawdown Indicators

	SILJ	GLCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-87.15%	+8.11%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-34.36%	-4.80%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	-34.36%	-4.80%
Max Drawdown (5Y) Largest decline over 5 years	-53.55%	-41.98%	-11.57%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-45.72%	-24.34%
Current Drawdown Current decline from peak	-32.56%	-28.59%	-3.97%
Average Drawdown Average peak-to-trough decline	-41.40%	-62.40%	+21.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.17%	11.84%	+3.33%

Volatility

SILJ vs. GLCC.TO - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 20.76% compared to Global X Gold Producer Equity Covered Call ETF (GLCC.TO) at 16.67%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	GLCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.76%	16.67%	+4.09%
Volatility (6M) Calculated over the trailing 6-month period	47.36%	36.09%	+11.27%
Volatility (1Y) Calculated over the trailing 1-year period	56.54%	43.61%	+12.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.76%	33.07%	+11.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.41%	32.84%	+13.57%

SILJ vs. GLCC.TO - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is lower than GLCC.TO's 0.79% expense ratio.

Dividends

SILJ vs. GLCC.TO - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.04%, less than GLCC.TO's 9.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLCC.TO Global X Gold Producer Equity Covered Call ETF	9.12%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.08%	8.75%	2.32%
SILJ Amplify Junior Silver Miners ETF	2.04%	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 GLCC.TO in my portfolio?

SILJ and GLCC.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SILJ or GLCC.TO?

On fees, SILJ is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SILJ or GLCC.TO?

SILJ is cheaper with a 0.69% expense ratio, compared with 0.79% for GLCC.TO.

What is the main difference between SILJ and GLCC.TO?

SILJ is categorized as Silver, while GLCC.TO is Derivative Income. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.69% for SILJ and 0.79% for GLCC.TO.