SILJ vs. HL

Last updated Jul 1, 2026

SILJ (Amplify Junior Silver Miners ETF) is Silver fund tracking the Nasdaq Junior Silver Miners Index, while HL (Hecla Mining Company) is a stock. Over the past 10 years, SILJ returned 6.55%/yr vs 11.45%/yr for HL. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

SILJ vs. HL - Performance Comparison

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

Returns By Period

In the year-to-date period, SILJ achieves a -6.32% return, which is significantly higher than HL's -19.56% return. Over the past 10 years, SILJ has underperformed HL with an annualized return of 6.55%, while HL has yielded a comparatively higher 11.45% annualized return.

SILJ

• 1D: 0.50%
• 1M: -16.14%
• YTD: -6.32%
• 6M: -7.86%
• 1Y: 78.43%
• 3Y*: 44.49%
• 5Y*: 13.48%
• 10Y*: 6.55%

HL

• 1D: 0.19%
• 1M: -13.17%
• YTD: -19.56%
• 6M: -20.80%
• 1Y: 157.90%
• 3Y*: 44.78%
• 5Y*: 16.35%
• 10Y*: 11.45%

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

SILJ vs. HL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SILJ Amplify Junior Silver Miners ETF	-6.32%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%
HL Hecla Mining Company	-19.56%	291.70%	2.82%	-12.93%	6.99%	-18.97%	91.83%	44.43%	-40.37%	-24.08%

Correlation

The correlation between SILJ and HL is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.81

The correlation between SILJ and HL shifts across timeframes, from 0.81 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SILJ vs. HL — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 41
SILJ Sharpe Ratio Rank: 44
SILJ Sortino Ratio Rank: 39
SILJ Omega Ratio Rank: 42
SILJ Calmar Ratio Rank: 46
SILJ Martin Ratio Rank: 35

HL

HL Risk / Return Rank: 85
HL Sharpe Ratio Rank: 91
HL Sortino Ratio Rank: 87
HL Omega Ratio Rank: 84
HL Calmar Ratio Rank: 84
HL Martin Ratio Rank: 80

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. HL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Hecla Mining Company (HL). 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	HL	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.16	-0.79
Sortino ratio: Return per unit of downside risk	1.83	2.62	-0.79
Omega ratio: Gain probability vs. loss probability	1.24	1.32	-0.08
Calmar ratio: Return relative to maximum drawdown	2.01	2.85	-0.83
Martin ratio: Return relative to average drawdown	4.72	5.91	-1.19

SILJ vs. HL - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.37, which is lower than the HL Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of SILJ and HL, 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. HL - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, smaller than the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for SILJ and HL.

Drawdown Indicators

	SILJ	HL	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-97.92%	+18.88%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-55.81%	+16.65%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	-55.81%	+16.65%
Max Drawdown (5Y) Largest decline over 5 years	-48.81%	-55.81%	+7.00%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-82.45%	+12.39%
Current Drawdown Current decline from peak	-35.68%	-51.47%	+15.79%
Average Drawdown Average peak-to-trough decline	-41.38%	-69.91%	+28.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.67%	26.84%	-10.17%

Volatility

SILJ vs. HL - Volatility Comparison

The current volatility for Amplify Junior Silver Miners ETF (SILJ) is 20.11%, while Hecla Mining Company (HL) has a volatility of 21.36%. This indicates that SILJ experiences smaller price fluctuations and is considered to be less risky than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	HL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.11%	21.36%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	48.09%	54.58%	-6.49%
Volatility (1Y) Calculated over the trailing 1-year period	57.53%	73.45%	-15.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.96%	59.39%	-14.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.43%	62.83%	-16.40%

Dividends

SILJ vs. HL - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.14%, more than HL's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HL Hecla Mining Company	0.10%	0.08%	0.81%	0.65%	0.40%	0.72%	0.25%	0.29%	0.42%	0.25%	0.19%	0.53%
SILJ Amplify Junior Silver Miners ETF	2.14%	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 HL in my portfolio?

With a correlation of 0.92, SILJ and HL 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 HL?

HL has higher volatility (21.36%) compared to SILJ (20.11%). In terms of maximum drawdown, SILJ dropped -79.04% vs HL's -97.92%.

Which has better risk-adjusted returns?

HL currently has the higher Sharpe Ratio (2.16 vs 1.37), 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.