SILJ vs. LQD
SILJ (Amplify Junior Silver Miners ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Both are passively managed. Over the past 10 years, SILJ returned 8.82%/yr vs 2.54%/yr for LQD. At a 0.24 correlation, their price movements are largely independent. SILJ charges 0.69%/yr vs 0.15%/yr for LQD.
Performance
SILJ vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, SILJ achieves a -1.77% return, which is significantly lower than LQD's 0.82% return. Over the past 10 years, SILJ has outperformed LQD with an annualized return of 8.82%, while LQD has yielded a comparatively lower 2.54% annualized return.
SILJ
- 1D
- 3.23%
- 1M
- -20.69%
- YTD
- -1.77%
- 6M
- 0.26%
- 1Y
- 85.48%
- 3Y*
- 45.21%
- 5Y*
- 11.38%
- 10Y*
- 8.82%
LQD
- 1D
- -0.06%
- 1M
- 0.74%
- YTD
- 0.82%
- 6M
- 1.24%
- 1Y
- 5.16%
- 3Y*
- 5.30%
- 5Y*
- -0.21%
- 10Y*
- 2.54%
SILJ vs. LQD - 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.82% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
Correlation
The correlation between SILJ and LQD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012 | 0.24 |
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Return for Risk
SILJ vs. LQD — Risk / Return Rank
SILJ
LQD
SILJ vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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 | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.55 | +0.64 |
| Martin ratioReturn relative to average drawdown | 5.65 | 4.37 | +1.28 |
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Drawdowns
SILJ vs. LQD - Drawdown Comparison
The maximum SILJ drawdown since its inception was -79.04%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for SILJ and LQD.
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Drawdown Indicators
| SILJ | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.04% | -24.95% | -54.09% |
Max Drawdown (1Y)Largest decline over 1 year | -39.16% | -3.34% | -35.82% |
Max Drawdown (3Y)Largest decline over 3 years | -39.16% | -8.43% | -30.73% |
Max Drawdown (5Y)Largest decline over 5 years | -54.60% | -24.95% | -29.65% |
Max Drawdown (10Y)Largest decline over 10 years | -70.06% | -24.95% | -45.11% |
Current DrawdownCurrent decline from peak | -32.56% | -3.37% | -29.19% |
Average DrawdownAverage peak-to-trough decline | -41.40% | -3.99% | -37.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.17% | 1.19% | +13.98% |
Volatility
SILJ vs. LQD - Volatility Comparison
Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 20.76% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.78%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SILJ | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.76% | 1.78% | +18.98% |
Volatility (6M)Calculated over the trailing 6-month period | 47.36% | 4.02% | +43.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.54% | 5.37% | +51.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.76% | 8.65% | +36.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.41% | 8.69% | +37.72% |
SILJ vs. LQD - Expense Ratio Comparison
SILJ has a 0.69% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
SILJ vs. LQD - Dividend Comparison
SILJ's dividend yield for the trailing twelve months is around 2.04%, less than LQD's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.55% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
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
SILJ and LQD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SILJ has higher volatility (20.76%) compared to LQD (1.78%). In terms of maximum drawdown, SILJ dropped -79.04% vs LQD's -24.95%.
On 10-year performance, SILJ leads with 8.82% vs 2.54% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.78%. 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 8.82% return vs 2.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.69% for SILJ.
LQD has the higher dividend yield at 4.55%, compared with 2.04% for SILJ.
SILJ is categorized as Silver, while LQD is Corporate Bonds. SILJ tracks Nasdaq Junior Silver Miners Index, while LQD tracks iBoxx $ Liquid Investment Grade Index. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.69% for SILJ and 0.15% for LQD.
SILJ currently has the higher Sharpe Ratio (1.52 vs 0.97), 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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