SILJ vs. MMA.AX

Last updated Jun 9, 2026

SILJ (Amplify Junior Silver Miners ETF) is Silver fund tracking the Nasdaq Junior Silver Miners Index, while MMA.AX (Maronan Metals Limited) is a stock. Over the past 3 years, SILJ returned 43.26%/yr vs 22.11%/yr for MMA.AX. At a 0.14 correlation, their price movements are largely independent.

Performance

SILJ vs. MMA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Junior Silver Miners ETF (SILJ) and Maronan Metals Limited (MMA.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SILJ is traded in USD, while MMA.AX is traded in AUD. To make them comparable, the MMA.AX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SILJ achieves a -4.81% return, which is significantly lower than MMA.AX's -3.29% return.

SILJ

• 1D: -0.08%
• 1M: -17.04%
• YTD: -4.81%
• 6M: 7.21%
• 1Y: 79.14%
• 3Y*: 43.26%
• 5Y*: 11.05%
• 10Y*: 8.17%

MMA.AX

• 1D: -2.48%
• 1M: 13.41%
• YTD: -3.29%
• 6M: 29.91%
• 1Y: 70.49%
• 3Y*: 22.11%
• 5Y*: —
• 10Y*: —

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

SILJ vs. MMA.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SILJ Amplify Junior Silver Miners ETF	-4.81%	183.89%	6.39%	-5.21%	-14.11%
MMA.AX Maronan Metals Limited	-3.29%	115.63%	-27.98%	-5.42%	-19.32%

Correlation

The correlation between SILJ and MMA.AX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since May 2, 2022	0.14

Return for Risk

SILJ vs. MMA.AX — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 43
SILJ Sharpe Ratio Rank: 45
SILJ Sortino Ratio Rank: 39
SILJ Omega Ratio Rank: 44
SILJ Calmar Ratio Rank: 51
SILJ Martin Ratio Rank: 38

MMA.AX

MMA.AX Risk / Return Rank: 63
MMA.AX Sharpe Ratio Rank: 63
MMA.AX Sortino Ratio Rank: 67
MMA.AX Omega Ratio Rank: 62
MMA.AX Calmar Ratio Rank: 64
MMA.AX Martin Ratio Rank: 61

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. MMA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Maronan Metals Limited (MMA.AX). 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	MMA.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.85	+0.58
Sortino ratio: Return per unit of downside risk	1.86	1.74	+0.11
Omega ratio: Gain probability vs. loss probability	1.26	1.19	+0.06
Calmar ratio: Return relative to maximum drawdown	2.29	1.41	+0.88
Martin ratio: Return relative to average drawdown	5.48	2.66	+2.82
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. MMA.AX - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.43, which is higher than the MMA.AX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of SILJ and MMA.AX, 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	MMA.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	0.85	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.04	+0.02

Drawdowns

SILJ vs. MMA.AX - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than MMA.AX's maximum drawdown of -56.69%. Use the drawdown chart below to compare losses from any high point for SILJ and MMA.AX.

Drawdown Indicators

	SILJ	MMA.AX	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-56.69%	-22.35%
Max Drawdown (1Y) Largest decline over 1 year	-34.71%	-54.63%	+19.92%
Max Drawdown (3Y) Largest decline over 3 years	-34.71%	-54.63%	+19.92%
Max Drawdown (5Y) Largest decline over 5 years	-55.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	—	—
Current Drawdown Current decline from peak	-34.64%	-42.11%	+7.47%
Average Drawdown Average peak-to-trough decline	-41.42%	-36.89%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.49%	28.97%	-14.48%

Volatility

SILJ vs. MMA.AX - Volatility Comparison

The current volatility for Amplify Junior Silver Miners ETF (SILJ) is 20.06%, while Maronan Metals Limited (MMA.AX) has a volatility of 23.73%. This indicates that SILJ experiences smaller price fluctuations and is considered to be less risky than MMA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	MMA.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.06%	23.73%	-3.67%
Volatility (6M) Calculated over the trailing 6-month period	46.73%	72.05%	-25.32%
Volatility (1Y) Calculated over the trailing 1-year period	55.89%	90.45%	-34.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.60%	76.99%	-32.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.33%	76.99%	-30.66%

Dividends

SILJ vs. MMA.AX - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.10%, while MMA.AX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MMA.AX Maronan Metals Limited	0.00%	0.00%	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	2.10%	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 MMA.AX in my portfolio?

SILJ and MMA.AX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.