SILJ vs. PSLV
SILJ (Amplify Junior Silver Miners ETF) and PSLV (Sprott Physical Silver Trust) are both Silver funds - SILJ tracks the Nasdaq Junior Silver Miners Index while PSLV tracks the No Index (Physical Silver). Both are passively managed. Over the past 10 years, SILJ returned 10.08%/yr vs 13.97%/yr for PSLV. A 0.72 correlation means they provide meaningful diversification when combined. SILJ charges 0.69%/yr vs 0.51%/yr for PSLV.
Performance
SILJ vs. PSLV - Performance Comparison
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Returns By Period
In the year-to-date period, SILJ achieves a 6.61% return, which is significantly higher than PSLV's -1.78% return. Over the past 10 years, SILJ has underperformed PSLV with an annualized return of 10.08%, while PSLV has yielded a comparatively higher 13.97% 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%
PSLV
- 1D
- -2.76%
- 1M
- -1.61%
- YTD
- -1.78%
- 6M
- 18.46%
- 1Y
- 100.09%
- 3Y*
- 41.73%
- 5Y*
- 18.43%
- 10Y*
- 13.97%
SILJ vs. PSLV - 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% |
PSLV Sprott Physical Silver Trust | -1.78% | 145.08% | 19.43% | -1.94% | 2.74% | -14.13% | 42.81% | 16.99% | -11.83% | 4.28% |
Correlation
The correlation between SILJ and PSLV is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.72 |
The correlation between SILJ and PSLV has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
SILJ vs. PSLV — Risk / Return Rank
SILJ
PSLV
SILJ vs. PSLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Sprott Physical Silver Trust (PSLV). 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 | PSLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.48 | +0.77 |
| Martin ratioReturn relative to average drawdown | 7.99 | 5.50 | +2.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SILJ | PSLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.72 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.52 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.45 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.17 | -0.08 |
Drawdowns
SILJ vs. PSLV - Drawdown Comparison
The maximum SILJ drawdown since its inception was -79.04%, roughly equal to the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for SILJ and PSLV.
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Drawdown Indicators
| SILJ | PSLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.04% | -79.38% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -40.65% | +5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -34.71% | -40.65% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -55.47% | -40.65% | -14.82% |
Max Drawdown (10Y)Largest decline over 10 years | -70.06% | -42.79% | -27.27% |
Current DrawdownCurrent decline from peak | -26.80% | -36.11% | +9.31% |
Average DrawdownAverage peak-to-trough decline | -41.43% | -58.15% | +16.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.06% | 18.25% | -4.19% |
Volatility
SILJ vs. PSLV - Volatility Comparison
Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 18.69% compared to Sprott Physical Silver Trust (PSLV) at 16.57%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SILJ | PSLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.69% | 16.57% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 45.24% | 57.35% | -12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.90% | 58.49% | -3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.35% | 35.64% | +8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.24% | 31.14% | +15.10% |
SILJ vs. PSLV - Expense Ratio Comparison
SILJ has a 0.69% expense ratio, which is higher than PSLV's 0.51% expense ratio.
Dividends
SILJ vs. PSLV - Dividend Comparison
SILJ's dividend yield for the trailing twelve months is around 1.88%, while PSLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | 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 | 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
SILJ and PSLV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SILJ has higher volatility (18.69%) compared to PSLV (16.57%). In terms of maximum drawdown, SILJ dropped -79.04% vs PSLV's -79.38%.
On 10-year performance, PSLV leads with 13.97% vs 10.08% for SILJ. On fees, PSLV is cheaper at 0.51% per year. On volatility, PSLV has been the lower-risk option at 16.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PSLV has performed better with a 13.97% return vs 10.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSLV is cheaper with a 0.51% expense ratio, compared with 0.69% for SILJ.
SILJ has the higher dividend yield at 1.88%, compared with 0.00% for PSLV.
SILJ tracks Nasdaq Junior Silver Miners Index, while PSLV tracks No Index (Physical Silver). They also come from different issuers: Amplify and Sprott. Their fees differ too: 0.69% for SILJ and 0.51% for PSLV.
SILJ currently has the higher Sharpe Ratio (2.05 vs 1.72), 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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