SILJ vs. QQQ

Last updated Jun 13, 2026

SILJ (Amplify Junior Silver Miners ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SILJ returned 8.82%/yr vs 21.79%/yr for QQQ. At a 0.20 correlation, their price movements are largely independent. SILJ charges 0.69%/yr vs 0.18%/yr for QQQ.

Performance

SILJ vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, SILJ achieves a -1.77% return, which is significantly lower than QQQ's 17.57% return. Over the past 10 years, SILJ has underperformed QQQ with an annualized return of 8.82%, while QQQ has yielded a comparatively higher 21.79% 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%

QQQ

• 1D: 0.59%
• 1M: 0.93%
• YTD: 17.57%
• 6M: 17.85%
• 1Y: 35.82%
• 3Y*: 26.43%
• 5Y*: 16.85%
• 10Y*: 21.79%

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

SILJ vs. QQQ - 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%
QQQ Invesco QQQ ETF	17.57%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between SILJ and QQQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.20

Over the past year, SILJ and QQQ have become more correlated (0.42) than their long-term average of 0.20, meaning their price movements have been converging.

SILJ vs. QQQ - Sectors Allocation Comparison

Sectors	SILJ	QQQ
Basic Materials	99.8%	1.1%
Financial Services	0.3%	0.2%
Consumer Defensive	0.2%	7.7%
Communication Services	0.0%	15.8%
Consumer Cyclical	-	12.3%
Energy	-	0.6%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

SILJ vs. QQQ — 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

QQQ

QQQ Risk / Return Rank: 71
QQQ Sharpe Ratio Rank: 75
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 73
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 70

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.09	-0.57
Sortino ratio: Return per unit of downside risk	1.94	2.73	-0.79
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	2.19	3.01	-0.81
Martin ratio: Return relative to average drawdown	5.65	11.22	-5.57

SILJ vs. QQQ - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.52, which is comparable to the QQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SILJ and QQQ, 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. QQQ - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SILJ and QQQ.

Drawdown Indicators

	SILJ	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-82.97%	+3.93%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-11.96%	-27.20%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	-22.77%	-16.39%
Max Drawdown (5Y) Largest decline over 5 years	-54.60%	-35.12%	-19.48%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-35.12%	-34.94%
Current Drawdown Current decline from peak	-32.56%	-3.33%	-29.23%
Average Drawdown Average peak-to-trough decline	-41.40%	-32.75%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.17%	3.20%	+11.97%

Volatility

SILJ vs. QQQ - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 20.76% compared to Invesco QQQ ETF (QQQ) at 7.56%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.76%	7.56%	+13.20%
Volatility (6M) Calculated over the trailing 6-month period	47.36%	13.81%	+33.55%
Volatility (1Y) Calculated over the trailing 1-year period	56.54%	17.19%	+39.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.76%	22.55%	+22.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.41%	22.38%	+24.03%

SILJ vs. QQQ - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

SILJ vs. QQQ - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.04%, more than QQQ's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
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 QQQ in my portfolio?

SILJ and QQQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SILJ or QQQ?

SILJ has higher volatility (20.76%) compared to QQQ (7.56%). In terms of maximum drawdown, SILJ dropped -79.04% vs QQQ's -82.97%.

Which ETF is better, SILJ or QQQ?

On 10-year performance, QQQ leads with 21.79% vs 8.82% for SILJ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SILJ or QQQ?

Over the 10-year period, QQQ has performed better with a 21.79% return vs 8.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SILJ or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.69% for SILJ.

Which ETF pays a higher dividend yield, SILJ or QQQ?

SILJ has the higher dividend yield at 2.04%, compared with 0.39% for QQQ.

What is the main difference between SILJ and QQQ?

SILJ is categorized as Silver, while QQQ is Nasdaq-100. SILJ tracks Nasdaq Junior Silver Miners Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.69% for SILJ and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.09 vs 1.52), 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.