SILJ vs. RGLD

Last updated Jun 14, 2026

SILJ (Amplify Junior Silver Miners ETF) is Silver fund tracking the Nasdaq Junior Silver Miners Index, while RGLD (Royal Gold, Inc.) is a stock. Over the past 10 years, SILJ returned 8.82%/yr vs 13.61%/yr for RGLD. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

SILJ vs. RGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Junior Silver Miners ETF (SILJ) and Royal Gold, Inc. (RGLD). 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 higher than RGLD's -6.25% return. Over the past 10 years, SILJ has underperformed RGLD with an annualized return of 8.82%, while RGLD has yielded a comparatively higher 13.61% annualized return.

SILJ

• 1D: 3.23%
• 1M: -17.41%
• YTD: -1.77%
• 6M: 0.26%
• 1Y: 84.73%
• 3Y*: 45.21%
• 5Y*: 11.38%
• 10Y*: 8.82%

RGLD

• 1D: 1.47%
• 1M: -9.09%
• YTD: -6.25%
• 6M: -4.74%
• 1Y: 14.86%
• 3Y*: 21.73%
• 5Y*: 12.37%
• 10Y*: 13.61%

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

SILJ vs. RGLD - 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%
RGLD Royal Gold, Inc.	-6.25%	70.43%	10.39%	8.70%	8.51%	0.04%	-12.13%	44.27%	5.53%	31.32%

Correlation

The correlation between SILJ and RGLD is 0.80, 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	0.80
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 29, 2012	0.74

The correlation between SILJ and RGLD has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

Return for Risk

SILJ vs. RGLD — 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

RGLD

RGLD Risk / Return Rank: 54
RGLD Sharpe Ratio Rank: 58
RGLD Sortino Ratio Rank: 52
RGLD Omega Ratio Rank: 52
RGLD Calmar Ratio Rank: 54
RGLD Martin Ratio Rank: 56

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. RGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Royal Gold, Inc. (RGLD). 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	RGLD	Difference
Sharpe ratio: Return per unit of total volatility	1.52	0.43	+1.09
Sortino ratio: Return per unit of downside risk	1.94	0.81	+1.12
Omega ratio: Gain probability vs. loss probability	1.26	1.11	+0.16
Calmar ratio: Return relative to maximum drawdown	2.19	0.48	+1.71
Martin ratio: Return relative to average drawdown	5.65	1.27	+4.38

SILJ vs. RGLD - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.52, which is higher than the RGLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of SILJ and RGLD, 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. RGLD - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, smaller than the maximum RGLD drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for SILJ and RGLD.

Drawdown Indicators

	SILJ	RGLD	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-98.29%	+19.25%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-35.12%	-4.04%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	-35.12%	-4.04%
Max Drawdown (5Y) Largest decline over 5 years	-53.55%	-40.73%	-12.82%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-49.55%	-20.51%
Current Drawdown Current decline from peak	-32.56%	-31.66%	-0.90%
Average Drawdown Average peak-to-trough decline	-41.40%	-29.82%	-11.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.17%	13.34%	+1.83%

Volatility

SILJ vs. RGLD - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 20.76% compared to Royal Gold, Inc. (RGLD) at 12.33%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than RGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	RGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.76%	12.33%	+8.43%
Volatility (6M) Calculated over the trailing 6-month period	47.36%	32.22%	+15.14%
Volatility (1Y) Calculated over the trailing 1-year period	56.54%	39.34%	+17.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.76%	31.58%	+13.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.41%	33.66%	+12.75%

Dividends

SILJ vs. RGLD - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.04%, more than RGLD's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RGLD Royal Gold, Inc.	0.89%	0.81%	1.21%	1.24%	1.24%	1.14%	1.05%	0.87%	1.17%	1.17%	1.45%	1.81%
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 RGLD in my portfolio?

SILJ and RGLD have a correlation of 0.80, 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 RGLD?

SILJ has higher volatility (20.76%) compared to RGLD (12.33%). In terms of maximum drawdown, SILJ dropped -79.04% vs RGLD's -98.29%.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (1.52 vs 0.43), 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.