SILJ vs. SBT.TO

Last updated Jul 1, 2026

SILJ (Amplify Junior Silver Miners ETF) and SBT.TO (Purpose Silver Bullion Fund) are both Silver funds - SILJ tracks the Nasdaq Junior Silver Miners Index while SBT.TO tracks the LBMA Silver Price. Both are passively managed. Over the past 10 years, SILJ returned 6.55%/yr vs 10.22%/yr for SBT.TO. At a 0.28 correlation, their price movements are largely independent. SILJ charges 0.69%/yr vs 0.36%/yr for SBT.TO.

Performance

SILJ vs. SBT.TO - Performance Comparison

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

Different Trading Currencies

SILJ is traded in USD, while SBT.TO is traded in CAD. To make them comparable, the SBT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SILJ achieves a -6.32% return, which is significantly higher than SBT.TO's -21.60% return. Over the past 10 years, SILJ has underperformed SBT.TO with an annualized return of 6.55%, while SBT.TO has yielded a comparatively higher 10.22% annualized return.

SILJ

• 1D: 0.50%
• 1M: -16.14%
• YTD: -6.32%
• 6M: -7.86%
• 1Y: 78.43%
• 3Y*: 44.49%
• 5Y*: 13.48%
• 10Y*: 6.55%

SBT.TO

• 1D: 2.00%
• 1M: -24.94%
• YTD: -21.60%
• 6M: -26.77%
• 1Y: 51.35%
• 3Y*: 31.34%
• 5Y*: 12.23%
• 10Y*: 10.22%

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

SILJ vs. SBT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SILJ Amplify Junior Silver Miners ETF	-6.32%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%
SBT.TO Purpose Silver Bullion Fund	-21.60%	148.41%	9.30%	1.56%	-4.09%	-13.14%	51.61%	18.18%	-19.58%	-11.05%

Correlation

The correlation between SILJ and SBT.TO is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 27, 2016	0.28

Over the past year, SILJ and SBT.TO have become more correlated (0.69) than their long-term average of 0.28, meaning their price movements have been converging.

Return for Risk

SILJ vs. SBT.TO — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 41
SILJ Sharpe Ratio Rank: 44
SILJ Sortino Ratio Rank: 39
SILJ Omega Ratio Rank: 42
SILJ Calmar Ratio Rank: 46
SILJ Martin Ratio Rank: 35

SBT.TO

SBT.TO Risk / Return Rank: 28
SBT.TO Sharpe Ratio Rank: 28
SBT.TO Sortino Ratio Rank: 27
SBT.TO Omega Ratio Rank: 36
SBT.TO Calmar Ratio Rank: 25
SBT.TO Martin Ratio Rank: 22

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. SBT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Purpose Silver Bullion Fund (SBT.TO). 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	SBT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.83	+0.54
Sortino ratio: Return per unit of downside risk	1.83	1.30	+0.52
Omega ratio: Gain probability vs. loss probability	1.24	1.20	+0.04
Calmar ratio: Return relative to maximum drawdown	2.01	0.94	+1.07
Martin ratio: Return relative to average drawdown	4.72	2.13	+2.59

SILJ vs. SBT.TO - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.37, which is higher than the SBT.TO Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of SILJ and SBT.TO, 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. SBT.TO - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than SBT.TO's maximum drawdown of -54.64%. Use the drawdown chart below to compare losses from any high point for SILJ and SBT.TO.

Drawdown Indicators

	SILJ	SBT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-54.64%	-24.40%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-54.64%	+15.48%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	-54.64%	+15.48%
Max Drawdown (5Y) Largest decline over 5 years	-48.81%	-54.64%	+5.83%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-54.64%	-15.42%
Current Drawdown Current decline from peak	-35.68%	-52.60%	+16.92%
Average Drawdown Average peak-to-trough decline	-41.38%	-18.57%	-22.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.67%	24.14%	-7.47%

Volatility

SILJ vs. SBT.TO - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 20.11% compared to Purpose Silver Bullion Fund (SBT.TO) at 17.05%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than SBT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	SBT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.11%	17.05%	+3.06%
Volatility (6M) Calculated over the trailing 6-month period	48.09%	59.85%	-11.76%
Volatility (1Y) Calculated over the trailing 1-year period	57.53%	61.81%	-4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.96%	39.19%	+5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.43%	68.11%	-21.68%

SILJ vs. SBT.TO - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is higher than SBT.TO's 0.36% expense ratio.

Dividends

SILJ vs. SBT.TO - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.14%, while SBT.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBT.TO Purpose Silver Bullion Fund	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	2.14%	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 SBT.TO in my portfolio?

SILJ and SBT.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SILJ or SBT.TO?

On fees, SBT.TO is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SILJ or SBT.TO?

SBT.TO is cheaper with a 0.36% expense ratio, compared with 0.69% for SILJ.

What is the main difference between SILJ and SBT.TO?

SILJ tracks Nasdaq Junior Silver Miners Index, while SBT.TO tracks LBMA Silver Price. They also come from different issuers: Amplify and Purpose Investments. Their fees differ too: 0.69% for SILJ and 0.36% for SBT.TO.