SILJ vs. SIL

Last updated Jun 20, 2026

SILJ (Amplify Junior Silver Miners ETF) and SIL (Global X Silver Miners ETF) are both Silver funds - SILJ tracks the Nasdaq Junior Silver Miners Index while SIL tracks the Solactive Global Silver Miners Total Return Index. Both are passively managed. Over the past 10 years, SILJ returned 9.07%/yr vs 9.54%/yr for SIL. Their correlation of 0.91 suggests significant overlap in exposure. SILJ charges 0.69%/yr vs 0.65%/yr for SIL.

Performance

SILJ vs. SIL - Performance Comparison

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

Returns By Period

In the year-to-date period, SILJ achieves a 0.90% return, which is significantly higher than SIL's 0.25% return. Over the past 10 years, SILJ has underperformed SIL with an annualized return of 9.07%, while SIL has yielded a comparatively higher 9.54% annualized return.

SILJ

• 1D: -2.34%
• 1M: -4.87%
• YTD: 0.90%
• 6M: -0.02%
• 1Y: 91.55%
• 3Y*: 46.72%
• 5Y*: 14.71%
• 10Y*: 9.07%

SIL

• 1D: -2.58%
• 1M: -6.53%
• YTD: 0.25%
• 6M: -0.12%
• 1Y: 74.75%
• 3Y*: 47.75%
• 5Y*: 15.51%
• 10Y*: 9.54%

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

SILJ vs. SIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SILJ Amplify Junior Silver Miners ETF	0.90%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%
SIL Global X Silver Miners ETF	0.25%	166.16%	14.62%	1.31%	-22.83%	-18.35%	40.30%	34.78%	-22.42%	1.67%

Correlation

The correlation between SILJ and SIL is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.91

The correlation between SILJ and SIL has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.

SILJ vs. SIL - Sectors Allocation Comparison

Sectors	SILJ	SIL
Basic Materials	99.8%	99.8%
Financial Services	0.3%	-
Consumer Defensive	0.2%	0.2%
Communication Services	0.0%	-
Consumer Cyclical	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SILJ vs. SIL — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 44
SILJ Sharpe Ratio Rank: 49
SILJ Sortino Ratio Rank: 41
SILJ Omega Ratio Rank: 44
SILJ Calmar Ratio Rank: 50
SILJ Martin Ratio Rank: 39

SIL

SIL Risk / Return Rank: 39
SIL Sharpe Ratio Rank: 42
SIL Sortino Ratio Rank: 37
SIL Omega Ratio Rank: 40
SIL Calmar Ratio Rank: 42
SIL Martin Ratio Rank: 36

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. SIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Global X Silver Miners ETF (SIL). 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	SIL	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.44	+0.17
Sortino ratio: Return per unit of downside risk	2.02	1.85	+0.17
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	2.35	2.03	+0.32
Martin ratio: Return relative to average drawdown	5.90	5.24	+0.65

SILJ vs. SIL - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.61, which is comparable to the SIL Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of SILJ and SIL, 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. SIL - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, roughly equal to the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for SILJ and SIL.

Drawdown Indicators

	SILJ	SIL	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-82.99%	+3.95%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-37.08%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	-37.08%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	-48.94%	-49.95%	+1.01%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-63.04%	-7.02%
Current Drawdown Current decline from peak	-30.72%	-29.06%	-1.66%
Average Drawdown Average peak-to-trough decline	-41.39%	-51.38%	+9.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.58%	14.30%	+1.28%

Volatility

SILJ vs. SIL - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 20.19% compared to Global X Silver Miners ETF (SIL) at 19.14%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	SIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.19%	19.14%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	47.73%	44.10%	+3.63%
Volatility (1Y) Calculated over the trailing 1-year period	57.17%	52.33%	+4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.83%	39.75%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.45%	39.86%	+6.59%

SILJ vs. SIL - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is higher than SIL's 0.65% expense ratio.

Dividends

SILJ vs. SIL - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 1.98%, more than SIL's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIL Global X Silver Miners ETF	1.18%	1.18%	2.40%	0.59%	0.48%	1.59%	1.92%	1.53%	1.21%	0.02%	3.34%	0.38%
SILJ Amplify Junior Silver Miners ETF	1.98%	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 SIL in my portfolio?

With a correlation of 0.98, SILJ and SIL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SILJ or SIL?

SILJ has higher volatility (20.19%) compared to SIL (19.14%). In terms of maximum drawdown, SILJ dropped -79.04% vs SIL's -82.99%.

Which ETF is better, SILJ or SIL?

On 10-year performance, SIL leads with 9.54% vs 9.07% for SILJ. On fees, SIL is cheaper at 0.65% per year. On volatility, SIL has been the lower-risk option at 19.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SILJ or SIL?

Over the 10-year period, SIL has performed better with a 9.54% return vs 9.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SILJ or SIL?

SIL is cheaper with a 0.65% expense ratio, compared with 0.69% for SILJ.

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

SILJ has the higher dividend yield at 1.98%, compared with 1.18% for SIL.

What is the main difference between SILJ and SIL?

SILJ tracks Nasdaq Junior Silver Miners Index, while SIL tracks Solactive Global Silver Miners Total Return Index. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.69% for SILJ and 0.65% for SIL.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (1.61 vs 1.44), 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.