SILJ vs. SLJY

Last updated Jul 14, 2026

SILJ (Amplify Junior Silver Miners ETF) and SLJY (Amplify SILJ Covered Call ETF) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while SLJY is a Derivative Income fund actively managed by Amplify. SILJ is passively managed, while SLJY is actively managed. With a 0.96 correlation, they move nearly in lockstep. SILJ charges 0.69%/yr vs 0.75%/yr for SLJY.

Performance

SILJ vs. SLJY - Performance Comparison

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

Returns By Period

In the year-to-date period, SILJ achieves a -10.77% return, which is significantly lower than SLJY's -8.18% return.

SILJ

• 1D: -2.91%
• 1M: -9.16%
• 6M: -23.35%
• YTD: -10.77%
• 1Y: 59.11%
• 3Y*: 37.89%
• 5Y*: 13.01%
• 10Y*: 5.08%

SLJY

• 1D: -2.40%
• 1M: -8.44%
• 6M: -18.96%
• YTD: -8.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SILJ vs. SLJY - Yearly Performance Comparison

	2026 (YTD)	2025
SILJ Amplify Junior Silver Miners ETF	-10.77%	67.20%
SLJY Amplify SILJ Covered Call ETF	-8.18%	42.11%

Correlation

The correlation between SILJ and SLJY is 0.96 - 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 (All Time) Calculated using the full available price history since Aug 19, 2025	0.96

Return for Risk

SILJ vs. SLJY — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 35
SILJ Sharpe Ratio Rank: 36
SILJ Sortino Ratio Rank: 35
SILJ Omega Ratio Rank: 37
SILJ Calmar Ratio Rank: 37
SILJ Martin Ratio Rank: 29

SLJY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SLJY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Amplify SILJ Covered Call ETF (SLJY). 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	SLJY	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.54	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.51	—	—
Martin ratio: Return relative to average drawdown	3.31	—	—

Drawdowns

SILJ vs. SLJY - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than SLJY's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for SILJ and SLJY.

Drawdown Indicators

	SILJ	SLJY	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-33.74%	-45.30%
Max Drawdown (1Y) Largest decline over 1 year	-39.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-39.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	—	—
Current Drawdown Current decline from peak	-38.73%	-33.21%	-5.52%
Average Drawdown Average peak-to-trough decline	-41.37%	-11.85%	-29.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.89%	—	—

Volatility

Volatility by Period

	SILJ	SLJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.76%	49.79%	+7.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.05%	49.79%	-4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.39%	49.79%	-3.40%

SILJ vs. SLJY - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is lower than SLJY's 0.75% expense ratio.

Dividends

SILJ vs. SLJY - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.24%, less than SLJY's 22.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SILJ Amplify Junior Silver Miners ETF	2.24%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%
SLJY Amplify SILJ Covered Call ETF	22.17%	6.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SILJ and SLJY in my portfolio?

With a correlation of 0.96, SILJ and SLJY 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 ETF is better, SILJ or SLJY?

On fees, SILJ is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SILJ or SLJY?

SILJ is cheaper with a 0.69% expense ratio, compared with 0.75% for SLJY.

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

SLJY has the higher dividend yield at 22.17%, compared with 2.24% for SILJ.

What is the main difference between SILJ and SLJY?

SILJ is categorized as Silver, while SLJY is Derivative Income. Their fees differ too: 0.69% for SILJ and 0.75% for SLJY.