SILJ vs. SLVP

Last updated Jun 4, 2026

SILJ (Amplify Junior Silver Miners ETF) and SLVP (iShares MSCI Global Silver and Metals Miners ETF) are both Silver funds - SILJ tracks the Nasdaq Junior Silver Miners Index while SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index. Both are passively managed. Over the past 10 years, SILJ returned 10.08%/yr vs 13.67%/yr for SLVP. Their correlation of 0.89 suggests significant overlap in exposure. SILJ charges 0.69%/yr vs 0.39%/yr for SLVP.

Performance

SILJ vs. SLVP - Performance Comparison

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

Returns By Period

In the year-to-date period, SILJ achieves a 6.61% return, which is significantly higher than SLVP's 2.25% return. Over the past 10 years, SILJ has underperformed SLVP with an annualized return of 10.08%, while SLVP has yielded a comparatively higher 13.67% annualized return.

SILJ

• 1D: -5.24%
• 1M: 2.57%
• YTD: 6.61%
• 6M: 16.40%
• 1Y: 111.95%
• 3Y*: 47.77%
• 5Y*: 13.13%
• 10Y*: 10.08%

SLVP

• 1D: -5.14%
• 1M: 1.42%
• YTD: 2.25%
• 6M: 13.09%
• 1Y: 112.07%
• 3Y*: 52.07%
• 5Y*: 15.97%
• 10Y*: 13.67%

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

SILJ vs. SLVP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%
SLVP iShares MSCI Global Silver and Metals Miners ETF	2.25%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%

Correlation

The correlation between SILJ and SLVP 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 30, 2012	0.89

The correlation between SILJ and SLVP has been stable across timeframes, ranging from 0.89 to 0.98 - a consistent structural relationship.

SILJ vs. SLVP - Sectors Allocation Comparison

Sectors	SILJ	SLVP
Basic Materials	99.8%	100.0%
Financial Services	0.3%	-
Consumer Defensive	0.2%	-
Communication Services	0.0%	-
Consumer Cyclical	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SILJ vs. SLVP — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 54
SILJ Sharpe Ratio Rank: 59
SILJ Sortino Ratio Rank: 46
SILJ Omega Ratio Rank: 51
SILJ Calmar Ratio Rank: 64
SILJ Martin Ratio Rank: 47

SLVP

SLVP Risk / Return Rank: 55
SLVP Sharpe Ratio Rank: 62
SLVP Sortino Ratio Rank: 48
SLVP Omega Ratio Rank: 51
SLVP Calmar Ratio Rank: 66
SLVP Martin Ratio Rank: 50

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. SLVP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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.

	SILJ	SLVP	Difference
Sharpe ratio Return per unit of total volatility	2.05	2.12	-0.07
Sortino ratio Return per unit of downside risk	2.35	2.40	-0.05
Omega ratio Gain probability vs. loss probability	1.32	1.33	0.00
Calmar ratio Return relative to maximum drawdown	3.24	3.36	-0.11
Martin ratio Return relative to average drawdown	7.99	8.53	-0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SILJ vs. SLVP - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 2.05, which is comparable to the SLVP Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of SILJ and SLVP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SILJ	SLVP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.12	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.38	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.32	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.09	0.00

Drawdowns

SILJ vs. SLVP - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, roughly equal to the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for SILJ and SLVP.

Drawdown Indicators

	SILJ	SLVP	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-80.47%	+1.43%
Max Drawdown (1Y) Largest decline over 1 year	-34.71%	-33.57%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-34.71%	-33.57%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-55.47%	-54.78%	-0.69%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-62.03%	-8.03%
Current Drawdown Current decline from peak	-26.80%	-26.25%	-0.55%
Average Drawdown Average peak-to-trough decline	-41.43%	-46.82%	+5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.06%	13.18%	+0.88%

Volatility

SILJ vs. SLVP - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 18.69% compared to iShares MSCI Global Silver and Metals Miners ETF (SLVP) at 17.59%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	SLVP	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.69%	17.59%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	45.24%	43.22%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	54.90%	53.06%	+1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.35%	42.76%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.24%	42.24%	+4.00%

SILJ vs. SLVP - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is higher than SLVP's 0.39% expense ratio.

Dividends

SILJ vs. SLVP - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 1.88%, more than SLVP's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SILJ Amplify Junior Silver Miners ETF	1.88%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%
SLVP iShares MSCI Global Silver and Metals Miners ETF	1.74%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%

Frequently Asked Questions

Can I hold both SILJ and SLVP in my portfolio?

With a correlation of 0.98, SILJ and SLVP 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 SLVP?

SILJ has higher volatility (18.69%) compared to SLVP (17.59%). In terms of maximum drawdown, SILJ dropped -79.04% vs SLVP's -80.47%.

Which ETF is better, SILJ or SLVP?

On 10-year performance, SLVP leads with 13.67% vs 10.08% for SILJ. On fees, SLVP is cheaper at 0.39% per year. On volatility, SLVP has been the lower-risk option at 17.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SILJ or SLVP?

Over the 10-year period, SLVP has performed better with a 13.67% return vs 10.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SILJ or SLVP?

SLVP is cheaper with a 0.39% expense ratio, compared with 0.69% for SILJ.

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

SILJ has the higher dividend yield at 1.88%, compared with 1.74% for SLVP.

What is the main difference between SILJ and SLVP?

SILJ tracks Nasdaq Junior Silver Miners Index, while SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.69% for SILJ and 0.39% for SLVP.

Which has better risk-adjusted returns?

SLVP currently has the higher Sharpe Ratio (2.12 vs 2.05), 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.