SILJ vs. SLVR

Last updated Jun 24, 2026

SILJ (Amplify Junior Silver Miners ETF) and SLVR (Sprott Silver Miners & Physical Silver ETF) are both Silver funds - SILJ tracks the Nasdaq Junior Silver Miners Index while SLVR tracks the Nasdaq Sprott Silver Miners™ Index. Both are passively managed. Over the past year, SILJ returned 80.90% vs 74.96% for SLVR. With a 0.97 correlation, they move nearly in lockstep. SILJ charges 0.69%/yr vs 0.65%/yr for SLVR.

Performance

SILJ vs. SLVR - Performance Comparison

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

Returns By Period

In the year-to-date period, SILJ achieves a -5.93% return, which is significantly higher than SLVR's -10.65% return.

SILJ

• 1D: -5.76%
• 1M: -9.71%
• YTD: -5.93%
• 6M: -10.68%
• 1Y: 80.90%
• 3Y*: 45.63%
• 5Y*: 13.14%
• 10Y*: 8.20%

SLVR

• 1D: -6.24%
• 1M: -15.79%
• YTD: -10.65%
• 6M: -13.23%
• 1Y: 74.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SILJ vs. SLVR - Yearly Performance Comparison

	2026 (YTD)	2025
SILJ Amplify Junior Silver Miners ETF	-5.93%	167.46%
SLVR Sprott Silver Miners & Physical Silver ETF	-10.65%	171.53%

Correlation

The correlation between SILJ and SLVR is 0.97 - 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	0.97
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.97

The correlation between SILJ and SLVR has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

SILJ vs. SLVR — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 39
SILJ Sharpe Ratio Rank: 41
SILJ Sortino Ratio Rank: 37
SILJ Omega Ratio Rank: 40
SILJ Calmar Ratio Rank: 43
SILJ Martin Ratio Rank: 35

SLVR

SLVR Risk / Return Rank: 34
SLVR Sharpe Ratio Rank: 35
SLVR Sortino Ratio Rank: 33
SLVR Omega Ratio Rank: 35
SLVR Calmar Ratio Rank: 38
SLVR Martin Ratio Rank: 31

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. SLVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Sprott Silver Miners & Physical Silver ETF (SLVR). 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	SLVR	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.17	+0.24
Sortino ratio: Return per unit of downside risk	1.86	1.68	+0.19
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.03
Calmar ratio: Return relative to maximum drawdown	2.08	1.81	+0.27
Martin ratio: Return relative to average drawdown	5.12	4.32	+0.80

SILJ vs. SLVR - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.42, which is comparable to the SLVR Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of SILJ and SLVR, 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. SLVR - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than SLVR's maximum drawdown of -41.59%. Use the drawdown chart below to compare losses from any high point for SILJ and SLVR.

Drawdown Indicators

	SILJ	SLVR	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-41.59%	-37.45%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-41.59%	+2.43%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	—	—
Current Drawdown Current decline from peak	-35.41%	-40.19%	+4.78%
Average Drawdown Average peak-to-trough decline	-41.39%	-10.16%	-31.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.86%	17.43%	-1.57%

Volatility

SILJ vs. SLVR - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) and Sprott Silver Miners & Physical Silver ETF (SLVR) have volatilities of 20.52% and 21.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	SLVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.52%	21.36%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	48.11%	53.78%	-5.67%
Volatility (1Y) Calculated over the trailing 1-year period	57.43%	64.17%	-6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.93%	58.98%	-14.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.51%	58.98%	-12.47%

SILJ vs. SLVR - Expense Ratio Comparison

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

Dividends

SILJ vs. SLVR - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.13%, less than SLVR's 4.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SILJ Amplify Junior Silver Miners ETF	2.13%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%
SLVR Sprott Silver Miners & Physical Silver ETF	4.12%	3.68%	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 SLVR in my portfolio?

With a correlation of 0.97, SILJ and SLVR 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 SLVR?

SLVR has higher volatility (21.36%) compared to SILJ (20.52%). In terms of maximum drawdown, SILJ dropped -79.04% vs SLVR's -41.59%.

Which ETF is better, SILJ or SLVR?

On 1-year performance, SILJ leads with 80.90% vs 74.96% for SLVR. On fees, SLVR is cheaper at 0.65% per year. On volatility, SILJ has been the lower-risk option at 20.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SILJ or SLVR?

Over the 1-year period, SILJ has performed better with a 80.90% return vs 74.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SILJ or SLVR?

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

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

SLVR has the higher dividend yield at 4.12%, compared with 2.13% for SILJ.

What is the main difference between SILJ and SLVR?

SILJ tracks Nasdaq Junior Silver Miners Index, while SLVR tracks Nasdaq Sprott Silver Miners™ Index. They also come from different issuers: Amplify and Sprott. Their fees differ too: 0.69% for SILJ and 0.65% for SLVR.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (1.42 vs 1.17), 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.