SILJ vs. SPPP.L

Last updated Jul 1, 2026

SILJ (Amplify Junior Silver Miners ETF) and SPPP.L (Invesco Physical Platinum) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while SPPP.L is a Precious Metals fund tracking the Platinum. Both are passively managed. Over the past 10 years, SILJ returned 6.55%/yr vs 3.71%/yr for SPPP.L. At a 0.48 correlation, their price movements are largely independent. SILJ charges 0.69%/yr vs 0.19%/yr for SPPP.L.

Performance

SILJ vs. SPPP.L - Performance Comparison

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

Different Trading Currencies

SILJ is traded in USD, while SPPP.L is traded in GBp. To make them comparable, the SPPP.L 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 SPPP.L's -22.18% return. Over the past 10 years, SILJ has outperformed SPPP.L with an annualized return of 6.55%, while SPPP.L has yielded a comparatively lower 3.71% 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%

SPPP.L

• 1D: -1.72%
• 1M: -19.09%
• YTD: -22.18%
• 6M: -29.47%
• 1Y: 16.70%
• 3Y*: 19.32%
• 5Y*: 7.36%
• 10Y*: 3.71%

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

SILJ vs. SPPP.L - 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%
SPPP.L Invesco Physical Platinum	-22.18%	120.27%	-9.95%	-5.99%	10.75%	-11.16%	10.33%	22.39%	-15.05%	1.98%

Correlation

The correlation between SILJ and SPPP.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014	0.48

The correlation between SILJ and SPPP.L shifts across timeframes, from 0.48 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SILJ vs. SPPP.L — 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

SPPP.L

SPPP.L Risk / Return Rank: 16
SPPP.L Sharpe Ratio Rank: 16
SPPP.L Sortino Ratio Rank: 17
SPPP.L Omega Ratio Rank: 19
SPPP.L Calmar Ratio Rank: 15
SPPP.L Martin Ratio Rank: 14

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. SPPP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and Invesco Physical Platinum (SPPP.L). 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	SPPP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.35	+1.02
Sortino ratio: Return per unit of downside risk	1.83	0.76	+1.06
Omega ratio: Gain probability vs. loss probability	1.24	1.10	+0.14
Calmar ratio: Return relative to maximum drawdown	2.01	0.37	+1.65
Martin ratio: Return relative to average drawdown	4.72	0.83	+3.89

SILJ vs. SPPP.L - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.37, which is higher than the SPPP.L Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of SILJ and SPPP.L, 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. SPPP.L - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than SPPP.L's maximum drawdown of -62.33%. Use the drawdown chart below to compare losses from any high point for SILJ and SPPP.L.

Drawdown Indicators

	SILJ	SPPP.L	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-62.33%	-16.71%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	-45.13%	+5.97%
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	-45.13%	+5.97%
Max Drawdown (5Y) Largest decline over 5 years	-48.81%	-45.13%	-3.68%
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	-51.31%	-18.75%
Current Drawdown Current decline from peak	-35.68%	-45.13%	+9.45%
Average Drawdown Average peak-to-trough decline	-41.38%	-34.84%	-6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.67%	20.11%	-3.44%

Volatility

SILJ vs. SPPP.L - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 20.11% compared to Invesco Physical Platinum (SPPP.L) at 10.96%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than SPPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SILJ	SPPP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.11%	10.96%	+9.15%
Volatility (6M) Calculated over the trailing 6-month period	48.09%	41.26%	+6.83%
Volatility (1Y) Calculated over the trailing 1-year period	57.53%	47.76%	+9.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.96%	32.49%	+12.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.43%	29.35%	+17.08%

SILJ vs. SPPP.L - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is higher than SPPP.L's 0.19% expense ratio.

Dividends

SILJ vs. SPPP.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPPP.L Invesco Physical Platinum	0.00%	0.00%	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 SPPP.L in my portfolio?

SILJ and SPPP.L have a correlation of 0.58, 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 SPPP.L?

On fees, SPPP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SILJ or SPPP.L?

SPPP.L is cheaper with a 0.19% expense ratio, compared with 0.69% for SILJ.

What is the main difference between SILJ and SPPP.L?

SILJ is categorized as Silver, while SPPP.L is Precious Metals. SILJ tracks Nasdaq Junior Silver Miners Index, while SPPP.L tracks Platinum. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.69% for SILJ and 0.19% for SPPP.L.