SILJ vs. SPY
Compare and contrast key facts about ETFMG Prime Junior Silver Miners ETF (SILJ) and SPDR S&P 500 ETF (SPY).
SILJ and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SILJ is a passively managed fund by ETFMG that tracks the performance of the Prime Junior Silver Miners & Explorers Index. It was launched on Nov 28, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SILJ and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SILJ or SPY.
Key characteristics
| SILJ | SPY | |
|---|---|---|
| YTD Return | 17.50% | 26.83% |
| 1Y Return | 38.08% | 34.88% |
| 3Y Return (Ann) | -6.68% | 10.16% |
| 5Y Return (Ann) | 3.13% | 15.71% |
| 10Y Return (Ann) | 3.87% | 13.33% |
| Sharpe Ratio | 1.18 | 3.08 |
| Sortino Ratio | 1.78 | 4.10 |
| Omega Ratio | 1.21 | 1.58 |
| Calmar Ratio | 0.80 | 4.46 |
| Martin Ratio | 4.57 | 20.22 |
| Ulcer Index | 10.39% | 1.85% |
| Daily Std Dev | 40.27% | 12.18% |
| Max Drawdown | -79.04% | -55.19% |
| Current Drawdown | -39.45% | -0.26% |
Correlation
The correlation between SILJ and SPY is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SILJ vs. SPY - Performance Comparison
In the year-to-date period, SILJ achieves a 17.50% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, SILJ has underperformed SPY with an annualized return of 3.87%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SILJ vs. SPY - Expense Ratio Comparison
SILJ has a 0.69% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SILJ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Junior Silver Miners ETF (SILJ) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SILJ vs. SPY - Dividend Comparison
SILJ's dividend yield for the trailing twelve months is around 0.01%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SILJ ETFMG Prime Junior Silver Miners ETF | 0.01% | 0.01% | 0.06% | 0.36% | 1.23% | 1.45% | 1.65% | 0.00% | 0.52% | 2.45% | 0.00% | 0.10% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SILJ vs. SPY - Drawdown Comparison
The maximum SILJ drawdown since its inception was -79.04%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SILJ and SPY. For additional features, visit the drawdowns tool.
Volatility
SILJ vs. SPY - Volatility Comparison
ETFMG Prime Junior Silver Miners ETF (SILJ) has a higher volatility of 13.58% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.