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SILJ vs. ZWU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SILJ vs. ZWU.TO

Last updated Jul 21, 2026
Documentation

SILJ (Amplify Junior Silver Miners ETF) and ZWU.TO (BMO Covered Call Utilities ETF) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while ZWU.TO is a Utilities Equities fund actively managed by BMO. SILJ is passively managed, while ZWU.TO is actively managed. Over the past 10 years, SILJ returned 5.23%/yr vs 5.01%/yr for ZWU.TO. At a 0.17 correlation, their price movements are largely independent. SILJ charges 0.69%/yr vs 0.65%/yr for ZWU.TO.

Performance

SILJ vs. ZWU.TO - Performance Comparison

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

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Different Trading Currencies

SILJ is traded in USD, while ZWU.TO is traded in CAD. To make them comparable, the ZWU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SILJ achieves a -14.24% return, which is significantly lower than ZWU.TO's 8.96% return. Both investments have delivered pretty close results over the past 10 years, with SILJ having a 5.23% annualized return and ZWU.TO not far behind at 5.01%.

SILJ

1D
-0.25%
1M
-15.01%
6M
-29.16%
YTD
-14.24%
1Y
61.72%
3Y*
36.21%
5Y*
13.63%
10Y*
5.23%
ALL TIME*
2.39%

ZWU.TO

1D
-0.12%
1M
1.20%
6M
9.79%
YTD
8.96%
1Y
12.82%
3Y*
8.90%
5Y*
4.17%
10Y*
5.01%
ALL TIME*
3.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SILJ vs. ZWU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SILJ
Amplify Junior Silver Miners ETF		-14.24%183.89%6.39%-5.21%-15.42%-23.21%33.00%57.06%-27.95%-5.65%
ZWU.TO
BMO Covered Call Utilities ETF		8.96%18.60%2.31%-0.43%-9.61%15.86%-4.84%28.78%-13.04%13.30%

Correlation

The correlation between SILJ and ZWU.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Nov 29, 2012

0.17

The correlation between SILJ and ZWU.TO shifts across timeframes, from 0.07 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.

SILJ vs. ZWU.TO - Sectors Allocation Comparison

Sectors
SILJ
ZWU.TO

Basic Materials

99.8%

-

Financial Services

0.3%
5.2%

Consumer Defensive

0.2%

-

Communication Services

0.0%
19.3%

Consumer Cyclical

-

-

Energy

-

24.1%

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

50.6%

Basic Materials

SILJ
99.8%
ZWU.TO

-

Financial Services

SILJ
0.3%
ZWU.TO
5.2%

Consumer Defensive

SILJ
0.2%
ZWU.TO

-

Communication Services

SILJ
0.0%
ZWU.TO
19.3%

Consumer Cyclical

SILJ

-

ZWU.TO

-

Energy

SILJ

-

ZWU.TO
24.1%

Healthcare

SILJ

-

ZWU.TO

-

Industrials

SILJ

-

ZWU.TO

-

Real Estate

SILJ

-

ZWU.TO

-

Technology

SILJ

-

ZWU.TO

-

Utilities

SILJ

-

ZWU.TO
50.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amplify Junior Silver Miners ETF

BMO Covered Call Utilities ETF

Often compared with SILJ:
SILJ vs. SILSILJ vs. SLVSILJ vs. GDXJSILJ vs. AGQSILJ vs. SLVR.LSILJ vs. SILG.LSILJ vs. SILV
Often compared with ZWU.TO:
ZWU.TO vs. ZUT.TOZWU.TO vs. UMAX.TOZWU.TO vs. UTES.TOZWU.TO vs. ZWC.TOZWU.TO vs. HUTE.TOZWU.TO vs. PAYF.TOZWU.TO vs. SYLD.TO

Return for Risk

SILJ vs. ZWU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SILJ
SILJ Risk / Return Rank: 3737
Overall Rank
SILJ Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
SILJ Sortino Ratio Rank: 3838
Sortino Ratio Rank
SILJ Omega Ratio Rank: 4040
Omega Ratio Rank
SILJ Calmar Ratio Rank: 3838
Calmar Ratio Rank
SILJ Martin Ratio Rank: 3131
Martin Ratio Rank
ZWU.TO
ZWU.TO Risk / Return Rank: 7575
Overall Rank
ZWU.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ZWU.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
ZWU.TO Omega Ratio Rank: 7575
Omega Ratio Rank
ZWU.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
ZWU.TO Martin Ratio Rank: 6464
Martin Ratio Rank
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. ZWU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) and BMO Covered Call Utilities ETF (ZWU.TO). 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.

SILJZWU.TODifference
Sharpe ratioReturn per unit of total volatility
1.07
1.40

-0.32

Sortino ratioReturn per unit of downside risk
1.57
2.03

-0.45

Omega ratioGain probability vs. loss probability

1.21

1.24

-0.03

Calmar ratioReturn relative to maximum drawdown

1.51

2.13

-0.62

Martin ratioReturn relative to average drawdown

3.30

6.55

-3.24

SILJ vs. ZWU.TO - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 1.07, which is comparable to the ZWU.TO Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of SILJ and ZWU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SILJ vs. ZWU.TO - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than ZWU.TO's maximum drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for SILJ and ZWU.TO.

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Drawdown Indicators

SILJZWU.TODifference

Max Drawdown

Largest peak-to-trough decline

-79.04%

-42.71%

-36.33%

Max Drawdown (1Y)

Largest decline over 1 year

-41.12%

-6.04%

-35.08%

Max Drawdown (3Y)

Largest decline over 3 years

-41.12%

-15.36%

-25.76%

Max Drawdown (5Y)

Largest decline over 5 years

-48.29%

-29.70%

-18.59%

Max Drawdown (10Y)

Largest decline over 10 years

-70.06%

-42.71%

-27.35%

Current Drawdown

Current decline from peak

-41.12%

-2.76%

-38.36%

Average Drawdown

Average peak-to-trough decline

-41.36%

-11.11%

-30.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.73%

1.96%

+16.77%

Volatility

SILJ vs. ZWU.TO - Volatility Comparison

Amplify Junior Silver Miners ETF (SILJ) has a higher volatility of 13.31% compared to BMO Covered Call Utilities ETF (ZWU.TO) at 3.63%. This indicates that SILJ's price experiences larger fluctuations and is considered to be riskier than ZWU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SILJZWU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.31%

3.63%

+9.68%

Volatility (6M)

Calculated over the trailing 6-month period

47.78%

7.62%

+40.16%

Volatility (1Y)

Calculated over the trailing 1-year period

57.99%

9.23%

+48.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.00%

12.44%

+32.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46.34%

15.81%

+30.53%

SILJ vs. ZWU.TO - Expense Ratio Comparison

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

Dividends

SILJ vs. ZWU.TO - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.34%, less than ZWU.TO's 7.05% yield.

PositionTTM20252024202320222021202020192018201720162015
SILJ
Amplify Junior Silver Miners ETF		2.34%2.00%7.26%0.01%0.05%0.36%1.23%1.45%1.66%0.00%0.52%2.46%
ZWU.TO
BMO Covered Call Utilities ETF		7.05%7.59%7.96%8.54%8.35%7.43%7.94%6.29%6.84%6.46%6.77%7.57%

Frequently Asked Questions

SILJ and ZWU.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZWU.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

SILJ is categorized as Silver, while ZWU.TO is Utilities Equities. They also come from different issuers: Amplify and BMO. Their fees differ too: 0.69% for SILJ and 0.65% for ZWU.TO.

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