SLJY vs. AIEQ

Last updated Jul 17, 2026

SLJY (Amplify SILJ Covered Call ETF) and AIEQ (Amplify AI Powered Equity ETF) are both exchange-traded funds - SLJY is a Derivative Income fund actively managed by Amplify, while AIEQ is a Large Cap Growth Equities fund tracking the AI Powered Equity Index. SLJY is actively managed, while AIEQ is passively managed. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

SLJY vs. AIEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify SILJ Covered Call ETF (SLJY) and Amplify AI Powered Equity ETF (AIEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLJY achieves a -10.42% return, which is significantly lower than AIEQ's 11.43% return.

SLJY

• 1D: -3.80%
• 1M: -14.97%
• 6M: -22.59%
• YTD: -10.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIEQ

• 1D: -0.29%
• 1M: 1.20%
• 6M: 10.12%
• YTD: 11.43%
• 1Y: 18.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLJY vs. AIEQ - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	-10.42%	42.11%
AIEQ Amplify AI Powered Equity ETF	11.43%	3.16%

Correlation

The correlation between SLJY and AIEQ is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.44

Return for Risk

SLJY vs. AIEQ — Risk / Return Rank

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

SLJY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AIEQ

AIEQ Risk / Return Rank: 52
AIEQ Sharpe Ratio Rank: 52
AIEQ Sortino Ratio Rank: 49
AIEQ Omega Ratio Rank: 51
AIEQ Calmar Ratio Rank: 50
AIEQ Martin Ratio Rank: 56

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.

SLJY vs. AIEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) and Amplify AI Powered Equity ETF (AIEQ). 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.

	SLJY	AIEQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.46	—
Sortino ratio: Return per unit of downside risk	—	2.02	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.04	—
Martin ratio: Return relative to average drawdown	—	7.64	—

Drawdowns

SLJY vs. AIEQ - Drawdown Comparison

The maximum SLJY drawdown since its inception was -34.84%, which is greater than AIEQ's maximum drawdown of -24.19%. Use the drawdown chart below to compare losses from any high point for SLJY and AIEQ.

Drawdown Indicators

	SLJY	AIEQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.84%	-24.19%	-10.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.11%	—
Current Drawdown Current decline from peak	-34.84%	-0.29%	-34.55%
Average Drawdown Average peak-to-trough decline	-12.13%	-3.22%	-8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.43%	—

Volatility

Volatility by Period

	SLJY	AIEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.68%	12.78%	+36.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.68%	19.25%	+30.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.68%	19.25%	+30.43%

SLJY vs. AIEQ - Expense Ratio Comparison

Both SLJY and AIEQ have an expense ratio of 0.75%.

Dividends

SLJY vs. AIEQ - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 22.72%, more than AIEQ's 0.39% yield.

Position	TTM	2025	2024
AIEQ Amplify AI Powered Equity ETF	0.39%	0.43%	0.65%
SLJY Amplify SILJ Covered Call ETF	22.72%	6.26%	0.00%

Frequently Asked Questions

Can I hold both SLJY and AIEQ in my portfolio?

SLJY and AIEQ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLJY or AIEQ?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLJY or AIEQ?

SLJY and AIEQ have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, SLJY or AIEQ?

SLJY has the higher dividend yield at 22.72%, compared with 0.39% for AIEQ.

What is the main difference between SLJY and AIEQ?

SLJY is categorized as Derivative Income, while AIEQ is Large Cap Growth Equities.