SLJY vs. MMA.AX

Last updated Jun 4, 2026

SLJY (Amplify SILJ Covered Call ETF) is Derivative Income fund actively managed by Amplify, while MMA.AX (Maronan Metals Limited) is a stock. At a 0.20 correlation, their price movements are largely independent.

Performance

SLJY vs. MMA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify SILJ Covered Call ETF (SLJY) and Maronan Metals Limited (MMA.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SLJY is traded in USD, while MMA.AX is traded in AUD. To make them comparable, the MMA.AX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SLJY achieves a 7.71% return, which is significantly higher than MMA.AX's -0.82% return.

SLJY

• 1D: -4.01%
• 1M: 3.34%
• YTD: 7.71%
• 6M: 15.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MMA.AX

• 1D: -1.77%
• 1M: 25.13%
• YTD: -0.82%
• 6M: 18.63%
• 1Y: 87.04%
• 3Y*: 22.31%
• 5Y*: —
• 10Y*: —

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

SLJY vs. MMA.AX - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	7.71%	43.38%
MMA.AX Maronan Metals Limited	-0.82%	80.97%

Correlation

The correlation between SLJY and MMA.AX is 0.20, 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 20, 2025	0.20

Return for Risk

SLJY vs. MMA.AX — Risk / Return Rank

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

MMA.AX

MMA.AX Risk / Return Rank: 66
MMA.AX Sharpe Ratio Rank: 66
MMA.AX Sortino Ratio Rank: 69
MMA.AX Omega Ratio Rank: 64
MMA.AX Calmar Ratio Rank: 66
MMA.AX Martin Ratio Rank: 63

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. MMA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) and Maronan Metals Limited (MMA.AX). 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.

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

Sharpe Ratios by Period

	SLJY	MMA.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.05	+1.44

Drawdowns

SLJY vs. MMA.AX - Drawdown Comparison

The maximum SLJY drawdown since its inception was -30.60%, smaller than the maximum MMA.AX drawdown of -56.69%. Use the drawdown chart below to compare losses from any high point for SLJY and MMA.AX.

Drawdown Indicators

	SLJY	MMA.AX	Difference
Max Drawdown Largest peak-to-trough decline	-30.60%	-56.69%	+26.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-54.63%	—
Current Drawdown Current decline from peak	-21.65%	-40.63%	+18.98%
Average Drawdown Average peak-to-trough decline	-9.60%	-36.89%	+27.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.85%	—

Volatility

Volatility by Period

	SLJY	MMA.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	72.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.59%	90.51%	-40.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.59%	77.04%	-27.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.59%	77.04%	-27.45%

Dividends

SLJY vs. MMA.AX - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 16.71%, while MMA.AX has not paid dividends to shareholders.

Position	TTM	2025
MMA.AX Maronan Metals Limited	0.00%	0.00%
SLJY Amplify SILJ Covered Call ETF	16.71%	6.26%

Frequently Asked Questions

Can I hold both SLJY and MMA.AX in my portfolio?

SLJY and MMA.AX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.