SLJY vs. SIL

Last updated Jun 4, 2026

SLJY (Amplify SILJ Covered Call ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - SLJY is a Derivative Income fund actively managed by Amplify, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. SLJY is actively managed, while SIL is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. SLJY charges 0.75%/yr vs 0.65%/yr for SIL.

Performance

SLJY vs. SIL - Performance Comparison

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

Returns By Period

In the year-to-date period, SLJY achieves a 7.71% return, which is significantly higher than SIL's 4.75% return.

SLJY

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

SIL

• 1D: -4.96%
• 1M: 0.68%
• YTD: 4.75%
• 6M: 15.66%
• 1Y: 91.23%
• 3Y*: 49.15%
• 5Y*: 13.96%
• 10Y*: 10.69%

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

SLJY vs. SIL - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	7.71%	43.38%
SIL Global X Silver Miners ETF	4.75%	62.34%

Correlation

The correlation between SLJY and SIL is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.94

Return for Risk

SLJY vs. SIL — Risk / Return Rank

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

SIL

SIL Risk / Return Rank: 48
SIL Sharpe Ratio Rank: 52
SIL Sortino Ratio Rank: 43
SIL Omega Ratio Rank: 46
SIL Calmar Ratio Rank: 55
SIL Martin Ratio Rank: 43

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. SIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) and Global X Silver Miners ETF (SIL). 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	SIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.83	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.14	+1.36

Drawdowns

SLJY vs. SIL - Drawdown Comparison

The maximum SLJY drawdown since its inception was -30.60%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for SLJY and SIL.

Drawdown Indicators

	SLJY	SIL	Difference
Max Drawdown Largest peak-to-trough decline	-30.60%	-82.99%	+52.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-32.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.04%	—
Current Drawdown Current decline from peak	-21.65%	-25.87%	+4.22%
Average Drawdown Average peak-to-trough decline	-9.60%	-51.45%	+41.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.82%	—

Volatility

Volatility by Period

	SLJY	SIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	41.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.59%	50.01%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.59%	39.21%	+10.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.59%	39.60%	+9.99%

SLJY vs. SIL - Expense Ratio Comparison

SLJY has a 0.75% expense ratio, which is higher than SIL's 0.65% expense ratio.

Dividends

SLJY vs. SIL - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 16.71%, more than SIL's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIL Global X Silver Miners ETF	1.13%	1.18%	2.40%	0.59%	0.48%	1.59%	1.92%	1.53%	1.21%	0.02%	3.34%	0.38%
SLJY Amplify SILJ Covered Call ETF	16.71%	6.26%	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 SLJY and SIL in my portfolio?

With a correlation of 0.94, SLJY and SIL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SLJY or SIL?

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

Which ETF is cheaper, SLJY or SIL?

SIL is cheaper with a 0.65% expense ratio, compared with 0.75% for SLJY.

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

SLJY has the higher dividend yield at 16.71%, compared with 1.13% for SIL.

What is the main difference between SLJY and SIL?

SLJY is categorized as Derivative Income, while SIL is Silver. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.75% for SLJY and 0.65% for SIL.