SLJY vs. SILJ

Last updated Jun 24, 2026

SLJY (Amplify SILJ Covered Call ETF) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - SLJY is a Derivative Income fund actively managed by Amplify, while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. SLJY is actively managed, while SILJ is passively managed. With a 0.95 correlation, they move nearly in lockstep. SLJY charges 0.75%/yr vs 0.69%/yr for SILJ.

Performance

SLJY vs. SILJ - Performance Comparison

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

Returns By Period

In the year-to-date period, SLJY achieves a -4.62% return, which is significantly higher than SILJ's -5.93% return.

SLJY

• 1D: -4.03%
• 1M: -10.47%
• YTD: -4.62%
• 6M: -7.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SILJ

• 1D: -5.76%
• 1M: -9.71%
• YTD: -5.93%
• 6M: -10.68%
• 1Y: 80.90%
• 3Y*: 45.63%
• 5Y*: 13.14%
• 10Y*: 8.20%

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

SLJY vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	-4.62%	42.11%
SILJ Amplify Junior Silver Miners ETF	-5.93%	67.20%

Correlation

The correlation between SLJY and SILJ is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.95

Return for Risk

SLJY vs. SILJ — 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.

SILJ

SILJ Risk / Return Rank: 39
SILJ Sharpe Ratio Rank: 41
SILJ Sortino Ratio Rank: 37
SILJ Omega Ratio Rank: 40
SILJ Calmar Ratio Rank: 43
SILJ Martin Ratio Rank: 35

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. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) and Amplify Junior Silver Miners ETF (SILJ). 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	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.42	—
Sortino ratio: Return per unit of downside risk	—	1.86	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.08	—
Martin ratio: Return relative to average drawdown	—	5.12	—

Drawdowns

SLJY vs. SILJ - Drawdown Comparison

The maximum SLJY drawdown since its inception was -32.40%, smaller than the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for SLJY and SILJ.

Drawdown Indicators

	SLJY	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-32.40%	-79.04%	+46.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-48.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.06%	—
Current Drawdown Current decline from peak	-30.62%	-35.41%	+4.79%
Average Drawdown Average peak-to-trough decline	-10.64%	-41.39%	+30.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.86%	—

Volatility

Volatility by Period

	SLJY	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	48.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.39%	57.43%	-7.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.39%	44.93%	+5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.39%	46.51%	+3.88%

SLJY vs. SILJ - Expense Ratio Comparison

SLJY has a 0.75% expense ratio, which is higher than SILJ's 0.69% expense ratio.

Dividends

SLJY vs. SILJ - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 18.88%, more than SILJ's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SILJ Amplify Junior Silver Miners ETF	2.13%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%
SLJY Amplify SILJ Covered Call ETF	18.88%	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 SILJ in my portfolio?

With a correlation of 0.95, SLJY and SILJ 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 SILJ?

On fees, SILJ is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLJY or SILJ?

SILJ is cheaper with a 0.69% expense ratio, compared with 0.75% for SLJY.

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

SLJY has the higher dividend yield at 18.88%, compared with 2.13% for SILJ.

What is the main difference between SLJY and SILJ?

SLJY is categorized as Derivative Income, while SILJ is Silver. Their fees differ too: 0.75% for SLJY and 0.69% for SILJ.