SLVP vs. SILJ

Last updated Jun 4, 2026

SLVP (iShares MSCI Global Silver and Metals Miners ETF) and SILJ (Amplify Junior Silver Miners ETF) are both Silver funds - SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index while SILJ tracks the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 10 years, SLVP returned 13.67%/yr vs 10.08%/yr for SILJ. Their correlation of 0.89 suggests significant overlap in exposure. SLVP charges 0.39%/yr vs 0.69%/yr for SILJ.

Performance

SLVP vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Silver and Metals Miners ETF (SLVP) 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, SLVP achieves a 2.25% return, which is significantly lower than SILJ's 6.61% return. Over the past 10 years, SLVP has outperformed SILJ with an annualized return of 13.67%, while SILJ has yielded a comparatively lower 10.08% annualized return.

SLVP

• 1D: -5.14%
• 1M: 1.42%
• YTD: 2.25%
• 6M: 13.09%
• 1Y: 112.07%
• 3Y*: 52.07%
• 5Y*: 15.97%
• 10Y*: 13.67%

SILJ

• 1D: -5.24%
• 1M: 2.57%
• YTD: 6.61%
• 6M: 16.40%
• 1Y: 111.95%
• 3Y*: 47.77%
• 5Y*: 13.13%
• 10Y*: 10.08%

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

SLVP vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVP iShares MSCI Global Silver and Metals Miners ETF	2.25%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%

Correlation

The correlation between SLVP and SILJ is 0.98 - 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 (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.89

The correlation between SLVP and SILJ has been stable across timeframes, ranging from 0.89 to 0.98 - a consistent structural relationship.

SLVP vs. SILJ - Sectors Allocation Comparison

Sectors	SLVP	SILJ
Basic Materials	100.0%	99.8%
Communication Services	-	0.0%
Consumer Cyclical	-	-
Consumer Defensive	-	0.2%
Energy	-	-
Financial Services	-	0.3%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SLVP vs. SILJ — Risk / Return Rank

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

SLVP

SLVP Risk / Return Rank: 55
SLVP Sharpe Ratio Rank: 62
SLVP Sortino Ratio Rank: 48
SLVP Omega Ratio Rank: 51
SLVP Calmar Ratio Rank: 66
SLVP Martin Ratio Rank: 50

SILJ

SILJ Risk / Return Rank: 54
SILJ Sharpe Ratio Rank: 59
SILJ Sortino Ratio Rank: 46
SILJ Omega Ratio Rank: 51
SILJ Calmar Ratio Rank: 64
SILJ Martin Ratio Rank: 47

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.

SLVP vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver and Metals Miners ETF (SLVP) 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.

	SLVP	SILJ	Difference
Sharpe ratio Return per unit of total volatility	2.12	2.05	+0.07
Sortino ratio Return per unit of downside risk	2.40	2.35	+0.05
Omega ratio Gain probability vs. loss probability	1.33	1.32	0.00
Calmar ratio Return relative to maximum drawdown	3.36	3.24	+0.11
Martin ratio Return relative to average drawdown	8.53	7.99	+0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLVP vs. SILJ - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 2.12, which is comparable to the SILJ Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SLVP and SILJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SLVP	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.05	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.30	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.22	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.09	0.00

Drawdowns

SLVP vs. SILJ - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, roughly equal to the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for SLVP and SILJ.

Drawdown Indicators

	SLVP	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-80.47%	-79.04%	-1.43%
Max Drawdown (1Y) Largest decline over 1 year	-33.57%	-34.71%	+1.14%
Max Drawdown (3Y) Largest decline over 3 years	-33.57%	-34.71%	+1.14%
Max Drawdown (5Y) Largest decline over 5 years	-54.78%	-55.47%	+0.69%
Max Drawdown (10Y) Largest decline over 10 years	-62.03%	-70.06%	+8.03%
Current Drawdown Current decline from peak	-26.25%	-26.80%	+0.55%
Average Drawdown Average peak-to-trough decline	-46.82%	-41.43%	-5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.18%	14.06%	-0.88%

Volatility

SLVP vs. SILJ - Volatility Comparison

The current volatility for iShares MSCI Global Silver and Metals Miners ETF (SLVP) is 17.59%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 18.69%. This indicates that SLVP experiences smaller price fluctuations and is considered to be less risky than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVP	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.59%	18.69%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	43.22%	45.24%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	53.06%	54.90%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.76%	44.35%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.24%	46.24%	-4.00%

SLVP vs. SILJ - Expense Ratio Comparison

SLVP has a 0.39% expense ratio, which is lower than SILJ's 0.69% expense ratio.

Dividends

SLVP vs. SILJ - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 1.74%, less than SILJ's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SILJ Amplify Junior Silver Miners ETF	1.88%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%
SLVP iShares MSCI Global Silver and Metals Miners ETF	1.74%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%

Frequently Asked Questions

Can I hold both SLVP and SILJ in my portfolio?

With a correlation of 0.98, SLVP 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 is riskier, SLVP or SILJ?

SILJ has higher volatility (18.69%) compared to SLVP (17.59%). In terms of maximum drawdown, SLVP dropped -80.47% vs SILJ's -79.04%.

Which ETF is better, SLVP or SILJ?

On 10-year performance, SLVP leads with 13.67% vs 10.08% for SILJ. On fees, SLVP is cheaper at 0.39% per year. On volatility, SLVP has been the lower-risk option at 17.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLVP or SILJ?

Over the 10-year period, SLVP has performed better with a 13.67% return vs 10.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLVP or SILJ?

SLVP is cheaper with a 0.39% expense ratio, compared with 0.69% for SILJ.

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

SILJ has the higher dividend yield at 1.88%, compared with 1.74% for SLVP.

What is the main difference between SLVP and SILJ?

SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.39% for SLVP and 0.69% for SILJ.

Which has better risk-adjusted returns?

SLVP currently has the higher Sharpe Ratio (2.12 vs 2.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.