SSG vs. SILJ

Last updated Jun 14, 2026

SSG (Proshares Ultrashort Semiconductors) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - SSG is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%), while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 10 years, SSG returned -61.87%/yr vs 8.82%/yr for SILJ. At a correlation of -0.19, they often move in opposite directions. SSG charges 0.95%/yr vs 0.69%/yr for SILJ.

Performance

SSG vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultrashort Semiconductors (SSG) 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, SSG achieves a -57.62% return, which is significantly lower than SILJ's -1.77% return. Over the past 10 years, SSG has underperformed SILJ with an annualized return of -61.87%, while SILJ has yielded a comparatively higher 8.82% annualized return.

SSG

• 1D: -2.05%
• 1M: -8.96%
• YTD: -57.62%
• 6M: -60.52%
• 1Y: -79.15%
• 3Y*: -73.33%
• 5Y*: -66.38%
• 10Y*: -61.87%

SILJ

• 1D: 3.23%
• 1M: -17.41%
• YTD: -1.77%
• 6M: 0.26%
• 1Y: 84.73%
• 3Y*: 45.21%
• 5Y*: 11.38%
• 10Y*: 8.82%

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

SSG vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSG Proshares Ultrashort Semiconductors	-57.62%	-70.03%	-77.59%	-78.69%	37.90%	-67.46%	-76.50%	-63.33%	-0.79%	-51.60%
SILJ Amplify Junior Silver Miners ETF	-1.77%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%

Correlation

The correlation between SSG and SILJ is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.35
Correlation (3Y) Calculated over the trailing 3-year period	-0.28
Correlation (5Y) Calculated over the trailing 5-year period	-0.28
Correlation (10Y) Calculated over the trailing 10-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	-0.19

The correlation between SSG and SILJ shifts across timeframes, from -0.35 (1 year) to -0.19 (all time), reflecting how their relationship changes across market environments.

SSG vs. SILJ - Sectors Allocation Comparison

Sectors	SSG	SILJ
Financial Services	37.1%	0.3%
Basic Materials	-	99.8%
Communication Services	-	0.0%
Consumer Cyclical	-	-
Consumer Defensive	-	0.2%
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SSG vs. SILJ — Risk / Return Rank

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

SSG

SSG Risk / Return Rank: 0
SSG Sharpe Ratio Rank: 1
SSG Sortino Ratio Rank: 0
SSG Omega Ratio Rank: 0
SSG Calmar Ratio Rank: 0
SSG Martin Ratio Rank: 1

SILJ

SILJ Risk / Return Rank: 46
SILJ Sharpe Ratio Rank: 50
SILJ Sortino Ratio Rank: 42
SILJ Omega Ratio Rank: 47
SILJ Calmar Ratio Rank: 50
SILJ Martin Ratio Rank: 40

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.

SSG vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) 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.

	SSG	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	-1.19	1.52	-2.71
Sortino ratio: Return per unit of downside risk	-2.66	1.94	-4.60
Omega ratio: Gain probability vs. loss probability	0.72	1.26	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.97	2.19	-3.16
Martin ratio: Return relative to average drawdown	-1.52	5.65	-7.17

SSG vs. SILJ - Sharpe Ratio Comparison

The current SSG Sharpe Ratio is -1.19, which is lower than the SILJ Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SSG 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.

Drawdowns

SSG vs. SILJ - Drawdown Comparison

The maximum SSG drawdown since its inception was -100.00%, which is greater than SILJ's maximum drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for SSG and SILJ.

Drawdown Indicators

	SSG	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-79.04%	-20.96%
Max Drawdown (1Y) Largest decline over 1 year	-81.04%	-39.16%	-41.88%
Max Drawdown (3Y) Largest decline over 3 years	-98.49%	-39.16%	-59.33%
Max Drawdown (5Y) Largest decline over 5 years	-99.64%	-53.55%	-46.09%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-70.06%	-29.93%
Current Drawdown Current decline from peak	-100.00%	-32.56%	-67.44%
Average Drawdown Average peak-to-trough decline	-88.59%	-41.40%	-47.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.46%	15.17%	+36.29%

Volatility

SSG vs. SILJ - Volatility Comparison

Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 28.87% compared to Amplify Junior Silver Miners ETF (SILJ) at 20.76%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSG	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.87%	20.76%	+8.11%
Volatility (6M) Calculated over the trailing 6-month period	52.78%	47.36%	+5.42%
Volatility (1Y) Calculated over the trailing 1-year period	65.95%	56.54%	+9.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.00%	44.76%	+33.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.35%	46.41%	+22.94%

SSG vs. SILJ - Expense Ratio Comparison

SSG has a 0.95% expense ratio, which is higher than SILJ's 0.69% expense ratio.

Dividends

SSG vs. SILJ - Dividend Comparison

SSG's dividend yield for the trailing twelve months is around 12.32%, more than SILJ's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SILJ Amplify Junior Silver Miners ETF	2.04%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%
SSG Proshares Ultrashort Semiconductors	12.32%	9.19%	7.67%	6.73%	0.75%	0.00%	0.34%	1.81%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SSG and SILJ in my portfolio?

SSG and SILJ have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSG or SILJ?

SSG has higher volatility (28.87%) compared to SILJ (20.76%). In terms of maximum drawdown, SSG dropped -100.00% vs SILJ's -79.04%.

Which ETF is better, SSG or SILJ?

On 10-year performance, SILJ leads with 8.82% vs -61.87% for SSG. On fees, SILJ is cheaper at 0.69% per year. On volatility, SILJ has been the lower-risk option at 20.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SSG or SILJ?

Over the 10-year period, SILJ has performed better with a 8.82% return vs -61.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SSG or SILJ?

SILJ is cheaper with a 0.69% expense ratio, compared with 0.95% for SSG.

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

SSG has the higher dividend yield at 12.32%, compared with 2.04% for SILJ.

What is the main difference between SSG and SILJ?

SSG is categorized as Leveraged Equities, while SILJ is Silver. SSG tracks Dow Jones U.S. Semiconductors Index (-200%), while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: ProShares and Amplify. Their fees differ too: 0.95% for SSG and 0.69% for SILJ.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (1.52 vs -1.19), 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.