SSLN.L vs. SILJ
SSLN.L (iShares Physical Silver ETC) and SILJ (Amplify Junior Silver Miners ETF) are both Silver funds - SSLN.L tracks the LBMA Silver Price while SILJ tracks the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 10 years, SSLN.L returned 11.54%/yr vs 6.57%/yr for SILJ. A 0.54 correlation means they provide meaningful diversification when combined. SSLN.L charges 0.20%/yr vs 0.69%/yr for SILJ.
Performance
SSLN.L vs. SILJ - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while SILJ is traded in USD. To make them comparable, the SILJ values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SSLN.L achieves a -15.38% return, which is significantly lower than SILJ's -4.68% return. Over the past 10 years, SSLN.L has outperformed SILJ with an annualized return of 11.54%, while SILJ has yielded a comparatively lower 6.57% annualized return.
SSLN.L
- 1D
- 3.08%
- 1M
- -20.04%
- YTD
- -15.38%
- 6M
- -20.49%
- 1Y
- 71.23%
- 3Y*
- 35.76%
- 5Y*
- 18.76%
- 10Y*
- 11.54%
SILJ
- 1D
- 0.62%
- 1M
- -14.78%
- YTD
- -4.68%
- 6M
- -6.27%
- 1Y
- 85.00%
- 3Y*
- 42.49%
- 5Y*
- 14.36%
- 10Y*
- 6.57%
SSLN.L vs. SILJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -15.38% | 130.26% | 23.21% | -6.20% | 15.75% | -11.83% | 41.04% | 12.68% | -3.48% | -5.59% |
SILJ Amplify Junior Silver Miners ETF | -4.68% | 163.67% | 8.25% | -9.94% | -5.36% | -22.48% | 29.09% | 51.09% | -23.68% | -13.81% |
Correlation
The correlation between SSLN.L and SILJ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012 | 0.54 |
The correlation between SSLN.L and SILJ has been stable across timeframes, ranging from 0.54 to 0.64 - a consistent structural relationship.
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Return for Risk
SSLN.L vs. SILJ — Risk / Return Rank
SSLN.L
SILJ
SSLN.L vs. SILJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) 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.
| SSLN.L | SILJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.21 | -0.71 |
| Martin ratioReturn relative to average drawdown | 3.40 | 5.27 | -1.86 |
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Drawdowns
SSLN.L vs. SILJ - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, roughly equal to the maximum SILJ drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for SSLN.L and SILJ.
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Drawdown Indicators
| SSLN.L | SILJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -76.82% | -1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -47.19% | -38.66% | -8.53% |
Max Drawdown (3Y)Largest decline over 3 years | -47.19% | -38.66% | -8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -47.19% | -46.43% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | -68.38% | +21.19% |
Current DrawdownCurrent decline from peak | -45.56% | -34.51% | -11.05% |
Average DrawdownAverage peak-to-trough decline | -59.64% | -38.66% | -20.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 16.19% | +4.67% |
Volatility
SSLN.L vs. SILJ - Volatility Comparison
The current volatility for iShares Physical Silver ETC (SSLN.L) is 14.91%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 19.20%. This indicates that SSLN.L 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.
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Volatility by Period
| SSLN.L | SILJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.91% | 19.20% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 53.08% | 45.98% | +7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.25% | 55.47% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.68% | 41.89% | -5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.05% | 44.22% | -13.17% |
SSLN.L vs. SILJ - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than SILJ's 0.69% expense ratio.
Dividends
SSLN.L vs. SILJ - Dividend Comparison
SSLN.L has not paid dividends to shareholders, while SILJ's dividend yield for the trailing twelve months is around 2.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SILJ Amplify Junior Silver Miners ETF | 2.14% | 2.00% | 7.26% | 0.01% | 0.05% | 0.36% | 1.23% | 1.45% | 1.66% | 0.00% | 0.52% | 2.46% |
SSLN.L iShares Physical Silver ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SSLN.L and SILJ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 0.69% for SILJ.
SSLN.L tracks LBMA Silver Price, while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.20% for SSLN.L and 0.69% for SILJ.
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