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ZJG.TO vs. HUZ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZJG.TO vs. HUZ.TO

Last updated Jun 4, 2026

ZJG.TO (BMO Junior Gold Index ETF) and HUZ.TO (Global X Silver ETF) are both exchange-traded funds - ZJG.TO is a Precious Metals fund tracking the Dow Jones North America Select Junior Gold Index, while HUZ.TO is a Silver fund tracking the Solactive Silver Front Month MD Rolling Futures Index. Both are passively managed. Over the past 10 years, ZJG.TO returned 15.97%/yr vs 12.04%/yr for HUZ.TO. A 0.59 correlation means they provide meaningful diversification when combined. ZJG.TO charges 0.61%/yr vs 1.18%/yr for HUZ.TO.

Performance

ZJG.TO vs. HUZ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Junior Gold Index ETF (ZJG.TO) and Global X Silver ETF (HUZ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ZJG.TO achieves a 1.53% return, which is significantly lower than HUZ.TO's 2.35% return. Over the past 10 years, ZJG.TO has outperformed HUZ.TO with an annualized return of 15.97%, while HUZ.TO has yielded a comparatively lower 12.04% annualized return.

ZJG.TO

1D
-3.57%
1M
0.56%
YTD
1.53%
6M
8.52%
1Y
71.02%
3Y*
50.57%
5Y*
26.99%
10Y*
15.97%

HUZ.TO

1D
-2.50%
1M
0.23%
YTD
2.35%
6M
22.30%
1Y
101.00%
3Y*
40.00%
5Y*
17.25%
10Y*
12.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZJG.TO vs. HUZ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZJG.TO
BMO Junior Gold Index ETF		1.53%154.66%36.44%6.11%-0.89%-16.72%24.40%42.01%-18.76%11.85%
HUZ.TO
Global X Silver ETF		2.35%129.20%18.72%-3.75%1.17%-15.10%39.27%12.48%-11.38%2.96%

Correlation

The correlation between ZJG.TO and HUZ.TO is 0.69, 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

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2010

0.59

The correlation between ZJG.TO and HUZ.TO shifts across timeframes, from 0.59 (10 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.

ZJG.TO vs. HUZ.TO - Sectors Allocation Comparison

Sectors
ZJG.TO
HUZ.TO

Basic Materials

100.0%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

19.0%

Technology

-

-

Utilities

-

-

Basic Materials

ZJG.TO
100.0%
HUZ.TO

-

Communication Services

ZJG.TO

-

HUZ.TO

-

Consumer Cyclical

ZJG.TO

-

HUZ.TO

-

Consumer Defensive

ZJG.TO

-

HUZ.TO

-

Energy

ZJG.TO

-

HUZ.TO

-

Financial Services

ZJG.TO

-

HUZ.TO

-

Healthcare

ZJG.TO

-

HUZ.TO

-

Industrials

ZJG.TO

-

HUZ.TO

-

Real Estate

ZJG.TO

-

HUZ.TO
19.0%

Technology

ZJG.TO

-

HUZ.TO

-

Utilities

ZJG.TO

-

HUZ.TO

-

Compare stocks, funds, or ETFs

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BMO Junior Gold Index ETF

Global X Silver ETF

Often compared with ZJG.TO:
ZJG.TO vs. ZGD.TOZJG.TO vs. ZGLD.TOZJG.TO vs. XGD.TOZJG.TO vs. SGDJZJG.TO vs. XMA.TOZJG.TO vs. KNT.TOZJG.TO vs. RING
Often compared with HUZ.TO:
HUZ.TO vs. SVR.TOHUZ.TO vs. HURA.TOHUZ.TO vs. AGCC.TOHUZ.TO vs. SLVOHUZ.TO vs. GLCL.TOHUZ.TO vs. MNS.TOHUZ.TO vs. XGD.TO

Return for Risk

ZJG.TO vs. HUZ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZJG.TO
ZJG.TO Risk / Return Rank: 4141
Overall Rank
ZJG.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
ZJG.TO Sortino Ratio Rank: 3636
Sortino Ratio Rank
ZJG.TO Omega Ratio Rank: 4343
Omega Ratio Rank
ZJG.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
ZJG.TO Martin Ratio Rank: 3636
Martin Ratio Rank
HUZ.TO
HUZ.TO Risk / Return Rank: 4545
Overall Rank
HUZ.TO Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
HUZ.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
HUZ.TO Omega Ratio Rank: 5454
Omega Ratio Rank
HUZ.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
HUZ.TO Martin Ratio Rank: 3434
Martin Ratio Rank
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.

ZJG.TO vs. HUZ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Junior Gold Index ETF (ZJG.TO) and Global X Silver ETF (HUZ.TO). 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.

ZJG.TOHUZ.TODifference
Sharpe ratioReturn per unit of total volatility
1.54
1.72

-0.18

Sortino ratioReturn per unit of downside risk
1.93
1.95

-0.03

Omega ratioGain probability vs. loss probability

1.28

1.33

-0.05

Calmar ratioReturn relative to maximum drawdown

2.23

2.36

-0.13

Martin ratioReturn relative to average drawdown

5.52

5.07

+0.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZJG.TO vs. HUZ.TO - Sharpe Ratio Comparison

The current ZJG.TO Sharpe Ratio is 1.54, which is comparable to the HUZ.TO Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of ZJG.TO and HUZ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ZJG.TOHUZ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.54

1.72

-0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.47

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.36

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

0.21

-0.03

Drawdowns

ZJG.TO vs. HUZ.TO - Drawdown Comparison

The maximum ZJG.TO drawdown since its inception was -81.59%, roughly equal to the maximum HUZ.TO drawdown of -81.06%. Use the drawdown chart below to compare losses from any high point for ZJG.TO and HUZ.TO.

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Drawdown Indicators

ZJG.TOHUZ.TODifference

Max Drawdown

Largest peak-to-trough decline

-81.59%

-81.06%

-0.53%

Max Drawdown (1Y)

Largest decline over 1 year

-32.02%

-43.11%

+11.09%

Max Drawdown (3Y)

Largest decline over 3 years

-32.02%

-43.11%

+11.09%

Max Drawdown (5Y)

Largest decline over 5 years

-41.63%

-43.11%

+1.48%

Max Drawdown (10Y)

Largest decline over 10 years

-48.58%

-48.84%

+0.26%

Current Drawdown

Current decline from peak

-28.35%

-38.13%

+9.78%

Average Drawdown

Average peak-to-trough decline

-49.08%

-54.91%

+5.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.91%

19.99%

-7.08%

Volatility

ZJG.TO vs. HUZ.TO - Volatility Comparison

BMO Junior Gold Index ETF (ZJG.TO) and Global X Silver ETF (HUZ.TO) have volatilities of 15.90% and 16.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZJG.TOHUZ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

15.90%

16.29%

-0.39%

Volatility (6M)

Calculated over the trailing 6-month period

37.93%

58.22%

-20.29%

Volatility (1Y)

Calculated over the trailing 1-year period

46.25%

58.94%

-12.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.27%

37.28%

-1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

38.00%

33.24%

+4.76%

ZJG.TO vs. HUZ.TO - Expense Ratio Comparison

ZJG.TO has a 0.61% expense ratio, which is lower than HUZ.TO's 1.18% expense ratio.

Dividends

ZJG.TO vs. HUZ.TO - Dividend Comparison

ZJG.TO's dividend yield for the trailing twelve months is around 0.12%, while HUZ.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021
HUZ.TO
Global X Silver ETF		0.00%0.00%0.00%0.00%0.00%0.00%
ZJG.TO
BMO Junior Gold Index ETF		0.12%0.12%0.68%0.90%0.83%0.36%

Frequently Asked Questions

ZJG.TO and HUZ.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZJG.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZJG.TO is cheaper with a 0.61% expense ratio, compared with 1.18% for HUZ.TO.

ZJG.TO is categorized as Precious Metals, while HUZ.TO is Silver. ZJG.TO tracks Dow Jones North America Select Junior Gold Index, while HUZ.TO tracks Solactive Silver Front Month MD Rolling Futures Index. They also come from different issuers: BMO and Global X. Their fees differ too: 0.61% for ZJG.TO and 1.18% for HUZ.TO.

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