Amplify Junior Silver Miners ETF (SILJ) — Stock Correlations & Overview
Over the past year, SILJ has moved most closely with SIL, SLVP, AGMI. Explore the stocks most correlated and inversely correlated with SILJ below, along with its price, financials, and company profile.
Stocks correlated with SILJ
Correlation of daily returns. Higher positive values move with SILJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with SILJ
| Symbol | Company | Correlation |
|---|---|---|
| SIL | Global X Silver Miners ETF (NEW) | 0.99 |
| SLVP | iShares MSCI Global Silver and Metals Miners ETF | 0.99 |
| AGMI | Themes Silver Miners ETF | 0.98 |
| SLVR | Sprott Silver Miners & Physical Silver ETFBLANK CHECKS | 0.98 |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X ETF | 0.97 |
Most inversely correlated with SILJ
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.97 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.95 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.95 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.83 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.83 |
Frequently asked questions about SILJ correlations
- Which stocks are most correlated with SILJ?
- Based on one year of daily returns, the stocks most correlated with Amplify Junior Silver Miners ETF (SILJ) are SIL (0.99), SLVP (0.99) and AGMI (0.98). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SILJ?
- Over the past year, the stocks most inversely correlated with Amplify Junior Silver Miners ETF (SILJ) are JDST (-0.97), GDXD (-0.95) and DUST (-0.95). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SILJ correlations calculated?
- We compute the correlation of daily returns between SILJ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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