SLJYAmplify SILJ Junior Silver Miners Covered Call ETF
The Amplify SILJ Covered Call ETF seeks investment results that generally correspond to the price and yield of the underlying index, which focuses on companies involved in the silver mining industry.
By Amplify ETFs · Launched 2025
0.01%
#104 of 5,562 · low cost
$48M
#3,613 of 5,562 · mid-size
—
10 months
#4,679 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Nasdaq Junior Silver Miners Index
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- The Amplify SILJ Covered Call ETF seeks investment results that generally correspond to the price and yield of the underlying index, which focuses on companies involved in the silver mining industry.
- Strategy
- The Fund primarily invests in a portfolio of silver mining companies and employs a covered call strategy, where it writes call options on a portion of its equity holdings to generate additional income, while aiming to provide capital appreciation.
- Inception date
- August 18, 2025
- Fund family
- Amplify ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19