SILJ
ETFMG Prime Junior Silver Miners ETF
ETFMG Prime Junior Silver ETFÂ tracks a modified market-cap-weighted index of small-cap silver mining and exploration companies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
976.5 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | ETF Managers Group |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 28, 2012 |
| Assets (mns) | $976 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HECLA MINING CO | 9.6 % |
| FIRST MAJESTIC SILVER CORP | 9.4 % |
| COEUR D'ALENE MINES CORP | 9.0 % |
| SILVER WHEATON CORP | 6.6 % |
| ENDEAVOUR SILVER CORP | 5.7 % |
| CIA DE MINAS BUENAVENTUR-ADR | 4.5 % |
| MAG SILVER CORP | 4.4 % |
| SEABRIDGE GOLD INC | 4.3 % |
| OSISKO GOLD ROYALTIES LTD | 3.9 % |
| FORTUNA SILVER MINES INC. | 3.9 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 512 |
| Wgt avg mkt cap (mns) | $3,444 |
| Large cap (>$10bn) | 4.4% |
| Mid cap ($2-10bn) | 34.0% |
| Small cap (<$2bn) | 61.0% |
| Developed mkts. | 84.3% |
| Emerging mkts. | 15.7% |
Country Exposure
 |
CANADA | 60.9 % |
 |
UNITED STATES | 21.1 % |
 |
BRITAIN | 6.7 % |
 |
PERU | 4.6 % |
 |
MEXICO | 3.0 % |
 |
SWEDEN | 1.2 % |
 |
POLAND | 0.8 % |
 |
AUSTRALIA | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.1% | 31.8% | 9.6% | -5.5% | 2.0% | 4.3% | -4.2% | Volatility | 39.5% | 39.8% | 38.3% | 41.1% | 48.8% | 46.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 17% |
| MSCI EAFE | 0.99 | 26% |
| MSCI Emg Mkts | 1.01 | 27% |
Liquidity Measures
| Avg. volume (000) | 3,227 |
| Turnover | 4.0% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $421 |
Technical Indicators
| Recent close | $12.10 |
| 30d moving avg. | $13.62 |
| Annualized volatility | 34.1% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 2.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SILJ |
Expenses vs. SILJ |
ALTAR Score™ vs. SILJ |
|---|---|---|---|---|
| AGMI | Themes Silver Miners ETF | 46.5% | -34 bp | +3.0% |
| SLVP | iShares MSCI Global Silver Miners ETF | 42.0% | -30 bp | +1.7% |
| SIL | Global X Silver Miners ETF | 39.0% | -4 bp | +0.6% |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 22.7% | -9 bp | +3.2% |
| GOEX | Global X Gold Explorers ETF | 16.6% | -4 bp | +2.8% |
| GDXJ | VanEck Junior Gold Miners ETF | 15.0% | -17 bp | +2.9% |
| SGDM | Sprott Gold Miners ETF | 14.8% | -19 bp | +3.8% |
| EPU | iShares MSCI Peru and Global Exposure ETF | 13.7% | -10 bp | +4.0% |
| INFL | Horizon Kinetics Inflation Beneficiaries ETF | 11.1% | +16 bp | +1.9% |
Risk and Returns: SILJ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SILJ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
SILJ
1.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. SILJ's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places SILJ in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SILJSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| SILJ (69 bp) Percentile rank | 78 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SILJ | 69.0 | 7.9 | 76.9 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .