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ETFs

SILX
$--
Today’s Change
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Snapshot
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Inception Date
Jun 15 2021
Expense Ratio
0.95%
Type
Global Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$322,774
AUM
$5,381,928
Associated Index
Prime Junior Silver Miners & Explorers Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
Invest with SILX

What is SILX?

SILX seeks daily investment results, before fees and expenses, of 200% of the performance of the Prime Junior Silver Miners and Explorers Index, designed to give direct exposure to the silver mining exploration and production industry. This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The Fund should not be expected to provide 2x the return of the benchmark s cumulative return for periods greater than a day. There is no guarantee the Fund will meet its stated investment objective.

ETFs related toSILX

ETFs correlated to SILX include SILJ, SIL, GDXJ

SILX
ETF Managers Trust - ETFMG Prime 2X Daily Junior Silver Miners ETF 2x Shares
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
SIL
Global X Funds - Global X Silver Miners ETF
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
DBP
Invesco DB Multi-Sector Commodity Trust - Invesco DB Precious Metals Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSILX

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SILX using Composer

FAQ

SILX is a Global Equities ETF. SILX seeks daily investment results, before fees and expenses, of 200% of the performance of the Prime Junior Silver Miners and Explorers Index, designed to give direct exposure to the silver mining exploration and production industry. This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The Fund should not be expected to provide 2x the return of the benchmark s cumulative return for periods greater than a day. There is no guarantee the Fund will meet its stated investment objective.

SILX tracks the Prime Junior Silver Miners & Explorers Index.

No, SILX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SILX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SILX is -0.1206%. This is the percent change in the value of SILX over the most recent 1-month period. The 3-month return on SILX is -0.4444%. This is the percent change in the value of SILX over the most recent 3-month period.

The standard deviation of SILX for the past year is 0.7953%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SILX include SPXL, PSQ, and SDS.

ETFs correlated to SILX include SILJ, SIL, and GDXJ.

ETFs that are inversely correlated to SILX include JDST, GDXD, and DUST.

Yes, SILX is a Leveraged (2x) ETF: This means that SILX will try to match the performance of Prime Junior Silver Miners & Explorers Index, but with 2x the returns.

Yes, SILX is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Prime Junior Silver Miners & Explorers Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.