KGLD vs SLJY

KGLDCKurv Gold Enhanced Income ETF

SLJYBAmplify SILJ Covered Call ETF

In short

KGLD Most gold income funds hold metal and sell calls on it. KGLD builds the gold position out of options instead, parks the freed cash in short-dated bonds, then writes calls on top. Active, no index, monthly payouts, 0.99%.

SLJY Junior silver miners swing hard. SLJY sells that volatility: an out-of-the-money covered-call overlay on a junior silver miner basket, targeting 18% annualized option premium and paying monthly.

Stated mandate

KGLD The Fund seeks to maximize total return through active management of efficient gold exposure while also generating potentially tax-efficient income.

SLJY The fund seeks to balance high income and capital appreciation through exposure to junior silver mining companies and a covered-call strategy.

Why people hold it

• KGLD Gold exposure is built from options: buy calls, sell puts at matching strikes and expiries on gold ETPs. The freed collateral sits in short-dated bonds, a second income stream.sec.gov
• Actively managed against no index. The adviser picks strikes and expiries, and may write uncovered calls when it sees volatility mispriced in the market.sec.gov
• Bullion itself pays nothing. Here the monthly cash is manufactured from option premiums plus the bond collateral sitting behind the options.sec.gov
• Sits in the upper half of its gold-income peer group on our review.

• SLJY An income overlay on a corner that rarely gets one: calls written on junior silver miners, targeting 18% annualized option premium, paid monthly. A target, not a guarantee.amplifyetfs.comamplifyetfs.com 2
• Strikes are set above the market rather than at it, so some room for miner rallies stays in the portfolio.amplifyetfs.comamplifyetfs.com 2
• Roughly 50 junior miners plus silver ETP exposure in one ticker, instead of betting on which small explorer makes it.amplifyetfs.com

Worth knowing

• KGLD Written calls limit participation once gold runs past the strike, and uncovered writing beyond the long position carries risks the prospectus spells out.sec.gov
• 0.99% with no waiver. Near the category median, but above listed peers YGLD (0.62%) and IAUI (0.79%).
• Launched in 2025, so the record is short. The fund discloses that payouts can include return of capital, which reduces NAV per share.sec.gov

• SLJY It runs 0.76% a year against a 0.52% median for precious-metals miner funds, and it trades lightly next to giants like GDX, so spreads can run wider.
• Covered calls trade upside for income: if junior silvers rip past the written strikes, the fund gives back part of that move.amplifyetfs.com
• Amplify discloses distributions can include return of capital, so part of a payout may be principal coming back. Launched in 2025, so the record is short.amplifyetfs.com

Full KGLD profile⁠

Full SLJY profile⁠