KSLV vs SLJY

KSLVCKurv Silver Enhanced Income ETF

SLJYBAmplify SILJ Covered Call ETF

In short

KSLV Nearly every fund in the precious-metals income aisle is built on gold. KSLV takes the silver side, pairing options income with silver-price exposure and paying monthly. Fee: 0.99%, no waiver, right around the category norm.

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

KSLV The Fund seeks to maximize total return by actively managing a portfolio with efficient exposure to silver while 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

• KSLV The metals income shelf is almost all gold (IAUI, IGLD, KGLD). KSLV runs the same call-writing playbook on silver.
• Actively managed overlay: the adviser can write calls on part of the position, or uncovered when it sees volatility mispriced, instead of a fixed slice each month.sec.gov
• Pays monthly, with silver exposure built from options on silver ETPs inside a registered 1940 Act fund.sec.gov

• 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

• KSLV Distributions can include return of capital, so part of a payment may be your own money coming back.
• Written calls limit participation in a silver rally, and the adviser may write uncovered calls, which carries risk beyond a plain covered-call sleeve.sec.gov
• Costs 0.99% with no fee waiver: near the category norm, above gold-overlay peers like YGLD (0.62%) and SLJY (0.76%). It launched in 2025, so the record is short.

• 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 KSLV profile⁠

Full SLJY profile⁠