NUGY vs SLJY

NUGYDGraniteShares YieldBOOST Gold Miners ETF

SLJYAAmplify SILJ Covered Call ETF

In short

NUGY NUGY doesn't own gold or a single miner. It sells put options on a 2x daily gold miners ETF, harvesting premium from one of the most volatile corners of the gold trade, with only capped exposure to the leveraged fund itself.

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

NUGY NUGY seeks income by primarily selling put options on leveraged ETFs designed to track a 2x daily version of the Arca Gold Miners Index, with secondary capped exposure to that leveraged ETF.

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

• NUGY Unusual engine: income is generated by selling puts on a leveraged fund built to deliver 2x the daily move of gold miners, not by holding the miners.
• Anchored to a named, published benchmark, the Arca Gold Miners Index (GDM), so the underlying exposure is defined rather than discretionary.
• Standard 1940 Act fund wrapper: regular 1099 reporting, no K-1 to wait on at tax time.

• 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

• NUGY Fee of 1.07% sits above the gold-income cohort median and above peers such as IAUI (0.79%) and YGLD (0.53%).
• Selling puts swaps upside for premium: a miners rally largely passes the fund by, while a slide arrives through a 2x daily product.
• The issuer discloses payouts can include return of capital (principal coming back to you), and a late-2025 launch leaves a short track record.

• 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 NUGY profile⁠

Full SLJY profile⁠