SLJY vs YGLD

SLJYBAmplify SILJ Covered Call ETF

YGLDCSimplify Gold Strategy PLUS Income ETF

In short

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.

YGLD Most gold-income ETFs sell calls on gold and cap its upside. YGLD flips it: up to roughly 150% gold exposure via futures, with the income coming from option spreads written on other ETFs. 0.62% a year, below the category norm.

Stated mandate

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

YGLD The Fund seeks income and capital appreciation through an actively managed gold futures strategy and an income-generating options strategy.

Why people hold it

• 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

• YGLD The income is not carved out of gold's upside. Rather than selling calls on gold, the fund writes put and call spreads on equity, bond and currency ETFs, and distributes monthly.sec.gov
• At 0.62% it undercuts every peer at the top of the gold-income group: IAUI at 0.79%, SLJY at 0.76%, IGLD at 0.85%, KGLD at 0.99%. Gross and net are the same figure, with no waiver holding it down.
• Futures carry the gold exposure, targeting about 150% per dollar at the start of each quarter and resetting quarterly, not daily. No daily compounding reset to track.sec.govsimplify.us

Worth knowing

• 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

• YGLD Leverage works in both directions. At roughly 150% exposure a drop in gold lands harder, and since the reset is quarterly, actual exposure drifts above or below that target in between.simplify.us
• The options sleeve carries its own separate risk: a written spread can lose up to the gap between its two strike prices, on ETFs that have nothing to do with gold.simplify.us
• Plumbing to know: up to 25% of assets sits in a wholly owned Cayman subsidiary outside 1940 Act protections, and this is one of the smaller, lighter-traded funds in its category.sec.gov

Full SLJY profile⁠

Full YGLD profile⁠