- Issuer
- Nicholas Wealth
- Inception Date
- Feb 17, 2026
- Region
- Global (Broad)
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
SLVX Performance Chart
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Returns By Period
Nicholas Silver Income ETF
- 1D
- 3.40%
- 1M
- -14.36%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
SLVX Monthly Returns History
Based on dividend-adjusted daily data since Feb 18, 2026, SLVX's average daily return is -0.20%, while the average monthly return is -3.06%.
Historically, 40% of months were positive and 60% were negative. The best month was Feb 2026 with a return of +21.7%, while the worst month was Mar 2026 at -24.4%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SLVX closed higher 53% of trading days. The best single day was May 6, 2026 with a return of +8.8%, while the worst single day was Jun 5, 2026 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 21.71% | -24.43% | -2.63% | 4.26% | -14.20% | -19.87% |
Benchmark Metrics
Nicholas Silver Income ETF has an annualized alpha of -70.64%, beta of 2.72, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since February 18, 2026.
- This ETF participated in 263.66% of S&P 500 Index downside but only 155.64% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -70.64%
- Beta
- 2.72
- R²
- 0.42
- Upside Capture
- 155.64%
- Downside Capture
- 263.66%
Expense Ratio
SLVX has a high expense ratio of 1.16%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nicholas Silver Income ETF (SLVX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 11.37 | — |
Dividends
Dividend History
Nicholas Silver Income ETF provided a 8.00% dividend yield over the last twelve months, with an annual payout of $1.26 per share.
| Period | TTM |
|---|---|
| Dividend | $1.26 |
Dividend yield | 8.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Nicholas Silver Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.38 | $0.36 | $0.35 | $0.16 | $1.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nicholas Silver Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nicholas Silver Income ETF was 40.32%, occurring on Jun 10, 2026. The portfolio has not yet recovered.
The current Nicholas Silver Income ETF drawdown is 34.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -40.32%Jun 2026 | 3mo 10d | — | 3mo 15dMar 2026 - now |
Drawdown Indicators
| SLVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.32% | -56.78% | +16.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -34.17% | -2.34% | -31.83% |
Average DrawdownAverage peak-to-trough decline | -20.61% | -10.72% | -9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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