AMND vs. SLVO

Last updated Jun 4, 2026

AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) and SLVO (UBS ETRACS Silver Shares Covered Call ETN) are both exchange-traded funds - AMND is a Energy Equities fund tracking the Alerian Midstream Energy Dividend Index, while SLVO is a Silver fund tracking the Credit Suisse NASDAQ Silver FLOWS 106 Index. Both are passively managed. At a 0.11 correlation, their price movements are largely independent. AMND charges 0.75%/yr vs 0.65%/yr for SLVO.

Performance

AMND vs. SLVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and UBS ETRACS Silver Shares Covered Call ETN (SLVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLVO

• 1D: -1.17%
• 1M: 4.05%
• YTD: 13.49%
• 6M: 17.86%
• 1Y: 62.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMND vs. SLVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	25.63%
SLVO UBS ETRACS Silver Shares Covered Call ETN	13.49%	71.20%	1.24%

Correlation

The correlation between AMND and SLVO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024	0.11

Return for Risk

AMND vs. SLVO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLVO

SLVO Risk / Return Rank: 66
SLVO Sharpe Ratio Rank: 62
SLVO Sortino Ratio Rank: 48
SLVO Omega Ratio Rank: 72
SLVO Calmar Ratio Rank: 72
SLVO Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMND vs. SLVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and UBS ETRACS Silver Shares Covered Call ETN (SLVO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMND	SLVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.61	—

Drawdowns

Drawdown Indicators

	AMND	SLVO	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.23%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.23%	—
Current Drawdown Current decline from peak	—	-3.22%	—
Average Drawdown Average peak-to-trough decline	—	-3.13%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.18%	—

Volatility

Volatility by Period

	AMND	SLVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	29.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	25.23%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.23%	—

AMND vs. SLVO - Expense Ratio Comparison

AMND has a 0.75% expense ratio, which is higher than SLVO's 0.65% expense ratio.

Dividends

AMND vs. SLVO - Dividend Comparison

AMND has not paid dividends to shareholders, while SLVO's dividend yield for the trailing twelve months is around 46.44%.

Position	TTM	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%
SLVO UBS ETRACS Silver Shares Covered Call ETN	46.44%	19.35%	14.45%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMND and SLVO in my portfolio?

AMND and SLVO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMND or SLVO?

On fees, SLVO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMND or SLVO?

SLVO is cheaper with a 0.65% expense ratio, compared with 0.75% for AMND.

Which ETF pays a higher dividend yield, AMND or SLVO?

SLVO has the higher dividend yield at 46.44%, compared with 0.00% for AMND.

What is the main difference between AMND and SLVO?

AMND is categorized as Energy Equities, while SLVO is Silver. AMND tracks Alerian Midstream Energy Dividend Index, while SLVO tracks Credit Suisse NASDAQ Silver FLOWS 106 Index. Their fees differ too: 0.75% for AMND and 0.65% for SLVO.