AUMI vs. SLVO

Last updated Apr 2, 2026

Compare and contrast key facts about Themes Gold Miners ETF (AUMI) and Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO).

AUMI and SLVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AUMI is a passively managed fund by Themes that tracks the performance of the Solactive Global Pure Gold Miners Index. It was launched on Dec 12, 2023. SLVO is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse NASDAQ Silver FLOWS 106 Index. It was launched on Apr 17, 2013. Both AUMI and SLVO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AUMI vs. SLVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Gold Miners ETF (AUMI) and Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO). The values are adjusted to include any dividend payments, if applicable.

AUMI vs. SLVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUMI Themes Gold Miners ETF	10.53%	164.18%	12.27%
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN	7.50%	71.20%	1.24%

Returns By Period

In the year-to-date period, AUMI achieves a 10.53% return, which is significantly higher than SLVO's 7.50% return.

AUMI

• 1D: 5.17%
• 1M: -16.46%
• YTD: 10.53%
• 6M: 26.21%
• 1Y: 116.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLVO

• 1D: 0.54%
• 1M: -6.24%
• YTD: 7.50%
• 6M: 24.74%
• 1Y: 57.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUMI vs. SLVO - Expense Ratio Comparison

AUMI has a 0.35% expense ratio, which is lower than SLVO's 0.65% expense ratio.

SLVO

Credit Suisse X-Links Silver Shares Covered Call ETN

AUMI

Themes Gold Miners ETF

Return for Risk

AUMI vs. SLVO — Risk / Return Rank

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

AUMI

AUMI Risk / Return Rank: 91
AUMI Sharpe Ratio Rank: 94
AUMI Sortino Ratio Rank: 89
AUMI Omega Ratio Rank: 87
AUMI Calmar Ratio Rank: 93
AUMI Martin Ratio Rank: 91

SLVO

SLVO Risk / Return Rank: 90
SLVO Sharpe Ratio Rank: 89
SLVO Sortino Ratio Rank: 82
SLVO Omega Ratio Rank: 93
SLVO Calmar Ratio Rank: 91
SLVO Martin Ratio Rank: 94

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.

AUMI vs. SLVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) and Credit Suisse X-Links 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.

	AUMI	SLVO	Difference
Sharpe ratio Return per unit of total volatility	2.35	1.96	+0.39
Sortino ratio Return per unit of downside risk	2.57	2.21	+0.36
Omega ratio Gain probability vs. loss probability	1.36	1.43	-0.06
Calmar ratio Return relative to maximum drawdown	3.66	3.32	+0.34
Martin ratio Return relative to average drawdown	12.93	14.56	-1.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUMI vs. SLVO - Sharpe Ratio Comparison

The current AUMI Sharpe Ratio is 2.35, which is comparable to the SLVO Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of AUMI and SLVO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AUMI	SLVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	1.96	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	2.01	1.61	+0.40

Correlation

The correlation between AUMI and SLVO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AUMI vs. SLVO - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 0.78%, less than SLVO's 37.95% yield.

	TTM	2025	2024
AUMI Themes Gold Miners ETF	0.78%	0.86%	1.84%
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN	37.95%	19.35%	14.45%

Drawdowns

AUMI vs. SLVO - Drawdown Comparison

The maximum AUMI drawdown since its inception was -31.88%, which is greater than SLVO's maximum drawdown of -17.23%. Use the drawdown chart below to compare losses from any high point for AUMI and SLVO.

Drawdown Indicators

	AUMI	SLVO	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-17.23%	-14.65%
Max Drawdown (1Y) Largest decline over 1 year	-31.88%	-17.23%	-14.65%
Current Drawdown Current decline from peak	-16.84%	-7.93%	-8.91%
Average Drawdown Average peak-to-trough decline	-6.00%	-3.00%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.03%	3.93%	+5.10%

Volatility

AUMI vs. SLVO - Volatility Comparison

Themes Gold Miners ETF (AUMI) has a higher volatility of 18.77% compared to Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) at 14.26%. This indicates that AUMI's price experiences larger fluctuations and is considered to be riskier than SLVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUMI	SLVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.77%	14.26%	+4.51%
Volatility (6M) Calculated over the trailing 6-month period	40.65%	27.43%	+13.22%
Volatility (1Y) Calculated over the trailing 1-year period	49.65%	29.61%	+20.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.38%	25.42%	+15.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.38%	25.42%	+15.96%