EHDV.DE vs. SLVO

Last updated Jun 26, 2026

EHDV.DE (Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist) and SLVO (UBS ETRACS Silver Shares Covered Call ETN) are both exchange-traded funds - EHDV.DE is a Large Cap Value Equities fund tracking the EURO iSTOXX High Dividend Low Volatility 50 Index, while SLVO is a Silver fund tracking the Credit Suisse NASDAQ Silver FLOWS 106 Index. Both are passively managed. Over the past year, EHDV.DE returned 24.07% vs 34.58% for SLVO. At a 0.20 correlation, their price movements are largely independent. EHDV.DE charges 0.30%/yr vs 0.65%/yr for SLVO.

Performance

EHDV.DE vs. SLVO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist (EHDV.DE) and UBS ETRACS Silver Shares Covered Call ETN (SLVO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EHDV.DE is traded in EUR, while SLVO is traded in USD. To make them comparable, the SLVO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EHDV.DE achieves a 11.86% return, which is significantly higher than SLVO's -3.08% return.

EHDV.DE

• 1D: -0.03%
• 1M: -0.81%
• YTD: 11.86%
• 6M: 12.88%
• 1Y: 24.07%
• 3Y*: 21.86%
• 5Y*: 13.08%
• 10Y*: 9.54%

SLVO

• 1D: 1.68%
• 1M: -16.23%
• YTD: -3.08%
• 6M: -3.02%
• 1Y: 34.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EHDV.DE vs. SLVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EHDV.DE Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist	11.86%	36.54%	-1.62%
SLVO UBS ETRACS Silver Shares Covered Call ETN	-3.08%	50.88%	6.29%

Correlation

The correlation between EHDV.DE and SLVO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.20

Return for Risk

EHDV.DE vs. SLVO — Risk / Return Rank

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

EHDV.DE

EHDV.DE Risk / Return Rank: 81
EHDV.DE Sharpe Ratio Rank: 83
EHDV.DE Sortino Ratio Rank: 79
EHDV.DE Omega Ratio Rank: 82
EHDV.DE Calmar Ratio Rank: 83
EHDV.DE Martin Ratio Rank: 76

SLVO

SLVO Risk / Return Rank: 33
SLVO Sharpe Ratio Rank: 30
SLVO Sortino Ratio Rank: 26
SLVO Omega Ratio Rank: 36
SLVO Calmar Ratio Rank: 33
SLVO Martin Ratio Rank: 43

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.

EHDV.DE vs. SLVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist (EHDV.DE) 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.

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.

	EHDV.DE	SLVO	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.13	+1.19
Sortino ratio: Return per unit of downside risk	3.08	1.46	+1.62
Omega ratio: Gain probability vs. loss probability	1.43	1.25	+0.18
Calmar ratio: Return relative to maximum drawdown	3.93	1.80	+2.13
Martin ratio: Return relative to average drawdown	12.70	7.07	+5.63

EHDV.DE vs. SLVO - Sharpe Ratio Comparison

The current EHDV.DE Sharpe Ratio is 2.32, which is higher than the SLVO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of EHDV.DE and SLVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EHDV.DE vs. SLVO - Drawdown Comparison

The maximum EHDV.DE drawdown since its inception was -39.57%, which is greater than SLVO's maximum drawdown of -19.32%. Use the drawdown chart below to compare losses from any high point for EHDV.DE and SLVO.

Drawdown Indicators

	EHDV.DE	SLVO	Difference
Max Drawdown Largest peak-to-trough decline	-39.57%	-19.32%	-20.25%
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	-19.32%	+13.22%
Max Drawdown (3Y) Largest decline over 3 years	-12.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.57%	—	—
Current Drawdown Current decline from peak	-1.28%	-17.97%	+16.69%
Average Drawdown Average peak-to-trough decline	-5.87%	-3.54%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	4.90%	-3.01%

Volatility

EHDV.DE vs. SLVO - Volatility Comparison

The current volatility for Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist (EHDV.DE) is 2.97%, while UBS ETRACS Silver Shares Covered Call ETN (SLVO) has a volatility of 11.86%. This indicates that EHDV.DE experiences smaller price fluctuations and is considered to be less risky than SLVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EHDV.DE	SLVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	11.86%	-8.89%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	28.74%	-20.60%
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	30.81%	-20.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	25.52%	-12.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	25.52%	-10.02%

EHDV.DE vs. SLVO - Expense Ratio Comparison

EHDV.DE has a 0.30% expense ratio, which is lower than SLVO's 0.65% expense ratio.

Dividends

EHDV.DE vs. SLVO - Dividend Comparison

EHDV.DE's dividend yield for the trailing twelve months is around 3.76%, less than SLVO's 70.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EHDV.DE Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist	3.76%	4.70%	5.80%	5.57%	5.61%	4.18%	3.02%	4.47%	4.42%	3.44%	3.59%
SLVO UBS ETRACS Silver Shares Covered Call ETN	70.74%	19.35%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EHDV.DE and SLVO in my portfolio?

EHDV.DE and SLVO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EHDV.DE or SLVO?

On fees, EHDV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EHDV.DE or SLVO?

EHDV.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for SLVO.

What is the main difference between EHDV.DE and SLVO?

EHDV.DE is categorized as Large Cap Value Equities, while SLVO is Silver. EHDV.DE tracks EURO iSTOXX High Dividend Low Volatility 50 Index, while SLVO tracks Credit Suisse NASDAQ Silver FLOWS 106 Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.30% for EHDV.DE and 0.65% for SLVO.