KSLV vs. GLD

Last updated Jul 12, 2026

KSLV (Kurv Silver Enhanced Income ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - KSLV is a Silver fund actively managed by Kurv, while GLD is a Gold fund tracking the LBMA Gold Price PM. KSLV is actively managed, while GLD is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. KSLV charges 1.00%/yr vs 0.40%/yr for GLD.

Performance

KSLV vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Silver Enhanced Income ETF (KSLV) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KSLV achieves a -18.01% return, which is significantly lower than GLD's -4.87% return.

KSLV

• 1D: -0.31%
• 1M: -11.97%
• 6M: -27.58%
• YTD: -18.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLD

• 1D: -0.31%
• 1M: -2.47%
• 6M: -9.04%
• YTD: -4.87%
• 1Y: 21.95%
• 3Y*: 28.08%
• 5Y*: 17.38%
• 10Y*: 11.48%

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

KSLV vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025
KSLV Kurv Silver Enhanced Income ETF	-18.01%	49.94%
GLD SPDR Gold Shares	-4.87%	12.44%

Correlation

The correlation between KSLV and GLD is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.83

Return for Risk

KSLV vs. GLD — Risk / Return Rank

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

KSLV

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

GLD

GLD Risk / Return Rank: 26
GLD Sharpe Ratio Rank: 28
GLD Sortino Ratio Rank: 26
GLD Omega Ratio Rank: 31
GLD Calmar Ratio Rank: 23
GLD Martin Ratio Rank: 22

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.

KSLV vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Silver Enhanced Income ETF (KSLV) and SPDR Gold Shares (GLD). 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.

	KSLV	GLD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.84	—
Sortino ratio: Return per unit of downside risk	—	1.20	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	0.89	—
Martin ratio: Return relative to average drawdown	—	2.19	—

Drawdowns

KSLV vs. GLD - Drawdown Comparison

The maximum KSLV drawdown since its inception was -53.51%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for KSLV and GLD.

Drawdown Indicators

	KSLV	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-53.51%	-45.56%	-7.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.21%	—
Current Drawdown Current decline from peak	-51.41%	-23.97%	-27.44%
Average Drawdown Average peak-to-trough decline	-23.02%	-16.18%	-6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.56%	—

Volatility

Volatility by Period

	KSLV	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	70.51%	27.78%	+42.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.51%	18.34%	+52.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.51%	16.08%	+54.43%

KSLV vs. GLD - Expense Ratio Comparison

KSLV has a 1.00% expense ratio, which is higher than GLD's 0.40% expense ratio.

Dividends

KSLV vs. GLD - Dividend Comparison

KSLV's dividend yield for the trailing twelve months is around 23.17%, while GLD has not paid dividends to shareholders.

Position	TTM	2025
GLD SPDR Gold Shares	0.00%	0.00%
KSLV Kurv Silver Enhanced Income ETF	23.17%	4.42%

Frequently Asked Questions

Can I hold both KSLV and GLD in my portfolio?

KSLV and GLD have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KSLV or GLD?

On fees, GLD is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KSLV or GLD?

GLD is cheaper with a 0.40% expense ratio, compared with 1.00% for KSLV.

Which ETF pays a higher dividend yield, KSLV or GLD?

KSLV has the higher dividend yield at 23.17%, compared with 0.00% for GLD.

What is the main difference between KSLV and GLD?

KSLV is categorized as Silver, while GLD is Gold. They also come from different issuers: Kurv and State Street. Their fees differ too: 1.00% for KSLV and 0.40% for GLD.