KSLV vs. PSLV

Last updated Jun 5, 2026

KSLV (Kurv Silver Enhanced Income ETF) and PSLV (Sprott Physical Silver Trust) are both Silver funds. KSLV is actively managed, while PSLV is passively managed. With a 0.97 correlation, they move nearly in lockstep. KSLV charges 1.00%/yr vs 0.51%/yr for PSLV.

Performance

KSLV vs. PSLV - Performance Comparison

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

Returns By Period

In the year-to-date period, KSLV achieves a 2.61% return, which is significantly higher than PSLV's -0.89% return.

KSLV

• 1D: 1.37%
• 1M: 1.03%
• YTD: 2.61%
• 6M: 25.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSLV

• 1D: 0.90%
• 1M: -0.64%
• YTD: -0.89%
• 6M: 23.11%
• 1Y: 102.24%
• 3Y*: 42.33%
• 5Y*: 18.65%
• 10Y*: 14.02%

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

KSLV vs. PSLV - Yearly Performance Comparison

	2026 (YTD)	2025
KSLV Kurv Silver Enhanced Income ETF	2.61%	48.94%
PSLV Sprott Physical Silver Trust	-0.89%	50.64%

Correlation

The correlation between KSLV and PSLV is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.97

Return for Risk

KSLV vs. PSLV — Risk / Return Rank

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

PSLV

PSLV Risk / Return Rank: 47
PSLV Sharpe Ratio Rank: 52
PSLV Sortino Ratio Rank: 39
PSLV Omega Ratio Rank: 54
PSLV Calmar Ratio Rank: 52
PSLV Martin Ratio Rank: 37

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. PSLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Silver Enhanced Income ETF (KSLV) and Sprott Physical Silver Trust (PSLV). 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

	KSLV	PSLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.76	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.17	+1.04

Drawdowns

KSLV vs. PSLV - Drawdown Comparison

The maximum KSLV drawdown since its inception was -44.77%, smaller than the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for KSLV and PSLV.

Drawdown Indicators

	KSLV	PSLV	Difference
Max Drawdown Largest peak-to-trough decline	-44.77%	-79.38%	+34.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-40.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-40.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.79%	—
Current Drawdown Current decline from peak	-39.18%	-35.53%	-3.65%
Average Drawdown Average peak-to-trough decline	-19.54%	-58.15%	+38.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.38%	—

Volatility

Volatility by Period

	KSLV	PSLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	57.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	72.40%	58.49%	+13.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.40%	35.64%	+36.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.40%	31.14%	+41.26%

KSLV vs. PSLV - Expense Ratio Comparison

KSLV has a 1.00% expense ratio, which is higher than PSLV's 0.51% expense ratio.

Dividends

KSLV vs. PSLV - Dividend Comparison

KSLV's dividend yield for the trailing twelve months is around 16.31%, while PSLV has not paid dividends to shareholders.

Position	TTM	2025
KSLV Kurv Silver Enhanced Income ETF	16.31%	4.42%
PSLV Sprott Physical Silver Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both KSLV and PSLV in my portfolio?

With a correlation of 0.97, KSLV and PSLV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, KSLV or PSLV?

On fees, PSLV is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KSLV or PSLV?

PSLV is cheaper with a 0.51% expense ratio, compared with 1.00% for KSLV.

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

KSLV has the higher dividend yield at 16.31%, compared with 0.00% for PSLV.

What is the main difference between KSLV and PSLV?

They also come from different issuers: Kurv and Sprott. Their fees differ too: 1.00% for KSLV and 0.51% for PSLV.