KSLV vs. SLVO
KSLV (Kurv Silver Enhanced Income ETF) and SLVO (UBS ETRACS Silver Shares Covered Call ETN) are both Silver funds. KSLV is actively managed, while SLVO is passively managed. Their correlation of 0.86 means they have usually moved in the same direction. KSLV charges 1.00%/yr vs 0.65%/yr for SLVO.
Performance
KSLV vs. SLVO - Performance Comparison
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Returns By Period
In the year-to-date period, KSLV achieves a -20.78% return, which is significantly lower than SLVO's -4.64% return.
KSLV
- 1D
- -2.48%
- 1M
- -5.64%
- 6M
- -33.87%
- YTD
- -20.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SLVO
- 1D
- -1.56%
- 1M
- -3.21%
- 6M
- -0.08%
- YTD
- -4.64%
- 1Y
- 28.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30M | $1.31M | $2.37M | |
| $28.82M | $16.45M | $13.40M |
KSLV vs. SLVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KSLV Kurv Silver Enhanced Income ETF | -20.78% | 49.94% |
SLVO UBS ETRACS Silver Shares Covered Call ETN | -4.64% | 16.09% |
Correlation
The correlation between KSLV and SLVO is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.86 |
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Return for Risk
KSLV vs. SLVO — Risk / Return Rank
KSLV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLVO
KSLV vs. SLVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Silver Enhanced Income ETF (KSLV) 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.
| KSLV | SLVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.35 | — |
| Martin ratioReturn relative to average drawdown | — | 3.86 | — |
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Drawdowns
KSLV vs. SLVO - Drawdown Comparison
The maximum KSLV drawdown since its inception was -54.73%, which is greater than SLVO's maximum drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for KSLV and SLVO.
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Drawdown Indicators
| KSLV | SLVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.73% | -22.21% | -32.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.21% | — |
Current DrawdownCurrent decline from peak | -53.05% | -18.68% | -34.37% |
Average DrawdownAverage peak-to-trough decline | -25.16% | -4.06% | -21.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.75% | — |
Volatility
KSLV vs. SLVO - Volatility Comparison
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Volatility by Period
| KSLV | SLVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 68.81% | 33.46% | +35.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.81% | 26.77% | +42.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.81% | 26.77% | +42.04% |
KSLV vs. SLVO - Expense Ratio Comparison
KSLV has a 1.00% expense ratio, which is higher than SLVO's 0.65% expense ratio.
Dividends
KSLV vs. SLVO - Dividend Comparison
KSLV's dividend yield for the trailing twelve months is around 27.07%, less than SLVO's 73.29% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KSLV Kurv Silver Enhanced Income ETF | 27.07% | 4.42% | 0.00% |
SLVO UBS ETRACS Silver Shares Covered Call ETN | 73.29% | 19.35% | 14.45% |
Frequently Asked Questions
KSLV and SLVO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SLVO is cheaper with a 0.65% expense ratio, compared with 1.00% for KSLV.
SLVO has the higher dividend yield at 73.29%, compared with 27.07% for KSLV.
They also come from different issuers: Kurv and UBS. Their fees differ too: 1.00% for KSLV and 0.65% for SLVO.
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