SLV vs. KSLV

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Silver Trust (SLV) and Kurv Silver Enhanced Income ETF (KSLV).

SLV and KSLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006. KSLV is an actively managed fund by Kurv. It was launched on Sep 29, 2025.

Performance

SLV vs. KSLV - Performance Comparison

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

SLV vs. KSLV - Yearly Performance Comparison

	2026 (YTD)	2025
SLV iShares Silver Trust	5.77%	52.04%
KSLV Kurv Silver Enhanced Income ETF	5.32%	48.94%

Returns By Period

In the year-to-date period, SLV achieves a 5.77% return, which is significantly higher than KSLV's 5.32% return.

SLV

• 1D: 7.27%
• 1M: -19.83%
• YTD: 5.77%
• 6M: 60.82%
• 1Y: 119.88%
• 3Y*: 45.50%
• 5Y*: 24.10%
• 10Y*: 16.87%

KSLV

• 1D: 7.16%
• 1M: -21.47%
• YTD: 5.32%
• 6M: 56.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLV vs. KSLV - Expense Ratio Comparison

SLV has a 0.50% expense ratio, which is lower than KSLV's 1.00% expense ratio.

KSLV

Kurv Silver Enhanced Income ETF

SLV

iShares Silver Trust

Return for Risk

SLV vs. KSLV — Risk / Return Rank

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

SLV

SLV Risk / Return Rank: 89
SLV Sharpe Ratio Rank: 93
SLV Sortino Ratio Rank: 86
SLV Omega Ratio Rank: 92
SLV Calmar Ratio Rank: 90
SLV Martin Ratio Rank: 83

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.

SLV vs. KSLV - Risk-Adjusted Trends Comparison

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

	SLV	KSLV	Difference
Sharpe ratio Return per unit of total volatility	2.11	—	—
Sortino ratio Return per unit of downside risk	2.20	—	—
Omega ratio Gain probability vs. loss probability	1.39	—	—
Calmar ratio Return relative to maximum drawdown	2.82	—	—
Martin ratio Return relative to average drawdown	8.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SLV	KSLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	1.87	-1.62

Correlation

The correlation between SLV and KSLV is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SLV vs. KSLV - Dividend Comparison

SLV has not paid dividends to shareholders, while KSLV's dividend yield for the trailing twelve months is around 10.90%.

	TTM	2025
SLV iShares Silver Trust	0.00%	0.00%
KSLV Kurv Silver Enhanced Income ETF	10.90%	4.42%

Drawdowns

SLV vs. KSLV - Drawdown Comparison

The maximum SLV drawdown since its inception was -76.28%, which is greater than KSLV's maximum drawdown of -44.77%. Use the drawdown chart below to compare losses from any high point for SLV and KSLV.

Drawdown Indicators

	SLV	KSLV	Difference
Max Drawdown Largest peak-to-trough decline	-76.28%	-44.77%	-31.51%
Max Drawdown (1Y) Largest decline over 1 year	-42.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.81%	—	—
Current Drawdown Current decline from peak	-35.47%	-37.58%	+2.11%
Average Drawdown Average peak-to-trough decline	-44.76%	-13.41%	-31.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.63%	—	—

Volatility

Volatility by Period

	SLV	KSLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.07%	79.21%	-22.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.28%	79.21%	-43.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.36%	79.21%	-47.85%