SLV vs. KSLV

Last updated Jun 4, 2026

SLV (iShares Silver Trust) and KSLV (Kurv Silver Enhanced Income ETF) are both Silver funds. SLV is passively managed, while KSLV is actively managed. With a 0.99 correlation, they move nearly in lockstep. SLV charges 0.50%/yr vs 1.00%/yr for KSLV.

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.

Returns By Period

In the year-to-date period, SLV achieves a 2.78% return, which is significantly higher than KSLV's 1.22% return.

SLV

• 1D: -2.62%
• 1M: 0.41%
• YTD: 2.78%
• 6M: 24.76%
• 1Y: 110.59%
• 3Y*: 45.06%
• 5Y*: 20.76%
• 10Y*: 15.55%

KSLV

• 1D: -2.82%
• 1M: -0.37%
• YTD: 1.22%
• 6M: 21.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLV vs. KSLV - Yearly Performance Comparison

	2026 (YTD)	2025
SLV iShares Silver Trust	2.78%	52.04%
KSLV Kurv Silver Enhanced Income ETF	1.22%	48.94%

Correlation

The correlation between SLV and KSLV is 0.99 - 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	0.99

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: 47
SLV Sharpe Ratio Rank: 54
SLV Sortino Ratio Rank: 40
SLV Omega Ratio Rank: 56
SLV Calmar Ratio Rank: 52
SLV Martin Ratio Rank: 36

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	1.89	—	—
Sortino ratio Return per unit of downside risk	2.07	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	2.62	—	—
Martin ratio Return relative to average drawdown	5.64	—	—
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	1.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	1.17	-0.92

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 (3Y) Largest decline over 3 years	-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	-37.30%	-40.01%	+2.71%
Average Drawdown Average peak-to-trough decline	-44.67%	-19.42%	-25.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.67%	—	—

Volatility

Volatility by Period

	SLV	KSLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	58.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.90%	72.60%	-13.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.15%	72.60%	-36.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.84%	72.60%	-40.76%

SLV vs. KSLV - Expense Ratio Comparison

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

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 16.53%.

Position	TTM	2025
KSLV Kurv Silver Enhanced Income ETF	16.53%	4.42%
SLV iShares Silver Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLV and KSLV in my portfolio?

With a correlation of 0.99, SLV and KSLV 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, SLV or KSLV?

On fees, SLV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLV or KSLV?

SLV is cheaper with a 0.50% expense ratio, compared with 1.00% for KSLV.

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

KSLV has the higher dividend yield at 16.53%, compared with 0.00% for SLV.

What is the main difference between SLV and KSLV?

They also come from different issuers: iShares and Kurv. Their fees differ too: 0.50% for SLV and 1.00% for KSLV.