SLVO vs. AWP

Last updated Jun 4, 2026

SLVO (UBS ETRACS Silver Shares Covered Call ETN) and AWP (abrdn Global Premier Properties Fund) are both funds - SLVO is a Silver fund tracking the Credit Suisse NASDAQ Silver FLOWS 106 Index, while AWP is a REIT fund actively managed by abrdn. SLVO is passively managed, while AWP is actively managed. Over the past year, SLVO returned 62.53% vs 7.44% for AWP. At a 0.17 correlation, their price movements are largely independent. SLVO charges 0.65%/yr vs 1.19%/yr for AWP.

Performance

SLVO vs. AWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS ETRACS Silver Shares Covered Call ETN (SLVO) and abrdn Global Premier Properties Fund (AWP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLVO achieves a 13.49% return, which is significantly higher than AWP's 3.18% return.

SLVO

• 1D: -1.17%
• 1M: 4.05%
• YTD: 13.49%
• 6M: 17.86%
• 1Y: 62.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AWP

• 1D: -0.44%
• 1M: -3.34%
• YTD: 3.18%
• 6M: 2.11%
• 1Y: 7.44%
• 3Y*: 12.51%
• 5Y*: -0.49%
• 10Y*: 6.71%

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

SLVO vs. AWP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLVO UBS ETRACS Silver Shares Covered Call ETN	13.49%	71.20%	1.24%
AWP abrdn Global Premier Properties Fund	3.18%	12.43%	8.07%

Correlation

The correlation between SLVO and AWP is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024	0.17

Return for Risk

SLVO vs. AWP — Risk / Return Rank

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

SLVO

SLVO Risk / Return Rank: 66
SLVO Sharpe Ratio Rank: 62
SLVO Sortino Ratio Rank: 48
SLVO Omega Ratio Rank: 72
SLVO Calmar Ratio Rank: 72
SLVO Martin Ratio Rank: 77

AWP

AWP Risk / Return Rank: 6
AWP Sharpe Ratio Rank: 7
AWP Sortino Ratio Rank: 6
AWP Omega Ratio Rank: 6
AWP Calmar Ratio Rank: 6
AWP Martin Ratio Rank: 7

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.

SLVO vs. AWP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETRACS Silver Shares Covered Call ETN (SLVO) and abrdn Global Premier Properties Fund (AWP). 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.

	SLVO	AWP	Difference
Sharpe ratio Return per unit of total volatility	2.13	0.53	+1.60
Sortino ratio Return per unit of downside risk	2.39	0.83	+1.56
Omega ratio Gain probability vs. loss probability	1.44	1.10	+0.33
Calmar ratio Return relative to maximum drawdown	3.65	0.53	+3.12
Martin ratio Return relative to average drawdown	15.01	2.15	+12.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLVO vs. AWP - Sharpe Ratio Comparison

The current SLVO Sharpe Ratio is 2.13, which is higher than the AWP Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of SLVO and AWP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SLVO	AWP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	0.53	+1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	0.06	+1.55

Drawdowns

SLVO vs. AWP - Drawdown Comparison

The maximum SLVO drawdown since its inception was -17.23%, smaller than the maximum AWP drawdown of -85.93%. Use the drawdown chart below to compare losses from any high point for SLVO and AWP.

Drawdown Indicators

	SLVO	AWP	Difference
Max Drawdown Largest peak-to-trough decline	-17.23%	-85.93%	+68.70%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-14.14%	-3.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.95%	—
Current Drawdown Current decline from peak	-3.22%	-7.85%	+4.63%
Average Drawdown Average peak-to-trough decline	-3.13%	-27.39%	+24.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	3.46%	+0.72%

Volatility

SLVO vs. AWP - Volatility Comparison

UBS ETRACS Silver Shares Covered Call ETN (SLVO) has a higher volatility of 6.39% compared to abrdn Global Premier Properties Fund (AWP) at 4.42%. This indicates that SLVO's price experiences larger fluctuations and is considered to be riskier than AWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVO	AWP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	4.42%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	27.33%	11.12%	+16.21%
Volatility (1Y) Calculated over the trailing 1-year period	29.53%	14.00%	+15.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.23%	22.16%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.23%	23.63%	+1.60%

SLVO vs. AWP - Expense Ratio Comparison

SLVO has a 0.65% expense ratio, which is lower than AWP's 1.19% expense ratio.

Dividends

SLVO vs. AWP - Dividend Comparison

SLVO's dividend yield for the trailing twelve months is around 46.44%, more than AWP's 12.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWP abrdn Global Premier Properties Fund	12.74%	12.50%	12.44%	12.37%	12.31%	7.02%	9.13%	8.49%	12.05%	8.90%	11.70%	10.40%
SLVO UBS ETRACS Silver Shares Covered Call ETN	46.44%	19.35%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLVO and AWP in my portfolio?

SLVO and AWP have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLVO or AWP?

SLVO has higher volatility (6.39%) compared to AWP (4.42%). In terms of maximum drawdown, SLVO dropped -17.23% vs AWP's -85.93%.

Which has better risk-adjusted returns?

SLVO currently has the higher Sharpe Ratio (2.13 vs 0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.