SLVO vs. HUZ.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and Global X Silver ETF (HUZ.TO).

SLVO and HUZ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLVO is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse NASDAQ Silver FLOWS 106 Index. It was launched on Apr 17, 2013. HUZ.TO is a passively managed fund by Global X that tracks the performance of the Solactive Silver Front Month MD Rolling Futures Index. It was launched on Jun 24, 2009. Both SLVO and HUZ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SLVO vs. HUZ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and Global X Silver ETF (HUZ.TO). The values are adjusted to include any dividend payments, if applicable.

SLVO vs. HUZ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN	7.50%	71.20%	1.24%
HUZ.TO Global X Silver ETF	4.47%	140.18%	-11.91%

Different Trading Currencies

SLVO is traded in USD, while HUZ.TO is traded in CAD. To make them comparable, the HUZ.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SLVO achieves a 7.50% return, which is significantly higher than HUZ.TO's 4.47% return.

SLVO

• 1D: 0.54%
• 1M: -6.24%
• YTD: 7.50%
• 6M: 24.74%
• 1Y: 57.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HUZ.TO

• 1D: 7.44%
• 1M: -17.66%
• YTD: 4.47%
• 6M: 55.50%
• 1Y: 114.18%
• 3Y*: 39.07%
• 5Y*: 18.11%
• 10Y*: 12.64%

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

SLVO vs. HUZ.TO - Expense Ratio Comparison

SLVO has a 0.65% expense ratio, which is lower than HUZ.TO's 1.18% expense ratio.

HUZ.TO

Global X Silver ETF

SLVO

Credit Suisse X-Links Silver Shares Covered Call ETN

Return for Risk

SLVO vs. HUZ.TO — Risk / Return Rank

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

SLVO

SLVO Risk / Return Rank: 90
SLVO Sharpe Ratio Rank: 89
SLVO Sortino Ratio Rank: 82
SLVO Omega Ratio Rank: 93
SLVO Calmar Ratio Rank: 91
SLVO Martin Ratio Rank: 94

HUZ.TO

HUZ.TO Risk / Return Rank: 82
HUZ.TO Sharpe Ratio Rank: 87
HUZ.TO Sortino Ratio Rank: 78
HUZ.TO Omega Ratio Rank: 87
HUZ.TO Calmar Ratio Rank: 83
HUZ.TO Martin Ratio Rank: 72

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. HUZ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and Global X Silver ETF (HUZ.TO). 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	HUZ.TO	Difference
Sharpe ratio Return per unit of total volatility	1.96	1.92	+0.04
Sortino ratio Return per unit of downside risk	2.21	2.07	+0.14
Omega ratio Gain probability vs. loss probability	1.43	1.36	+0.06
Calmar ratio Return relative to maximum drawdown	3.32	2.52	+0.80
Martin ratio Return relative to average drawdown	14.56	7.95	+6.61
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. HUZ.TO - Sharpe Ratio Comparison

The current SLVO Sharpe Ratio is 1.96, which is comparable to the HUZ.TO Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of SLVO and HUZ.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLVO	HUZ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.92	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	0.16	+1.45

Correlation

The correlation between SLVO and HUZ.TO is 0.85, 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

SLVO vs. HUZ.TO - Dividend Comparison

SLVO's dividend yield for the trailing twelve months is around 37.95%, while HUZ.TO has not paid dividends to shareholders.

	TTM	2025	2024
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN	37.95%	19.35%	14.45%
HUZ.TO Global X Silver ETF	0.00%	0.00%	0.00%

Drawdowns

SLVO vs. HUZ.TO - Drawdown Comparison

The maximum SLVO drawdown since its inception was -17.23%, smaller than the maximum HUZ.TO drawdown of -87.59%. Use the drawdown chart below to compare losses from any high point for SLVO and HUZ.TO.

Drawdown Indicators

	SLVO	HUZ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-17.23%	-81.06%	+63.83%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-43.11%	+25.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.84%	—
Current Drawdown Current decline from peak	-7.93%	-36.03%	+28.10%
Average Drawdown Average peak-to-trough decline	-3.00%	-55.11%	+52.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	13.90%	-9.97%

Volatility

SLVO vs. HUZ.TO - Volatility Comparison

The current volatility for Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) is 14.26%, while Global X Silver ETF (HUZ.TO) has a volatility of 19.49%. This indicates that SLVO experiences smaller price fluctuations and is considered to be less risky than HUZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVO	HUZ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.26%	19.49%	-5.23%
Volatility (6M) Calculated over the trailing 6-month period	27.43%	58.94%	-31.51%
Volatility (1Y) Calculated over the trailing 1-year period	29.61%	59.28%	-29.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.42%	39.20%	-13.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.42%	35.55%	-10.13%