SLVO vs. JEPQ
Compare and contrast key facts about Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
SLVO and JEPQ 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 Group AG that tracks the performance of the Credit Suisse NASDAQ Silver FLOWS 106 Index. It was launched on Apr 17, 2013. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLVO or JEPQ.
Key characteristics
| SLVO | JEPQ | |
|---|---|---|
| YTD Return | 23.95% | 23.12% |
| 1Y Return | 26.44% | 27.93% |
| Sharpe Ratio | 1.44 | 2.29 |
| Sortino Ratio | 1.99 | 2.99 |
| Omega Ratio | 1.26 | 1.47 |
| Calmar Ratio | 1.18 | 2.60 |
| Martin Ratio | 5.91 | 11.26 |
| Ulcer Index | 4.80% | 2.48% |
| Daily Std Dev | 19.75% | 12.19% |
| Max Drawdown | -55.08% | -16.82% |
| Current Drawdown | -7.29% | -0.21% |
Correlation
The correlation between SLVO and JEPQ is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SLVO vs. JEPQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with SLVO having a 23.95% return and JEPQ slightly lower at 23.12%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SLVO vs. JEPQ - Expense Ratio Comparison
SLVO has a 0.65% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
SLVO vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.
Dividends
SLVO vs. JEPQ - Dividend Comparison
SLVO's dividend yield for the trailing twelve months is around 17.51%, more than JEPQ's 9.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN | 17.51% | 16.50% | 17.33% | 25.41% | 25.30% | 7.31% | 6.11% | 9.06% | 18.16% | 15.26% | 16.48% | 11.39% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.37% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SLVO vs. JEPQ - Drawdown Comparison
The maximum SLVO drawdown since its inception was -55.08%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for SLVO and JEPQ. For additional features, visit the drawdowns tool.
Volatility
SLVO vs. JEPQ - Volatility Comparison
Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) has a higher volatility of 6.62% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.35%. This indicates that SLVO's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.