SLVO vs. MLPR
SLVO (UBS ETRACS Silver Shares Covered Call ETN) and MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) are both exchange-traded funds - SLVO is a Silver fund tracking the Credit Suisse NASDAQ Silver FLOWS 106 Index, while MLPR is a Leveraged Equities fund tracking the Alerian MLP Index (150%). Both are passively managed. Over the past year, SLVO returned 28.85% vs 39.67% for MLPR. Their 0.05 correlation means their historical movements had little consistent relationship. SLVO charges 0.65%/yr vs 0.95%/yr for MLPR.
Performance
SLVO vs. MLPR - Performance Comparison
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Returns By Period
In the year-to-date period, SLVO achieves a -4.64% return, which is significantly lower than MLPR's 39.50% return.
SLVO
- 1D
- -1.56%
- 1M
- -3.21%
- 6M
- -0.08%
- YTD
- -4.64%
- 1Y
- 28.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.05%
MLPR
- 1D
- 1.62%
- 1M
- 11.14%
- 6M
- 25.11%
- YTD
- 39.50%
- 1Y
- 39.67%
- 3Y*
- 31.28%
- 5Y*
- 31.23%
- 10Y*
- —
- ALL TIME*
- 32.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.92K | $44.03K | $37.73K | |
| $28.82M | $16.45M | $13.40M |
SLVO vs. MLPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLVO UBS ETRACS Silver Shares Covered Call ETN | -4.64% | 71.20% | 0.94% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 39.50% | 9.83% | 12.69% |
Correlation
The correlation between SLVO and MLPR is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.05 |
The correlation between SLVO and MLPR shifts across timeframes, from -0.06 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SLVO vs. MLPR — Risk / Return Rank
SLVO
MLPR
SLVO vs. MLPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETRACS Silver Shares Covered Call ETN (SLVO) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLVO | MLPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.55 | -1.20 |
| Martin ratioReturn relative to average drawdown | 3.86 | 7.25 | -3.39 |
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Drawdowns
SLVO vs. MLPR - Drawdown Comparison
The maximum SLVO drawdown since its inception was -22.21%, smaller than the maximum MLPR drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for SLVO and MLPR.
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Drawdown Indicators
| SLVO | MLPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -48.98% | +26.77% |
Max Drawdown (1Y)Largest decline over 1 year | -22.21% | -14.31% | -7.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.66% | — |
Current DrawdownCurrent decline from peak | -18.68% | -0.13% | -18.55% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -8.89% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 5.35% | +2.40% |
Volatility
SLVO vs. MLPR - Volatility Comparison
UBS ETRACS Silver Shares Covered Call ETN (SLVO) has a higher volatility of 10.22% compared to ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) at 8.44%. This indicates that SLVO's price experiences larger fluctuations and is considered to be riskier than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVO | MLPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.22% | 8.44% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 31.70% | 17.18% | +14.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.46% | 22.38% | +11.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 29.11% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 33.66% | -6.89% |
SLVO vs. MLPR - Expense Ratio Comparison
SLVO has a 0.65% expense ratio, which is lower than MLPR's 0.95% expense ratio.
Dividends
SLVO vs. MLPR - Dividend Comparison
SLVO's dividend yield for the trailing twelve months is around 73.29%, more than MLPR's 8.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 8.83% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
SLVO UBS ETRACS Silver Shares Covered Call ETN | 73.29% | 19.35% | 14.45% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLVO and MLPR have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVO has higher volatility (10.22%) compared to MLPR (8.44%). In terms of maximum drawdown, SLVO dropped -22.21% vs MLPR's -48.98%.
On 1-year performance, MLPR leads with 39.67% vs 28.85% for SLVO. On fees, SLVO is cheaper at 0.65% per year. On volatility, MLPR has been the lower-risk option at 8.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MLPR has performed better with a 39.67% return vs 28.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLVO is cheaper with a 0.65% expense ratio, compared with 0.95% for MLPR.
SLVO has the higher dividend yield at 73.29%, compared with 8.83% for MLPR.
SLVO is categorized as Silver, while MLPR is Leveraged Equities. SLVO tracks Credit Suisse NASDAQ Silver FLOWS 106 Index, while MLPR tracks Alerian MLP Index (150%). Their fees differ too: 0.65% for SLVO and 0.95% for MLPR.
MLPR currently has the higher Sharpe Ratio (1.63 vs 0.90), 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.
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