SLVO vs. SCHD

Last updated Apr 1, 2026

Compare and contrast key facts about Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and Schwab U.S. Dividend Equity ETF (SCHD).

SLVO and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both SLVO and SCHD 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. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

SLVO vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN	6.93%	71.20%	1.24%
SCHD Schwab U.S. Dividend Equity ETF	12.79%	4.34%	7.94%

Returns By Period

In the year-to-date period, SLVO achieves a 6.93% return, which is significantly lower than SCHD's 12.79% return.

SLVO

• 1D: 6.33%
• 1M: -7.38%
• YTD: 6.93%
• 6M: 24.18%
• 1Y: 56.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHD

• 1D: 0.66%
• 1M: -2.61%
• YTD: 12.79%
• 6M: 14.49%
• 1Y: 13.97%
• 3Y*: 12.05%
• 5Y*: 8.44%
• 10Y*: 12.31%

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

SLVO vs. SCHD - Expense Ratio Comparison

SLVO has a 0.65% expense ratio, which is higher than SCHD's 0.06% expense ratio.

SLVO

Credit Suisse X-Links Silver Shares Covered Call ETN

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

SLVO vs. SCHD — Risk / Return Rank

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

SLVO

SLVO Risk / Return Rank: 91
SLVO Sharpe Ratio Rank: 90
SLVO Sortino Ratio Rank: 84
SLVO Omega Ratio Rank: 93
SLVO Calmar Ratio Rank: 92
SLVO Martin Ratio Rank: 94

SCHD

SCHD Risk / Return Rank: 52
SCHD Sharpe Ratio Rank: 54
SCHD Sortino Ratio Rank: 55
SCHD Omega Ratio Rank: 54
SCHD Calmar Ratio Rank: 53
SCHD Martin Ratio Rank: 45

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. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio Return per unit of total volatility	1.91	0.89	+1.02
Sortino ratio Return per unit of downside risk	2.17	1.35	+0.83
Omega ratio Gain probability vs. loss probability	1.42	1.19	+0.23
Calmar ratio Return relative to maximum drawdown	3.26	1.19	+2.06
Martin ratio Return relative to average drawdown	14.30	3.99	+10.31
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. SCHD - Sharpe Ratio Comparison

The current SLVO Sharpe Ratio is 1.91, which is higher than the SCHD Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of SLVO and SCHD, 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	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	0.89	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.84	+0.75

Correlation

The correlation between SLVO and SCHD is 0.11, 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.

Dividends

SLVO vs. SCHD - Dividend Comparison

SLVO's dividend yield for the trailing twelve months is around 38.16%, more than SCHD's 3.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN	38.16%	19.35%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.44%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Drawdowns

SLVO vs. SCHD - Drawdown Comparison

The maximum SLVO drawdown since its inception was -17.23%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SLVO and SCHD.

Drawdown Indicators

	SLVO	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-17.23%	-33.37%	+16.14%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-12.74%	-4.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-8.42%	-2.89%	-5.53%
Average Drawdown Average peak-to-trough decline	-2.99%	-3.34%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	3.89%	+0.04%

Volatility

SLVO vs. SCHD - Volatility Comparison

Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) has a higher volatility of 14.86% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.40%. This indicates that SLVO's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVO	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.86%	2.40%	+12.46%
Volatility (6M) Calculated over the trailing 6-month period	27.43%	7.96%	+19.47%
Volatility (1Y) Calculated over the trailing 1-year period	29.61%	15.74%	+13.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.44%	14.40%	+11.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	16.70%	+8.74%