SLVO vs. SIL
Compare and contrast key facts about Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and Global X Silver Miners ETF (SIL).
SLVO and SIL 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. SIL is a passively managed fund by Global X that tracks the performance of the Solactive Global Silver Miners Total Return Index. It was launched on Apr 19, 2010. Both SLVO and SIL 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. SIL - Performance Comparison
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SLVO vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN | 6.93% | 71.20% | 1.24% |
SIL Global X Silver Miners ETF | 7.85% | 166.16% | -4.69% |
Returns By Period
In the year-to-date period, SLVO achieves a 6.93% return, which is significantly lower than SIL's 7.85% return.
SLVO
- 1D
- 6.33%
- 1M
- -7.38%
- YTD
- 6.93%
- 6M
- 24.18%
- 1Y
- 56.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIL
- 1D
- 7.82%
- 1M
- -23.68%
- YTD
- 7.85%
- 6M
- 27.11%
- 1Y
- 131.18%
- 3Y*
- 45.13%
- 5Y*
- 18.33%
- 10Y*
- 14.65%
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SLVO vs. SIL - Expense Ratio Comparison
Both SLVO and SIL have an expense ratio of 0.65%.
Return for Risk
SLVO vs. SIL — Risk / Return Rank
SLVO
SIL
SLVO vs. SIL - 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 Miners ETF (SIL). 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 | SIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 2.65 | -0.74 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.73 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.26 | 3.98 | -0.72 |
Martin ratioReturn relative to average drawdown | 14.30 | 13.73 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLVO | SIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 2.65 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.59 | 0.14 | +1.45 |
Correlation
The correlation between SLVO and SIL is 0.76, 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. SIL - Dividend Comparison
SLVO's dividend yield for the trailing twelve months is around 38.16%, more than SIL's 1.10% 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% |
SIL Global X Silver Miners ETF | 1.10% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
Drawdowns
SLVO vs. SIL - Drawdown Comparison
The maximum SLVO drawdown since its inception was -17.23%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for SLVO and SIL.
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Drawdown Indicators
| SLVO | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.23% | -82.99% | +65.76% |
Max Drawdown (1Y)Largest decline over 1 year | -17.23% | -32.91% | +15.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.04% | — |
Current DrawdownCurrent decline from peak | -8.42% | -23.68% | +15.26% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -51.79% | +48.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 9.53% | -5.60% |
Volatility
SLVO vs. SIL - Volatility Comparison
The current volatility for Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) is 14.86%, while Global X Silver Miners ETF (SIL) has a volatility of 19.45%. This indicates that SLVO experiences smaller price fluctuations and is considered to be less risky than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVO | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.86% | 19.45% | -4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 27.43% | 42.52% | -15.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.61% | 49.72% | -20.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.44% | 38.63% | -13.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.44% | 39.74% | -14.30% |