SLVO vs. SILJ

Last updated Apr 1, 2026

Compare and contrast key facts about Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and ETFMG Prime Junior Silver Miners ETF (SILJ).

SLVO and SILJ 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. SILJ is a passively managed fund by ETFMG that tracks the performance of the Prime Junior Silver Miners & Explorers Index. It was launched on Nov 28, 2012. Both SLVO and SILJ 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. SILJ - 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 ETFMG Prime Junior Silver Miners ETF (SILJ). The values are adjusted to include any dividend payments, if applicable.

SLVO vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN	6.93%	71.20%	1.24%
SILJ ETFMG Prime Junior Silver Miners ETF	7.41%	183.89%	-14.34%

Returns By Period

In the year-to-date period, SLVO achieves a 6.93% return, which is significantly lower than SILJ's 7.41% return.

SLVO

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

SILJ

• 1D: 8.82%
• 1M: -26.25%
• YTD: 7.41%
• 6M: 31.14%
• 1Y: 149.83%
• 3Y*: 42.89%
• 5Y*: 16.70%
• 10Y*: 14.73%

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

SLVO vs. SILJ - Expense Ratio Comparison

SLVO has a 0.65% expense ratio, which is lower than SILJ's 0.69% expense ratio.

SILJ

ETFMG Prime Junior Silver Miners ETF

SLVO

Credit Suisse X-Links Silver Shares Covered Call ETN

Return for Risk

SLVO vs. SILJ — 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

SILJ

SILJ Risk / Return Rank: 95
SILJ Sharpe Ratio Rank: 97
SILJ Sortino Ratio Rank: 94
SILJ Omega Ratio Rank: 92
SILJ Calmar Ratio Rank: 96
SILJ Martin Ratio Rank: 95

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. SILJ - 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 ETFMG Prime Junior Silver Miners ETF (SILJ). 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	SILJ	Difference
Sharpe ratio Return per unit of total volatility	1.91	2.74	-0.83
Sortino ratio Return per unit of downside risk	2.17	2.83	-0.66
Omega ratio Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio Return relative to maximum drawdown	3.26	4.26	-1.00
Martin ratio Return relative to average drawdown	14.30	14.55	-0.25
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. SILJ - Sharpe Ratio Comparison

The current SLVO Sharpe Ratio is 1.91, which is lower than the SILJ Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of SLVO and SILJ, 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	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	2.74	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.09	+1.50

Correlation

The correlation between SLVO and SILJ 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. SILJ - Dividend Comparison

SLVO's dividend yield for the trailing twelve months is around 38.16%, more than SILJ's 1.86% 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%
SILJ ETFMG Prime Junior Silver Miners ETF	1.86%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%

Drawdowns

SLVO vs. SILJ - Drawdown Comparison

The maximum SLVO drawdown since its inception was -17.23%, smaller than the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for SLVO and SILJ.

Drawdown Indicators

	SLVO	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-17.23%	-79.04%	+61.81%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-34.71%	+17.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-56.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.06%	—
Current Drawdown Current decline from peak	-8.42%	-26.25%	+17.83%
Average Drawdown Average peak-to-trough decline	-2.99%	-41.67%	+38.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	10.16%	-6.23%

Volatility

SLVO vs. SILJ - Volatility Comparison

The current volatility for Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) is 14.86%, while ETFMG Prime Junior Silver Miners ETF (SILJ) has a volatility of 21.63%. This indicates that SLVO experiences smaller price fluctuations and is considered to be less risky than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVO	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.86%	21.63%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	27.43%	46.79%	-19.36%
Volatility (1Y) Calculated over the trailing 1-year period	29.61%	54.97%	-25.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.44%	44.07%	-18.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	46.61%	-21.17%