SLVO vs. SIVR
Compare and contrast key facts about Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and Aberdeen Standard Physical Silver Shares ETF (SIVR).
SLVO and SIVR 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. SIVR is a passively managed fund by Abrdn Plc that tracks the performance of the LBMA Silver Price ($/ozt). It was launched on Jul 24, 2009. Both SLVO and SIVR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLVO or SIVR.
Key characteristics
| SLVO | SIVR | |
|---|---|---|
| YTD Return | 23.95% | 27.93% |
| 1Y Return | 26.44% | 29.87% |
| 3Y Return (Ann) | 5.59% | 6.42% |
| 5Y Return (Ann) | 8.44% | 12.15% |
| 10Y Return (Ann) | 3.84% | 6.23% |
| Sharpe Ratio | 1.44 | 1.01 |
| Sortino Ratio | 1.99 | 1.56 |
| Omega Ratio | 1.26 | 1.19 |
| Calmar Ratio | 1.18 | 0.56 |
| Martin Ratio | 5.91 | 4.20 |
| Ulcer Index | 4.80% | 7.53% |
| Daily Std Dev | 19.75% | 31.18% |
| Max Drawdown | -55.08% | -75.85% |
| Current Drawdown | -7.29% | -39.56% |
Correlation
The correlation between SLVO and SIVR is 0.90, 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.
Performance
SLVO vs. SIVR - Performance Comparison
In the year-to-date period, SLVO achieves a 23.95% return, which is significantly lower than SIVR's 27.93% return. Over the past 10 years, SLVO has underperformed SIVR with an annualized return of 3.84%, while SIVR has yielded a comparatively higher 6.23% annualized return. 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. SIVR - Expense Ratio Comparison
SLVO has a 0.65% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Risk-Adjusted Performance
SLVO vs. SIVR - 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 Aberdeen Standard Physical Silver Shares ETF (SIVR). 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. SIVR - Dividend Comparison
SLVO's dividend yield for the trailing twelve months is around 17.51%, while SIVR has not paid dividends to shareholders.
| 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% |
SIVR Aberdeen Standard Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SLVO vs. SIVR - Drawdown Comparison
The maximum SLVO drawdown since its inception was -55.08%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for SLVO and SIVR. For additional features, visit the drawdowns tool.
Volatility
SLVO vs. SIVR - Volatility Comparison
The current volatility for Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) is 6.62%, while Aberdeen Standard Physical Silver Shares ETF (SIVR) has a volatility of 10.82%. This indicates that SLVO experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.