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SLVO vs. SLV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SLVO and SLV is 0.14, 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.


Performance

SLVO vs. SLV - 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 iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SLVO:

1.06

SLV:

0.47

Sortino Ratio

SLVO:

1.35

SLV:

0.59

Omega Ratio

SLVO:

1.19

SLV:

1.07

Calmar Ratio

SLVO:

1.53

SLV:

0.17

Martin Ratio

SLVO:

3.92

SLV:

0.98

Ulcer Index

SLVO:

4.98%

SLV:

8.46%

Daily Std Dev

SLVO:

19.93%

SLV:

29.65%

Max Drawdown

SLVO:

-55.08%

SLV:

-76.28%

Current Drawdown

SLVO:

0.00%

SLV:

-33.16%

Returns By Period

In the year-to-date period, SLVO achieves a 19.01% return, which is significantly lower than SLV's 19.98% return. Over the past 10 years, SLVO has underperformed SLV with an annualized return of 4.85%, while SLV has yielded a comparatively higher 7.46% annualized return.


SLVO

YTD

19.01%

1M

5.44%

6M

13.84%

1Y

20.88%

3Y*

13.99%

5Y*

11.50%

10Y*

4.85%

SLV

YTD

19.98%

1M

8.48%

6M

13.67%

1Y

13.80%

3Y*

16.02%

5Y*

13.90%

10Y*

7.46%

*Annualized

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iShares Silver Trust

SLVO vs. SLV - Expense Ratio Comparison

SLVO has a 0.65% expense ratio, which is higher than SLV's 0.50% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

SLVO vs. SLV — Risk-Adjusted Performance Rank

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

SLVO
The Risk-Adjusted Performance Rank of SLVO is 7979
Overall Rank
The Sharpe Ratio Rank of SLVO is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of SLVO is 7474
Sortino Ratio Rank
The Omega Ratio Rank of SLVO is 7575
Omega Ratio Rank
The Calmar Ratio Rank of SLVO is 8888
Calmar Ratio Rank
The Martin Ratio Rank of SLVO is 7777
Martin Ratio Rank

SLV
The Risk-Adjusted Performance Rank of SLV is 3232
Overall Rank
The Sharpe Ratio Rank of SLV is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of SLV is 3232
Sortino Ratio Rank
The Omega Ratio Rank of SLV is 2929
Omega Ratio Rank
The Calmar Ratio Rank of SLV is 2525
Calmar Ratio Rank
The Martin Ratio Rank of SLV is 3232
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SLVO vs. SLV - 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 iShares Silver Trust (SLV). 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.


The current SLVO Sharpe Ratio is 1.06, which is higher than the SLV Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of SLVO and SLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

SLVO vs. SLV - Dividend Comparison

SLVO's dividend yield for the trailing twelve months is around 22.57%, while SLV has not paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
SLVO
Credit Suisse X-Links Silver Shares Covered Call ETN
22.57%20.36%16.50%17.31%25.43%25.32%7.30%6.11%9.06%18.15%15.26%16.48%
SLV
iShares Silver Trust
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. SLV - Drawdown Comparison

The maximum SLVO drawdown since its inception was -55.08%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SLVO and SLV.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

SLVO vs. SLV - Volatility Comparison

The current volatility for Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) is 4.25%, while iShares Silver Trust (SLV) has a volatility of 8.23%. This indicates that SLVO experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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