SLVO vs. SLV
Compare and contrast key facts about Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) and iShares Silver Trust (SLV).
SLVO and SLV 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. SLV is a passively managed fund by iShares that tracks the performance of the Silver Bullion. It was launched on Apr 28, 2006. Both SLVO and SLV 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 SLV.
Key characteristics
| SLVO | SLV | |
|---|---|---|
| YTD Return | 23.95% | 27.69% |
| 1Y Return | 26.44% | 29.65% |
| 3Y Return (Ann) | 5.59% | 6.18% |
| 5Y Return (Ann) | 8.44% | 11.93% |
| 10Y Return (Ann) | 3.84% | 6.03% |
| Sharpe Ratio | 1.44 | 1.02 |
| Sortino Ratio | 1.99 | 1.57 |
| Omega Ratio | 1.26 | 1.19 |
| Calmar Ratio | 1.18 | 0.55 |
| Martin Ratio | 5.91 | 4.13 |
| Ulcer Index | 4.80% | 7.59% |
| Daily Std Dev | 19.75% | 30.86% |
| Max Drawdown | -55.08% | -76.28% |
| Current Drawdown | -7.29% | -41.16% |
Correlation
The correlation between SLVO and SLV 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. SLV - Performance Comparison
In the year-to-date period, SLVO achieves a 23.95% return, which is significantly lower than SLV's 27.69% return. Over the past 10 years, SLVO has underperformed SLV with an annualized return of 3.84%, while SLV has yielded a comparatively higher 6.03% 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. SLV - Expense Ratio Comparison
SLVO has a 0.65% expense ratio, which is higher than SLV's 0.50% expense ratio.
Risk-Adjusted Performance
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.
Dividends
SLVO vs. SLV - Dividend Comparison
SLVO's dividend yield for the trailing twelve months is around 17.51%, while SLV 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% |
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. For additional features, visit the drawdowns tool.
Volatility
SLVO vs. SLV - Volatility Comparison
The current volatility for Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) is 6.62%, while iShares Silver Trust (SLV) has a volatility of 10.80%. 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.