SLVX vs. KSLV

Last updated Jun 15, 2026

SLVX (Nicholas Silver Income ETF) and KSLV (Kurv Silver Enhanced Income ETF) are both Silver funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. SLVX charges 1.16%/yr vs 1.00%/yr for KSLV.

Performance

SLVX vs. KSLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Silver Income ETF (SLVX) and Kurv Silver Enhanced Income ETF (KSLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SLVX

• 1D: 3.40%
• 1M: -14.36%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KSLV

• 1D: 0.37%
• 1M: -12.42%
• YTD: -6.87%
• 6M: 8.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLVX vs. KSLV - Yearly Performance Comparison

	2026 (YTD)
SLVX Nicholas Silver Income ETF	-19.87%
KSLV Kurv Silver Enhanced Income ETF	-9.92%

Correlation

The correlation between SLVX and KSLV is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026	0.90

Return for Risk

SLVX vs. KSLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Silver Income ETF (SLVX) and Kurv Silver Enhanced Income ETF (KSLV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

SLVX vs. KSLV - Drawdown Comparison

The maximum SLVX drawdown since its inception was -40.32%, smaller than the maximum KSLV drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for SLVX and KSLV.

Drawdown Indicators

	SLVX	KSLV	Difference
Max Drawdown Largest peak-to-trough decline	-40.32%	-47.97%	+7.65%
Current Drawdown Current decline from peak	-34.17%	-44.80%	+10.63%
Average Drawdown Average peak-to-trough decline	-20.61%	-20.31%	-0.30%

Volatility

Volatility by Period

	SLVX	KSLV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	62.23%	72.30%	-10.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.23%	72.30%	-10.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.23%	72.30%	-10.07%

SLVX vs. KSLV - Expense Ratio Comparison

SLVX has a 1.16% expense ratio, which is higher than KSLV's 1.00% expense ratio.

Dividends

SLVX vs. KSLV - Dividend Comparison

SLVX's dividend yield for the trailing twelve months is around 8.00%, less than KSLV's 17.97% yield.

Position	TTM	2025
KSLV Kurv Silver Enhanced Income ETF	17.97%	4.42%
SLVX Nicholas Silver Income ETF	8.00%	0.00%

Frequently Asked Questions

Can I hold both SLVX and KSLV in my portfolio?

With a correlation of 0.90, SLVX and KSLV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SLVX or KSLV?

On fees, KSLV is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLVX or KSLV?

KSLV is cheaper with a 1.00% expense ratio, compared with 1.16% for SLVX.

Which ETF pays a higher dividend yield, SLVX or KSLV?

KSLV has the higher dividend yield at 17.97%, compared with 8.00% for SLVX.

What is the main difference between SLVX and KSLV?

They also come from different issuers: Nicholas Wealth and Kurv. Their fees differ too: 1.16% for SLVX and 1.00% for KSLV.