SLVX vs. MINY

Last updated Jul 17, 2026

SLVX (Nicholas Silver Income ETF) and MINY (YieldMax Strategic Metals & Mining Portfolio Option Income ETF) are both exchange-traded funds - SLVX is a Silver fund actively managed by Nicholas Wealth, while MINY is a Rare Earth & Strategic Metals fund actively managed by YieldMax. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. SLVX charges 1.16%/yr vs 1.01%/yr for MINY.

Performance

SLVX vs. MINY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Silver Income ETF (SLVX) and YieldMax Strategic Metals & Mining Portfolio Option Income ETF (MINY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SLVX

• 1D: -5.53%
• 1M: -24.16%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MINY

• 1D: -3.27%
• 1M: -13.53%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLVX vs. MINY - Yearly Performance Comparison

	2026 (YTD)
SLVX Nicholas Silver Income ETF	-44.09%
MINY YieldMax Strategic Metals & Mining Portfolio Option Income ETF	-21.66%

Correlation

The correlation between SLVX and MINY is 0.86, 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 27, 2026	0.86

Return for Risk

SLVX vs. MINY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Silver Income ETF (SLVX) and YieldMax Strategic Metals & Mining Portfolio Option Income ETF (MINY). 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. MINY - Drawdown Comparison

The maximum SLVX drawdown since its inception was -45.89%, which is greater than MINY's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for SLVX and MINY.

Drawdown Indicators

	SLVX	MINY	Difference
Max Drawdown Largest peak-to-trough decline	-45.89%	-22.19%	-23.70%
Current Drawdown Current decline from peak	-45.89%	-22.19%	-23.70%
Average Drawdown Average peak-to-trough decline	-24.48%	-10.60%	-13.88%

Volatility

Volatility by Period

	SLVX	MINY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	60.98%	34.72%	+26.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.98%	34.72%	+26.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.98%	34.72%	+26.26%

SLVX vs. MINY - Expense Ratio Comparison

SLVX has a 1.16% expense ratio, which is higher than MINY's 1.01% expense ratio.

Dividends

SLVX vs. MINY - Dividend Comparison

SLVX's dividend yield for the trailing twelve months is around 12.60%, less than MINY's 13.89% yield.

Position	TTM
MINY YieldMax Strategic Metals & Mining Portfolio Option Income ETF	13.89%
SLVX Nicholas Silver Income ETF	12.60%

Frequently Asked Questions

Can I hold both SLVX and MINY in my portfolio?

SLVX and MINY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLVX or MINY?

On fees, MINY is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLVX or MINY?

MINY is cheaper with a 1.01% expense ratio, compared with 1.16% for SLVX.

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

MINY has the higher dividend yield at 13.89%, compared with 12.60% for SLVX.

What is the main difference between SLVX and MINY?

SLVX is categorized as Silver, while MINY is Rare Earth & Strategic Metals. They also come from different issuers: Nicholas Wealth and YieldMax. Their fees differ too: 1.16% for SLVX and 1.01% for MINY.