SLVX vs. NUKX

Last updated Jun 17, 2026

SLVX (Nicholas Silver Income ETF) and NUKX (Nicholas Nuclear Income ETF) are both exchange-traded funds - SLVX is a Silver fund actively managed by Nicholas Wealth, while NUKX is a Derivative Income fund actively managed by Nicholas Wealth. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. SLVX charges 1.16%/yr vs 1.07%/yr for NUKX.

Performance

SLVX vs. NUKX - Performance Comparison

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

Returns By Period

SLVX

• 1D: 2.00%
• 1M: -7.18%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NUKX

• 1D: -1.58%
• 1M: -5.03%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLVX vs. NUKX - Yearly Performance Comparison

	2026 (YTD)
SLVX Nicholas Silver Income ETF	-27.65%
NUKX Nicholas Nuclear Income ETF	-11.10%

Correlation

The correlation between SLVX and NUKX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 3, 2026	0.71

Return for Risk

SLVX vs. NUKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Silver Income ETF (SLVX) and Nicholas Nuclear Income ETF (NUKX). 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. NUKX - Drawdown Comparison

The maximum SLVX drawdown since its inception was -40.32%, which is greater than NUKX's maximum drawdown of -26.54%. Use the drawdown chart below to compare losses from any high point for SLVX and NUKX.

Drawdown Indicators

	SLVX	NUKX	Difference
Max Drawdown Largest peak-to-trough decline	-40.32%	-26.54%	-13.78%
Current Drawdown Current decline from peak	-28.65%	-18.23%	-10.42%
Average Drawdown Average peak-to-trough decline	-20.82%	-8.56%	-12.26%

Volatility

Volatility by Period

	SLVX	NUKX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	62.59%	53.01%	+9.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.59%	53.01%	+9.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.59%	53.01%	+9.58%

SLVX vs. NUKX - Expense Ratio Comparison

SLVX has a 1.16% expense ratio, which is higher than NUKX's 1.07% expense ratio.

Dividends

SLVX vs. NUKX - Dividend Comparison

SLVX's dividend yield for the trailing twelve months is around 7.80%, more than NUKX's 4.58% yield.

Position	TTM
NUKX Nicholas Nuclear Income ETF	4.58%
SLVX Nicholas Silver Income ETF	7.80%

Frequently Asked Questions

Can I hold both SLVX and NUKX in my portfolio?

SLVX and NUKX have a correlation of 0.71, 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 NUKX?

On fees, NUKX is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLVX or NUKX?

NUKX is cheaper with a 1.07% expense ratio, compared with 1.16% for SLVX.

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

SLVX has the higher dividend yield at 7.80%, compared with 4.58% for NUKX.

What is the main difference between SLVX and NUKX?

SLVX is categorized as Silver, while NUKX is Derivative Income. Their fees differ too: 1.16% for SLVX and 1.07% for NUKX.