SLVX vs. SLV
SLVX (Nicholas Silver Income ETF) and SLV (iShares Silver Trust) are both Silver funds. SLVX is actively managed, while SLV is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. SLVX charges 1.16%/yr vs 0.50%/yr for SLV.
Performance
SLVX vs. SLV - Performance Comparison
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Returns By Period
SLVX
- 1D
- -2.53%
- 1M
- -10.85%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLV
- 1D
- -1.81%
- 1M
- -14.31%
- YTD
- -7.62%
- 6M
- -2.33%
- 1Y
- 81.88%
- 3Y*
- 38.96%
- 5Y*
- 20.04%
- 10Y*
- 13.58%
SLVX vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SLVX Nicholas Silver Income ETF | -18.76% |
SLV iShares Silver Trust | -10.34% |
Correlation
The correlation between SLVX and SLV is 0.91, 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 | 0.91 |
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Return for Risk
SLVX vs. SLV — Risk / Return Rank
SLVX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLV
SLVX vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Silver Income ETF (SLVX) 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.
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.
| SLVX | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.75 | — |
| Martin ratioReturn relative to average drawdown | — | 3.68 | — |
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Drawdowns
SLVX vs. SLV - Drawdown Comparison
The maximum SLVX drawdown since its inception was -40.32%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SLVX and SLV.
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Drawdown Indicators
| SLVX | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.32% | -76.28% | +35.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -45.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.40% | — |
Current DrawdownCurrent decline from peak | -33.25% | -43.65% | +10.40% |
Average DrawdownAverage peak-to-trough decline | -21.09% | -44.65% | +23.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.52% | — |
Volatility
SLVX vs. SLV - Volatility Comparison
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Volatility by Period
| SLVX | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 62.35% | 60.10% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.35% | 36.50% | +25.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.35% | 32.04% | +30.31% |
SLVX vs. SLV - Expense Ratio Comparison
SLVX has a 1.16% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
SLVX vs. SLV - Dividend Comparison
SLVX's dividend yield for the trailing twelve months is around 8.34%, while SLV has not paid dividends to shareholders.
| Position | TTM |
|---|---|
SLV iShares Silver Trust | 0.00% |
SLVX Nicholas Silver Income ETF | 8.34% |
Frequently Asked Questions
With a correlation of 0.91, SLVX and SLV 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.
On fees, SLV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLV is cheaper with a 0.50% expense ratio, compared with 1.16% for SLVX.
SLVX has the higher dividend yield at 8.34%, compared with 0.00% for SLV.
They also come from different issuers: Nicholas Wealth and iShares. Their fees differ too: 1.16% for SLVX and 0.50% for SLV.
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