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SLVO

Credit Suisse X-Links Silver Shares Covered Call ETN
D
47
ETF.com segment:
Commodities: Precious Metals Silver
Competing ETFs: SIVR, SLV, DBS, USV
Related ETF Channels: Silver, Global, Precious Metals, Buy-write, Physically Held, Covered Calls, Commodities
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*Unless otherwise stated, data provided by FactSet.

SLVO Fund Description

SLVO offers the returns of a covered-call strategy comprising long shares of a physical silver ETF (SLV) and short 1-month call options with a strike price of 106% of SLV.

SLVO Factset Analytics Insight

SLVO is neither the choice for those looking for exposure to physical silver nor does it provide pure exposure to silver futures. SLVO is structured as an ETN so it promises to track silver (and options on silver), not to hold it. Furthermore, its index has a notional short call position against the notional long position in the physically backed silver ETF, SLV. The calls are set to about 106% of the SLV’s price level. The covered call strategy gives investors indirect exposure to silver, but with limited upside as the nominal long position will get called away in periods of sharply rising prices or in volatile market environments. The tradeoff is yield as premiums from writing calls on an otherwise yield-less asset. SLVO aims to distribute the yield monthly—atypical for an ETN.

SLVO CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SLVO 2.69% 1.49% -1.65% -5.58% -7.33% -7.00% --
SLVO (NAV) 2.95% 1.43% -1.57% -5.17% -7.05% -6.88% --
Credit Suisse NASDAQ Silver FLOWS 106 Index 3.00% 1.60% -1.24% -4.56% -6.47% -6.27% --
Silver Spot Price 2.37% 0.50% -2.10% -4.42% -9.39% -6.70% 1.83%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SLVO Summary Data

Credit Suisse
04/17/13
Exchange-Traded Note
0.65%
$20.46M
$41.92K
0.87%
Fund Home Page

SLVO Portfolio Data

Physically Held
Physically Held
N/A
0

SLVO Index Data

Credit Suisse NASDAQ Silver FLOWS 106 Index
Fixed
Fixed
Silver Spot Price

SLVO Portfolio Management

0.65%
-0.57%
-0.05%
-0.63%

SLVO Tax Exposures

20.00% / 39.60%
--
No

SLVO Fund Structure

Exchange-Traded Note
No
N/A
Credit Suisse Group AG
Low
High
None
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

SLVO Factset Analytics Block Liquidity

As of 07/16/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SLVO. SLVO is rated a 5 out of 5.

SLVO Tradability

6,393
$41.92K
3,819
$25.56K
0.87%
$0.06
-0.29%
1.26% / -4.46%
None
100.00%
50,000
0.08
0.00%
--
--
$6.71
5

SLVO SECTOR BREAKDOWN


SLVO
Segment Benchmark
100.00%
100.00%

SLVO Tenor Strategy

SLVO holds physical bullion. Prices will reflect the current spot market values.

SLVO Rolling Strategy

Since SLVO holds physical bullion rather than futures contracts, it does not have a roll strategy.

SLVO Performance Statistics

0.17
0.42
0.12
0.67
0.02%