SLVOUBS ETRACS Silver Shares Covered Call ETN
Provides exposure to a monthly covered call strategy on iShares Silver Trust (SLV) shares, paying variable monthly cash coupons from notional call option premiums.
By UBS AG · Launched 2013
Annual Cost
0.65%
#3,547 of 6,040 · average
Fund Size
$438M
#1,765 of 6,040 · large
Return (1Y)
+32.8%
Track Record
13 years
#1,065 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$13,107+31.1%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Credit Suisse NASDAQ Silver FLOWS 106 Index
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
34.5%High
Year-on-year price swings
Max drawdown
-44.1%Severe
Worst peak-to-trough loss
Sharpe (3Y)
1.08Strong risk-adjusted returns
Sortino (3Y)
1.45Good downside protection
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Provides exposure to a monthly covered call strategy on iShares Silver Trust (SLV) shares, paying variable monthly cash coupons from notional call option premiums.
- Strategy
- Tracks the Credit Suisse NASDAQ Silver FLOWS 106 Index, which reflects a covered call strategy on iShares Silver Trust (SLV) shares — combining changes in the SLV share price with notional premiums received from the monthly sale of call options on SLV, less notional transaction costs. Pays variable monthly cash coupons funded by those notional option premiums.
- Inception date
- April 16, 2013
- Fund family
- UBS AG
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save SLVO to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18