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ETFs

Credit Suisse X-Links Silver Shares Covered Call ETNs due April 21, 2033

SLVO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 15, 2013
Expense Ratio
0.65%
Type
Global Commodities & Metals
Fund Owner
Credit Suisse
Volume (1m avg. daily)
$999,939
AUM
$127,656,504
Associated Index
Credit Suisse NASDAQ Silver FLOWS 106 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with SLVO

What is SLVO?

The Credit Suisse X-Links Silver Shares Covered Call ETNs (such exchange traded notes, the ETNs ) are senior, unsecured debt securities issued by Credit Suisse AG ( Credit Suisse ), acting through its Nassau Branch that are linked to the return of the Credit Suisse NASDAQ Silver FLOWSTM (Formula-Linked OverWrite Strategy) 106 Index (the Index ). The Index seeks to implement a covered call investment strategy by maintaining a notional long position in shares of the iShares Silver Trust ETF (SLV UP <Equity>) (the SLV shares ) while notionally selling monthly out-of-the-money call options on that position. The ETNs are listed on The Nasdaq Stock Market ( Nasdaq ) under the ticker symbol SLVO 1. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in a covered call strategy on SLV shares. The ETNs pay a monthly variable cash coupon based on the notional premiums received from selling the calls.

ETFs related toSLVO

ETFs correlated to SLVO include SIVR, SLV, AGQ

SLVO
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Silver Shares Covered Call ETN
SIVR
abrdn ETF - abrdn Physical Silver Shares ETF
SLV
BlackRock Institutional Trust Company N.A. - iShares Silver Trust
AGQ
ProShares Trust - ProShares Ultra Silver 2x Shares
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
SIL
Global X Funds - Global X Silver Miners ETF
JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSLVO

#DC

Diversify with Commodities

Category

Building Blocks, Living With High Inflation, Diversification

Risk Rating

Aggressive

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SLVO using Composer

News Related to SLVO

Credit Suisse ETNs USOI, GLDI, SLVO Trading Following Effect of 1:20 Reverse Stocks Split

Sep 27, 2022 • by Charles Gross
Read

FAQ

SLVO is a Global Commodities & Metals ETF. The Credit Suisse X-Links Silver Shares Covered Call ETNs (such exchange traded notes, the ETNs ) are senior, unsecured debt securities issued by Credit Suisse AG ( Credit Suisse ), acting through its Nassau Branch that are linked to the return of the Credit Suisse NASDAQ Silver FLOWSTM (Formula-Linked OverWrite Strategy) 106 Index (the Index ). The Index seeks to implement a covered call investment strategy by maintaining a notional long position in shares of the iShares Silver Trust ETF (SLV UP <Equity>) (the SLV shares ) while notionally selling monthly out-of-the-money call options on that position. The ETNs are listed on The Nasdaq Stock Market ( Nasdaq ) under the ticker symbol SLVO 1. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in a covered call strategy on SLV shares. The ETNs pay a monthly variable cash coupon based on the notional premiums received from selling the calls.

SLVO tracks the Credit Suisse NASDAQ Silver FLOWS 106 Index.

No, SLVO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SLVO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SLVO is -0.0339%. This is the percent change in the value of SLVO over the most recent 1-month period. The 3-month return on SLVO is 0.034%. This is the percent change in the value of SLVO over the most recent 3-month period.

The standard deviation of SLVO for the past year is 0.2051%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SLVO include PPLT, IAU, and OUNZ.

ETFs correlated to SLVO include SIVR, SLV, and AGQ.

ETFs that are inversely correlated to SLVO include ZSL, GDXD, and JDST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.