Credit Suisse X-Links Silver Shares Covered Call ETNs due April 21, 2033
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
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.
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Create your own algorithmic trading strategy with SLVO using Composer
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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.