SLVO ETN — Credit Suisse X-Links Silver Shares Covered Call ETN
Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO)
Updated October 2, 2026.
SLVO is an ETN linked to Silver. its distribution rate is 35.45%, its trailing-12-month yield is 72.00%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 35/100 (Elevated risk). Total return is 81.6% over the past 13.5 years, 62.3 points behind SLV at 143.9%.
At the current 35.45% distribution rate, a $10,000 investment would generate approximately $3,545 per year, or $295.42 per month.
SLVO dividend yield and income
Price as of 2026-10-02.
The distribution rate (35.45%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (72.00%) is the last year of payments divided by the current price. The last dividend was $1.899. The last ex-dividend date was 09/22/2026. It was paid on 09/25/2026. At the current 35.45% distribution rate, a $10,000 investment would generate approximately $3,545 per year, or $295.42 per month.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2026-09-22 | $1.899 | $1.899 | 44.1% |
| 2026-08-20 | $1.318 | $1.318 | -34.2% |
| 2026-07-22 | $2.004 | $2.004 | -71.5% |
| 2026-06-22 | $7.04 | $7.04 | 49.0% |
| 2026-05-20 | $4.725 | $4.725 | -2.6% |
| 2026-04-22 | $4.852 | $4.852 | 22.1% |
| 2026-03-20 | $3.974 | $3.974 | -49.8% |
| 2026-02-20 | $7.91 | $7.91 | 36.6% |
| 2026-01-21 | $5.789 | $5.789 | 115.4% |
| 2025-12-22 | $2.687 | $2.687 | -7.8% |
| 2025-11-20 | $2.915 | $2.915 | 148.1% |
| 2025-10-22 | $1.175 | $1.175 | -6.2% |
| 2025-09-22 | $1.252 | $1.252 | -20.6% |
| 2025-08-20 | $1.576 | $1.576 | 48.8% |
| 2025-07-22 | $1.059 | $1.059 | -20.4% |
| 2025-06-20 | $1.331 | $1.331 | -38.2% |
| 2025-05-21 | $2.155 | $2.155 | 3.4% |
| 2025-04-22 | $2.084 | $2.084 | 61.1% |
| 2025-03-20 | $1.294 | $1.294 | 22.1% |
| 2025-02-21 | $1.06 | $1.06 | 44.0% |
| 2025-01-22 | $0.736 | $0.736 | -21.6% |
| 2024-12-20 | $0.939 | $0.939 | -24.5% |
| 2024-11-20 | $1.244 | $1.244 | -42.1% |
| 2024-10-22 | $2.148 | $2.148 | 23.1% |
| 2024-09-20 | $1.745 | $1.745 | 12.3% |
| 2024-08-21 | $1.554 | $1.554 | 14.2% |
| 2024-07-22 | $1.361 | $1.361 | -13.4% |
| 2024-06-21 | $1.571 | $1.571 | -26.1% |
| 2024-05-21 | $2.125 | $2.125 | 182.6% |
| 2024-04-19 | $0.752 | $0.752 | 57.0% |
| 2024-03-19 | $0.479 | $0.479 | 9.1% |
| 2024-02-20 | $0.439 | $0.439 | -15.6% |
| 2024-01-19 | $0.52 | $0.52 | 59.5% |
| 2023-12-19 | $0.326 | $0.326 | -52.1% |
| 2023-11-20 | $0.681 | $0.681 | 127.8% |
| 2023-10-19 | $0.299 | $0.299 | -0.3% |
| 2023-09-19 | $0.3 | $0.3 | -81.6% |
| 2023-08-21 | $1.633 | $1.633 | 20.3% |
| 2023-07-19 | $1.357 | $1.357 | 73.1% |
| 2023-06-20 | $0.784 | $0.784 | -51.5% |
| 2023-05-19 | $1.616 | $1.616 | 71.5% |
| 2023-04-19 | $0.942 | $0.942 | 18.9% |
| 2023-03-21 | $0.792 | $0.792 | -35.0% |
| 2023-02-21 | $1.219 | $1.219 | -45.7% |
| 2023-01-19 | $2.244 | $2.244 | -3.7% |
| 2022-12-20 | $2.33 | $2.33 | 193.5% |
| 2022-11-18 | $0.794 | $0.794 | -54.3% |
| 2022-10-19 | $1.736 | $1.736 | 155.3% |
| 2022-09-20 | $0.034 | $0.68 | 21.4% |
| 2022-08-19 | $0.028 | $0.56 | -15.2% |
| 2022-07-19 | $0.033 | $0.66 | -29.8% |
| 2022-06-21 | $0.047 | $0.94 | -25.4% |
| 2022-05-19 | $0.063 | $1.26 | -53.3% |
| 2022-04-19 | $0.135 | $2.7 | 117.7% |
| 2022-03-21 | $0.062 | $1.24 | 8.8% |
| 2022-02-18 | $0.057 | $1.14 | N/A |
| 2022-01-26 | $0.0568 | $1.136 | -11.3% |
| 2022-01-20 | $0.064 | $1.28 | -22.0% |
| 2021-12-21 | $0.082 | $1.64 | 57.7% |
| 2021-11-19 | $0.052 | $1.04 | 116.7% |
| 2021-10-19 | $0.024 | $0.48 | -22.6% |
| 2021-09-21 | $0.031 | $0.62 | -38.0% |
| 2021-08-19 | $0.05 | $1 | -52.8% |
| 2021-07-20 | $0.106 | $2.12 | -15.2% |
| 2021-06-21 | $0.125 | $2.5 | 7.8% |
| 2021-05-19 | $0.116 | $2.32 | -38.3% |
| 2021-04-20 | $0.188 | $3.76 | -1.6% |
| 2021-03-19 | $0.191 | $3.82 | -9.0% |
| 2021-02-19 | $0.21 | $4.2 | 81.0% |
| 2021-01-19 | $0.116 | $2.32 | -35.9% |
| 2020-12-21 | $0.181 | $3.62 | -26.7% |
| 2020-11-19 | $0.247 | $4.94 | 19.9% |
| 2020-10-20 | $0.206 | $4.12 | -7.6% |
| 2020-09-21 | $0.223 | $4.46 | 58.2% |
| 2020-08-19 | $0.141 | $2.82 | 50.0% |
| 2020-07-21 | $0.094 | $1.88 | -46.6% |
| 2020-06-19 | $0.176 | $3.52 | -20.7% |
| 2020-05-19 | $0.222 | $4.44 | 441.5% |
| 2020-04-21 | $0.041 | $0.82 | 57.7% |
| 2020-03-19 | $0.026 | $0.52 | -58.1% |
| 2020-02-20 | $0.062 | $1.24 | 34.8% |
| 2020-01-21 | $0.046 | $0.92 | 58.6% |
| 2019-12-19 | $0.029 | $0.58 | -49.1% |
| 2019-11-19 | $0.057 | $1.14 | -41.8% |
| 2019-10-21 | $0.098 | $1.96 | -27.9% |
| 2019-09-19 | $0.136 | $2.72 | 166.7% |
| 2019-08-20 | $0.051 | $1.02 | 131.8% |
| 2019-07-19 | $0.022 | $0.44 | 46.7% |
| 2019-06-19 | $0.015 | $0.3 | 400.0% |
| 2019-05-21 | $0.003 | $0.06 | -90.3% |
| 2019-04-17 | $0.031 | $0.62 | 138.5% |
| 2019-03-19 | $0.013 | $0.26 | -23.5% |
| 2019-02-19 | $0.017 | $0.34 | -58.5% |
| 2019-01-18 | $0.041 | $0.82 | 141.2% |
| 2018-12-19 | $0.017 | $0.34 | -58.5% |
| 2018-11-19 | $0.041 | $0.82 | 173.3% |
| 2018-10-19 | $0.015 | $0.3 | -46.4% |
| 2018-09-19 | $0.028 | $0.56 | 133.3% |
| 2018-08-21 | $0.012 | $0.24 | -81.0% |
| 2018-07-19 | $0.063 | $1.26 | 23.5% |
| 2018-06-19 | $0.051 | $1.02 | -10.5% |
| 2018-05-21 | $0.057 | $1.14 | -13.6% |
| 2018-04-19 | $0.066 | $1.32 | 153.8% |
| 2018-03-20 | $0.026 | $0.52 | 13.0% |
| 2018-02-20 | $0.023 | $0.46 | 0.0% |
| 2018-01-19 | $0.023 | $0.46 | -4.2% |
| 2017-12-19 | $0.024 | $0.48 | -63.6% |
| 2017-11-20 | $0.066 | $1.32 | -10.8% |
| 2017-10-19 | $0.074 | $1.48 | -23.7% |
| 2017-09-19 | $0.097 | $1.94 | 98.0% |
| 2017-08-18 | $0.049 | $0.98 | 58.1% |
| 2017-07-18 | $0.031 | $0.62 | -20.5% |
| 2017-06-19 | $0.039 | $0.78 | -38.1% |
| 2017-05-18 | $0.063 | $1.26 | 173.9% |
| 2017-04-19 | $0.023 | $0.46 | -68.1% |
| 2017-03-20 | $0.072 | $1.44 | 5.9% |
| 2017-02-17 | $0.068 | $1.36 | -38.2% |
| 2017-01-18 | $0.11 | $2.2 | 20.9% |
| 2016-12-19 | $0.091 | $1.82 | 49.2% |
| 2016-11-17 | $0.061 | $1.22 | -45.5% |
| 2016-10-18 | $0.112 | $2.24 | -5.1% |
| 2016-09-19 | $0.118 | $2.36 | -55.8% |
| 2016-08-18 | $0.267 | $5.34 | 43.5% |
| 2016-07-18 | $0.186 | $3.72 | 52.5% |
| 2016-06-20 | $0.122 | $2.44 | -7.6% |
| 2016-05-18 | $0.132 | $2.64 | 63.0% |
| 2016-04-18 | $0.081 | $1.62 | -48.4% |
| 2016-03-18 | $0.157 | $3.14 | 21.7% |
| 2016-02-18 | $0.129 | $2.58 | 316.1% |
| 2016-01-15 | $0.031 | $0.62 | -40.4% |
| 2015-12-18 | $0.052 | $1.04 | -69.6% |
| 2015-11-18 | $0.171 | $3.42 | 39.0% |
| 2015-10-19 | $0.123 | $2.46 | 4.2% |
| 2015-09-18 | $0.118 | $2.36 | 37.2% |
| 2015-08-18 | $0.086 | $1.72 | 21.1% |
| 2015-07-20 | $0.071 | $1.42 | -26.8% |
| 2015-06-18 | $0.097 | $1.94 | 106.4% |
| 2015-05-18 | $0.047 | $0.94 | -28.8% |
| 2015-04-20 | $0.066 | $1.32 | -53.8% |
| 2015-03-18 | $0.143 | $2.86 | -40.7% |
| 2015-02-18 | $0.2412 | $4.824 | 14.9% |
| 2015-01-16 | $0.21 | $4.2 | 2.4% |
| 2014-12-18 | $0.205 | $4.1 | 84.0% |
| 2014-11-19 | $0.1114 | $2.228 | 118.4% |
| 2014-10-20 | $0.051 | $1.02 | -8.9% |
| 2014-09-18 | $0.056 | $1.12 | -52.1% |
| 2014-08-18 | $0.117 | $2.34 | 11.4% |
| 2014-07-18 | $0.105 | $2.1 | -21.1% |
| 2014-06-18 | $0.133 | $2.66 | 0.0% |
| 2014-05-19 | $0.133 | $2.66 | -42.2% |
| 2014-04-17 | $0.23 | $4.6 | -47.5% |
| 2014-03-18 | $0.438 | $8.76 | 234.4% |
| 2014-02-19 | $0.131 | $2.62 | -6.4% |
| 2014-01-17 | $0.14 | $2.8 | -30.7% |
| 2013-12-18 | $0.202 | $4.04 | -7.8% |
| 2013-11-18 | $0.219 | $4.38 | 41.3% |
| 2013-10-18 | $0.155 | $3.1 | -37.0% |
| 2013-09-18 | $0.246 | $4.92 | -25.9% |
| 2013-08-19 | $0.332 | $6.64 | 32.8% |
| 2013-07-18 | $0.25 | $5 | 36.6% |
| 2013-06-18 | $0.183 | $3.66 | 6.4% |
| 2013-05-20 | $0.172 | $3.44 | — |
| 2013 total (partial launch year) | — | $35.18 | — |
| 2014 total | — | $37.008 | — |
| 2015 total | — | $28.504 | -23.0% |
| 2016 total | — | $29.74 | 4.3% |
| 2017 total | — | $14.32 | -51.8% |
| 2018 total | — | $8.44 | -41.1% |
| 2019 total | — | $10.26 | 21.6% |
| 2020 total | — | $33.3 | 224.6% |
| 2021 total | — | $25.82 | -22.5% |
| 2022 total | — | $16.456 | -36.3% |
| 2023 total | — | $12.193 | -25.9% |
| 2024 total | — | $14.877 | 22.0% |
| 2025 total | — | $19.324 | 29.9% |
| 2026 YTD total | — | $39.511 | 214.9% vs prior-year YTD |
SLVO dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +174.3%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -75.83%.
| Window | Change |
|---|---|
| 1Y | +174.3% |
| 3Y | 193.9% |
| 5Y | 31.0% |
| 10Y | 47.5% |
SLVO performance versus SLV
Price and return data through 2026-10-02.
Total return is 81.6% over the past 13.5 years, 62.3 points behind SLV at 143.9%. Over the past year its total return — price change plus distributions reinvested — is 20.0%. Its deepest 1-year drawdown was 21.4%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -4.7% | — |
| 3M | 4.0% | — |
| 6M | -0.7% | — |
| YTD | 3.6% | — |
| 1Y | 20.0% | — |
| 2Y CAGR | — | 30.40% |
| 3Y CAGR | — | 33.70% |
| 5Y CAGR | — | 17.00% |
| 10Y CAGR | — | 8.30% |
| Since inception (13.5 years) | 81.6% | 4.50% |
SLVO key facts
- Distribution Safety Score™
- 35 · Elevated risk
- Safety-Adjusted Yield
- 12.41%
- Issuer
- UBS Asset Management
- Asset type
- ETN
- Asset class
- Commodity
- Inception date
- 04/16/2013
- Expense ratio
- 0.65%
- Distribution rate
- 35.45%
- Distribution frequency
- Monthly
- Trailing yield
- 72.00%
- Last close
- $64.29 (as of 2026-10-02)
- AUM
- $425,337,582
- Average volume
- 158200.0
- Last dividend
- $1.899
- Last ex-dividend date
- 09/22/2026
- Last payment date
- 09/25/2026
- Beta
- 0.45
How Dividend Vision calculates yield and returns
Distribution rate (35.45%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (72.00%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: UBS Asset Management; Index: Silver; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
SLVO risks and drawbacks
Total return has trailed SLV over the available window. The deepest 1-year drawdown on record here is 21.4%.
Who may consider SLVO — and who may not
It is a weaker fit for investors whose main goal is matching SLV total return. This is educational context, not a recommendation to buy or sell.
Compare SLVO
SLVO vs similar funds:
Frequently asked questions
Does SLVO pay monthly?
Yes. SLVO currently pays monthly.
What is SLVO linked to?
SLVO is linked to Silver, not a broad market index.
What is SLVO's expense ratio?
SLVO's expense ratio is 0.65%.
What is SLVO's dividend yield?
SLVO's distribution rate is 35.45%, paid monthly, with a 0.65% expense ratio — the latest regular payout annualised, not a trailing 12-month yield (data as of October 2, 2026).
How has SLVO's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +174.3%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does SLVO pay a dividend?
SLVO pays monthly. The last dividend was $1.899. The last ex-dividend date was 09/22/2026. It was paid on 09/25/2026.
How has SLVO performed?
Total return is 81.6% over the past 13.5 years, 62.3 points behind SLV at 143.9%. Over the past year its total return — price change plus distributions reinvested — is 20.0%. Its deepest 1-year drawdown was 21.4%.
Is SLVO a good investment?
SLVO's Dividend Vision Distribution Safety Score is 35 (Elevated risk). That is a risk signal, not investment advice. Its distribution rate is 35.45% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
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