SLVO ETN — Credit Suisse X-Links Silver Shares Covered Call ETN
Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO)
SLVO is an ETN that tracks the Silver. As of August 19, 2026, its distribution rate is 22.96%, its trailing-12-month yield is 68.57%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 61/100 (Generally safe). Fund total return is 85.9% over the past 13.3 years, 70.1 points behind SLV at 156.0%.
At the current 22.96% distribution rate, a $10,000 investment would generate approximately $2,296 per year, or $191.33 per month on an equivalent basis.
SLVO dividend yield and income
Data as of August 19, 2026.
The distribution rate (22.96%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (68.57%) is the last year of payments divided by the current price. The last dividend was $1.3177. The last ex-dividend date was 08/20/2026. It was paid on 08/25/2026. At 22.96%, $10,000 would generate about $2,296 a year ($191.33 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-07-22 | $2.004 | 89.2% |
| 2026-06-22 | $7.04 | 428.9% |
| 2026-05-20 | $4.725 | 119.3% |
| 2026-04-22 | $4.852 | 132.8% |
| 2026-03-20 | $3.974 | 207.1% |
| 2026-02-20 | $7.91 | 646.2% |
| 2026-01-21 | $5.789 | 686.5% |
| 2025-12-22 | $2.687 | 186.2% |
| 2025-11-20 | $2.915 | 134.3% |
| 2025-10-22 | $1.175 | -45.3% |
| 2025-09-22 | $1.252 | -28.3% |
| 2025-08-20 | $1.576 | 1.4% |
| 2025-07-22 | $1.059 | -22.2% |
| 2025-06-20 | $1.331 | -15.3% |
| 2025-05-21 | $2.155 | 1.4% |
| 2025-04-22 | $2.084 | 177.1% |
| 2025-03-20 | $1.294 | 170.1% |
| 2025-02-21 | $1.06 | 141.5% |
| 2025-01-22 | $0.736 | 41.5% |
| 2024-12-20 | $0.939 | 188.0% |
| 2024-11-20 | $1.244 | 82.7% |
| 2024-10-22 | $2.148 | 618.4% |
| 2024-09-20 | $1.745 | 481.7% |
| 2024-08-21 | $1.554 | -4.8% |
| 2024-07-22 | $1.361 | 0.3% |
| 2024-06-21 | $1.571 | 100.4% |
| 2024-05-21 | $2.125 | 31.5% |
| 2024-04-19 | $0.752 | -20.2% |
| 2024-03-19 | $0.479 | -39.5% |
| 2024-02-20 | $0.439 | -64.0% |
| 2024-01-19 | $0.52 | -76.8% |
| 2023-12-19 | $0.326 | -86.0% |
| 2023-11-20 | $0.681 | -14.2% |
| 2023-10-19 | $0.299 | -82.8% |
| 2023-09-19 | $0.3 | -55.9% |
| 2023-08-21 | $1.633 | 191.6% |
| 2023-07-19 | $1.357 | 105.6% |
| 2023-06-20 | $0.784 | -16.6% |
| 2023-05-19 | $1.616 | 28.3% |
| 2023-04-19 | $0.942 | -65.1% |
| 2023-03-21 | $0.792 | -36.1% |
| 2023-02-21 | $1.219 | 6.9% |
| 2023-01-19 | $2.244 | 75.3% |
| 2022-12-20 | $2.33 | 42.1% |
| 2022-11-18 | $0.794 | -23.7% |
| 2022-10-19 | $1.736 | 261.7% |
| 2022-09-20 | $0.68 | 9.7% |
| 2022-08-19 | $0.56 | -44.0% |
| 2022-07-19 | $0.66 | -68.9% |
| 2022-06-21 | $0.94 | -62.4% |
| 2022-05-19 | $1.26 | -45.7% |
| 2022-04-19 | $2.7 | -28.2% |
| 2022-03-21 | $1.24 | -67.5% |
| 2022-02-18 | $1.14 | -72.9% |
| 2022-01-20 | $1.28 | -44.8% |
| 2021-12-21 | $1.64 | -54.7% |
| 2021-11-19 | $1.04 | -78.9% |
| 2021-10-19 | $0.48 | -88.3% |
| 2021-09-21 | $0.62 | -86.1% |
| 2021-08-19 | $1 | -64.5% |
| 2021-07-20 | $2.12 | 12.8% |
| 2021-06-21 | $2.5 | -29.0% |
| 2021-05-19 | $2.32 | -47.7% |
| 2021-04-20 | $3.76 | 358.5% |
| 2021-03-19 | $3.82 | 634.6% |
| 2021-02-19 | $4.2 | 238.7% |
| 2021-01-19 | $2.32 | 152.2% |
| 2020-12-21 | $3.62 | 524.1% |
| 2020-11-19 | $4.94 | 333.3% |
| 2020-10-20 | $4.12 | 110.2% |
| 2020-09-21 | $4.46 | 64.0% |
| 2020-08-19 | $2.82 | 176.5% |
| 2020-07-21 | $1.88 | 327.3% |
| 2020-06-19 | $3.52 | 1073.3% |
| 2020-05-19 | $4.44 | 7300.0% |
| 2020-04-21 | $0.82 | 32.3% |
| 2020-03-19 | $0.52 | 100.0% |
| 2020-02-20 | $1.24 | 264.7% |
| 2020-01-21 | $0.92 | 12.2% |
| 2019-12-19 | $0.58 | 70.6% |
| 2019-11-19 | $1.14 | 39.0% |
| 2019-10-21 | $1.96 | 553.3% |
| 2019-09-19 | $2.72 | 385.7% |
| 2019-08-20 | $1.02 | 325.0% |
| 2019-07-19 | $0.44 | -65.1% |
| 2019-06-19 | $0.3 | -70.6% |
| 2019-05-21 | $0.06 | -94.7% |
| 2019-04-17 | $0.62 | -53.0% |
| 2019-03-19 | $0.26 | -50.0% |
| 2019-02-19 | $0.34 | -26.1% |
| 2019-01-18 | $0.82 | 78.3% |
| 2018-12-19 | $0.34 | -29.2% |
| 2018-11-19 | $0.82 | -37.9% |
| 2018-10-19 | $0.3 | -79.7% |
| 2018-09-19 | $0.56 | -71.1% |
| 2018-08-21 | $0.24 | -75.5% |
| 2018-07-19 | $1.26 | 103.2% |
| 2018-06-19 | $1.02 | 30.8% |
| 2018-05-21 | $1.14 | -9.5% |
| 2018-04-19 | $1.32 | 187.0% |
| 2018-03-20 | $0.52 | -63.9% |
| 2018-02-20 | $0.46 | -66.2% |
| 2018-01-19 | $0.46 | -79.1% |
| 2017-12-19 | $0.48 | -73.6% |
| 2017-11-20 | $1.32 | 8.2% |
| 2017-10-19 | $1.48 | -33.9% |
| 2017-09-19 | $1.94 | -17.8% |
| 2017-08-18 | $0.98 | -81.6% |
| 2017-07-18 | $0.62 | -83.3% |
| 2017-06-19 | $0.78 | -68.0% |
| 2017-05-18 | $1.26 | -52.3% |
| 2017-04-19 | $0.46 | -71.6% |
| 2017-03-20 | $1.44 | -54.1% |
| 2017-02-17 | $1.36 | -47.3% |
| 2017-01-18 | $2.2 | 254.8% |
| 2016-12-19 | $1.82 | 75.0% |
| 2016-11-17 | $1.22 | -64.3% |
| 2016-10-18 | $2.24 | -8.9% |
| 2016-09-19 | $2.36 | 0.0% |
| 2016-08-18 | $5.34 | 210.5% |
| 2016-07-18 | $3.72 | 162.0% |
| 2016-06-20 | $2.44 | 25.8% |
| 2016-05-18 | $2.64 | 180.9% |
| 2016-04-18 | $1.62 | 22.7% |
| 2016-03-18 | $3.14 | 9.8% |
| 2016-02-18 | $2.58 | — |
| 2016-01-15 | $0.62 | -85.2% |
| 2015-12-18 | $1.04 | -74.6% |
| 2015-11-18 | $3.42 | — |
| 2015-10-19 | $2.46 | 141.2% |
| 2015-09-18 | $2.36 | 110.7% |
| 2015-08-18 | $1.72 | -26.5% |
| 2015-07-20 | $1.42 | -32.4% |
| 2015-06-18 | $1.94 | -27.1% |
| 2015-05-18 | $0.94 | -64.7% |
| 2015-04-20 | $1.32 | -71.3% |
| 2015-03-18 | $2.86 | -67.4% |
| 2015-01-16 | $4.2 | 50.0% |
| 2014-12-18 | $4.1 | 1.5% |
| 2014-10-20 | $1.02 | -67.1% |
| 2014-09-18 | $1.12 | -77.2% |
| 2014-08-18 | $2.34 | -64.8% |
| 2014-07-18 | $2.1 | -58.0% |
| 2014-06-18 | $2.66 | -27.3% |
| 2014-05-19 | $2.66 | -22.7% |
| 2014-04-17 | $4.6 | — |
| 2014-03-18 | $8.76 | — |
| 2014-02-19 | $2.62 | — |
| 2014-01-17 | $2.8 | — |
| 2013-12-18 | $4.04 | — |
| 2013-11-18 | $4.38 | — |
| 2013-10-18 | $3.1 | — |
| 2013-09-18 | $4.92 | — |
| 2013-08-19 | $6.64 | — |
| 2013-07-18 | $5 | — |
| 2013-06-18 | $3.66 | — |
| 2013-05-20 | $3.44 | — |
| 2013 total | $35.18 | — |
| 2014 total | $34.78 | -1.1% |
| 2015 total | $23.68 | -31.9% |
| 2016 total | $29.74 | 25.6% |
| 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 | $15.32 | -40.7% |
| 2023 total | $12.193 | -20.4% |
| 2024 total | $14.877 | 22.0% |
| 2025 total | $19.324 | 29.9% |
| 2026 YTD total | $36.294 | 273.4% |
SLVO dividend growth
Trailing-12-month distributions versus the preceding 12 months changed 133.57%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is 88.98%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut. The deepest trailing-12-month payout decline in the past five years is -80.65%.
| Window | Change |
|---|---|
| 1Y | 166.0% |
| 3Y | 5.3% |
| 5Y | 2.4% |
| 10Y | 84.0% |
SLVO performance versus SLV
Data as of August 19, 2026.
Fund total return is 85.9% over the past 13.3 years, 70.1 points behind SLV at 156.0%. Its deepest 1-year drawdown was 21.4%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (13.3 years) | 85.9% | 4.80% |
| 3Y CAGR | — | 31.70% |
| 5Y CAGR | — | 16.80% |
| 10Y CAGR | — | 8.30% |
SLVO key facts
Data as of August 19, 2026.
- Distribution Safety Score™
- 61 · Generally safe
- Safety-Adjusted Yield
- 14.01%
- Issuer
- UBS Asset Management
- Asset type
- ETN
- Asset class
- Commodity
- Inception date
- 04/16/2013
- Expense ratio
- 0.65%
- Distribution rate
- 22.96%
- Distribution frequency
- Monthly
- Trailing yield
- 68.57%
- Last close
- $68.86
- AUM
- $432,972,095
- Average volume
- 99469.0
- Last dividend
- $1.3177
- Ex-dividend date
- 08/20/2026
- Payment date
- 08/25/2026
- Beta
- 0.38
How Dividend Vision calculates yield and returns
Distribution rate (22.96%) 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 (68.57%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
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 index does SLVO track?
SLVO tracks the Silver.
What is SLVO's expense ratio?
SLVO's expense ratio is 0.65%.
What is SLVO's dividend yield?
SLVO currently yields 22.96%, paid monthly, with a 0.65% expense ratio.
How has SLVO's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed 133.57%. That is not a single quarter versus the prior quarter.
When does SLVO pay a dividend?
SLVO pays monthly. The last dividend was $1.3177. The last ex-dividend date was 08/20/2026. It was paid on 08/25/2026.
How has SLVO performed?
Fund total return is 85.9% over the past 13.3 years, 70.1 points behind SLV at 156.0%. Its deepest 1-year drawdown was 21.4%.
Is SLVO a good investment?
SLVO's Dividend Vision Distribution Safety Score is 61 (Generally safe). That is a risk signal, not investment advice. It currently yields 22.96%. Compare peers below rather than treating any single figure as a buy or sell.
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