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Upturn AI SWOT - About
Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO)
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Upturn Advisory Summary
09/17/2025: SLVO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 14.11% | Avg. Invested days 45 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.66 | 52 Weeks Range 59.88 - 81.57 | Updated Date 06/30/2025 |
52 Weeks Range 59.88 - 81.57 | Updated Date 06/30/2025 |
Upturn AI SWOT
Credit Suisse X-Links Silver Shares Covered Call ETN
ETF Overview
Overview
The Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) is an exchange-traded note designed to provide investors with exposure to the daily covered call return on silver shares. It offers a combination of silver price exposure and income from selling call options.
Reputation and Reliability
Credit Suisse has a strong reputation as a global financial institution, though ETNs carry credit risk of the issuer.
Management Expertise
Credit Suisse has extensive experience in structured products and commodity-linked investments.
Investment Objective
Goal
To seek a return linked to the performance of a covered call strategy on silver shares.
Investment Approach and Strategy
Strategy: SLVO employs a covered call strategy, selling call options on silver shares to generate income.
Composition The ETN's return is linked to the performance of the covered call strategy; it does not directly hold physical silver or silver shares. The underlying asset is the covered call strategy. The creditworthiness of Credit Suisse is also an underlying factor.
Market Position
Market Share: SLVO's market share within the silver covered call ETN market is significant, but the overall market is niche.
Total Net Assets (AUM): 82744367
Competitors
Key Competitors
- None. SLVO is a very unique ETN.
Competitive Landscape
SLVO has a unique position. It is the only silver covered call ETN, lacking direct competitors. However, broader silver investment options compete for capital. SLVO offers income generation, while other silver ETFs offer pure price exposure.
Financial Performance
Historical Performance: Historical performance is dependent on silver prices and options premiums, which can be variable.
Benchmark Comparison: SLVO does not track a traditional benchmark index; its performance is measured against the covered call return on silver.
Expense Ratio: 0.65
Liquidity
Average Trading Volume
Average trading volume is moderate, indicating reasonable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is usually tight, but may vary depending on market conditions and trading volume.
Market Dynamics
Market Environment Factors
Silver prices are influenced by economic growth, inflation expectations, industrial demand, and investment sentiment. Volatility in these factors impacts SLVO's performance.
Growth Trajectory
The growth trajectory of SLVO is dependent on investor demand for income-generating silver investments and silver price movements. Strategy and holdings are relatively consistent, tracking the covered call strategy.
Moat and Competitive Advantages
Competitive Edge
SLVO's competitive edge lies in its unique offering of a covered call strategy on silver, providing income potential. It caters to investors seeking income from silver investments. The ETN structure can provide tax advantages for some investors, although this varies by tax jurisdiction. However, as an ETN, the credit risk of Credit Suisse is a significant factor.
Risk Analysis
Volatility
SLVO's volatility depends on silver price volatility and option premiums. Covered call strategies generally reduce volatility compared to direct silver ownership but at the cost of limiting upside potential.
Market Risk
SLVO is subject to market risk related to silver prices and the risk that call options are exercised when silver prices increase substantially. There is also credit risk related to Credit Suisse's ability to honor the ETN's obligations.
Investor Profile
Ideal Investor Profile
The ideal investor for SLVO is one seeking income from silver investments and willing to accept the risk of limited upside potential. Investors who want exposure to silver but want to receive some income, and believe price will increase, would benefit from the covered call strategy.
Market Risk
SLVO is suitable for investors with a moderate risk tolerance who are looking for income generation and believe in the price appreciation of silver. It is more suited for long-term investors, although some active traders may utilize it for short-term income strategies.
Summary
SLVO offers a unique investment strategy, combining silver exposure with income generation through a covered call approach. While the ETN structure provides flexibility, it also introduces issuer credit risk. Performance is strongly tied to silver price movements and the value of call options. Investors seeking income from silver and willing to trade off upside potential may find SLVO appealing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ETF.com
- Seeking Alpha
- Company Fact Sheets
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Credit Suisse X-Links Silver Shares Covered Call ETN
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index measures the return of a "covered call" strategy on the shares of the iShares® Silver Trust (the "SLV Shares") by reflecting changes in the price of the SLV Shares and the notional option premiums received from the notional sale of monthly call options on the SLV Shares less notional transaction costs incurred in connection with the covered call strategy.
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