First-Year Review
Kurv's silver fund paid $7.70 in year one and still lagged the metal
Kurv Silver Enhanced Income ETF
$23.16−0.36 (−1.53%)
- 0.99%
- $122M
- +16.5%
- 0.1M sh
- $23.73
- low $22.85high $59.97
The ETF.net KSLV Grade
C
Score 40 out of 100
- 8 of 12
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 7 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D29 out of 100Rank 10 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 3 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F24 out of 100Rank 6 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 5 of 12
Our read on KSLV
CSilver bullion pays you nothing. KSLV is the active answer: manage the silver exposure and aim to turn it into monthly, potentially tax-efficient income. A different animal from the plain bullion trusts that fill this shelf, and priced like one.
The Fund seeks to maximize total return by actively managing a portfolio with efficient exposure to silver while generating potentially tax-efficient income.
Why people hold it
- Bullion sits there. This one is built to pay: an actively managed silver exposure with a stated goal of potentially tax-efficient income, distributed on a monthly schedule.kurvinvest.com
- Active, not a vault with a ticker. A manager decides how to hold the silver exposure instead of pinning the fund to one static pile of metal.kurvinvest.com
- Structured as a registered 1940 Act fund and fully transparent about what it owns, so you can see what is generating the payout.
Worth knowing
- The income machinery costs money: 1.00% a year, against a 0.60% median for physical metal funds and 0.30% at SIVR, 0.50% at SLV.
- Distributions can include return of capital, meaning part of a payout may be your own money coming back rather than earnings.kurvinvest.com
- It launched in 2025, so the record is short, and payout size is not fixed the way the fee is.
KSLV Holdings
- Other
- 10
- 109%
- 912797VF1
KSLV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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KSLV$11,649
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | KSLV |
|---|---|
| Year to date | −18.8% |
| 1 month | −8.2% |
| 3 months | −1.0% |
| 1 year | +16.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KSLV |
|---|---|---|
| 2026 YTD | −18.8% | |
| 2025 | +48.8% |
KSLV in the news
KSLV Dividends
- $0.60 per share
- Monthly
Distribution data unavailable.
Distribution history
KSLV Risk
- 53.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.54
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −54.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.66
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KSLV Cost
0.99%
KSLV0.99%
- The middle half of Gold & Metals Option Income funds
- Median 0.92%
6 of the 12 Gold & Metals Option Income funds charge less.
Other funds in Gold & Metals Option Income
- CYGLDSimplify Gold Strategy PLUS Income ETFExpense ratio 0.53%1 year return −12.6%
- CGDXYYieldMax Gold Miners Option Income Strategy ETFExpense ratio 1.00%1 year return +2.2%
- CSLVYFirst Trust Exchange -Traded Fund - FT Vest Silver Strategy & Target Income ETFExpense ratio 0.85%1 year return —
- DGOLIDefiance Gold Enhanced Options Income ETFExpense ratio 1.04%1 year return —
- DNUGYGraniteShares YieldBOOST Gold Miners ETFExpense ratio 1.07%1 year return —