Nicholas Silver Income ETF
$13.02−0.43 (−3.22%)
- 1.16%
- $9M
- 0M sh
- $13.69
- low $12.26high $25.49
The ETF.net SLVX Grade
F
Score 13 out of 100
- 17 of 18
Score 13 of 100 falls in the F 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.F0 out of 100Rank 18 of 18Mission
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.F15 out of 100Rank 17 of 17Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 11 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F15 out of 100Rank 18 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D27 out of 100Rank 14 of 18
Our read on SLVX
FA rare active swing at the silver mining complex: the prospectus puts capital appreciation first and current income second, with roughly 50 names chosen by a manager instead of copied from an index. Active pricing comes with it.
The actively managed ETF seeks capital appreciation as its primary objective and current income as its secondary objective.
Why people hold it
- Income is written into the mandate, not bolted on: capital appreciation is the stated primary objective, current income the secondary one, with distributions on a recurring schedule.
- Actively managed, so the roughly 50 holdings reflect a manager's picks rather than a cap-weighted index rulebook. Most funds in this corner track a list.
- Plain 1940 Act ETF wrapper holding materials-sector equities, the same structure the large index-based miners funds use.
Worth knowing
- The 1.16% expense ratio sits well above index rivals in the same theme: RING and SLVP each charge 0.39%. Active stock picking carries that gap.
- A small, thinly traded fund, so bid-ask spreads can run wider than on the category's heavyweights.
- Launched in 2026, so there is little history to judge, and the book stays concentrated in one narrow slice of the materials sector.
SLVX Holdings
- Stocks
- 30
- 91%
- SIVR
Sectors
- Financials50.7%
- Materials38.9%
- Utilities5.2%
- Health Care5.2%
Geography
- United States55.19%
- Canada27.67%
- Switzerland6.74%
- United Kingdom5.22%
- Germany5.18%
SLVX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
SLVX$10,405
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 | SLVX |
|---|---|
| Year to date | — |
| 1 month | −11.4% |
| 3 months | +4.1% |
| 1 year | — |
| 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 | SLVX |
|---|---|---|
| 2026 YTD | −25.7% |
SLVX in the news
SLVX Dividends
- $0.06 per share
- Weekly
Distribution data unavailable.
Distribution history
SLVX Risk
- —
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.
- —
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.
- —
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.
- 1.63
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SLVX Cost
1.16%
SLVX1.16%
- The middle half of Precious Metals Miners funds
- Median 0.52%
Every other Precious Metals Miners fund charges less.
Other funds in Precious Metals Miners
- CSILGlobal X - Silver Miners ETFExpense ratio 0.65%1 year return +23.0%
- CSILJAmplify Junior Silver Miners ETFExpense ratio 0.69%1 year return +17.6%
- CGOEXGlobal X - Gold Explorers ETFExpense ratio 0.65%1 year return +21.4%
- CSLVRSprott Silver Miners & Physical Silver ETFExpense ratio 0.65%1 year return +24.1%
- DGBUGSprott Active Gold & Silver Miners ETFExpense ratio 0.90%1 year return +23.5%