KGLD vs SLVY

KGLDCKurv Gold Enhanced Income ETF

SLVYCFT Vest Silver Strategy & Target Income ETF

In short

KGLD Most gold income funds hold metal and sell calls on it. KGLD builds the gold position out of options instead, parks the freed cash in short-dated bonds, then writes calls on top. Active, no index, monthly payouts, 0.99%.

SLVY —No data

Stated mandate

KGLD The Fund seeks to maximize total return through active management of efficient gold exposure while also generating potentially tax-efficient income.

SLVY —No data

Why people hold it

• KGLD Gold exposure is built from options: buy calls, sell puts at matching strikes and expiries on gold ETPs. The freed collateral sits in short-dated bonds, a second income stream.sec.gov
• Actively managed against no index. The adviser picks strikes and expiries, and may write uncovered calls when it sees volatility mispriced in the market.sec.gov
• Bullion itself pays nothing. Here the monthly cash is manufactured from option premiums plus the bond collateral sitting behind the options.sec.gov
• Sits in the upper half of its gold-income peer group on our review.

SLVY —No data

Worth knowing

• KGLD Written calls limit participation once gold runs past the strike, and uncovered writing beyond the long position carries risks the prospectus spells out.sec.gov
• 0.99% with no waiver. Near the category median, but above listed peers YGLD (0.62%) and IAUI (0.79%).
• Launched in 2025, so the record is short. The fund discloses that payouts can include return of capital, which reduces NAV per share.sec.gov

SLVY —No data

Full KGLD profile⁠

Full SLVY profile⁠