# UBS ETRACS Silver Shares Covered Call ETN (SLVO)

> Source: Nexqual · https://nexqual.com/SLVO · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, UBS ETRACS Silver Shares Covered Call ETN (SLVO), nexqual.com/SLVO" · informational, not investment advice.

**Price:** USD 56.86 (-0.92% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 57.39 · day 56–57.21 · 52w 56–107.41 · market cap null · NGM

## Key facts
- Total return with dividends: 1Y +10.5% vs S&P 500 +14.0%; 5Y +85.5% vs S&P 500 +76.9%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +10.5% | +85.5% |
| S&P 500 (SPY) | +14.0% | +76.9% |
| Per year | +10.5% | +13.2% |
| Volatility (annualized) | 36.3% | 23.8% |
| Max drawdown | -22.2% (May 2026→Jul 2026) | -26.5% (Apr 2022→Aug 2022) |

## Peers
GLDI (ETRACS Gold Shares Covered Call) USD 135.18 -0.61% · USOI (ETRACS Crude Oil Shares Covered) USD 44.65 +0.93% · RYLD (Global X Russell 2000 Covered C) USD 15.18 -0.20% · AMZA (InfraCap MLP ETF) USD 48.97 +2.34% · OPP (RiverNorth/DoubleLine Strategic) USD 6.88 -0.00%

## More
Full page: https://nexqual.com/SLVO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SLVO's own 20-F filed 2024-03-28 (https://www.sec.gov/Archives/edgar/data/1053092/000137036824000013/cs-20231231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | The AoA of Credit Suisse | "Excluding liquidity facilities granted by the Swiss National Bank (SNB), we fund our balance sheet primarily through customer deposits, long-term debt, including structured notes, and shareholders' equity." |

Other companies that name SLVO in their own reports (relationship from SLVO's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | GasLog Partners LP (GLOP-PB) | 20-F 2026-03-19 | "On February 20, 2019, GAS-three Ltd., GAS-four Ltd., GAS-five Ltd., GAS-sixteen Ltd., GAS-seventeen Ltd., GasLog Partners and GasLog Partners Holdings LLC entered into a loan agreement with Credit Sui…" |
| partner | UBS Group AG (UBS) | 20-F 2026-03-09 | "UBS AG entered into a definitive merger agreement with Credit Suisse AG on 7" |
| partner | UBS AG (UCIB) | 20-F 2026-03-09 | "UBS AG entered into a definitive merger agreement with Credit Suisse AG on 7" |
| partner | Trinity Capital Inc. (TRIN) | 10-K 2026-02-25 | "On January 16, 2020, in connection with the Formation Transactions, Trinity Capital acquired TF1 through Fund II and became a party to, and assumed, a credit agreement with Credit Suisse AG (the "Cred…" |
| partner | TEREX CORP (TEX) | 10-K 2026-02-13 | "On January 31, 2017, the Company entered into a credit agreement with the lenders and issuing banks party thereto and Credit Suisse AG, Cayman Islands Branch ("CSAG"), as administrative agent and coll…" |