Ubs Ag Etracs Silver Shares Covered Call ETN Exp 21 Apr 2033 vs iShares 20 Plus Year Treasury Bond ETF — how do they compare? Ubs Ag Etracs Silver Shares Covered Call ETN Exp 21 Apr 2033 trades at $65.42, while iShares 20 Plus Year Treasury Bond ETF trades at $83.68. Which is the better fit depends on your goals.
| SLVO | TLT | |
|---|---|---|
Sector | Income / Options Overlay | — |
52-Week High | $107.41 | $92.06 |
52-Week Low | $61.81 | $83.02 |
Trailing returns across standard periods
SLVO is an exchange-traded note issued by UBS AG that provides investors with exposure to the performance of a silver-based covered call strategy. The ETN tracks the daily return of the ISE Enhanced 100x Leveraged Silver ETN Index, which combines a long position in silver with a covered call strategy on the silver position. This strategy aims to generate current income from the option premiums, which can provide a buffer during sideways or slightly down markets for silver, but it also caps the potential gains from a significant rise in silver prices. As an ETN, it is subject to the credit risk of the issuer, UBS AG, and has an expiration date of April 21, 2033.
Read more on SLVO →The fund will invest at least 80% of its assets in the component securities of the underlying index, and it will invest at least 90% of its assets in US Treasury securities that the advisor believes will help the fund track the underlying index. The underlying index measures the performance of public obligations of the US Treasury that have a remaining maturity greater than or equal to twenty years.
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