Which paid more, GLDN or SLVX?

From Feb 18, 2026 to Nov 4, 2026, GLDN paid 8.2% of its starting price in cash and SLVX paid 12.6%, so SLVX paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, GLDN or SLVX?

With every distribution reinvested, GLDN returned −20.4% and SLVX −36.4% from Feb 18, 2026 to Nov 4, 2026.

Which is cheaper, GLDN or SLVX?

GLDN charges 1.07% a year and SLVX charges 1.16%, so GLDN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

GLDN vs SLVX: Dividend Yield & Total Return

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Over the window both share to Nov 4, 2026, SLVX paid 12.6% of its price in cash against GLDN’s 8.2%, though GLDN returned more with it reinvested.

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Net assets on Jul 31, 2026: $2.8m for Nicholas Gold Income ETF and $4.5m for Nicholas Silver Income ETF.

GLDN on its own →SLVX on its own →

At a glance

8.2%

GLDN cash paid, since launch, Feb 18, 2026

12.6%

SLVX cash paid, since launch, Feb 18, 2026

−20.4%

GLDN total return, since launch, Feb 18, 2026

−36.4%

SLVX total return, since launch, Feb 18, 2026

GLDN · since launch to Nov 4, 2026 Not measured

GLDN

−20.4%

none

Not measured

GLDN since launch: paid 8.2%, price −28.1%, total −20.4%, not measured against a benchmark. Data to Nov 4, 2026.

GLDN

−20.4%

Total return, distributions reinvested

Not measured

GLDN since launch: paid 8.2%, price −28.1%, total −20.4%, not measured against a benchmark. Data to Nov 4, 2026.

GLDN

−20.4%

8.2% of it arrived as cash. Total return, distributions reinvested. GLDN since launch: paid 8.2%, price −28.1%, total −20.4%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SLVX · since launch to Nov 4, 2026 Not measured

SLVX

−36.4%

none

Not measured

SLVX since launch: paid 12.6%, price −46.0%, total −36.4%, not measured against a benchmark. Data to Nov 4, 2026.

SLVX

−36.4%

Total return, distributions reinvested

Not measured

SLVX since launch: paid 12.6%, price −46.0%, total −36.4%, not measured against a benchmark. Data to Nov 4, 2026.

SLVX

−36.4%

12.6% of it arrived as cash. Both charts share one scale, with zero at the line. SLVX since launch: paid 12.6%, price −46.0%, total −36.4%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

GLDN costs 0.09 points a year less; SLVX is 1.6 times larger.

Points (pts) are percentage points.

GLDN vs SLVX: Dividend Yield & Total Return
Measure	GLDN	SLVX
Paid and earned
Measure	GLDN	SLVX
Price change, 6 months	fell 17.8%	fell 40.7%
Against its benchmark
Measure	GLDN	SLVX
Benchmark	its own holdings	its own holdings
Against its benchmark, same days	behind by 3.7 pts	behind by 7.6 pts
Cost and size
Measure	GLDN	SLVX
Expense ratio	1.07%	1.16%
Net assets, as of Jul 31, 2026	$2.8m	$4.5m
Holdings
Measure	GLDN	SLVX
Holdings in common	6%

Method

What they share

By the books each fund has filed, GLDN and SLVX hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first GLDN SLVX

SSR Mining Inc 5.58% 5.64%

Only in one fund ↓

Only in GLDN

SPDR Gold MiniShares Trust 20.14%

Equinox Gold Corp 5.52%

Franco-Nevada Corp 4.86%

Harmony Gold Mining Co Ltd 4.55%

Barrick Mining Corp 4.51%

Newmont Corp 4.36%

Anglogold Ashanti Plc 4.26%

Royal Gold Inc 4.03%

Only in SLVX

abrdn Physical Silver Shares E 15.59%

First Majestic Silver Corp 7.81%

Silvercorp Metals Inc 5.21%

Fortuna Mining Corp 4.82%

Wheaton Precious Metals Corp 4.56%

OR Royalties Inc 4.21%

Coeur Mining Inc 4.06%

Endeavour Silver Corp 4.01%

Check overlap with more funds →

Side by side

GLDN Nicholas Gold Income ETF · Option income on its own holdings, paying weekly SLVX Nicholas Silver Income ETF · Option income on its own holdings, paying weekly

Issuer Nicholas Nicholas

Strategy option income option income

Benchmark GLDN's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) SLVX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026)

Pays weekly weekly

Payout rate, annualized 15.0% 24.7%

Expense ratio 1.07% 1.16%

Cash paid, 1 year 8.2% (since launch, Feb 18, 2026) 12.6% (since launch, Feb 18, 2026)

Price change, 1 year −28.1% (since launch, Feb 18, 2026) −46.0% (since launch, Feb 18, 2026)

Total return, 1 year −20.4% (since launch, Feb 18, 2026) −36.4% (since launch, Feb 18, 2026)

Benchmark return, 1 year not published not published

Ahead or behind not available not available

Return of capital, latest estimate 100% 100%

Age 259 days 259 days

Net assets, as of Jul 31, 2026 $2.8m $4.5m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: GLDN vs SLVX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	GLDN	SLVX	GLDN	SLVX	GLDN	SLVX
3 months	−0.1%	−17.0%	4.0%	6.0%	−1.4 pts	−5.5 pts
6 months	−11.4%	−33.0%	6.6%	9.6%	−3.7 pts	−7.7 pts
Since launchGLDN Feb 2026 · SLVX Feb 2026	−20.4%	−36.4%	8.2%	12.6%	not measured	not measured

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Alert

About each fund

GLDN

GLDN's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned −7.7% over the same days, so a holder was behind by 3.7 pts.

Over the 6 months to Nov 4, 2026, GLDN paid 6.6% of its starting value in cash distributions while its price fell 17.8%. With every distribution reinvested, the fund returned −11.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 15.0%, paid weekly. Nicholas estimates that 100% of the distribution paid Nov 3, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SLVX

SLVX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned −25.4% over the same days, so a holder was behind by 7.6 pts.

Over the 6 months to Nov 4, 2026, SLVX paid 9.6% of its starting value in cash distributions while its price fell 40.7%. With every distribution reinvested, the fund returned −33.0%. At its price on Nov 4, 2026 the latest distribution annualizes to 24.7%, paid weekly.

Questions people ask

Which paid more, GLDN or SLVX?: From Feb 18, 2026 to Nov 4, 2026, GLDN paid 8.2% of its starting price in cash and SLVX paid 12.6%, so SLVX paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, GLDN or SLVX?: With every distribution reinvested, GLDN returned −20.4% and SLVX −36.4% from Feb 18, 2026 to Nov 4, 2026.
Which is cheaper, GLDN or SLVX?: GLDN charges 1.07% a year and SLVX charges 1.16%, so GLDN is cheaper. Fees come from each fund's prospectus.

Other comparisons

GLDN vs SLVI GLDN vs KSLV GLDN vs KGLD GLDN vs IGLD SLVX vs SLVY SLVX vs NUGY SLVX vs SLVI SLVX vs MINY

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →GLDN on its own →SLVX on its own →GLDN dividend history →GLDN holdings →SLVX dividend history →SLVX holdings →Method →Standards and sources →

Sources and dates

GLDN and SLVX filings on SEC EDGAR ↗

GLDN and SLVX prospectus with the expense ratio (SEC) ↗

GLDN 19a-1 distribution notice ↗

Nicholas website ↗

SLVX 19a-1 distribution notice ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, GLDN against SLVX, data as of Nov 4, 2026. https://etfiq.com/compare/income/gldn-vs-slvx

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.