Data as of .
NUGY vs SLVX: which paid, and which earned it?
NUGY and SLVX both write options for income.
What they hold in common
By the books each fund has filed, NUGY and SLVX hold 0% of their money in the same securities at the same weight.
| Only in NUGY | Only in SLVX |
|---|---|
| Treasury Bill 95.75% | Sprott Physical Silver Trust 17.39% |
| Treasury Bill 4.25% | Pan American Silver Corp 8.13% |
| Wheaton Precious Metals Corp 8.10% | |
| Silvercorp Metals Inc 8.03% | |
| First Majestic Silver Corp 7.94% | |
| SSR Mining Inc 7.63% | |
| Hycroft Mining Holding Corp 7.40% | |
| Fortuna Mining Corp 6.51% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| NUGY | SLVX | NUGY | SLVX | NUGY | SLVX | |
| 3 months | −2.3% | +4.4% | 14.3% | 5.6% | −18.0 pts | +3.7 pts |
| 6 months | −0.5% | +3.3% | 31.6% | 11.8% | −19.7 pts | +5.9 pts |
| Since launch | −3.1% | −15.5% | 52.9% | 10.6% | −30.3 pts | −1.0 pts |
| NUGY GraniteShares YieldBOOST Gold Miners ETF Synthetic covered call on GDX, paying weekly | SLVX Nicholas Silver Income ETF Option income on SLV, paying weekly | |
|---|---|---|
| Issuer | GraniteShares | Nicholas |
| Strategy | synthetic covered call | option income |
| Benchmark | Gold miners (GDX) | Silver (SLV) |
| Pays | weekly | weekly |
| Payout rate, annualized | 58.4% | 25.2% |
| Expense ratio | 1.07% | 1.16% |
| Cash paid, 1 year | 52.9% (since launch on Nov 18, 2025) | 10.6% (since launch on Feb 18, 2026) |
| Price change, 1 year | −52.4% | −25.9% |
| Total return, 1 year | −3.1% (since launch on Nov 18, 2025) | −15.5% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +27.1% | −14.5% |
| Ahead or behind | −30.3 pts | −1.0 pts |
| Return of capital, latest estimate | 96% | not published |
| Age | 304 days | 212 days |
| Net assets | $6m | $2m |
NUGY in plain words
Over the period since launch on Nov 18, 2025 to Sep 18, 2026, NUGY paid 52.9% of its starting value in cash distributions while its price fell 52.4%. With every distribution reinvested, the fund returned −3.1%. Gold miners (GDX) returned +27.1% over the same days, so a holder was behind by 30.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 58.4%, paid weekly. GraniteShares estimates that 96% of the distribution paid Aug 25, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
SLVX in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, SLVX paid 10.6% of its starting value in cash distributions while its price fell 25.9%. With every distribution reinvested, the fund returned −15.5%. Silver (SLV) returned −14.5% over the same days, so a holder was behind by 1.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.2%, paid weekly.
Questions people ask
- Which is cheaper, NUGY or SLVX?
- NUGY charges 1.07% a year and SLVX charges 1.16%, so NUGY is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, NUGY against SLVX, data as of Sep 18, 2026. https://etfiq.com/compare/income/nugy-vs-slvx Free to use with attribution; the underlying files are at Open data.