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USLV
VelocityShares 3x Long Silver ETN

Price: $66.52
Change: $0.61 (-0.01%)
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $21.30
  • 52 Week Hi $132.23
  • AUM $338.7 M
  • Shares 4.6 M

Analyst Report

This product offers leveraged exposure to silver futures, making it potentially useful for those looking to bet heavily on a short-term movement in the price of the precious metal. Given the leverage utilized, USLV can be expected to exhibit a fair amount of volatility; this ETN is designed for investors who are both risk-tolerant and sophisticated; it has no place in a long-term, buy-and-hold portfolio, and should only be used by those with the ability to monitor the position closely.

There are several elements of USLV that are noteworthy. First, it's important to understand that the product offers exposure not to spot silver prices but to an index comprised of silver futures contracts. So the slope of the futures curve will have an impact on bottom line returns, as will yields derived from any uninvested cash. Second, be aware that USLV's exposure resets on a daily basis, meaning that performance over multiple trading sessions depends on the path taken by the index over that periods (daily compounding can either erode or enhance returns, depending on the environment). Third, investors should note that USLV is an ETN, meaning that they are exposed to the credit risk of the issuing institution. There are, however, plenty of advantages to pursuing this strategy through the ETN structure. Tracking error, which can become significant in futures-based and 3x leveraged strategies, is avoided entirely. And investors won't get a K-1 after holding this product; futures-based commodity ETFs, such as the leveraged silver products from ProShares, typically generate those tax obligations, and can result in undesirable tax obligations as well.

For investors seeking plain vanilla silver exposure, SIVR or SLV are both good options; those physically-backed products move in unison with changes in the spot price of the metal. USLV can be a very powerful tool if used correctly, but if you're not familiar with the nuances of leverage and futures-based strategies, it's best to stay away or stick to non-leveraged options.

Historical Trading Data

  • 1 Month Avg. Volume 1,043,261
  • 3 Month Avg. Volume 948,728

Alternative ETFs in the Leveraged Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest DGP 0.75% $136.0 M 29,943 61.71%
Largest (AUM) UCO 0.95% $1.4 B 15 M -94.28%
Most Liquid (Volume) UCO 0.95% $1.4 B 15 M -94.28%
Top YTD Performer DGAZ 1.65% $90.9 M 664,711 134.73%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

1
Number of Holdings
100.00%
% Assets in Top 10
Number of Holdings
1

% Assets in Top 10
100.00%

Sector Breakdown

USLV Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

USLV Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

USLV Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: -61.41 M 1 Month Net Flows: -114.87 M 3 Month Net Flows: -59.99 M 6 Month Net Flows: -20.29 M 1 Year Net Flows: 7.73 M 3 Year Net Flows: 98.25 M 5 Year Net Flows: 281.92 M 10 Year Net Flows: 804.46 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for USLV on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Leveraged Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A DGAZ
Expenses C DZZ
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

USLV Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.537%
ETF Wtd. Average
0.19%
Category Average
1.25%
Expense Ratio
1.65%
ESG Themes and Scores

USLV does not have an ESG score. There are no ESG themes that map to this ETF.

USLV Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

3.04%
1 Week Return
-0.86%
4 Week Return
65.10%
13 Week Return
-29.21%
26 Week Return
-27.54%
Year to Date Return
1.56%
1 Year Return
-43.82%
3 Year Return
-58.27%
5 Year Return
1 Week Return
3.04%

4 Week Return
-0.86%

13 Week Return
65.10%

26 Week Return
-29.21%

Year to Date Return
-27.54%

1 Year Return
1.56%

3 Year Return
-43.82%

5 Year Return
-58.27%

USLV Price and Volume Chart

USLV Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
585.12%
Rank
3 of 16

20 Day Volatility
90.63%
Rank
6 of 16

50 Day Volatility
92.43%
Rank
8 of 16

200 Day Volatility
139.10%
Rank
5 of 16

Beta
1.26
Rank
2 of 16

Standard Deviation
20.40%
Rank
6 of 16

Technicals

  • 20 Day MA $64.51
  • 60 Day MA $56.48
  • MACD 15 Period 2.25
  • MACD 100 Period 7.96
  • Williams % Range 10 Day 43.12
  • Williams % Range 20 Day 29.20
  • RSI 10 Day 53
  • RSI 20 Day 54
  • RSI 30 Day 53
  • Ultimate Oscillator 58

Bollinger Brands

  • Lower Bollinger (10 Day) $61.81
  • Upper Bollinger (10 Day) $69.15
  • Lower Bollinger (20 Day) $59.44
  • Upper Bollinger (20 Day) $69.26
  • Lower Bollinger (30 Day) $58.35
  • Upper Bollinger (30 Day) $72.40

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $63.55
  • Resistance Level 1 n/a
  • Resistance Level 2 $69.58

Stochastic

  • Stochastic Oscillator %D (1 Day) 58.94
  • Stochastic Oscillator %D (5 Day) 63.42
  • Stochastic Oscillator %K (1 Day) 63.01
  • Stochastic Oscillator %K (5 Day) 62.34

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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