Data as of Oct 28, 2026.

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ACWX vs SLV: Differences, Returns & Fees

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ACWX is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +14.3%.

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Net assets: $17.9bn on Oct 27, 2026 for iShares MSCI ACWI ex U.S. ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

At a glance
+14.3%
ACWX total return, 1 year
+14.9%
SLV total return, 1 year
0.32%
ACWX expense ratio
0.50%
SLV expense ratio

Pair scorecard

ACWX costs 0.18 points a year less; their one-year returns differ by 0.6 points; SLV is 1.5 times larger.

ACWX vs SLV: Differences, Returns & Fees
MeasureACWXSLV
Return
Total return, 1 year+14.3%+14.9%
Drawdown
Below its high4.9%, high on Sep 4, 202653.5%, high on Jan 28, 2026
Benchmark
What it tracksMSCI ACWI ex USA IndexSilver
Cost and size
Expense ratio0.32%0.50%
Net assets, as of Oct 27, 2026$17.9bn$26.5bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund15.6%

Method

Side by side

ACWX iShares MSCI ACWI ex U.S. ETF SLV iShares Silver Trust
Where it sits Stock ETF Commodity ETF
What it is Tracks the MSCI ACWI ex U.S. Holds silver
Total return, 1 year +14.3% +14.9%
Its benchmark over the same days not measured +15.0% (SIVR)
Gap to its benchmark not measured −0.1 pts vs SIVR
Expense ratio 0.32% 0.50%
Holdings 1939 not counted
Net assets, ACWX as of Oct 27, 2026 and SLV as of Oct 28, 2026 $17.9bn $26.9bn

ACWX and SLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
ACWX

ACWX tracks the MSCI ACWI ex U.S.. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,939 positions, with the top ten at 15.6%. It sat 4.9% below its high of Sep 4, 2026 on Oct 28, 2026.

SLV

Its expense ratio is 0.50% a year, for the three months to Jun 30, 2026, as its 10-Q states.

SLV holds silver. Over the year to Oct 28, 2026 it returned +14.9% with distributions reinvested, against +15.0% for its benchmark, the price of silver. It sat 53.5% below its high of Jan 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWX or SLV?
In the year to Oct 28, 2026, with distributions reinvested, ACWX returned +14.3% and SLV +14.9%.
Which is cheaper, ACWX or SLV?
ACWX is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, ACWX against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwx-vs-slv

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