Data as of Oct 28, 2026.
CGBL vs SLV: Differences, Returns & Fees
CGBL is an actively managed equity fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +7.1%.
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Net assets: $7.9bn on Oct 27, 2026 for Capital Group Core Balanced ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.
Pair scorecard
CGBL costs 0.17 points a year less; their one-year returns differ by 7.8 points; SLV is 3.4 times larger.
| Measure | CGBL | SLV |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.1% | +14.9% |
| Drawdown | ||
| Below its high | 3.4%, high on Aug 13, 2026 | 53.5%, high on Jan 28, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | Silver |
| Cost and size | ||
| Expense ratio | 0.33% | 0.50% |
| Net assets, as of Oct 27, 2026 | $7.9bn | $26.5bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 48% | |
| Holdings dated | Jun 30, 2026 | |
| Top ten holdings, share of the fund | 59.3% | |
Risk and return
Oct 6, 2023 to Oct 23, 2026 · 159 weekly returnsSLV returned more: +146.9% to +55.6%. CGBL swung less: 10.4% to 38.6%. CGBL fell less at its worst: −10.0% to −47.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | CGBL | SLV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +55.6% | +146.9% | SLV | Price change plus distributions, reinvested. |
| Annualized | +15.6% | +34.4% | SLV | Total return as a yearly rate. |
| Price return | +46.8% | +146.9% | SLV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 10.4% | 38.6% | CGBL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.7% | 25.1% | CGBL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −10.0% | −47.6% | CGBL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.02 | 0.84 | CGBL | Return above Treasury bills per unit of volatility. |
| Sortino | 1.58 | 1.30 | CGBL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.55 | 0.72 | CGBL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 159 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
CGBL and SLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
CGBL and SLV do different jobs. What does each one do in a portfolio?
- What each follows. CGBL follows No index, actively managed and SLV follows Silver.
- One-year total return. Over 1 year to Oct 28, 2026 CGBL returned +7.1% and SLV +14.9% with distributions reinvested, a gap of 7.8 points.
- Cost. CGBL charges 0.33% of assets a year and SLV 0.50%, a gap of 0.17 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +7.1% with distributions reinvested, against +7.5% for its benchmark, the 60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index.
CGBL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 48% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 59.3%. It sat 3.4% below its high of Aug 13, 2026 on Oct 28, 2026.
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, CGBL or SLV?
- In the year to Oct 28, 2026, with distributions reinvested, CGBL returned +7.1% and SLV +14.9%.
- Which is cheaper, CGBL or SLV?
- CGBL is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, CGBL against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgbl-vs-slv
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[CGBL against SLV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/cgbl-vs-slv)
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