Data as of Oct 28, 2026.

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EMB vs SIVR: Differences, Returns & Fees

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EMB is a bond index fund and SIVR a commodity fund, and over the year to Oct 28, 2026, SIVR returned +15.0% against −0.4%.

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Net assets on Oct 28, 2026: $13.2bn for iShares J.P. Morgan USD Emerging Markets Bond ETF and $3.7bn for abrdn Physical Silver Shares ETF.

At a glance
−0.4%
EMB total return, 1 year
+15.0%
SIVR total return, 1 year
0.39%
EMB expense ratio
0.30%
SIVR expense ratio

Pair scorecard

SIVR costs 0.09 points a year less; their one-year returns differ by 15.4 points; EMB is 3.6 times larger.

EMB vs SIVR: Differences, Returns & Fees
MeasureEMBSIVR
Return
Total return, 1 year−0.4%+15.0%
Drawdown
Below its high3.5%, high on Jun 29, 202653.5%, high on Jan 28, 2026
Benchmark
What it tracksJ.P. Morgan EMBI Global Core IndexSilver
Cost and size
Expense ratio0.39%0.30%
Net assets$13.2bn$3.7bn
Holdings
Holdings in commonnot published

Method

Risk and return

Jul 31, 2009 to Oct 23, 2026 · 899 weekly returns
EMB SIVR
Return
Total return edge SIVR +116.7% +267.1%
Annualized edge SIVR +4.6% +7.8%
Price return edge SIVR −5.0% +267.1%
Risk
Volatility edge EMB 9.2% 31.0%
Max drawdown edge EMB −27.9% −74.7%
Risk-adjusted
Sharpe edge EMB (slight) 0.37 0.35
Sortino edge SIVR (slight) 0.49 0.51
Calmar edge EMB 0.16 0.10
Reading

SIVR returned more: +267.1% to +116.7%. EMB swung less: 9.2% to 31.0%. EMB fell less at its worst: −27.9% to −74.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EMB vs SIVR: Differences, Returns & Fees
MeasureEMBSIVREdgeHow it is measured
Return
Total return+116.7%+267.1%SIVRPrice change plus distributions, reinvested.
Annualized+4.6%+7.8%SIVRTotal return as a yearly rate.
Price return−5.0%+267.1%SIVRPrice change alone, distributions left out.
Risk
Volatility9.2%31.0%EMBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation6.9%21.3%EMBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−27.9%−74.7%EMBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.370.35EMB (slight)Return above Treasury bills per unit of volatility.
Sortino0.490.51SIVR (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.160.10EMBAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 899 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

EMB iShares J.P. Morgan USD Emerging Markets Bond ETF SIVR abrdn Physical Silver Shares ETF
Where it sits Bond ETF Commodity ETF
Issuer iShares abrdn
What it is Tracks the J.P. Morgan USD Emerging Markets Bond Holds silver
Total return, 1 year −0.4% +15.0%
Its benchmark over the same days not measured +14.9% (SLV)
Gap to its benchmark not measured +0.1 pts vs SLV
Expense ratio 0.39% 0.30%
Holdings 622 not counted
Net assets $13.2bn $3.7bn

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

Client brief · page 1 of 2 Report BR-E8AE0A9524

EMB and SIVR do different jobs. What does each one do in a portfolio?

  1. What each follows. EMB follows J.P. Morgan EMBI Global Core Index and SIVR follows Silver.
  2. One-year total return. Over 1 year to Oct 28, 2026 EMB returned −0.4% and SIVR +15.0% with distributions reinvested, a gap of 15.4 points.
  3. Size. EMB has $13.2bn in net assets and SIVR $3.7bn (Net assets); EMB is 3.6 times larger.

Data as of Oct 28, 2026.

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About each fund
EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 2026 on Oct 28, 2026.

SIVR

Its expense ratio is 0.30% a year, for the three months to Jun 30, 2026, as its 10-Q states.

SIVR holds silver. Over the year to Oct 28, 2026 it returned +15.0% with distributions reinvested, against +14.9% 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, EMB or SIVR?
In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and SIVR +15.0%.
Which is cheaper, EMB or SIVR?
SIVR is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, EMB against SIVR, data as of Oct 28, 2026. https://etfiq.com/compare/any/emb-vs-sivr

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