Data as of Oct 28, 2026.

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EMXC vs SLV: Differences, Returns & Fees

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EMXC is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, EMXC returned +33.8% against +14.9%.

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Net assets on Oct 28, 2026: $26.9bn for iShares MSCI Emerging Markets ex China ETF and $26.9bn for iShares Silver Trust.

At a glance
+33.8%
EMXC total return, 1 year
+14.9%
SLV total return, 1 year
0.25%
EMXC expense ratio
0.50%
SLV expense ratio

Pair scorecard

EMXC costs 0.25 points a year less; their one-year returns differ by 18.9 points.

EMXC vs SLV: Differences, Returns & Fees
MeasureEMXCSLV
Return
Total return, 1 year+33.8%+14.9%
Drawdown
Below its high11.3%, high on Jun 22, 202653.5%, high on Jan 28, 2026
Benchmark
What it tracksMSCI Emerging Markets ex China IndexSilver
Cost and size
Expense ratio0.25%0.50%
Net assets$26.9bn$26.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund42.2%

Method

Side by side

EMXC iShares MSCI Emerging Markets ex China ETF SLV iShares Silver Trust
Where it sits Stock ETF Commodity ETF
What it is Tracks the MSCI Emerging Markets ex China Holds silver
Total return, 1 year +33.8% +14.9%
Its benchmark over the same days +37.0% (KEMX) +15.0% (SIVR)
Gap to its benchmark −3.2 pts vs KEMX −0.1 pts vs SIVR
Expense ratio 0.25% 0.50%
Holdings 696 not counted
Net assets $26.9bn $26.9bn

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

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About each fund
EMXC

EMXC tracks the MSCI Emerging Markets ex China. Over the year to Oct 28, 2026 it returned +33.8% with distributions reinvested, against +37.0% for its benchmark, the MSCI Emerging Markets ex China Index. The prospectus expense ratio is 0.25% 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 696 positions, with the top ten at 42.2%. It sat 11.3% below its high of Jun 22, 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, EMXC or SLV?
In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and SLV +14.9%.
Which is cheaper, EMXC or SLV?
EMXC is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, EMXC against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/emxc-vs-slv

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