Which returned more over the last year, GARP or SLV?

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and SLV +14.9%.

Which is cheaper, GARP or SLV?

GARP is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

GARP vs SLV: Differences, Returns & Fees

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GARP is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, GARP returned +18.0% against +14.9%.

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Net assets: $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

GARP on its own →SLV on its own →

At a glance

+18.0%

GARP total return, 1 year

+14.9%

SLV total return, 1 year

0.15%

GARP expense ratio

0.50%

SLV expense ratio

Pair scorecard

GARP costs 0.35 points a year less; their one-year returns differ by 3.1 points; SLV is 7.4 times larger.

GARP vs SLV: Differences, Returns & Fees
Measure	GARP	SLV
Return
Measure	GARP	SLV
Total return, 1 year	+18.0%	+14.9%
Drawdown
Measure	GARP	SLV
Below its high	7.0%, high on Oct 6, 2026	53.5%, high on Jan 28, 2026
Benchmark
Measure	GARP	SLV
What it tracks	MSCI USA Quality GARP Select Index	Silver
Cost and size
Measure	GARP	SLV
Expense ratio	0.15%	0.50%
Net assets, as of Oct 27, 2026	$3.6bn	$26.5bn
Holdings
Measure	GARP	SLV
Holdings in common	not published
In the S&P 500, by weight	94%
Top ten holdings, share of the fund	43.5%

Method

Side by side

GARP iShares MSCI USA Quality GARP ETF SLV iShares Silver Trust

Where it sits Stock ETF Commodity ETF

Issuer iShares iShares

What it is Tracks the MSCI USA Quality GARP Holds silver

Total return, 1 year +18.0% +14.9%

Its benchmark over the same days +13.3% (PBUS) +15.0% (SIVR)

Gap to its benchmark +4.7 pts vs PBUS −0.1 pts vs SIVR

Expense ratio 0.15% 0.50%

Holdings 131 not counted

Net assets, GARP as of Oct 27, 2026 and SLV as of Oct 28, 2026 $3.6bn $26.9bn

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

Alert

About each fund

GARP

GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% below its high of Oct 6, 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, GARP or SLV?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and SLV +14.9%.
Which is cheaper, GARP or SLV?: GARP is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GARP vs GLDM GARP vs IAU GARP vs GLD GARP vs SIVR SLV vs VOOG SLV vs VONG SLV vs SPYG SCHG vs SLV

Where to next

GARP on its own →SLV on its own →Hold both: look the portfolio through →Rankings →GARP dividend history →GARP holdings →Standards and sources →

Sources and dates

GARP filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

iShares page for SLV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, GARP against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-slv

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