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

In the year to Oct 28, 2026, with distributions reinvested, IEMG returned +15.3% and SLV +14.9%.

Which is cheaper, IEMG or SLV?

IEMG is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

IEMG vs SLV: Differences, Returns & Fees

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IEMG is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, IEMG returned +15.3% against +14.9%.

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Net assets: $150.4bn on Oct 27, 2026 for iShares Core MSCI Emerging Markets ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

IEMG on its own →SLV on its own →

At a glance

+15.3%

IEMG total return, 1 year

+14.9%

SLV total return, 1 year

0.09%

IEMG expense ratio

0.50%

SLV expense ratio

Pair scorecard

IEMG costs 0.41 points a year less; their one-year returns differ by 0.4 points; IEMG is 5.7 times larger.

IEMG vs SLV: Differences, Returns & Fees
Measure	IEMG	SLV
Return
Measure	IEMG	SLV
Total return, 1 year	+15.3%	+14.9%
Drawdown
Measure	IEMG	SLV
Below its high	10.1%, high on Jun 22, 2026	53.5%, high on Jan 28, 2026
Benchmark
Measure	IEMG	SLV
What it tracks	MSCI Emerging Markets Investable Market Index (IMI)	Silver
Cost and size
Measure	IEMG	SLV
Expense ratio	0.09%	0.50%
Net assets, as of Oct 27, 2026	$150.4bn	$26.5bn
Holdings
Measure	IEMG	SLV
Holdings in common	not published
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	32.7%

Method

Side by side

IEMG iShares Core MSCI Emerging Markets ETF SLV iShares Silver Trust

Where it sits Stock ETF Commodity ETF

Issuer iShares iShares

What it is Tracks the MSCI Emerging Markets Holds silver

Total return, 1 year +15.3% +14.9%

Its benchmark over the same days +16.3% (EEM) +15.0% (SIVR)

Gap to its benchmark −1.0 pts vs EEM −0.1 pts vs SIVR

Expense ratio 0.09% 0.50%

Holdings 2857 not counted

Net assets, IEMG as of Oct 27, 2026 and SLV as of Oct 28, 2026 $150.4bn $26.9bn

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

Alert

About each fund

IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% 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 2,857 positions, with the top ten at 32.7%. It sat 10.1% 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, IEMG or SLV?: In the year to Oct 28, 2026, with distributions reinvested, IEMG returned +15.3% and SLV +14.9%.
Which is cheaper, IEMG or SLV?: IEMG is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLDM vs IEMG IAU vs IEMG GLD vs IEMG IEMG vs SIVR SLV vs VWO AVEM vs SLV EEM vs SLV EMXC vs SLV

Where to next

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

Sources and dates

IEMG filings on SEC EDGAR ↗

IEMG prospectus with the expense ratio (SEC) ↗

iShares page for IEMG ↗

iShares page for SLV ↗

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

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

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