Data as of Oct 28, 2026.
IVV vs SLV: Differences, Returns & Fees
IVV is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +13.7%.
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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.
Pair scorecard
IVV costs 0.47 points a year less; their one-year returns differ by 1.2 points; IVV is far larger, $885.1bn against $26.5bn.
| Measure | IVV | SLV |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +14.9% |
| Drawdown | ||
| Below its high | 53.5%, high on Jan 28, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 | Silver |
| Cost and size | ||
| Expense ratio | 0.03% | 0.50% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $26.5bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Risk and return
May 5, 2006 to Oct 23, 2026 · 1,068 weekly returnsEach against its own benchmark: IVV against SPY, May 26, 2000 to Oct 23, 2026; SLV against SIVR, Jul 31, 2009 to Oct 23, 2026.
IVV returned more: +740.8% to +248.1%. IVV swung less: 17.7% to 32.5%. IVV fell less at its worst: −54.7% to −75.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | SLV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +740.8% | +248.1% | IVV | Price change plus distributions, reinvested. |
| Annualized | +10.9% | +6.3% | IVV | Total return as a yearly rate. |
| Price return | +475.2% | +248.1% | IVV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.7% | 32.5% | IVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.5% | 23.0% | IVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −54.7% | −75.2% | IVV | Deepest fall from a high to the low after it. |
| Upside capture | 99.3% | 100.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.7% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.58 | 0.30 | IVV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.82 | 0.42 | IVV | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.081 | 0.107 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.20 | 0.08 | IVV | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | SIVR | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | −0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.33 | −0.92 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.5% | −0.6% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.00 | −0.19 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.2% | 0.8% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,068 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
IVV and SLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IVV and SLV do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and SLV follows Silver.
- Cost. IVV charges 0.03% of assets a year and SLV 0.50%, a gap of 0.47 points.
- Size. IVV has $885.1bn in net assets and SLV $26.5bn (net assets, as of Oct 27, 2026); IVV is 33.4 times larger.
Data as of Oct 28, 2026.
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IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
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, IVV or SLV?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and SLV +14.9%.
- Which is cheaper, IVV or SLV?
- IVV is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, IVV against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-slv
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