Data as of Oct 28, 2026.

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IYE vs SLV: Differences, Returns & Fees

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IYE is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, IYE returned +58.8% against +14.9%.

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Net assets on Oct 28, 2026: $1.8bn for iShares U.S. Energy ETF and $26.9bn for iShares Silver Trust.

At a glance
+58.8%
IYE total return, 1 year
+14.9%
SLV total return, 1 year
0.37%
IYE expense ratio
0.50%
SLV expense ratio

Pair scorecard

IYE costs 0.13 points a year less; their one-year returns differ by 43.9 points; SLV is 14.9 times larger.

IYE vs SLV: Differences, Returns & Fees
MeasureIYESLV
Return
Total return, 1 year+58.8%+14.9%
Drawdown
Below its high53.5%, high on Jan 28, 2026
Benchmark
What it tracksRussell 1000 Energy RIC 22Silver
Cost and size
Expense ratio0.37%0.50%
Net assets$1.8bn$26.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight67%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund71.5%

Method

Risk and return

May 5, 2006 to Oct 23, 2026 · 1,068 weekly returns
IYE SLV
Return
Total return edge IYE (slight) +270.0% +248.1%
Annualized edge IYE (slight) +6.6% +6.3%
Price return edge SLV +119.5% +248.1%
Risk
Volatility edge IYE 27.8% 32.5%
Max drawdown edge IYE (slight) −71.5% −75.2%
Risk-adjusted
Sharpe edge IYE (slight) 0.31 0.30
Sortino edge Tie 0.43 0.42
Calmar edge IYE (slight) 0.09 0.08
Reading

IYE returned slightly more: +270.0% to +248.1%. IYE swung less: 27.8% to 32.5%. IYE fell slightly less at its worst: −71.5% to −75.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IYE vs SLV: Differences, Returns & Fees
MeasureIYESLVEdgeHow it is measured
Return
Total return+270.0%+248.1%IYE (slight)Price change plus distributions, reinvested.
Annualized+6.6%+6.3%IYE (slight)Total return as a yearly rate.
Price return+119.5%+248.1%SLVPrice change alone, distributions left out.
Risk
Volatility27.8%32.5%IYESpread of weekly returns, annualized. Lower is steadier.
Downside deviation20.1%23.0%IYELike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−71.5%−75.2%IYE (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.310.30IYE (slight)Return above Treasury bills per unit of volatility.
Sortino0.430.42TieReturn above Treasury bills per unit of downside deviation.
Calmar0.090.08IYE (slight)Annualized return divided by the max drawdown.

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

IYE iShares U.S. Energy ETF SLV iShares Silver Trust
Where it sits Stock ETF Commodity ETF
What it is Tracks an index of U.S. Energy Holds silver
Total return, 1 year +58.8% +14.9%
Its benchmark over the same days not measured +15.0% (SIVR)
Gap to its benchmark not measured −0.1 pts vs SIVR
Expense ratio 0.37% 0.50%
Holdings 41 not counted
Net assets $1.8bn $26.9bn

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

Client brief · page 1 of 2 Report BR-E7066BE80A

IYE and SLV do different jobs. What does each one do in a portfolio?

  1. What each follows. IYE follows Russell 1000 Energy RIC 22 and SLV follows Silver.
  2. One-year total return. Over 1 year to Oct 28, 2026 IYE returned +58.8% and SLV +14.9% with distributions reinvested, a gap of 43.9 points.
  3. Cost. IYE charges 0.37% of assets a year and SLV 0.50%, a gap of 0.13 points.

Data as of Oct 28, 2026.

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About each fund
IYE

IYE tracks an index of U.S. Energy. Over the year to Oct 28, 2026 it returned +58.8% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 67% of the fund by weight is stocks the S&P 500 also holds, across 41 positions, with the top ten at 71.5%.

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, IYE or SLV?
In the year to Oct 28, 2026, with distributions reinvested, IYE returned +58.8% and SLV +14.9%.
Which is cheaper, IYE or SLV?
IYE is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, IYE against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/iye-vs-slv

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