Data as of Oct 28, 2026.

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LQD vs SLV: Differences, Returns & Fees

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LQD is a bond index fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against −3.4%.

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Net assets: $30.6bn on Oct 27, 2026 for iShares iBoxx $ Investment Grade Corporate Bond ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

At a glance
−3.4%
LQD total return, 1 year
+14.9%
SLV total return, 1 year
0.14%
LQD expense ratio
0.50%
SLV expense ratio

Pair scorecard

LQD costs 0.36 points a year less; their one-year returns differ by 18.3 points; LQD is 1.2 times larger.

LQD vs SLV: Differences, Returns & Fees
MeasureLQDSLV
Return
Total return, 1 year−3.4%+14.9%
Drawdown
Below its high6.3%, high on Sep 22, 202153.5%, high on Jan 28, 2026
Benchmark
What it tracksMarkit iBoxx USD Liquid Investment Grade IndexSilver
Cost and size
Expense ratio0.14%0.50%
Net assets, as of Oct 27, 2026$30.6bn$26.5bn
Holdings
Holdings in commonnot published

Method

Side by side

LQD iShares iBoxx $ Investment Grade Corporate Bond ETF SLV iShares Silver Trust
Where it sits Bond ETF Commodity ETF
What it is Tracks an index of US investment grade bonds Holds silver
Total return, 1 year −3.4% +14.9%
Its benchmark over the same days −1.2% (IUSB) +15.0% (SIVR)
Gap to its benchmark −2.2 pts vs IUSB −0.1 pts vs SIVR
Expense ratio 0.14% 0.50%
Holdings 3191 not counted
Net assets, LQD as of Oct 27, 2026 and SLV as of Oct 28, 2026 $30.6bn $26.9bn

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

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About each fund
LQD

LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 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, LQD or SLV?
In the year to Oct 28, 2026, with distributions reinvested, LQD returned −3.4% and SLV +14.9%.
Which is cheaper, LQD or SLV?
LQD is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, LQD against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/lqd-vs-slv

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