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

In the year to Oct 28, 2026, with distributions reinvested, MDY returned +12.8% and SLV +14.9%.

Which is cheaper, MDY or SLV?

MDY is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

MDY vs SLV: Differences, Returns & Fees

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MDY is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +12.8%.

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Net assets: $25.9bn on Oct 27, 2026 for SPDR S&P MidCap 400 ETF Trust, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

MDY on its own →SLV on its own →

At a glance

+12.8%

MDY total return, 1 year

+14.9%

SLV total return, 1 year

0.23%

MDY expense ratio

0.50%

SLV expense ratio

Pair scorecard

MDY costs 0.27 points a year less; their one-year returns differ by 2.1 points.

MDY vs SLV: Differences, Returns & Fees
Measure	MDY	SLV
Return
Measure	MDY	SLV
Total return, 1 year	+12.8%	+14.9%
Drawdown
Measure	MDY	SLV
Below its high	6.5%, high on Aug 14, 2026	53.5%, high on Jan 28, 2026
Benchmark
Measure	MDY	SLV
What it tracks	S&P MidCap 400 Index	Silver
Cost and size
Measure	MDY	SLV
Expense ratio	0.23%	0.50%
Net assets, as of Oct 27, 2026	$25.9bn	$26.5bn
Holdings
Measure	MDY	SLV
Holdings in common	not published
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	7.5%

Method

Side by side

MDY SPDR S&P MidCap 400 ETF Trust SLV iShares Silver Trust

Where it sits Stock ETF Commodity ETF

Issuer State Street iShares

What it is Tracks the S&P MidCap 400 Holds silver

Total return, 1 year +12.8% +14.9%

Its benchmark over the same days +13.2% (IJH) +15.0% (SIVR)

Gap to its benchmark −0.4 pts vs IJH −0.1 pts vs SIVR

Expense ratio 0.23% 0.50%

Holdings 401 not counted

Net assets, MDY as of Oct 27, 2026 and SLV as of Oct 28, 2026 $25.9bn $26.9bn

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

Alert

About each fund

MDY

MDY tracks the S&P MidCap 400. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested, against +13.2% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.23% 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 401 positions, with the top ten at 7.5%. It sat 6.5% below its high of Aug 14, 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, MDY or SLV?: In the year to Oct 28, 2026, with distributions reinvested, MDY returned +12.8% and SLV +14.9%.
Which is cheaper, MDY or SLV?: MDY is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLDM vs MDY GLD vs MDY MDY vs SIVR MDY vs USO SLV vs VO SLV vs VXF MOAT vs SLV IJH vs SLV

Where to next

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

Sources and dates

MDY filings on SEC EDGAR ↗

State Street website ↗

iShares page for SLV ↗

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

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

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