Data as of Oct 28, 2026.

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MOAT vs SLV: Differences, Returns & Fees

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MOAT is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +10.3%.

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Net assets: $11.6bn on Oct 27, 2026 for VanEck Morningstar Wide Moat ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

At a glance
+10.3%
MOAT total return, 1 year
+14.9%
SLV total return, 1 year
0.46%
MOAT expense ratio
0.50%
SLV expense ratio

Pair scorecard

MOAT costs 0.04 points a year less; their one-year returns differ by 4.6 points; SLV is 2.3 times larger.

MOAT vs SLV: Differences, Returns & Fees
MeasureMOATSLV
Return
Total return, 1 year+10.3%+14.9%
Drawdown
Below its high3.7%, high on Aug 27, 202653.5%, high on Jan 28, 2026
Benchmark
What it tracksMorningstar Wide Moat Focus IndexSilver
Cost and size
Expense ratio0.46%0.50%
Net assets, as of Oct 27, 2026$11.6bn$26.5bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight92%
Top ten holdings, share of the fund26.5%

Method

Side by side

MOAT VanEck Morningstar Wide Moat ETF SLV iShares Silver Trust
Where it sits Stock ETF Commodity ETF
What it is Tracks the Morningstar Wide Moat Holds silver
Total return, 1 year +10.3% +14.9%
Its benchmark over the same days +13.7% (VOO) +15.0% (SIVR)
Gap to its benchmark −3.4 pts vs VOO −0.1 pts vs SIVR
Expense ratio 0.46% 0.50%
Holdings 54 not counted
Net assets, MOAT as of Oct 27, 2026 and SLV as of Oct 28, 2026 $11.6bn $26.9bn

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

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About each fund
MOAT

MOAT tracks the Morningstar Wide Moat. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.46% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 54 positions, with the top ten at 26.5%. It sat 3.7% below its high of Aug 27, 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, MOAT or SLV?
In the year to Oct 28, 2026, with distributions reinvested, MOAT returned +10.3% and SLV +14.9%.
Which is cheaper, MOAT or SLV?
MOAT is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, MOAT against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/moat-vs-slv

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