Data as of Oct 28, 2026.

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SCHB vs SLV: Differences, Returns & Fees

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SCHB is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +13.4%.

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Net assets: $44.6bn on Aug 31, 2026 for Schwab U.S. Broad Market ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

At a glance
+13.4%
SCHB total return, 1 year
+14.9%
SLV total return, 1 year
0.03%
SCHB expense ratio
0.50%
SLV expense ratio

Pair scorecard

SCHB costs 0.47 points a year less; their one-year returns differ by 1.5 points.

SCHB vs SLV: Differences, Returns & Fees
MeasureSCHBSLV
Return
Total return, 1 year+13.4%+14.9%
Drawdown
Below its high53.5%, high on Jan 28, 2026
Benchmark
What it tracksDow Jones U.S. Broad Stock Market IndexSilver
Cost and size
Expense ratio0.03%0.50%
Net assets, SCHB as of Aug 31, 2026 and SLV as of Oct 28, 2026$44.6bn$26.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight88%
Top ten holdings, share of the fund33.7%

Method

Risk and return

Nov 13, 2009 to Oct 23, 2026 · 884 weekly returns
SCHB SLV
Return
Total return edge SCHB +807.9% +184.1%
Annualized edge SCHB +13.9% +6.3%
Price return edge SCHB +582.0% +184.1%
Risk
Volatility edge SCHB 16.5% 31.0%
Max drawdown edge SCHB −33.3% −75.2%
Risk-adjusted
Sharpe edge SCHB 0.78 0.31
Sortino edge SCHB 1.13 0.44
Calmar edge SCHB 0.42 0.08
Reading

SCHB returned more: +807.9% to +184.1%. SCHB swung less: 16.5% to 31.0%. SCHB fell less at its worst: −33.3% to −75.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: SCHB vs SLV: Differences, Returns & Fees
MeasureSCHBSLVEdgeHow it is measured
Return
Total return+807.9%+184.1%SCHBPrice change plus distributions, reinvested.
Annualized+13.9%+6.3%SCHBTotal return as a yearly rate.
Price return+582.0%+184.1%SCHBPrice change alone, distributions left out.
Risk
Volatility16.5%31.0%SCHBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation11.4%21.4%SCHBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−33.3%−75.2%SCHBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.780.31SCHBReturn above Treasury bills per unit of volatility.
Sortino1.130.44SCHBReturn above Treasury bills per unit of downside deviation.
Calmar0.420.08SCHBAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 884 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

SCHB Schwab U.S. Broad Market ETF SLV iShares Silver Trust
Where it sits Stock ETF Commodity ETF
What it is Tracks an index of US broad market Holds silver
Total return, 1 year +13.4% +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 0.03% 0.50%
Holdings 2372 not counted
Net assets, SCHB as of Aug 31, 2026 and SLV as of Oct 28, 2026 $44.6bn $26.9bn

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

Client brief · page 1 of 2 Report BR-1570423C7D

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

  1. What each follows. SCHB follows Dow Jones U.S. Broad Stock Market Index and SLV follows Silver.
  2. Cost. SCHB charges 0.03% of assets a year and SLV 0.50%, a gap of 0.47 points.
  3. One-year total return (similar). Over 1 year to Oct 28, 2026 SCHB returned +13.4% and SLV +14.9% with distributions reinvested, a gap of 1.5 points.

Data as of Oct 28, 2026.

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About each fund
SCHB

SCHB tracks an index of US broad market. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,372 positions, with the top ten at 33.7%.

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, SCHB or SLV?
In the year to Oct 28, 2026, with distributions reinvested, SCHB returned +13.4% and SLV +14.9%.
Which is cheaper, SCHB or SLV?
SCHB 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, SCHB against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/schb-vs-slv

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