Data as of Oct 28, 2026.
SIVR vs SLV: Differences, Returns & Fees
SIVR and SLV are both commodity funds, and over the year to Oct 28, 2026, SIVR returned +15.0% against +14.9%.
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Net assets on Oct 28, 2026: $3.7bn for abrdn Physical Silver Shares ETF and $26.9bn for iShares Silver Trust.
Pair scorecard
SIVR costs 0.20 points a year less; their one-year returns differ by 0.1 points; SLV is 7.3 times larger.
| Measure | SIVR | SLV |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.0% | +14.9% |
| Drawdown | ||
| Below its high | 53.5%, high on Jan 28, 2026 | |
| Benchmark | ||
| What it tracks | Silver | Silver |
| Cost and size | ||
| Expense ratio | 0.30% | 0.50% |
| Net assets | $3.7bn | $26.9bn |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
Jul 31, 2009 to Oct 23, 2026 · 899 weekly returnsEach against its own benchmark: SIVR against SLV, Jul 31, 2009 to Oct 23, 2026; SLV against SIVR, Jul 31, 2009 to Oct 23, 2026.
SIVR returned slightly more: +267.1% to +255.6%. SIVR and SLV swung about the same: 31.0% and 31.1%. SIVR and SLV fell about the same at their worst: −74.7% and −75.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SIVR | SLV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +267.1% | +255.6% | SIVR (slight) | Price change plus distributions, reinvested. |
| Annualized | +7.8% | +7.6% | SIVR (slight) | Total return as a yearly rate. |
| Price return | +267.1% | +255.6% | SIVR (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 31.0% | 31.1% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 21.3% | 21.4% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −74.7% | −75.2% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 99.6% | 100.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.8% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.35 | 0.35 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.51 | 0.50 | Tie | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.109 | 0.107 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.10 | 0.10 | SIVR (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SLV | SIVR | The ETF each fund is measured against. | |
| Alpha | +0.2% a year | −0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.96 | −0.92 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.2% to +0.6% | −0.6% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.19 | −0.19 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.8% | 0.8% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 899 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
SIVR and SLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SIVR and SLV are built for the same job. How do they differ in cost, holdings and results?
- Cost. SIVR charges 0.30% of assets a year and SLV 0.50%, a gap of 0.20 points.
- Size. SIVR has $3.7bn in net assets and SLV $26.9bn (Net assets); SLV is 7.3 times larger.
- What each follows (similar). Both follow Silver.
Data as of Oct 28, 2026.
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Its expense ratio is 0.30% a year, for the three months to Jun 30, 2026, as its 10-Q states.
SIVR holds silver. Over the year to Oct 28, 2026 it returned +15.0% with distributions reinvested, against +14.9% for its benchmark, the price of silver. It sat 53.5% below its high of Jan 28, 2026 on Oct 28, 2026.
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.
Questions people ask
- Which returned more over the last year, SIVR or SLV?
- In the year to Oct 28, 2026, with distributions reinvested, SIVR returned +15.0% and SLV +14.9%.
- Which is cheaper, SIVR or SLV?
- SIVR is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's own filings.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, SIVR against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/sivr-vs-slv
ETFIQ. (Oct 28, 2026). SIVR against SLV. Retrieved from https://etfiq.com/compare/any/sivr-vs-slv
[SIVR against SLV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/sivr-vs-slv)
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