Which returned more over the last year, SIVR or USMV?

In the year to Oct 28, 2026, with distributions reinvested, SIVR returned +15.0% and USMV +10.8%.

Which is cheaper, SIVR or USMV?

USMV is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

SIVR vs USMV: Differences, Returns & Fees

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SIVR is a commodity fund and USMV an equity index fund, and over the year to Oct 28, 2026, SIVR returned +15.0% against +10.8%.

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Net assets: $3.7bn on Oct 28, 2026 for abrdn Physical Silver Shares ETF, and $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF.

SIVR on its own →USMV on its own →

At a glance

+15.0%

SIVR total return, 1 year

+10.8%

USMV total return, 1 year

0.30%

SIVR expense ratio

0.15%

USMV expense ratio

Pair scorecard

USMV costs 0.15 points a year less; their one-year returns differ by 4.2 points.

SIVR vs USMV: Differences, Returns & Fees
Measure	SIVR	USMV
Return
Measure	SIVR	USMV
Total return, 1 year	+15.0%	+10.8%
Drawdown
Measure	SIVR	USMV
Below its high	53.5%, high on Jan 28, 2026
Benchmark
Measure	SIVR	USMV
What it tracks	Silver	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	SIVR	USMV
Expense ratio	0.30%	0.15%
Net assets, SIVR as of Oct 28, 2026 and USMV as of Oct 27, 2026	$3.7bn	$24.1bn
Holdings
Measure	SIVR	USMV
Holdings in common	not published
In the S&P 500, by weight		93%
Top ten holdings, share of the fund		14.8%

Method

Side by side

SIVR abrdn Physical Silver Shares ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Commodity ETF Stock ETF

Issuer abrdn iShares

What it is Holds silver Tracks the MSCI USA Min Vol Factor

Total return, 1 year +15.0% +10.8%

Its benchmark over the same days +14.9% (SLV) not measured

Gap to its benchmark +0.1 pts vs SLV not measured

Expense ratio 0.30% 0.15%

Holdings not counted 176

Net assets, SIVR as of Oct 28, 2026 and USMV as of Oct 27, 2026 $3.7bn $24.1bn

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

Alert

About each fund

SIVR

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.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, SIVR or USMV?: In the year to Oct 28, 2026, with distributions reinvested, SIVR returned +15.0% and USMV +10.8%.
Which is cheaper, SIVR or USMV?: USMV is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GRNY vs SIVR SIVR vs SPY RDVY vs SIVR CGGR vs SIVR BWET vs USMV USMV vs USO GLDM vs USMV IAU vs USMV

Where to next

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

Sources and dates

abrdn website ↗

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

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

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ETFIQ, SIVR against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/sivr-vs-usmv

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