Data as of Oct 28, 2026.

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SIVR vs VOE: Differences, Returns & Fees

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SIVR is a commodity fund and VOE an equity index fund, and over the year to Oct 28, 2026, VOE returned +22.8% against +15.0%.

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Net assets: $3.7bn on Oct 28, 2026 for abrdn Physical Silver Shares ETF, and $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.

At a glance
+15.0%
SIVR total return, 1 year
+22.8%
VOE total return, 1 year
0.30%
SIVR expense ratio
0.05%
VOE expense ratio

Pair scorecard

VOE costs 0.25 points a year less; their one-year returns differ by 7.8 points.

SIVR vs VOE: Differences, Returns & Fees
MeasureSIVRVOE
Return
Total return, 1 year+15.0%+22.8%
Drawdown
Below its high53.5%, high on Jan 28, 2026
Benchmark
What it tracksSilverMorningstar US Mid Cap Value Index
Cost and size
Expense ratio0.30%0.05%
Net assets, SIVR as of Oct 28, 2026 and VOE as of Sep 30, 2026$3.7bn$22.8bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight96%
Top ten holdings, share of the fund14.0%

Method

Side by side

SIVR abrdn Physical Silver Shares ETF VOE Vanguard Morningstar Mid-Cap Value ETF
Where it sits Commodity ETF Stock ETF
What it is Holds silver Tracks an index of Mid-Cap Value
Total return, 1 year +15.0% +22.8%
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% 0.05%
Holdings not counted 169
Net assets, SIVR as of Oct 28, 2026 and VOE as of Sep 30, 2026 $3.7bn $22.8bn

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

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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.

VOE

VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.

Questions people ask

Which returned more over the last year, SIVR or VOE?
In the year to Oct 28, 2026, with distributions reinvested, SIVR returned +15.0% and VOE +22.8%.
Which is cheaper, SIVR or VOE?
VOE is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, SIVR against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/sivr-vs-voe

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