Data as of Oct 28, 2026.

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SIVR vs XLY: Differences, Returns & Fees

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SIVR is a commodity fund and XLY an equity index fund, and over the year to Oct 28, 2026, SIVR returned +15.0% against −3.6%.

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Net assets: $3.7bn on Oct 28, 2026 for abrdn Physical Silver Shares ETF, and $22.4bn on Oct 27, 2026 for State Street Consumer Discretionary Select Sector SPDR ETF.

At a glance
+15.0%
SIVR total return, 1 year
−3.6%
XLY total return, 1 year
0.30%
SIVR expense ratio
0.08%
XLY expense ratio

Pair scorecard

XLY costs 0.22 points a year less; their one-year returns differ by 18.6 points.

SIVR vs XLY: Differences, Returns & Fees
MeasureSIVRXLY
Return
Total return, 1 year+15.0%−3.6%
Drawdown
Below its high53.5%, high on Jan 28, 20266.8%, high on Jan 12, 2026
Benchmark
What it tracksSilverConsumer Discretionary Select Sector Index
Cost and size
Expense ratio0.30%0.08%
Net assets, SIVR as of Oct 28, 2026 and XLY as of Oct 27, 2026$3.7bn$22.4bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund68.5%

Method

Risk and return

Jul 31, 2009 to Oct 23, 2026 · 899 weekly returns
SIVR XLY
Return
Total return edge XLY +267.1% +1,005.0%
Annualized edge XLY +7.8% +14.9%
Price return edge XLY +267.1% +795.1%
Risk
Volatility edge XLY 31.0% 19.7%
Max drawdown edge XLY −74.7% −38.3%
Downside capture 99.8% 106.8%
Beta 1.00 1.10
Risk-adjusted
Sharpe edge XLY 0.35 0.73
Sortino edge XLY 0.51 1.09
Treynor 0.109 0.087
Calmar edge XLY 0.10 0.39
Against the benchmark
Alpha +0.2% a year +0.7% a year
Alpha t-stat 0.96 0.34
Information ratio 0.19 0.14
Tracking error 0.8% 10.6%

Each against its own benchmark: SIVR against SLV, Jul 31, 2009 to Oct 23, 2026; XLY against SPY, Dec 31, 1998 to Oct 23, 2026.

Reading

XLY returned more: +1,005.0% to +267.1%. XLY swung less: 19.7% to 31.0%. XLY fell less at its worst: −38.3% to −74.7%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: SIVR vs XLY: Differences, Returns & Fees
MeasureSIVRXLYEdgeHow it is measured
Return
Total return+267.1%+1,005.0%XLYPrice change plus distributions, reinvested.
Annualized+7.8%+14.9%XLYTotal return as a yearly rate.
Price return+267.1%+795.1%XLYPrice change alone, distributions left out.
Risk
Volatility31.0%19.7%XLYSpread of weekly returns, annualized. Lower is steadier.
Downside deviation21.3%13.1%XLYLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−74.7%−38.3%XLYDeepest fall from a high to the low after it.
Upside capture99.6%118.0%Share of its benchmark's rise caught in the weeks it rose.
Downside capture99.8%106.8%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.001.10Not an edgeHow far it moves for each 1% its benchmark moves.
R squared1.000.77Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.350.73XLYReturn above Treasury bills per unit of volatility.
Sortino0.511.09XLYReturn above Treasury bills per unit of downside deviation.
Treynor0.1090.087Return above Treasury bills per unit of beta.
Calmar0.100.39XLYAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkSLVSPYThe ETF each fund is measured against.
Alpha+0.2% a year+0.7% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.960.34Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.2% to +0.6%−3.2% to +4.6%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.190.14Return against its benchmark per unit of tracking error.
Tracking error0.8%10.6%Not an edgeHow 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 abrdn Physical Silver Shares ETF XLY State Street Consumer Discretionary Select Sector SPDR ETF
Where it sits Commodity ETF Stock ETF
What it is Holds silver Tracks an index of Consumer discretionary
Total return, 1 year +15.0% −3.6%
Its benchmark over the same days +14.9% (SLV) +13.6% (SPY)
Gap to its benchmark +0.1 pts vs SLV −17.2 pts vs SPY
Expense ratio 0.30% 0.08%
Holdings not counted 48
Net assets, SIVR as of Oct 28, 2026 and XLY as of Oct 27, 2026 $3.7bn $22.4bn

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

Client brief · page 1 of 2 Report BR-0DCEA726E0

SIVR and XLY do different jobs. What does each one do in a portfolio?

  1. What each follows. SIVR follows Silver and XLY follows Consumer Discretionary Select Sector Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 SIVR returned +15.0% and XLY −3.6% with distributions reinvested, a gap of 18.6 points.
  3. Cost. SIVR charges 0.30% of assets a year and XLY 0.08%, a gap of 0.22 points.

Data as of Oct 28, 2026.

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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.

XLY

XLY tracks an index of Consumer discretionary. Over the year to Oct 28, 2026 it returned −3.6% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 48 positions, with the top ten at 68.5%. It sat 6.8% below its high of Jan 12, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SIVR or XLY?
In the year to Oct 28, 2026, with distributions reinvested, SIVR returned +15.0% and XLY −3.6%.
Which is cheaper, SIVR or XLY?
XLY is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, SIVR against XLY, data as of Oct 28, 2026. https://etfiq.com/compare/any/sivr-vs-xly

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