Data as of Oct 28, 2026.

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SIVR vs XOP: Differences, Returns & Fees

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SIVR and XOP are both commodity funds, and over the year to Oct 28, 2026, XOP returned +62.5% against +15.0%.

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Net assets: $3.7bn on Oct 28, 2026 for abrdn Physical Silver Shares ETF, and $4.6bn on Oct 27, 2026 for State Street SPDR S&P Oil & Gas Exploration & Production ETF.

At a glance
+15.0%
SIVR total return, 1 year
+62.5%
XOP total return, 1 year
0.30%
SIVR expense ratio
0.35%
XOP expense ratio

Pair scorecard

SIVR costs 0.05 points a year less; their one-year returns differ by 47.5 points.

SIVR vs XOP: Differences, Returns & Fees
MeasureSIVRXOP
Return
Total return, 1 year+15.0%+62.5%
Drawdown
Below its high53.5%, high on Jan 28, 202624.8%, high on Jun 23, 2014
Benchmark
What it tracksSilverS&P Oil & Gas Exploration & Production Select Industry Index
Cost and size
Expense ratio0.30%0.35%
Net assets, SIVR as of Oct 28, 2026 and XOP as of Oct 27, 2026$3.7bn$4.6bn
Holdings
Holdings in commonnot published

Method

Risk and return

Jul 31, 2009 to Oct 23, 2026 · 899 weekly returns
SIVR XOP
Return
Total return edge SIVR +267.1% +89.0%
Annualized edge SIVR +7.8% +3.8%
Price return edge SIVR +267.1% +44.4%
Risk
Volatility edge SIVR 31.0% 35.6%
Max drawdown edge SIVR −74.7% −89.6%
Risk-adjusted
Sharpe edge SIVR 0.35 0.24
Sortino edge SIVR 0.51 0.34
Calmar edge SIVR 0.10 0.04
Reading

SIVR returned more: +267.1% to +89.0%. SIVR swung less: 31.0% to 35.6%. SIVR fell less at its worst: −74.7% to −89.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: SIVR vs XOP: Differences, Returns & Fees
MeasureSIVRXOPEdgeHow it is measured
Return
Total return+267.1%+89.0%SIVRPrice change plus distributions, reinvested.
Annualized+7.8%+3.8%SIVRTotal return as a yearly rate.
Price return+267.1%+44.4%SIVRPrice change alone, distributions left out.
Risk
Volatility31.0%35.6%SIVRSpread of weekly returns, annualized. Lower is steadier.
Downside deviation21.3%25.1%SIVRLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−74.7%−89.6%SIVRDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.350.24SIVRReturn above Treasury bills per unit of volatility.
Sortino0.510.34SIVRReturn above Treasury bills per unit of downside deviation.
Calmar0.100.04SIVRAnnualized return divided by the max drawdown.

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 XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF
Where it sits Commodity ETF Stock ETF
What it is Holds silver Tracks the S&P Oil & Gas Exploration & Production
Total return, 1 year +15.0% +62.5%
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% 0.35%
Holdings not counted 52
Net assets, SIVR as of Oct 28, 2026 and XOP as of Oct 27, 2026 $3.7bn $4.6bn

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

Client brief · page 1 of 2 Report BR-8675A53A36

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

  1. What each follows. SIVR follows Silver and XOP follows S&P Oil & Gas Exploration & Production Select Industry Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 SIVR returned +15.0% and XOP +62.5% with distributions reinvested, a gap of 47.5 points.
  3. Cost (similar). SIVR charges 0.30% of assets a year and XOP 0.35%, a gap of 0.05 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.

XOP

XOP tracks the S&P Oil & Gas Exploration & Production. Over the year to Oct 28, 2026 it returned +62.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. It sat 24.8% below its high of Jun 23, 2014 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SIVR or XOP?
In the year to Oct 28, 2026, with distributions reinvested, SIVR returned +15.0% and XOP +62.5%.
Which is cheaper, SIVR or XOP?
SIVR is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, SIVR against XOP, data as of Oct 28, 2026. https://etfiq.com/compare/any/sivr-vs-xop

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