Are SLV and SLVI in the same category?

SLV is a commodity ETF and SLVI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which is cheaper, SLV or SLVI?

SLV is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's own filings.

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SLV vs SLVI: Differences, Returns & Fees

SLV and SLVI are measured over different days, and SLV charges 0.50% to SLVI's 0.78%. Net assets: $28.9bn on Oct 14, 2026 for iShares Silver Trust, and $2m on Oct 13, 2026 for NEOS Silver High Income ETF.

SLV costs 0.28 points a year less; SLV is far larger, $29.7bn against $2m.

SLV vs SLVI: Differences, Returns & Fees
	SLV	SLVI
Expense ratio	0.50%	0.78%
Net assets, as of Oct 13, 2026	$29.7bn	$2m
Total return, 1 year	+7.3%	not published
What it tracks	Silver	SLV
Holdings in common	not published
Below its high	52.4%, high on Jan 28, 2026
Cash paid, share of starting value, since Oct 7, 2026		0.0%
Price change, since Oct 7, 2026		fell 6.3%

+7.3%

SLV total return, 1 year

−6.3%

SLVI total return, since launch, Oct 7, 2026

0.50%

SLV expense ratio

0.78%

SLVI expense ratio

No client brief for this pair: ETFIQ prints no one-year total return for SLVI.

On the same fields

SLV

iShares Silver Trust

SLVI

NEOS Silver High Income ETF

Where it sits Commodity ETF Income ETF

Issuer iShares NEOS

What it is Holds silver option income, vs SLV

Total return, 1 year +7.3% −6.3% (since launch, Oct 7, 2026)

Its benchmark over the same days +7.6% (SIVR) −6.7% (SLV) (since launch, Oct 7, 2026)

Gap to its benchmark −0.3 pts vs SIVR +0.4 pts vs SLV (since launch, Oct 7, 2026)

Expense ratio 0.50% 0.78%

Net assets, SLV as of Oct 14, 2026 and SLVI as of Oct 13, 2026 $28.9bn $2m

SLV and SLVI on the fields both publish, as of Oct 14, 2026. Source: ETFIQ.

About SLV

SLV holds silver. Over the year to Oct 14, 2026 it returned +7.3% with distributions reinvested, against +7.6% for its benchmark, the price of silver. It sat 52.4% below its high of Jan 28, 2026 on Oct 14, 2026.

Its expense ratio is 0.50% a year, for the three months to Jun 30, 2026, as its 10-Q states.

About SLVI

Over the period from its first trade on Oct 7, 2026 to Oct 14, 2026, SLVI paid 0.0% of its starting value in cash distributions while its price fell 6.3%. With every distribution reinvested, the fund returned −6.3%. Silver (SLV) returned −6.7% over the same days, so a holder was about even.

Questions people ask

Are SLV and SLVI in the same category?: SLV is a commodity ETF and SLVI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which is cheaper, SLV or SLVI?: SLV is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

SLV vs SLVY AGQ vs SLV SIL vs SLV SLV vs SLVR SLV vs SLVP BITO vs SLV IBB vs SLV LYTE vs SLV

SLV on its own →SLVI on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

iShares page for SLV ↗SLVI filings on SEC EDGAR ↗SLVI prospectus with the expense ratio (SEC) ↗NEOS page for SLVI ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, SLV against SLVI, data as of Oct 14, 2026. https://etfiq.com/compare/any/slv-vs-slvi

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.