Are SLV and SLVY in the same category?

SLV is a commodity ETF and SLVY 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 SLVY?

SLV is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.

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SLV vs SLVY: Differences, Returns & Fees

SLV and SLVY are measured over different days, and SLV charges 0.50% to SLVY's 0.85%. Net assets on Oct 14, 2026: $28.9bn for iShares Silver Trust and $942,945 for FT Vest Silver Strategy & Target Income ETF.

SLV costs 0.35 points a year less; SLV is far larger, $28.9bn against $942,945.

SLV vs SLVY: Differences, Returns & Fees
	SLV	SLVY
Expense ratio	0.50%	0.85%
Net assets	$28.9bn	$942,945
Total return, 1 year	+7.3%	not published
What it tracks	Silver	SLV
Holdings in common	not published
Against its benchmark, same days		ahead by 0.7 pts
Below its high	52.4%, high on Jan 28, 2026
Cash paid, share of starting value, since Jul 9, 2026		1.8%
Price change, since Jul 9, 2026		fell 8.2%
Latest payout, annualized		7.8%

+7.3%

SLV total return, 1 year

−6.6%

SLVY total return, since launch, Jul 9, 2026

0.50%

SLV expense ratio

0.85%

SLVY expense ratio

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

On the same fields

SLV

iShares Silver Trust

SLVY

FT Vest Silver Strategy & Target Income ETF

Where it sits Commodity ETF Income ETF

Issuer iShares First Trust

What it is Holds silver option income, vs SLV

Total return, 1 year +7.3% −6.6% (since launch, Jul 9, 2026)

Its benchmark over the same days +7.6% (SIVR) −7.2% (SLV) (since launch, Jul 9, 2026)

Gap to its benchmark −0.3 pts vs SIVR +0.7 pts vs SLV (since launch, Jul 9, 2026)

Expense ratio 0.50% 0.85%

Net assets $28.9bn $942,945

SLV and SLVY 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 SLVY

Over the period from its first trade on Jul 9, 2026 to Oct 14, 2026, SLVY paid 1.8% of its starting value in cash distributions while its price fell 8.2%. With every distribution reinvested, the fund returned −6.6%. Silver (SLV) returned −7.2% over the same days, so a holder was ahead by 0.7 pts. At its price on Oct 14, 2026 the latest distribution annualizes to 7.8%, paid monthly.

Questions people ask

Are SLV and SLVY in the same category?: SLV is a commodity ETF and SLVY 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 SLVY?: SLV is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

SLV vs SLVI AGQ vs SLV SLV vs SLVR SLV vs SLVP BITO vs SLV SLV vs XOVR AOR vs SLV SIL vs SLV

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

Where these figures came from

iShares page for SLV ↗SLVY filings on SEC EDGAR ↗SLVY prospectus with the expense ratio (SEC) ↗First Trust page for SLVY ↗

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 SLVY, data as of Oct 14, 2026. https://etfiq.com/compare/any/slv-vs-slvy

Open data

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