Which returned more over the last year, SLV or SPHD?

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and SPHD +11.0%.

Which is cheaper, SLV or SPHD?

SPHD is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

SLV vs SPHD: Differences, Returns & Fees

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SLV is a commodity fund and SPHD an equity index fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +11.0%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $3.3bn on Oct 27, 2026 for Invesco S&P 500 High Dividend Low Volatility ETF.

SLV on its own →SPHD on its own →

At a glance

+14.9%

SLV total return, 1 year

+11.0%

SPHD total return, 1 year

0.50%

SLV expense ratio

0.30%

SPHD expense ratio

Pair scorecard

SPHD costs 0.20 points a year less; their one-year returns differ by 3.9 points; SLV is 8.0 times larger.

SLV vs SPHD: Differences, Returns & Fees
Measure	SLV	SPHD
Return
Measure	SLV	SPHD
Total return, 1 year	+14.9%	+11.0%
Drawdown
Measure	SLV	SPHD
Below its high	53.5%, high on Jan 28, 2026	4.2%, high on Aug 24, 2026
Benchmark
Measure	SLV	SPHD
What it tracks	Silver	S&P 500 Low Volatility High Dividend Index
Cost and size
Measure	SLV	SPHD
Expense ratio	0.50%	0.30%
Net assets, as of Oct 27, 2026	$26.5bn	$3.3bn
Holdings
Measure	SLV	SPHD
Holdings in common	not published
In the S&P 500, by weight		95%
Top ten holdings, share of the fund		28.2%

Method

Side by side

SLV iShares Silver Trust SPHD Invesco S&P 500 High Dividend Low Volatility ETF

Where it sits Commodity ETF Stock ETF

Issuer iShares Invesco

What it is Holds silver Tracks the S&P 500 High Dividend Low Volatility

Total return, 1 year +14.9% +11.0%

Its benchmark over the same days +15.0% (SIVR) not measured

Gap to its benchmark −0.1 pts vs SIVR not measured

Expense ratio 0.50% 0.30%

Holdings not counted 59

Net assets, SLV as of Oct 28, 2026 and SPHD as of Oct 27, 2026 $26.9bn $3.3bn

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

Alert

About each fund

SLV

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

SLV holds silver. Over the year to Oct 28, 2026 it returned +14.9% with distributions reinvested, against +15.0% for its benchmark, the price of silver. It sat 53.5% below its high of Jan 28, 2026 on Oct 28, 2026.

SPHD

SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SLV or SPHD?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and SPHD +11.0%.
Which is cheaper, SLV or SPHD?: SPHD is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

FDVV vs SLV AVLV vs SLV FNDX vs SLV SLV vs SPYD GLDM vs SPHD IAU vs SPHD GLD vs SPHD BWET vs SPHD

Where to next

SLV on its own →SPHD on its own →Hold both: look the portfolio through →Rankings →SPHD dividend history →SPHD holdings →Standards and sources →

Sources and dates

iShares page for SLV ↗

SPHD filings on SEC EDGAR ↗

SPHD prospectus with the expense ratio (SEC) ↗

Invesco page for SPHD ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, SLV against SPHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/slv-vs-sphd

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