Data as of Oct 28, 2026.

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SLV vs SPYG: Differences, Returns & Fees

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SLV is a commodity fund and SPYG an equity index fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +12.2%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $55.9bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 Growth ETF.

At a glance
+14.9%
SLV total return, 1 year
+12.2%
SPYG total return, 1 year
0.50%
SLV expense ratio
0.04%
SPYG expense ratio

Pair scorecard

SPYG costs 0.46 points a year less; their one-year returns differ by 2.7 points; SPYG is 2.1 times larger.

SLV vs SPYG: Differences, Returns & Fees
MeasureSLVSPYG
Return
Total return, 1 year+14.9%+12.2%
Drawdown
Below its high53.5%, high on Jan 28, 20264.1%, high on Oct 6, 2026
Benchmark
What it tracksSilverS&P 500 Growth Index
Cost and size
Expense ratio0.50%0.04%
Net assets, as of Oct 27, 2026$26.5bn$55.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund59.6%

Method

Side by side

SLV iShares Silver Trust SPYG State Street SPDR Portfolio S&P 500 Growth ETF
Where it sits Commodity ETF Stock ETF
What it is Holds silver Tracks the S&P 500 Growth
Total return, 1 year +14.9% +12.2%
Its benchmark over the same days +15.0% (SIVR) +12.1% (IVW)
Gap to its benchmark −0.1 pts vs SIVR +0.1 pts vs IVW
Expense ratio 0.50% 0.04%
Holdings not counted 152
Net assets, SLV as of Oct 28, 2026 and SPYG as of Oct 27, 2026 $26.9bn $55.9bn

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

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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.

SPYG

SPYG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% 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 152 positions, with the top ten at 59.6%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SLV or SPYG?
In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and SPYG +12.2%.
Which is cheaper, SLV or SPYG?
SPYG is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, SLV against SPYG, data as of Oct 28, 2026. https://etfiq.com/compare/any/slv-vs-spyg

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