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

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and TIP −1.0%.

Which is cheaper, SLV or TIP?

TIP is cheaper, by 0.32 percentage points a year. That is about $32 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 TIP: Differences, Returns & Fees

Share on X Download as PDF

SLV is a commodity fund and TIP a bond index fund, and over the year to Oct 28, 2026, SLV returned +14.9% against −1.0%.

askIQ about this page

askIQ about SLV and TIP

Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $14.6bn on Oct 27, 2026 for iShares TIPS Bond ETF.

SLV on its own →TIP on its own →

At a glance

+14.9%

SLV total return, 1 year

−1.0%

TIP total return, 1 year

0.50%

SLV expense ratio

0.18%

TIP expense ratio

Pair scorecard

TIP costs 0.32 points a year less; their one-year returns differ by 15.9 points; SLV is 1.8 times larger.

SLV vs TIP: Differences, Returns & Fees
Measure	SLV	TIP
Return
Measure	SLV	TIP
Total return, 1 year	+14.9%	−1.0%
Drawdown
Measure	SLV	TIP
Below its high	53.5%, high on Jan 28, 2026
Benchmark
Measure	SLV	TIP
What it tracks	Silver	ICE U.S. Treasury Inflation Linked Bond Index
Cost and size
Measure	SLV	TIP
Expense ratio	0.50%	0.18%
Net assets, as of Oct 27, 2026	$26.5bn	$14.6bn
Holdings
Measure	SLV	TIP
Holdings in common	not published

Method

Side by side

SLV iShares Silver Trust TIP iShares TIPS Bond ETF

Where it sits Commodity ETF Bond ETF

Issuer iShares iShares

What it is Holds silver Tracks an index of TIPS Bond

Total return, 1 year +14.9% −1.0%

Its benchmark over the same days +15.0% (SIVR) −0.8% (VTP)

Gap to its benchmark −0.1 pts vs SIVR −0.2 pts vs VTP

Expense ratio 0.50% 0.18%

Holdings not counted 48

Net assets, SLV as of Oct 28, 2026 and TIP as of Oct 27, 2026 $26.9bn $14.6bn

SLV and TIP 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.

TIP

TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, SLV or TIP?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and TIP −1.0%.
Which is cheaper, SLV or TIP?: TIP is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

SCHP vs SLV BOND vs SLV EDV vs SLV BNDX vs SLV GLD vs TIP BWET vs TIP GLDM vs TIP IAU vs TIP

Where to next

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

Sources and dates

iShares page for SLV ↗

TIP filings on SEC EDGAR ↗

TIP prospectus with the expense ratio (SEC) ↗

iShares page for TIP ↗

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

Cite this pageCitation, APA and Markdown

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

Open data →

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