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

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and USFR +4.1%.

Which is cheaper, SLV or USFR?

USFR 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.

Data as of Oct 28, 2026.

Across categories

SLV vs USFR: Differences, Returns & Fees

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SLV is a commodity fund and USFR a bond index fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +4.1%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

SLV on its own →USFR on its own →

At a glance

+14.9%

SLV total return, 1 year

+4.1%

USFR total return, 1 year

0.50%

SLV expense ratio

0.15%

USFR expense ratio

Pair scorecard

USFR costs 0.35 points a year less; their one-year returns differ by 10.8 points.

SLV vs USFR: Differences, Returns & Fees
Measure	SLV	USFR
Return
Measure	SLV	USFR
Total return, 1 year	+14.9%	+4.1%
Drawdown
Measure	SLV	USFR
Below its high	53.5%, high on Jan 28, 2026
Benchmark
Measure	SLV	USFR
What it tracks	Silver	Bloomberg U.S. Treasury Floating Rate Bond Index
Cost and size
Measure	SLV	USFR
Expense ratio	0.50%	0.15%
Net assets, SLV as of Oct 28, 2026 and USFR as of May 31, 2026	$26.9bn	$17.0bn
Holdings
Measure	SLV	USFR
Holdings in common	not published

Method

Side by side

SLV iShares Silver Trust USFR WisdomTree Floating Rate Treasury Fund

Where it sits Commodity ETF Bond ETF

Issuer iShares WisdomTree

What it is Holds silver Tracks an index of Floating Rate Treasury

Total return, 1 year +14.9% +4.1%

Its benchmark over the same days +15.0% (SIVR) +4.0% (TFLO)

Gap to its benchmark −0.1 pts vs SIVR +0.1 pts vs TFLO

Expense ratio 0.50% 0.15%

Holdings not counted 4

Net assets, SLV as of Oct 28, 2026 and USFR as of May 31, 2026 $26.9bn $17.0bn

SLV and USFR 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.

USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, SLV or USFR?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and USFR +4.1%.
Which is cheaper, SLV or USFR?: USFR 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

BOXX vs SLV SLV vs VBIL SLV vs VUSB BIL vs SLV GLD vs USFR BWET vs USFR GLDM vs USFR IAU vs USFR

Where to next

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

Sources and dates

iShares page for SLV ↗

USFR filings on SEC EDGAR ↗

USFR prospectus with the expense ratio (SEC) ↗

WisdomTree page for USFR ↗

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

Cite this pageCitation, APA and Markdown

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

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