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

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VBR +17.6%.

Which is cheaper, SLV or VBR?

VBR is cheaper, by 0.45 percentage points a year. That is about $45 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 VBR: Differences, Returns & Fees

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SLV is a commodity fund and VBR an equity index fund, and over the year to Oct 28, 2026, VBR returned +17.6% against +14.9%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $35.1bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Value ETF.

SLV on its own →VBR on its own →

At a glance

+14.9%

SLV total return, 1 year

+17.6%

VBR total return, 1 year

0.50%

SLV expense ratio

0.05%

VBR expense ratio

Pair scorecard

VBR costs 0.45 points a year less; their one-year returns differ by 2.7 points; VBR is 1.2 times larger.

SLV vs VBR: Differences, Returns & Fees
Measure	SLV	VBR
Return
Measure	SLV	VBR
Total return, 1 year	+14.9%	+17.6%
Drawdown
Measure	SLV	VBR
Below its high	53.5%, high on Jan 28, 2026	3.9%, high on Aug 14, 2026
Benchmark
Measure	SLV	VBR
What it tracks	Silver	Morningstar US Small Cap Value Index
Cost and size
Measure	SLV	VBR
Expense ratio	0.50%	0.05%
Net assets, as of Sep 30, 2026	$30.0bn	$35.1bn
Holdings
Measure	SLV	VBR
Holdings in common	not published
In the S&P 500, by weight		30%
Top ten holdings, share of the fund		5.9%

Method

Side by side

SLV iShares Silver Trust VBR Vanguard Morningstar Small-Cap Value ETF

Where it sits Commodity ETF Stock ETF

Issuer iShares Vanguard

What it is Holds silver Tracks an index of Small-Cap Value

Total return, 1 year +14.9% +17.6%

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% 0.05%

Holdings not counted 822

Net assets, SLV as of Oct 28, 2026 and VBR as of Sep 30, 2026 $26.9bn $35.1bn

SLV and VBR 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.

VBR

VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SLV or VBR?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VBR +17.6%.
Which is cheaper, SLV or VBR?: VBR is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

AVUV vs SLV IJS vs SLV SLV vs VBK CGDV vs SLV GLDM vs VBR IAU vs VBR GLD vs VBR BWET vs VBR

Where to next

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

Sources and dates

iShares page for SLV ↗

VBR filings on SEC EDGAR ↗

VBR prospectus with the expense ratio (SEC) ↗

Vanguard page for VBR ↗

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

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

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