Data as of Oct 28, 2026.

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SLV vs VDE: Differences, Returns & Fees

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SLV is a commodity fund and VDE an equity index fund, and over the year to Oct 28, 2026, VDE returned +58.8% against +14.9%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $10.4bn on Sep 30, 2026 for Vanguard Energy ETF.

At a glance
+14.9%
SLV total return, 1 year
+58.8%
VDE total return, 1 year
0.50%
SLV expense ratio
0.09%
VDE expense ratio

Pair scorecard

VDE costs 0.41 points a year less; their one-year returns differ by 43.9 points; SLV is 2.9 times larger.

SLV vs VDE: Differences, Returns & Fees
MeasureSLVVDE
Return
Total return, 1 year+14.9%+58.8%
Drawdown
Below its high53.5%, high on Jan 28, 2026
Benchmark
What it tracksSilverMSCI US Investable Market Index (IMI)/Energy 25/50
Cost and size
Expense ratio0.50%0.09%
Net assets, as of Sep 30, 2026$30.0bn$10.4bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight81%
Top ten holdings, share of the fund67.1%

Method

Side by side

SLV iShares Silver Trust VDE Vanguard Energy ETF
Where it sits Commodity ETF Stock ETF
What it is Holds silver Tracks an index of Energy
Total return, 1 year +14.9% +58.8%
Its benchmark over the same days +15.0% (SIVR) +59.0% (FENY)
Gap to its benchmark −0.1 pts vs SIVR −0.2 pts vs FENY
Expense ratio 0.50% 0.09%
Holdings not counted 113
Net assets, SLV as of Oct 28, 2026 and VDE as of Sep 30, 2026 $26.9bn $10.4bn

SLV and VDE 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.

VDE

VDE tracks an index of Energy. Over the year to Oct 28, 2026 it returned +58.8% with distributions reinvested, against +59.0% for its benchmark, the MSCI US Investable Market Index (IMI)/Energy 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 81% of the fund by weight is stocks the S&P 500 also holds, across 113 positions, with the top ten at 67.1%.

Questions people ask

Which returned more over the last year, SLV or VDE?
In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VDE +58.8%.
Which is cheaper, SLV or VDE?
VDE is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, SLV against VDE, data as of Oct 28, 2026. https://etfiq.com/compare/any/slv-vs-vde

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