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

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VEU +14.4%.

Which is cheaper, SLV or VEU?

VEU 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.

Data as of Oct 28, 2026.

Across categories

SLV vs VEU: Differences, Returns & Fees

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SLV is a commodity fund and VEU an equity index fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +14.4%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $68.1bn on Sep 30, 2026 for Vanguard FTSE All World Ex US ETF.

SLV on its own →VEU on its own →

At a glance

+14.9%

SLV total return, 1 year

+14.4%

VEU total return, 1 year

0.50%

SLV expense ratio

0.04%

VEU expense ratio

Pair scorecard

VEU costs 0.46 points a year less; their one-year returns differ by 0.5 points; VEU is 2.3 times larger.

SLV vs VEU: Differences, Returns & Fees
Measure	SLV	VEU
Return
Measure	SLV	VEU
Total return, 1 year	+14.9%	+14.4%
Drawdown
Measure	SLV	VEU
Below its high	53.5%, high on Jan 28, 2026	5.0%, high on Sep 4, 2026
Benchmark
Measure	SLV	VEU
What it tracks	Silver	FTSE All-World ex US Index
Cost and size
Measure	SLV	VEU
Expense ratio	0.50%	0.04%
Net assets, as of Sep 30, 2026	$30.0bn	$68.1bn
Holdings
Measure	SLV	VEU
Holdings in common	not published
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		15.2%

Method

Side by side

SLV iShares Silver Trust VEU Vanguard FTSE All World Ex US ETF

Where it sits Commodity ETF Stock ETF

Issuer iShares Vanguard

What it is Holds silver Tracks the FTSE All-World ex-US

Total return, 1 year +14.9% +14.4%

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% 0.04%

Holdings not counted 3816

Net assets, SLV as of Oct 28, 2026 and VEU as of Sep 30, 2026 $26.9bn $68.1bn

SLV and VEU 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.

VEU

VEU tracks the FTSE All-World ex-US. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,816 positions, with the top ten at 15.2%. It sat 5.0% below its high of Sep 4, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SLV or VEU?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VEU +14.4%.
Which is cheaper, SLV or VEU?: VEU 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.

Other comparisons

EFA vs SLV IDEV vs SLV SLV vs VEA ACWX vs SLV BWET vs VEU GLDM vs VEU IAU vs VEU GLD vs VEU

Where to next

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

Sources and dates

iShares page for SLV ↗

VEU filings on SEC EDGAR ↗

VEU prospectus with the expense ratio (SEC) ↗

Vanguard page for VEU ↗

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

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

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