Data as of Oct 28, 2026.

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SLV vs VGLT: Differences, Returns & Fees

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SLV is a commodity fund and VGLT a bond index fund, and over the year to Oct 28, 2026, SLV returned +14.9% against −6.7%.

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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 Long-Term Treasury ETF.

At a glance
+14.9%
SLV total return, 1 year
−6.7%
VGLT total return, 1 year
0.50%
SLV expense ratio
0.03%
VGLT expense ratio

Pair scorecard

VGLT costs 0.47 points a year less; their one-year returns differ by 21.6 points; SLV is 2.9 times larger.

SLV vs VGLT: Differences, Returns & Fees
MeasureSLVVGLT
Return
Total return, 1 year+14.9%−6.7%
Drawdown
Below its high53.5%, high on Jan 28, 202638.8%, high on Aug 4, 2020
Benchmark
What it tracksSilverBloomberg U.S. Long Treasury Index
Cost and size
Expense ratio0.50%0.03%
Net assets, as of Sep 30, 2026$30.0bn$10.4bn
Holdings
Holdings in commonnot published

Method

Side by side

SLV iShares Silver Trust VGLT Vanguard Long-Term Treasury ETF
Where it sits Commodity ETF Bond ETF
What it is Holds silver Tracks an index of Long-term Treasury
Total return, 1 year +14.9% −6.7%
Its benchmark over the same days +15.0% (SIVR) −6.7% (SCHQ)
Gap to its benchmark −0.1 pts vs SIVR 0.0 pts vs SCHQ
Expense ratio 0.50% 0.03%
Holdings not counted 102
Net assets, SLV as of Oct 28, 2026 and VGLT as of Sep 30, 2026 $26.9bn $10.4bn

SLV and VGLT 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.

VGLT

VGLT tracks an index of Long-term Treasury. Over the year to Oct 28, 2026 it returned −6.7% with distributions reinvested, against −6.7% for its benchmark, the Bloomberg U.S. Long Treasury Index. The prospectus expense ratio is 0.03% a year. It sat 38.8% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SLV or VGLT?
In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VGLT −6.7%.
Which is cheaper, SLV or VGLT?
VGLT is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, SLV against VGLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/slv-vs-vglt

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