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

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VLUE +54.7%.

Which is cheaper, SLV or VLUE?

VLUE 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 VLUE: Differences, Returns & Fees

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SLV is a commodity fund and VLUE an equity index fund, and over the year to Oct 28, 2026, VLUE returned +54.7% against +14.9%.

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Net assets on Oct 28, 2026: $26.9bn for iShares Silver Trust and $9.4bn for iShares MSCI USA Value Factor ETF.

SLV on its own →VLUE on its own →

At a glance

+14.9%

SLV total return, 1 year

+54.7%

VLUE total return, 1 year

0.50%

SLV expense ratio

0.15%

VLUE expense ratio

Pair scorecard

VLUE costs 0.35 points a year less; their one-year returns differ by 39.8 points; SLV is 2.9 times larger.

SLV vs VLUE: Differences, Returns & Fees
Measure	SLV	VLUE
Return
Measure	SLV	VLUE
Total return, 1 year	+14.9%	+54.7%
Drawdown
Measure	SLV	VLUE
Below its high	53.5%, high on Jan 28, 2026
Benchmark
Measure	SLV	VLUE
What it tracks	Silver	MSCI USA Enhanced Value Index
Cost and size
Measure	SLV	VLUE
Expense ratio	0.50%	0.15%
Net assets	$26.9bn	$9.4bn
Holdings
Measure	SLV	VLUE
Holdings in common	not published
In the S&P 500, by weight		97%
Holdings dated		Oct 27, 2026
Top ten holdings, share of the fund		42.8%

Method

Side by side

SLV iShares Silver Trust VLUE iShares MSCI USA Value Factor ETF

Where it sits Commodity ETF Stock ETF

Issuer iShares iShares

What it is Holds silver Tracks the MSCI USA Value Factor

Total return, 1 year +14.9% +54.7%

Its benchmark over the same days +15.0% (SIVR) +13.6% (MLRG)

Gap to its benchmark −0.1 pts vs SIVR +41.1 pts vs MLRG

Expense ratio 0.50% 0.15%

Holdings not counted 148

Net assets $26.9bn $9.4bn

SLV and VLUE 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.

VLUE

VLUE tracks the MSCI USA Value Factor. Over the year to Oct 28, 2026 it returned +54.7% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 42.8%.

Questions people ask

Which returned more over the last year, SLV or VLUE?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VLUE +54.7%.
Which is cheaper, SLV or VLUE?: VLUE 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

AVLV vs SLV FNDX vs SLV DGRO vs SLV SLV vs VTV GLD vs VLUE BWET vs VLUE GLDM vs VLUE IAU vs VLUE

Where to next

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

Sources and dates

iShares page for SLV ↗

VLUE filings on SEC EDGAR ↗

VLUE prospectus with the expense ratio (SEC) ↗

iShares page for VLUE ↗

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

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

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