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

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VO +12.8%.

Which is cheaper, SLV or VO?

VO 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.

Data as of Oct 28, 2026.

Across categories

SLV vs VO: Differences, Returns & Fees

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SLV is a commodity fund and VO an equity index fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +12.8%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.

SLV on its own →VO on its own →

At a glance

+14.9%

SLV total return, 1 year

+12.8%

VO total return, 1 year

0.50%

SLV expense ratio

0.03%

VO expense ratio

Pair scorecard

VO costs 0.47 points a year less; their one-year returns differ by 2.1 points; VO is 3.4 times larger.

SLV vs VO: Differences, Returns & Fees
Measure	SLV	VO
Return
Measure	SLV	VO
Total return, 1 year	+14.9%	+12.8%
Drawdown
Measure	SLV	VO
Below its high	53.5%, high on Jan 28, 2026	3.1%, high on Aug 14, 2026
Benchmark
Measure	SLV	VO
What it tracks	Silver	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)
Cost and size
Measure	SLV	VO
Expense ratio	0.50%	0.03%
Net assets, as of Sep 30, 2026	$30.0bn	$103.4bn
Holdings
Measure	SLV	VO
Holdings in common	not published
In the S&P 500, by weight		91%
Top ten holdings, share of the fund		9.7%

Method

Side by side

SLV iShares Silver Trust VO Vanguard Morningstar Mid-Cap ETF

Where it sits Commodity ETF Stock ETF

Issuer iShares Vanguard

What it is Holds silver Tracks an index of Mid-Cap

Total return, 1 year +14.9% +12.8%

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% 0.03%

Holdings not counted 273

Net assets, SLV as of Oct 28, 2026 and VO as of Sep 30, 2026 $26.9bn $103.4bn

SLV and VO 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.

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SLV or VO?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and VO +12.8%.
Which is cheaper, SLV or VO?: VO 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.

Other comparisons

IJH vs SLV SLV vs VXF MDY vs SLV MOAT vs SLV BWET vs VO GLDM vs VO IAU vs VO GLD vs VO

Where to next

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

Sources and dates

iShares page for SLV ↗

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

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

Cite this pageCitation, APA and Markdown

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

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