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

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and XLI +10.2%.

Which is cheaper, SLV or XLI?

XLI is cheaper, by 0.42 percentage points a year. That is about $42 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 XLI: Differences, Returns & Fees

Share on X Download as PDF

SLV is a commodity fund and XLI an equity index fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +10.2%.

askIQ about this page

askIQ about SLV and XLI

Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $30.8bn on Oct 27, 2026 for State Street Industrial Select Sector SPDR ETF.

SLV on its own →XLI on its own →

At a glance

+14.9%

SLV total return, 1 year

+10.2%

XLI total return, 1 year

0.50%

SLV expense ratio

0.08%

XLI expense ratio

Pair scorecard

XLI costs 0.42 points a year less; their one-year returns differ by 4.7 points; XLI is 1.2 times larger.

SLV vs XLI: Differences, Returns & Fees
Measure	SLV	XLI
Return
Measure	SLV	XLI
Total return, 1 year	+14.9%	+10.2%
Drawdown
Measure	SLV	XLI
Below its high	53.5%, high on Jan 28, 2026	9.4%, high on Aug 14, 2026
Benchmark
Measure	SLV	XLI
What it tracks	Silver	Industrial Select Sector Index
Cost and size
Measure	SLV	XLI
Expense ratio	0.50%	0.08%
Net assets, as of Oct 27, 2026	$26.5bn	$30.8bn
Holdings
Measure	SLV	XLI
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		37.8%

Method

Side by side

SLV iShares Silver Trust XLI State Street Industrial Select Sector SPDR ETF

Where it sits Commodity ETF Stock ETF

Issuer iShares State Street

What it is Holds silver Tracks an index of Industrials

Total return, 1 year +14.9% +10.2%

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

Gap to its benchmark −0.1 pts vs SIVR −3.4 pts vs SPY

Expense ratio 0.50% 0.08%

Holdings not counted 84

Net assets, SLV as of Oct 28, 2026 and XLI as of Oct 27, 2026 $26.9bn $30.8bn

SLV and XLI 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.

XLI

XLI tracks an index of Industrials. Over the year to Oct 28, 2026 it returned +10.2% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 84 positions, with the top ten at 37.8%. It sat 9.4% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SLV or XLI?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and XLI +10.2%.
Which is cheaper, SLV or XLI?: XLI is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

SLV vs XLF SLV vs XLB SLV vs VDC SLV vs XHB GLDM vs XLI GLD vs XLI USO vs XLI BWET vs XLI

Where to next

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

Sources and dates

iShares page for SLV ↗

XLI filings on SEC EDGAR ↗

XLI prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

Cite this pageCitation, APA and Markdown

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

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.