Data as of Oct 28, 2026.

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SLV vs XLK: Differences, Returns & Fees

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SLV is a commodity fund and XLK an equity index fund, and over the year to Oct 28, 2026, XLK returned +27.1% against +14.9%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $125.0bn on Oct 27, 2026 for State Street Technology Select Sector SPDR ETF.

At a glance
+14.9%
SLV total return, 1 year
+27.1%
XLK total return, 1 year
0.50%
SLV expense ratio
0.08%
XLK expense ratio

Pair scorecard

XLK costs 0.42 points a year less; their one-year returns differ by 12.2 points; XLK is 4.7 times larger.

SLV vs XLK: Differences, Returns & Fees
MeasureSLVXLK
Return
Total return, 1 year+14.9%+27.1%
Drawdown
Below its high53.5%, high on Jan 28, 20265.4%, high on Oct 6, 2026
Benchmark
What it tracksSilverTechnology Select Sector Index
Cost and size
Expense ratio0.50%0.08%
Net assets, as of Oct 27, 2026$26.5bn$125.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund64.6%

Method

Side by side

SLV iShares Silver Trust XLK State Street Technology Select Sector SPDR ETF
Where it sits Commodity ETF Stock ETF
What it is Holds silver Tracks an index of Technology
Total return, 1 year +14.9% +27.1%
Its benchmark over the same days +15.0% (SIVR) +13.6% (SPY)
Gap to its benchmark −0.1 pts vs SIVR +13.5 pts vs SPY
Expense ratio 0.50% 0.08%
Holdings not counted 76
Net assets, SLV as of Oct 28, 2026 and XLK as of Oct 27, 2026 $26.9bn $125.0bn

SLV and XLK 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.

XLK

XLK tracks an index of Technology. Over the year to Oct 28, 2026 it returned +27.1% 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 76 positions, with the top ten at 64.6%. It sat 5.4% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SLV or XLK?
In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and XLK +27.1%.
Which is cheaper, SLV or XLK?
XLK 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.
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ETFIQ, SLV against XLK, data as of Oct 28, 2026. https://etfiq.com/compare/any/slv-vs-xlk

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