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

In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and XLV +25.6%.

Which is cheaper, SLV or XLV?

XLV 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 XLV: Differences, Returns & Fees

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SLV is a commodity fund and XLV an equity index fund, and over the year to Oct 28, 2026, XLV returned +25.6% against +14.9%.

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Net assets: $26.9bn on Oct 28, 2026 for iShares Silver Trust, and $47.0bn on Oct 27, 2026 for State Street Health Care Select Sector SPDR ETF.

SLV on its own →XLV on its own →

At a glance

+14.9%

SLV total return, 1 year

+25.6%

XLV total return, 1 year

0.50%

SLV expense ratio

0.08%

XLV expense ratio

Pair scorecard

XLV costs 0.42 points a year less; their one-year returns differ by 10.7 points; XLV is 1.8 times larger.

SLV vs XLV: Differences, Returns & Fees
Measure	SLV	XLV
Return
Measure	SLV	XLV
Total return, 1 year	+14.9%	+25.6%
Drawdown
Measure	SLV	XLV
Below its high	53.5%, high on Jan 28, 2026
Benchmark
Measure	SLV	XLV
What it tracks	Silver	Health Care Select Sector Index
Cost and size
Measure	SLV	XLV
Expense ratio	0.50%	0.08%
Net assets, as of Oct 27, 2026	$26.5bn	$47.0bn
Holdings
Measure	SLV	XLV
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		60.6%

Method

Side by side

SLV iShares Silver Trust XLV State Street Health Care Select Sector SPDR ETF

Where it sits Commodity ETF Stock ETF

Issuer iShares State Street

What it is Holds silver Tracks an index of Health care

Total return, 1 year +14.9% +25.6%

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% 0.08%

Holdings not counted 62

Net assets, SLV as of Oct 28, 2026 and XLV as of Oct 27, 2026 $26.9bn $47.0bn

SLV and XLV 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.

XLV

XLV tracks an index of Health care. Over the year to Oct 28, 2026 it returned +25.6% with distributions reinvested. 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 62 positions, with the top ten at 60.6%.

Questions people ask

Which returned more over the last year, SLV or XLV?: In the year to Oct 28, 2026, with distributions reinvested, SLV returned +14.9% and XLV +25.6%.
Which is cheaper, SLV or XLV?: XLV 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 VHT SLV vs XLE SLV vs XLF SLV vs XLU GLD vs XLV GLDM vs XLV USO vs XLV BWET vs XLV

Where to next

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

Sources and dates

iShares page for SLV ↗

XLV filings on SEC EDGAR ↗

XLV 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 XLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/slv-vs-xlv

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