Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

SIL vs SLVP: which is really different?

SIL and SLVP hold 36% of their weight in the same names, and SLVP returned more over the year.

Global X Silver Miners ETF and iShares MSCI Global Silver and Metals Miners ETF.

0.0%SIL in the S&P 500
4.6%SLVP in the S&P 500
+50.3%SIL total return, 1 year
+62.7%SLVP total return, 1 year

ETFIQ Off-Index Score: SIL scores higher

How much of it is not the index it is sold as an alternative to?

SIL 91.8SLVP 77.70.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

SIL100% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 76% of the fund · 43 holdings filed Sep 18, 2026 · Nasdaq-100: 0% in0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 76% of the fund
SLVP95% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
5%95%inof its weight outside the S&P 500active share 100% · top ten 72% of the fund · 50 holdings filed Sep 17, 2026 · Nasdaq-100: 0% in5%95%5% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 72% of the fund

36% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, SIL and SLVP hold 36% of their money in the same securities at the same weight.

Positions SIL and SLVP both hold, largest shared weight first
HoldingSILSLVP
HECLA MINING CO4.81%14.50%
WHEATON PRECIOUS METALS CORP24.02%4.57%
FRESNILLO PLC4.06%8.20%
DISCOVERY MINING LTD3.26%4.59%
AYA GOLD & SILVER INC2.28%4.88%
COEUR MINING INC10.87%1.80%
ENDEAVOUR SILVER CORP1.75%4.09%
PAN AMERICAN SILVER CORP11.27%1.59%
SILVERCORP METALS INC1.46%3.59%
SSR MINING INC4.23%1.08%
FORTUNA MINING CORP2.10%0.84%
HOCHSCHILD MINING PLC1.42%0.61%
Only in each
Only in SILOnly in SLVP
FIRST MAJESTIC SILVER CORP 4.65%INDUST PENOLES 11.00%
INDUSTRIAS PENOLES SAB DE CV 4.58%FIRST MAJESTIC SILVER 10.86%
OR ROYALTIES INC 3.98%NEWMONT 4.56%
CIA DE MINAS BUENAVENTUR-ADR 3.67%AGNICO EAGLE MINES 4.43%
KOREA ZINC CO LTD 2.18%KINROSS GOLD 2.57%
TRIPLE FLAG PRECIOUS MET 1.33%GOGOLD RESOURCES 1.88%
ABRASILVER RESOURCE CORP 0.78%VIZSLA SILVER 1.55%
VIZSLA SILVER CORP 0.78%AVINO SILVER AND GOLD MINES LTD 1.40%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.

Performance, window by window

SIL and SLVP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
SILSLVPSILSLVPSILSLVP
3 months+13.9%+16.9%+11.6 pts+14.6 pts+16.3 pts+19.4 pts
6 months+20.4%+22.9%+2.4 pts+4.9 pts−3.9 pts−1.4 pts
1 year+50.3%+62.7%+33.7 pts+46.1 pts+28.5 pts+40.9 pts
3 years+286.4%+329.2%+208.0 pts+250.8 pts+188.3 pts+231.1 pts
Since launch+156.7%+86.9%−586.9 pts−554.5 pts−1411.9 pts−1149.6 pts
Open the live comparison on ETFIQ
SIL and SLVP on the same fields, as of Sep 18, 2026. Source: ETFIQ.
SIL
Global X Silver Miners ETF
Holds 43 stocks in silver miners, 0% of its weight in S&P 500 companies
SLVP
iShares MSCI Global Silver and Metals Miners ETF
Holds 50 stocks in silver miners, 5% of its weight in S&P 500 companies
IssuerGlobal XiShares
ThemeSilver minersSilver miners
In the S&P 5000.0%4.6%
Active share vs the S&P 500100.0%99.8%
In the Nasdaq-1000.0%0.0%
Holdings4350
Top ten, share of the fund76.1%71.6%
Expense ratio0.65%0.39%
Fee for the differing part0.65%0.39%
Total return, 1 year+50.3%+62.7%
vs the S&P 500+33.7 pts+46.1 pts
vs the Nasdaq-100+28.5 pts+40.9 pts
Below its high−19.2%−18.4%
Net assets$5.0bn$986m

SIL in plain words

By weight, 0% of SIL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 76% of the fund across 43 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +50.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.7 pts. It sits 19.2% below its all-time high of Feb 27, 2026.

SLVP in plain words

By weight, 5% of SLVP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 72% of the fund across 50 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +62.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 46.1 pts. It sits 18.4% below its all-time high of Feb 27, 2026.

Questions people ask

Do SIL and SLVP hold the same stocks?
By their latest filings, 36% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, SIL or SLVP?
SIL has 0% of its weight in S&P 500 names and SLVP has 5%, so SIL differs more from the index.
Which is cheaper, SIL or SLVP?
SIL charges 0.65% a year and SLVP charges 0.39%, so SLVP is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

SIL against SLVP, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, SIL against SLVP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/sil-vs-slvp Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources