Dividend comparison

SLV vs SLVP: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Silver Trust and iShares MSCI Global Silver and Metals Miners ETF, side by side. Updated October 21, 2026.

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SLV vs SLVP: key differences
The short answer, from the latest data on this page.
  • Fees. SLVP is cheaper at 0.39% a year versus 0.50% for SLV. On $10,000 that is $11 a year less in fees.
  • Performance. Over the last 5 years, SLVP returned 146.5% versus 131.3% for SLV, with dividends reinvested. $10,000 would have grown to $24,647 in SLVP and $23,134 in SLV.
  • Risk. SLV has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -52.4%, against -47.7% for SLVP.
  • Size. SLV is the larger fund with $28.5 billion in assets, against $850 million for SLVP.

Bottom line: SLVP has the edge on these figures, with lower fees, stronger 5-year returns and smaller drawdowns. SLV does not lead on any of the measures compared here.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricSLV
iShares Silver Trust
SLVP
iShares MSCI Global Silver and Metals Miners ETF
Dividend yield (TTM)—2.12%
Dividend / share (TTM)—$0.70
Payout frequency—Semi-annual
Last dividend—$0.1379 on Jun 18, 2026
Ex-dividend date—Jun 15, 2026
Dividend growth (CAGR)—30.6% over 4 yrs
Price$52.12$33.20
Beta1.261.21
Max drawdown (5Y)-52.4%-47.7%
Market cap$28.39B$855.4M
ExchangeAMEXCBOE
Expense ratio0.50%0.39%
Assets under management$28.46B$849.7M
Number of holdings—36
Top 10 concentration—71.8%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

SLV

—/mo

Yield data unavailable

SLVP

$17.65/mo

$212 /yr at 2.12% yield

Dividend history
Total dividends paid per share in each calendar year.
YearSLVSLVP
2025—$0.6101
2024—$0.1211
2023—$0.0891
2022—$0.0664
2021—$0.2098
Strategy: Precious metals
Funds that hold physical gold or silver in vaults, or the companies that mine it. Physical-metal funds that hold the same bullion differ mainly in fee, share price and trading liquidity, while miner funds behave like leveraged equity bets on the metal price. None of them pay a dividend from the metal itself.

Metal prices can fall for years with no income to cushion the decline, and gains in physical-metal funds can be taxed at the higher collectibles rate in the US.

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $23,134 in SLV and $24,647 in SLVP.
PeriodSLVSLVP
1 month-13.03%-14.06%
3 months2.24%14.48%
Year to date-19.09%-3.12%
1 year9.22%12.70%
3 years143.55%269.71%
5 years131.34%146.47%
  • SLV
  • SLVP
36210384202120222023202420252026231246

Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • SLV
  • SLVP
0%25%50%75%100%Basic Materials100.0%100.0%Cash & Others100.0%0.2%Metals & Mining99.9%Cash and/or Derivativ…0.1%Financial Services0.0%
Top 10 holdings
Largest positions by portfolio weight.

SLVP36 holdings total

NameWeight
HLHECLA MINING13.30%
PE&OLES.MXINDUST PENOLES11.82%
AG.TOFIRST MAJESTIC SILVER9.95%
FRES.LFRESNILLO PLC8.33%
AYA.TOAYA GOLD & SILVER INC5.20%
NEMNEWMONT5.03%
DSV.TODISCOVERY MINING LTD4.89%
AEM.TOAGNICO EAGLE MINES4.82%
WPM.TOWHEATON PRECIOUS METALS4.63%
EDR.TOENDEAVOUR SILVER CORP3.83%

Quick verdict

SLVP has the edge on these figures, with lower fees, stronger 5-year returns and smaller drawdowns. SLV does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is SLV or SLVP better for dividend income?
Compare yield, payout sustainability, and how each fund or stock fits your income goals. Use Dividend Wealth to model both holdings inside a real portfolio forecast.
What is the difference between SLV and SLVP?
iShares Silver Trust (SLV) is an ETF listed on AMEX. iShares MSCI Global Silver and Metals Miners ETF (SLVP) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, SLV or SLVP?
SLVP has the lower expense ratio. SLV charges 0.50% a year and SLVP charges 0.39%, a difference of $11 a year on a $10,000 investment.
Which has performed better, SLV or SLVP?
Over the last 5 years, SLVP has the higher total return with dividends reinvested: SLV returned 131.3% and SLVP returned 146.5%. Past performance does not predict future returns.
Which is riskier, SLV or SLVP?
Measured by the worst peak-to-trough decline over the last five years, SLV has been riskier: SLV fell as much as 52.4% and SLVP as much as 47.7%. Their betas are 1.26 and 1.21.
Can I hold both SLV and SLVP?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare SLV vs SLVP with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SLV and SLVP fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.