IVV vs SLVY
iShares Core S&P 500 ETF vs FT Vest Silver Strategy & Target Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SLVY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.85% | |
| AUM | $907.0B | $1M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 0 | |
| YTD Return | +14.29% | +7.05% | |
| 1Y Return | +21.79% | +7.05% | |
| 3Y Return (annualized) | +22.19% | - | |
| 5Y Return (annualized) | +13.28% | - | |
| Volatility (annualized) | 15.1% | 52.2% | |
| Max Drawdown | -56.5% | -64.2% | |
| Fund Family | iShares by BlackRock (US) | First Trust Portfolios (US) | |
| Category | Equity | Commodity | |
| Inception | May 15, 2000 | Jul 8, 2026 |
IVV vs SLVY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and FT Vest Silver Strategy & Target Income ETF (SLVY) is a ETF from First Trust Portfolios (US). Over the past year IVV returned +21.79% while SLVY returned +7.05%. Year to date, IVV is up 14.29% versus a gain of 7.05% for SLVY.
Risk: Volatility and Drawdowns
SLVY has been the more volatile fund, with annualized monthly volatility of 52.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -64.2% for SLVY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SLVY charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for SLVY.
Frequently Asked Questions
Which is cheaper, IVV or SLVY?
IVV has an expense ratio of 0.03% while SLVY charges 0.85%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, IVV or SLVY?
Over the past year IVV returned +21.79% vs +7.05% for SLVY, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.06% vs -5.09% for SLVY. Past performance does not guarantee future results.
Which is riskier, IVV or SLVY?
SLVY has been the more volatile fund at 52.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SLVY -64.2%.
Should I hold both IVV and SLVY?
IVV and SLVY have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or SLVY?
IVV yields 1.10% while SLVY yields 0.00%, so IVV currently pays the higher dividend yield.
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