SLVP vs SPY
iShares MSCI Global Silver and Metals Miners ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SLVP or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SLVP led over 1Y, 3Y and 5Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 70.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SLVP | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $978M | $804.7B |
| Dividend Yield | 1.77% | 0.98% |
| Holdings | 48 | 505 |
| YTD Return | +15.59%Best | +11.52% |
| 1Y Return | +62.91%Best | +17.48% |
| 3Y Return (annualized) | +64.29%Best | +20.62% |
| 5Y Return (annualized) | +25.14%Best | +12.73% |
| Volatility (annualized) | 42.4% | 14.0%Best |
| Max Drawdown | -80.6% | -34.1%Best |
| $10,000 over 5 years | $30,689Best | $18,205 |
| Top 10 Weight | 70.8% | 38.0%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Jan 31, 2012 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Feb 2, 2012 to Sep 10, 2026 (14.6 years).
SLVP vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.6 years both funds cover.
SLVP vs SPY Performance
iShares MSCI Global Silver and Metals Miners ETF (SLVP) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SLVP returned +62.91% while SPY returned +17.48%. Year to date, SLVP is up 15.59% versus a gain of 11.52% for SPY.
Over three years, SLVP compounded at +64.29% per year against +20.62% for SPY; over five years the annualized figures are +25.14% and +12.73% respectively. Across the full 15-year window we track, SPY has the edge at +13.25% annualized vs +4.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SLVP has been the more volatile fund, with annualized monthly volatility of 42.4% compared with 14.0% for SPY. 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 -80.6% for SLVP and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
SLVP charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, SLVP currently yields 1.77% against 0.98% for SPY.
Holdings Overlap
4.5% of SLVP's money is in holdings SPY also owns. 0.2% of SPY's money is in holdings SLVP also owns.
SLVP and SPY share little of their money.
1 positions in common, counted across the 36 positions we hold weights for in SLVP and 504 in SPY, against full books of 48 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for SLVP (99.3% of the fund), and 5 for SLVP that do not appear in SPY (16.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SLVP | Weight in SPY | Difference |
|---|---|---|---|
| NEMNewmont Corp. | 4.51% | 0.16% | 4.35% |
You are not choosing between two funds in isolation.
Whichever of SLVP and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SLVP or SPY?
SLVP has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, SLVP or SPY?
Over the past year SLVP returned +62.91% vs +17.48% for SPY, so SLVP leads on 1-year performance. Over the longest common window we track (15 years), SLVP annualized +4.40% vs +13.25% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SLVP or SPY?
SLVP has been the more volatile fund at 42.4% annualized versus 14.0% for SPY. Worst drawdown: SLVP -80.6% vs SPY -34.1%.
Should I hold both SLVP and SPY?
SLVP and SPY have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SLVP and SPY?
4.5% of SLVP's money is in holdings SPY also owns. 0.2% of SPY's is in holdings SLVP also owns. They hold 1 positions in common, counted across the 36 positions we hold weights for in SLVP and 504 in SPY.
Which pays a higher dividend, SLVP or SPY?
SLVP yields 1.77% while SPY yields 0.98%, so SLVP currently pays the higher dividend yield.
Is SPY better than SLVP?
SPY has a lower expense ratio. SLVP led over 1Y, 3Y and 5Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 70.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.