SLVY vs SPY
FT Vest Silver Strategy & Target Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SLVY or SPY?
Commodities against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | SLVY | SPY |
|---|---|---|
| Expense Ratio | 0.85% | 0.09%Best |
| AUM | $1M | $814.4B |
| Dividend Yield | 0.00% | 1.01% |
| Holdings | 16 | 505 |
| YTD Return | +9.79% | +13.78%Best |
| 1Y Return | +9.79% | +21.44%Best |
| 3Y Return (annualized) | - | +21.38% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 51.3% | 14.3%Best |
| Max Drawdown | -64.2% | -34.1%Best |
| $10,000 over 15.3 years | $4,629 | $62,547Best |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Blend |
| Inception | Jul 8, 2026 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 15.3 years row, are measured over the window both funds cover: May 27, 2011 to Sep 3, 2026 (15.3 years).
SLVY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SLVY vs SPY Performance
FT Vest Silver Strategy & Target Income ETF (SLVY) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SLVY returned +9.79% while SPY returned +21.44%. Year to date, SLVY is up 9.79% versus a gain of 13.78% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SLVY has been the more volatile fund, with annualized monthly volatility of 51.3% compared with 14.3% 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 -64.2% for SLVY 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 0.26. They move largely independently of each other.
Fees and Cost Over Time
SLVY charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, SLVY currently yields 0.00% against 1.01% for SPY.
You are not choosing between two funds in isolation.
Whichever of SLVY 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, SLVY or SPY?
SLVY has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, SLVY or SPY?
Over the past year SLVY returned +9.79% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (15 years), SLVY annualized -4.91% vs +12.73% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SLVY or SPY?
SLVY has been the more volatile fund at 51.3% annualized versus 14.3% for SPY. Worst drawdown: SLVY -64.2% vs SPY -34.1%.
Should I hold both SLVY and SPY?
SLVY and SPY have a monthly-return correlation of 0.26, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SLVY or SPY?
SLVY yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than SLVY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.