iShares Silver Trust (SLV) belongs to the Silver category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SLV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SLV
SLV charges 0.50% annually. There are 3 ETFs in the Silver category with lower expense ratios, going as low as 0.30%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Physical Silver Shares ETF | 0.30% | 3.97B | Jul 2009 | SLV vs SIVR | |
| Themes Silver Miners ETF | 0.35% | 10.36M | May 2024 | SLV vs AGMI | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.39% | 819.95M | Jan 2012 | SLV vs SLVP | |
| Sprott Physical Silver Trust | 0.51% | — | Oct 2010 | SLV vs PSLV | |
| UBS ETRACS Silver Shares Covered Call ETN | 0.65% | 411.17M | Apr 2013 | SLV vs SLVO |
Best Risk-Adjusted Alternatives to SLV
SLV has a PortfoliosLab risk / return rank of 27. There are 8 ETFs in the Silver category with higher risk-adjusted ranks, going as high as 43.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Themes Silver Miners ETF | 43 | 10.36M | May 2024 | SLV vs AGMI | |
| iShares MSCI Global Silver and Metals Miners ETF | 38 | 819.95M | Jan 2012 | SLV vs SLVP | |
| Amplify Junior Silver Miners ETF | 35 | 3.22B | Nov 2012 | SLV vs SILJ | |
| Sprott Active Gold & Silver Miners ETF | 33 | 141.74M | Feb 2025 | SLV vs GBUG | |
| Global X Silver Miners ETF | 31 | 4.14B | Apr 2010 | SLV vs SIL |
Top Performing SLV Alternatives (YTD)
SLV is at -19.03% YTD. There are 8 ETFs in the Silver category with higher YTD returns, going as high as -5.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| UBS ETRACS Silver Shares Covered Call ETN | -5.97% | 411.17M | Apr 2013 | SLV vs SLVO | |
| Themes Silver Miners ETF | -8.51% | 10.36M | May 2024 | SLV vs AGMI | |
| Amplify Junior Silver Miners ETF | -10.77% | 3.22B | Nov 2012 | SLV vs SILJ | |
| Global X Silver Miners ETF | -10.96% | 4.14B | Apr 2010 | SLV vs SIL | |
| iShares MSCI Global Silver and Metals Miners ETF | -12.53% | 819.95M | Jan 2012 | SLV vs SLVP |
Lowest Volatility Alternatives to SLV
SLV has 61.10% 1-year volatility. There are 8 ETFs in the Silver category with lower 1-year volatility, going as low as 32.81%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| UBS ETRACS Silver Shares Covered Call ETN | 32.81% | 411.17M | Apr 2013 | SLV vs SLVO | |
| Sprott Active Gold & Silver Miners ETF | 50.86% | 141.74M | Feb 2025 | SLV vs GBUG | |
| Themes Silver Miners ETF | 52.32% | 10.36M | May 2024 | SLV vs AGMI | |
| Global X Silver Miners ETF | 52.93% | 4.14B | Apr 2010 | SLV vs SIL | |
| iShares MSCI Global Silver and Metals Miners ETF | 55.80% | 819.95M | Jan 2012 | SLV vs SLVP |
Lowest Drawdown Alternatives to SLV
SLV has a 1-year max drawdown of -50.97%. There are 9 ETFs in the Silver category with shallower 1-year drawdowns, going as shallow as -21.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| UBS ETRACS Silver Shares Covered Call ETN | -21.39% | 411.17M | Apr 2013 | SLV vs SLVO | |
| Themes Silver Miners ETF | -34.40% | 10.36M | May 2024 | SLV vs AGMI | |
| Sprott Active Gold & Silver Miners ETF | -36.90% | 141.74M | Feb 2025 | SLV vs GBUG | |
| Global X Silver Miners ETF | -37.20% | 4.14B | Apr 2010 | SLV vs SIL | |
| iShares MSCI Global Silver and Metals Miners ETF | -38.06% | 819.95M | Jan 2012 | SLV vs SLVP |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, SOXX and span 15 categories. AUM among these funds goes as high as $894B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.92% | 97.69B | May 2020 | SLV vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 1 | -29.06% | 46.82B | Jan 2024 | SLV vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 93 | 84.03% | 47.60B | Jul 2001 | SLV vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 66 | 10.46% | 894.38B | May 2000 | SLV vs IVV | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 13 | -1.48% | 42.18B | Jul 2002 | SLV vs TLT | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 86 | 12.23% | 42.05B | Jun 2014 | SLV vs DGRO | |
| iShares Gold Trust | Gold, Precious Metals | 22 | -7.29% | 60.94B | Jan 2005 | SLV vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 69 | 19.72% | 83.34B | May 2000 | SLV vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 63 | 10.93% | 33.36B | Mar 2008 | SLV vs ACWI | |
| iShares MSCI USA Momentum Factor ETF | Momentum, Large Cap Blend Equities | 60 | 25.95% | 27.36B | Apr 2013 | SLV vs MTUM |
Often Compared With SLV
Investors most often compare SLV with GLD, AGQ, GDX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SLV with Any Fund or Stock
Compare SLV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SLV with funds that move differently
iShares Silver Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SLV.
Explore SLV Diversifiers