BDNNY vs. FSM
BDNNY (Boliden AB ADR) and FSM (Fortuna Silver Mines Inc.) are both stocks. Both are in the Basic Materials sector — BDNNY in Other Industrial Metals & Mining, FSM in Silver. Over the past 10 years, BDNNY returned 12.34%/yr vs -0.84%/yr for FSM. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
BDNNY vs. FSM - Performance Comparison
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Returns By Period
In the year-to-date period, BDNNY achieves a -6.87% return, which is significantly higher than FSM's -14.07% return. Over the past 10 years, BDNNY has outperformed FSM with an annualized return of 12.34%, while FSM has yielded a comparatively lower -0.84% annualized return.
BDNNY
- 1D
- 0.21%
- 1M
- -8.27%
- 6M
- -26.27%
- YTD
- -6.87%
- 1Y
- 67.66%
- 3Y*
- 22.19%
- 5Y*
- 8.86%
- 10Y*
- 12.34%
- ALL TIME*
- 13.12%
FSM
- 1D
- -3.88%
- 1M
- -3.33%
- 6M
- -13.80%
- YTD
- -14.07%
- 1Y
- 31.92%
- 3Y*
- 35.35%
- 5Y*
- 12.16%
- 10Y*
- -0.84%
- ALL TIME*
- 8.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BDNNY Boliden AB ADR | $2.81M | $2.71M | $1.94M |
| $47.56M | $43.76M | $48.63M |
BDNNY vs. FSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDNNY Boliden AB ADR | -6.87% | 99.12% | -9.06% | -10.79% | 2.01% | 16.35% | 40.33% | 16.52% | -32.29% | 36.21% |
FSM Fortuna Silver Mines Inc. | -14.07% | 128.67% | 11.14% | 2.93% | -3.85% | -52.67% | 101.96% | 12.09% | -30.27% | -7.61% |
Correlation
The correlation between BDNNY and FSM is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2014 | 0.21 |
Over the past year, BDNNY and FSM have become more correlated (0.53) than their long-term average of 0.21, meaning their price movements have been converging.
Fundamentals
BDNNY:
$14.31B
FSM:
$2.55B
BDNNY:
SEK 89.02
FSM:
$1.05
BDNNY:
10.80
FSM:
8.02
BDNNY:
1.02
FSM:
0.11
BDNNY:
1.33
FSM:
2.50
BDNNY:
1.70
FSM:
1.58
BDNNY:
SEK 102.77B
FSM:
$1.10B
BDNNY:
SEK 19.67B
FSM:
$598.05M
BDNNY:
SEK 27.53B
FSM:
$743.42M
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Return for Risk
BDNNY vs. FSM — Risk / Return Rank
BDNNY
FSM
BDNNY vs. FSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boliden AB ADR (BDNNY) and Fortuna Silver Mines Inc. (FSM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BDNNY | FSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.75 | +0.96 |
| Martin ratioReturn relative to average drawdown | 3.68 | 1.48 | +2.20 |
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Drawdowns
BDNNY vs. FSM - Drawdown Comparison
The maximum BDNNY drawdown since its inception was -55.33%, smaller than the maximum FSM drawdown of -92.25%. Use the drawdown chart below to compare losses from any high point for BDNNY and FSM.
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Drawdown Indicators
| BDNNY | FSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -92.25% | +36.92% |
Max Drawdown (1Y)Largest decline over 1 year | -39.97% | -41.22% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -39.97% | -41.22% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -47.71% | -60.19% | +12.48% |
Max Drawdown (10Y)Largest decline over 10 years | -55.33% | -81.07% | +25.74% |
Current DrawdownCurrent decline from peak | -35.92% | -38.29% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -45.10% | +21.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.53% | 20.79% | -2.26% |
Volatility
BDNNY vs. FSM - Volatility Comparison
The current volatility for Boliden AB ADR (BDNNY) is 12.37%, while Fortuna Silver Mines Inc. (FSM) has a volatility of 13.20%. This indicates that BDNNY experiences smaller price fluctuations and is considered to be less risky than FSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDNNY | FSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.37% | 13.20% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 44.94% | 46.37% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.29% | 57.68% | -8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.10% | 57.49% | -12.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.31% | 59.24% | -10.93% |
Dividends
BDNNY vs. FSM - Dividend Comparison
BDNNY's dividend yield for the trailing twelve months is around 2.37%, while FSM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BDNNY Boliden AB ADR | 2.37% | 0.00% | 2.62% | 8.16% | 7.07% | 6.73% | 1.91% | 5.22% |
FSM Fortuna Silver Mines Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BDNNY vs. FSM - Financials Comparison
This section allows you to compare key financial metrics between Boliden AB ADR and Fortuna Silver Mines Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BDNNY vs. FSM - Profitability Comparison
BDNNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Boliden AB ADR reported a gross profit of 3.84B and revenue of 25.73B. Therefore, the gross margin over that period was 14.9%.
FSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Fortuna Silver Mines Inc. reported a gross profit of 211.84M and revenue of 342.47M. Therefore, the gross margin over that period was 61.9%.
BDNNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Boliden AB ADR reported an operating income of 3.19B and revenue of 25.73B, resulting in an operating margin of 12.4%.
FSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Fortuna Silver Mines Inc. reported an operating income of 182.18M and revenue of 342.47M, resulting in an operating margin of 53.2%.
BDNNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Boliden AB ADR reported a net income of 2.22B and revenue of 25.73B, resulting in a net margin of 8.6%.
FSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Fortuna Silver Mines Inc. reported a net income of 111.01M and revenue of 342.47M, resulting in a net margin of 32.4%.
Frequently Asked Questions
BDNNY and FSM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSM has higher volatility (13.20%) compared to BDNNY (12.37%). In terms of maximum drawdown, BDNNY dropped -55.33% vs FSM's -92.25%.
BDNNY currently has the higher Sharpe Ratio (1.39 vs 0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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