CDE vs. FSM
CDE (Coeur Mining, Inc.) and FSM (Fortuna Silver Mines Inc.) are both stocks. Both are in the Basic Materials sector — CDE in Gold, FSM in Silver. Over the past 10 years, CDE returned 5.80%/yr vs 3.71%/yr for FSM. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
CDE vs. FSM - Performance Comparison
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Returns By Period
In the year-to-date period, CDE achieves a -1.91% return, which is significantly higher than FSM's -7.75% return. Over the past 10 years, CDE has outperformed FSM with an annualized return of 5.80%, while FSM has yielded a comparatively lower 3.71% annualized return.
CDE
- 1D
- -0.23%
- 1M
- -0.91%
- YTD
- -1.91%
- 6M
- -7.41%
- 1Y
- 96.51%
- 3Y*
- 85.05%
- 5Y*
- 13.69%
- 10Y*
- 5.80%
FSM
- 1D
- -2.27%
- 1M
- -3.21%
- YTD
- -7.75%
- 6M
- -11.01%
- 1Y
- 36.09%
- 3Y*
- 43.54%
- 5Y*
- 9.76%
- 10Y*
- 3.71%
CDE vs. FSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDE Coeur Mining, Inc. | -1.91% | 211.71% | 75.46% | -2.98% | -33.33% | -51.30% | 28.09% | 80.76% | -40.40% | -17.49% |
FSM Fortuna Silver Mines Inc. | -7.75% | 128.67% | 11.14% | 2.93% | -3.85% | -52.67% | 101.96% | 12.09% | -30.27% | -7.61% |
Correlation
The correlation between CDE and FSM is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2007 | 0.63 |
The correlation between CDE and FSM shifts across timeframes, from 0.63 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CDE:
$1.64
FSM:
$1.06
CDE:
10.63
FSM:
8.51
CDE:
0.10
FSM:
0.12
CDE:
3.31
FSM:
2.65
CDE:
$2.57B
FSM:
$1.10B
CDE:
$909.07M
FSM:
$598.05M
CDE:
$1.23B
FSM:
$743.42M
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Return for Risk
CDE vs. FSM — Risk / Return Rank
CDE
FSM
CDE vs. FSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coeur Mining, Inc. (CDE) 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.
| CDE | FSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 0.89 | +1.36 |
| Martin ratioReturn relative to average drawdown | 4.36 | 2.19 | +2.17 |
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Drawdowns
CDE vs. FSM - Drawdown Comparison
The maximum CDE drawdown since its inception was -99.40%, which is greater than FSM's maximum drawdown of -92.25%. Use the drawdown chart below to compare losses from any high point for CDE and FSM.
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Drawdown Indicators
| CDE | FSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -92.25% | -7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -43.18% | -40.78% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | -40.78% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -78.39% | -63.27% | -15.12% |
Max Drawdown (10Y)Largest decline over 10 years | -87.42% | -81.07% | -6.35% |
Current DrawdownCurrent decline from peak | -93.94% | -33.75% | -60.19% |
Average DrawdownAverage peak-to-trough decline | -81.50% | -45.14% | -36.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.22% | 16.51% | +5.71% |
Volatility
CDE vs. FSM - Volatility Comparison
Coeur Mining, Inc. (CDE) has a higher volatility of 21.87% compared to Fortuna Silver Mines Inc. (FSM) at 17.19%. This indicates that CDE's price experiences larger fluctuations and is considered to be riskier 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
| CDE | FSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.87% | 17.19% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 55.47% | 46.19% | +9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.86% | 58.19% | +13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.46% | 57.53% | +10.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.90% | 59.53% | +9.37% |
Dividends
CDE vs. FSM - Dividend Comparison
CDE's dividend yield for the trailing twelve months is around 0.11%, while FSM has not paid dividends to shareholders.
| Position | TTM |
|---|---|
CDE Coeur Mining, Inc. | 0.11% |
FSM Fortuna Silver Mines Inc. | 0.00% |
Financials
CDE vs. FSM - Financials Comparison
This section allows you to compare key financial metrics between Coeur Mining, Inc. 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
CDE vs. FSM - Profitability Comparison
CDE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coeur Mining, Inc. reported a gross profit of 0.00 and revenue of 856.19M. Therefore, the gross margin over that period was 0.0%.
FSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
CDE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coeur Mining, Inc. reported an operating income of 349.17M and revenue of 856.19M, resulting in an operating margin of 40.8%.
FSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
CDE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coeur Mining, Inc. reported a net income of 246.76M and revenue of 856.19M, resulting in a net margin of 28.8%.
FSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
CDE and FSM have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDE has higher volatility (21.87%) compared to FSM (17.19%). In terms of maximum drawdown, CDE dropped -99.40% vs FSM's -92.25%.
CDE currently has the higher Sharpe Ratio (1.35 vs 0.62), 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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