FMV.DE vs. AGMI
FMV.DE (First Majestic Silver Corp) is a stock, while AGMI (Themes Silver Miners ETF) is Silver fund tracking the STOXX Global Silver Mining Index. Over the past year, FMV.DE returned 175.00% vs 107.34% for AGMI. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
FMV.DE vs. AGMI - Performance Comparison
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Different Trading Currencies
FMV.DE is traded in EUR, while AGMI is traded in USD. To make them comparable, the AGMI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FMV.DE achieves a 16.80% return, which is significantly higher than AGMI's 9.17% return.
FMV.DE
- 1D
- -0.44%
- 1M
- 4.23%
- YTD
- 16.80%
- 6M
- 31.56%
- 1Y
- 175.00%
- 3Y*
- 46.05%
- 5Y*
- 3.42%
- 10Y*
- —
AGMI
- 1D
- 0.18%
- 1M
- 5.19%
- YTD
- 9.17%
- 6M
- 21.92%
- 1Y
- 107.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMV.DE vs. AGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FMV.DE First Majestic Silver Corp | 16.80% | 179.08% | -15.32% |
AGMI Themes Silver Miners ETF | 9.17% | 143.34% | 3.20% |
Correlation
The correlation between FMV.DE and AGMI is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 6, 2024 | 0.69 |
The correlation between FMV.DE and AGMI has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
FMV.DE vs. AGMI — Risk / Return Rank
FMV.DE
AGMI
FMV.DE vs. AGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp (FMV.DE) and Themes Silver Miners ETF (AGMI). 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.
| FMV.DE | AGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.39 | +1.03 |
| Martin ratioReturn relative to average drawdown | 9.39 | 9.24 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMV.DE | AGMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.29 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.49 | -1.35 |
Drawdowns
FMV.DE vs. AGMI - Drawdown Comparison
The maximum FMV.DE drawdown since its inception was -76.99%, which is greater than AGMI's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for FMV.DE and AGMI.
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Drawdown Indicators
| FMV.DE | AGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.99% | -31.80% | -45.19% |
Max Drawdown (1Y)Largest decline over 1 year | -39.32% | -31.80% | -7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -43.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.54% | — | — |
Current DrawdownCurrent decline from peak | -35.71% | -20.70% | -15.01% |
Average DrawdownAverage peak-to-trough decline | -46.09% | -8.86% | -37.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.55% | 11.65% | +6.90% |
Volatility
FMV.DE vs. AGMI - Volatility Comparison
First Majestic Silver Corp (FMV.DE) has a higher volatility of 23.47% compared to Themes Silver Miners ETF (AGMI) at 16.72%. This indicates that FMV.DE's price experiences larger fluctuations and is considered to be riskier than AGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMV.DE | AGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.47% | 16.72% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 55.63% | 39.14% | +16.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.38% | 47.09% | +25.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.22% | 42.09% | +17.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.24% | 42.09% | +20.15% |
Dividends
FMV.DE vs. AGMI - Dividend Comparison
FMV.DE's dividend yield for the trailing twelve months is around 0.11%, less than AGMI's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AGMI Themes Silver Miners ETF | 4.10% | 4.43% | 1.81% | 0.00% | 0.00% | 0.00% |
FMV.DE First Majestic Silver Corp | 0.11% | 0.08% | 0.20% | 0.22% | 0.21% | 0.09% |
Frequently Asked Questions
FMV.DE and AGMI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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