FMV.DE vs. SILJ

Last updated Jul 1, 2026

FMV.DE (First Majestic Silver Corp) is a stock, while SILJ (Amplify Junior Silver Miners ETF) is Silver fund tracking the Nasdaq Junior Silver Miners Index. Over the past 10 years, FMV.DE returned 1.60%/yr vs 6.29%/yr for SILJ. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

FMV.DE vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in First Majestic Silver Corp (FMV.DE) and Amplify Junior Silver Miners ETF (SILJ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FMV.DE is traded in EUR, while SILJ is traded in USD. To make them comparable, the SILJ 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 1.83% return, which is significantly higher than SILJ's -3.53% return. Over the past 10 years, FMV.DE has underperformed SILJ with an annualized return of 1.60%, while SILJ has yielded a comparatively higher 6.29% annualized return.

FMV.DE

• 1D: 2.83%
• 1M: -16.47%
• YTD: 1.83%
• 6M: 1.83%
• 1Y: 117.50%
• 3Y*: 44.08%
• 5Y*: 2.96%
• 10Y*: 1.60%

SILJ

• 1D: 0.68%
• 1M: -14.32%
• YTD: -3.53%
• 6M: -5.11%
• 1Y: 84.32%
• 3Y*: 42.36%
• 5Y*: 14.35%
• 10Y*: 6.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMV.DE vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMV.DE First Majestic Silver Corp	1.83%	179.48%	-5.61%	-29.23%	-17.59%	-6.82%	-4.42%	112.33%	-12.65%	-26.78%
SILJ Amplify Junior Silver Miners ETF	-3.53%	150.20%	13.42%	-8.05%	-10.18%	-17.46%	22.04%	60.61%	-24.57%	-17.25%

Correlation

The correlation between FMV.DE and SILJ 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.59

The correlation between FMV.DE and SILJ shifts across timeframes, from 0.59 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FMV.DE vs. SILJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMV.DE

FMV.DE Risk / Return Rank: 81
FMV.DE Sharpe Ratio Rank: 85
FMV.DE Sortino Ratio Rank: 81
FMV.DE Omega Ratio Rank: 77
FMV.DE Calmar Ratio Rank: 81
FMV.DE Martin Ratio Rank: 79

SILJ

SILJ Risk / Return Rank: 41
SILJ Sharpe Ratio Rank: 44
SILJ Sortino Ratio Rank: 39
SILJ Omega Ratio Rank: 42
SILJ Calmar Ratio Rank: 46
SILJ Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMV.DE vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp (FMV.DE) and Amplify Junior Silver Miners ETF (SILJ). 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.

	FMV.DE	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.53	+0.08
Sortino ratio: Return per unit of downside risk	2.20	1.95	+0.24
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	2.43	2.24	+0.19
Martin ratio: Return relative to average drawdown	5.36	5.31	+0.05

FMV.DE vs. SILJ - Sharpe Ratio Comparison

The current FMV.DE Sharpe Ratio is 1.61, which is comparable to the SILJ Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FMV.DE and SILJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMV.DE vs. SILJ - Drawdown Comparison

The maximum FMV.DE drawdown since its inception was -87.99%, which is greater than SILJ's maximum drawdown of -74.59%. Use the drawdown chart below to compare losses from any high point for FMV.DE and SILJ.

Drawdown Indicators

	FMV.DE	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-87.99%	-74.59%	-13.40%
Max Drawdown (1Y) Largest decline over 1 year	-48.02%	-37.80%	-10.22%
Max Drawdown (3Y) Largest decline over 3 years	-48.02%	-37.80%	-10.22%
Max Drawdown (5Y) Largest decline over 5 years	-69.43%	-48.17%	-21.26%
Max Drawdown (10Y) Largest decline over 10 years	-76.90%	-69.87%	-7.03%
Current Drawdown Current decline from peak	-43.96%	-33.50%	-10.46%
Average Drawdown Average peak-to-trough decline	-50.11%	-38.37%	-11.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.82%	15.92%	+5.90%

Volatility

FMV.DE vs. SILJ - Volatility Comparison

First Majestic Silver Corp (FMV.DE) has a higher volatility of 23.57% compared to Amplify Junior Silver Miners ETF (SILJ) at 19.04%. This indicates that FMV.DE's price experiences larger fluctuations and is considered to be riskier than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMV.DE	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.57%	19.04%	+4.53%
Volatility (6M) Calculated over the trailing 6-month period	56.89%	46.06%	+10.83%
Volatility (1Y) Calculated over the trailing 1-year period	72.61%	55.49%	+17.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.54%	42.44%	+17.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.16%	44.33%	+14.83%

Dividends

FMV.DE vs. SILJ - Dividend Comparison

FMV.DE's dividend yield for the trailing twelve months is around 0.21%, less than SILJ's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMV.DE First Majestic Silver Corp	0.21%	0.12%	0.33%	0.37%	0.33%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SILJ Amplify Junior Silver Miners ETF	2.14%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%

Frequently Asked Questions

Can I hold both FMV.DE and SILJ in my portfolio?

FMV.DE and SILJ 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.