FMV.DE vs. SSLN.L
FMV.DE (First Majestic Silver Corp) is a stock, while SSLN.L (iShares Physical Silver ETC) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, FMV.DE returned 1.60%/yr vs 11.27%/yr for SSLN.L. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
FMV.DE vs. SSLN.L - Performance Comparison
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Different Trading Currencies
FMV.DE is traded in EUR, while SSLN.L is traded in GBp. To make them comparable, the SSLN.L 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 SSLN.L's -14.22% return. Over the past 10 years, FMV.DE has underperformed SSLN.L with an annualized return of 1.60%, while SSLN.L has yielded a comparatively higher 11.27% 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%
SSLN.L
- 1D
- 3.17%
- 1M
- -19.53%
- YTD
- -14.22%
- 6M
- -19.46%
- 1Y
- 70.62%
- 3Y*
- 35.67%
- 5Y*
- 18.77%
- 10Y*
- 11.27%
FMV.DE vs. SSLN.L - 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% |
SSLN.L iShares Physical Silver ETC | -14.22% | 118.25% | 29.15% | -4.21% | 9.79% | -6.09% | 33.38% | 19.85% | -4.67% | -9.31% |
Correlation
The correlation between FMV.DE and SSLN.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.60 |
The correlation between FMV.DE and SSLN.L shifts across timeframes, from 0.60 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FMV.DE vs. SSLN.L — Risk / Return Rank
FMV.DE
SSLN.L
FMV.DE vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp (FMV.DE) and iShares Physical Silver ETC (SSLN.L). 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 | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.50 | +0.94 |
| Martin ratioReturn relative to average drawdown | 5.36 | 3.36 | +2.00 |
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Drawdowns
FMV.DE vs. SSLN.L - Drawdown Comparison
The maximum FMV.DE drawdown since its inception was -87.99%, which is greater than SSLN.L's maximum drawdown of -77.65%. Use the drawdown chart below to compare losses from any high point for FMV.DE and SSLN.L.
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Drawdown Indicators
| FMV.DE | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.99% | -77.65% | -10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -48.02% | -46.94% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -48.02% | -46.94% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -69.43% | -46.94% | -22.49% |
Max Drawdown (10Y)Largest decline over 10 years | -76.90% | -46.94% | -29.96% |
Current DrawdownCurrent decline from peak | -43.96% | -45.26% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -50.11% | -58.09% | +7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.82% | 20.94% | +0.88% |
Volatility
FMV.DE vs. SSLN.L - Volatility Comparison
First Majestic Silver Corp (FMV.DE) has a higher volatility of 23.57% compared to iShares Physical Silver ETC (SSLN.L) at 14.93%. This indicates that FMV.DE's price experiences larger fluctuations and is considered to be riskier than SSLN.L 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 | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.57% | 14.93% | +8.64% |
Volatility (6M)Calculated over the trailing 6-month period | 56.89% | 53.25% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.61% | 56.32% | +16.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.54% | 37.06% | +22.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.16% | 31.15% | +28.01% |
Dividends
FMV.DE vs. SSLN.L - Dividend Comparison
FMV.DE's dividend yield for the trailing twelve months is around 0.21%, while SSLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FMV.DE First Majestic Silver Corp | 0.21% | 0.12% | 0.33% | 0.37% | 0.33% | 0.16% |
SSLN.L iShares Physical Silver ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FMV.DE and SSLN.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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