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FMV.DE vs. SVR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FMV.DE vs. SVR.TO

Last updated Jul 1, 2026
See Documentation

FMV.DE (First Majestic Silver Corp) is a stock, while SVR.TO (iShares Silver Bullion ETF) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, FMV.DE returned 1.60%/yr vs 8.53%/yr for SVR.TO. At a 0.44 correlation, their price movements are largely independent.

Performance

FMV.DE vs. SVR.TO - Performance Comparison

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

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Different Trading Currencies

FMV.DE is traded in EUR, while SVR.TO is traded in CAD. To make them comparable, the SVR.TO 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 SVR.TO's -19.12% return. Over the past 10 years, FMV.DE has underperformed SVR.TO with an annualized return of 1.60%, while SVR.TO has yielded a comparatively higher 8.53% 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%

SVR.TO

1D
1.61%
1M
-23.36%
YTD
-19.12%
6M
-24.22%
1Y
56.14%
3Y*
29.16%
5Y*
13.01%
10Y*
8.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FMV.DE vs. SVR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SVR.TO
iShares Silver Bullion ETF		-19.12%122.16%16.67%-1.56%-0.05%-6.48%34.37%20.27%-12.60%-1.78%

Correlation

The correlation between FMV.DE and SVR.TO is 0.63, 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

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.55

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2009

0.44

The correlation between FMV.DE and SVR.TO shifts across timeframes, from 0.44 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Majestic Silver Corp

iShares Silver Bullion ETF

Often compared with FMV.DE:
FMV.DE vs. SAFMV.DE vs. SILJFMV.DE vs. SLVPFMV.DE vs. STTKFMV.DE vs. KFFMV.DE vs. AII.TOFMV.DE vs. AGMI
Often compared with SVR.TO:
SVR.TO vs. SLVSVR.TO vs. PSLV.TOSVR.TO vs. PSLVSVR.TO vs. SBT.TOSVR.TO vs. SVR-C.TOSVR.TO vs. CGL.TOSVR.TO vs. MNS.TO

Return for Risk

FMV.DE vs. SVR.TO — 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: 8181
Overall Rank
FMV.DE Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FMV.DE Sortino Ratio Rank: 8181
Sortino Ratio Rank
FMV.DE Omega Ratio Rank: 7777
Omega Ratio Rank
FMV.DE Calmar Ratio Rank: 8181
Calmar Ratio Rank
FMV.DE Martin Ratio Rank: 7979
Martin Ratio Rank
SVR.TO
SVR.TO Risk / Return Rank: 2828
Overall Rank
SVR.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
SVR.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
SVR.TO Omega Ratio Rank: 3636
Omega Ratio Rank
SVR.TO Calmar Ratio Rank: 2525
Calmar Ratio Rank
SVR.TO Martin Ratio Rank: 2222
Martin Ratio Rank
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. SVR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp (FMV.DE) and iShares Silver Bullion ETF (SVR.TO). 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.DESVR.TODifference
Sharpe ratioReturn per unit of total volatility
1.61
0.96

+0.65

Sortino ratioReturn per unit of downside risk
2.20
1.40

+0.80

Omega ratioGain probability vs. loss probability

1.26

1.22

+0.04

Calmar ratioReturn relative to maximum drawdown

2.43

1.09

+1.34

Martin ratioReturn relative to average drawdown

5.36

2.46

+2.90

FMV.DE vs. SVR.TO - Sharpe Ratio Comparison

The current FMV.DE Sharpe Ratio is 1.61, which is higher than the SVR.TO Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FMV.DE and SVR.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FMV.DE vs. SVR.TO - Drawdown Comparison

The maximum FMV.DE drawdown since its inception was -87.99%, which is greater than SVR.TO's maximum drawdown of -79.98%. Use the drawdown chart below to compare losses from any high point for FMV.DE and SVR.TO.

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Drawdown Indicators

FMV.DESVR.TODifference

Max Drawdown

Largest peak-to-trough decline

-87.99%

-79.98%

-8.01%

Max Drawdown (1Y)

Largest decline over 1 year

-48.02%

-51.80%

+3.78%

Max Drawdown (3Y)

Largest decline over 3 years

-48.02%

-51.80%

+3.78%

Max Drawdown (5Y)

Largest decline over 5 years

-69.43%

-51.80%

-17.63%

Max Drawdown (10Y)

Largest decline over 10 years

-76.90%

-51.80%

-25.10%

Current Drawdown

Current decline from peak

-43.96%

-49.95%

+5.99%

Average Drawdown

Average peak-to-trough decline

-50.11%

-52.29%

+2.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.82%

22.88%

-1.06%

Volatility

FMV.DE vs. SVR.TO - Volatility Comparison

First Majestic Silver Corp (FMV.DE) has a higher volatility of 23.57% compared to iShares Silver Bullion ETF (SVR.TO) at 15.56%. This indicates that FMV.DE's price experiences larger fluctuations and is considered to be riskier than SVR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FMV.DESVR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

23.57%

15.56%

+8.01%

Volatility (6M)

Calculated over the trailing 6-month period

56.89%

56.07%

+0.82%

Volatility (1Y)

Calculated over the trailing 1-year period

72.61%

58.56%

+14.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

59.54%

35.83%

+23.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

59.16%

31.84%

+27.32%

Dividends

FMV.DE vs. SVR.TO - Dividend Comparison

FMV.DE's dividend yield for the trailing twelve months is around 0.21%, while SVR.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021
FMV.DE
First Majestic Silver Corp		0.21%0.12%0.33%0.37%0.33%0.16%
SVR.TO
iShares Silver Bullion ETF		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FMV.DE and SVR.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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