FMV.DE vs. XSLE.DE
FMV.DE (First Majestic Silver Corp) is a stock, while XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) is Silver fund tracking the LBMA Silver Price (EUR Hedged). Over the past 5 years, FMV.DE returned 2.96%/yr vs 12.87%/yr for XSLE.DE. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
FMV.DE vs. XSLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FMV.DE achieves a 1.83% return, which is significantly higher than XSLE.DE's -26.25% 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%
XSLE.DE
- 1D
- 0.00%
- 1M
- -24.10%
- YTD
- -26.25%
- 6M
- -26.25%
- 1Y
- 53.24%
- 3Y*
- 31.27%
- 5Y*
- 12.87%
- 10Y*
- —
FMV.DE vs. XSLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FMV.DE First Majestic Silver Corp | 1.83% | 179.48% | -5.61% | -29.23% | -17.59% | -6.82% | 41.09% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -26.25% | 149.28% | 20.14% | -4.86% | 0.29% | -15.30% | 66.03% |
Correlation
The correlation between FMV.DE and XSLE.DE 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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 14, 2020 | 0.72 |
The correlation between FMV.DE and XSLE.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
FMV.DE vs. XSLE.DE — Risk / Return Rank
FMV.DE
XSLE.DE
FMV.DE vs. XSLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp (FMV.DE) and Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE). 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 | XSLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.05 | +1.38 |
| Martin ratioReturn relative to average drawdown | 5.36 | 2.34 | +3.02 |
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Drawdowns
FMV.DE vs. XSLE.DE - Drawdown Comparison
The maximum FMV.DE drawdown since its inception was -87.99%, which is greater than XSLE.DE's maximum drawdown of -50.39%. Use the drawdown chart below to compare losses from any high point for FMV.DE and XSLE.DE.
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Drawdown Indicators
| FMV.DE | XSLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.99% | -50.39% | -37.60% |
Max Drawdown (1Y)Largest decline over 1 year | -48.02% | -50.39% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -48.02% | -50.39% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -69.43% | -50.39% | -19.04% |
Max Drawdown (10Y)Largest decline over 10 years | -76.90% | — | — |
Current DrawdownCurrent decline from peak | -43.96% | -50.39% | +6.43% |
Average DrawdownAverage peak-to-trough decline | -50.11% | -18.56% | -31.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.82% | 22.66% | -0.84% |
Volatility
FMV.DE vs. XSLE.DE - Volatility Comparison
First Majestic Silver Corp (FMV.DE) has a higher volatility of 23.57% compared to Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) at 15.37%. This indicates that FMV.DE's price experiences larger fluctuations and is considered to be riskier than XSLE.DE 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 | XSLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.57% | 15.37% | +8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 56.89% | 55.02% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.61% | 58.27% | +14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.54% | 35.72% | +23.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.16% | 35.55% | +23.61% |
Dividends
FMV.DE vs. XSLE.DE - Dividend Comparison
FMV.DE's dividend yield for the trailing twelve months is around 0.21%, while XSLE.DE 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% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FMV.DE and XSLE.DE 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.
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