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FRES.L vs. SVR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FRES.L vs. SVR.TO

Last updated Jul 1, 2026
See Documentation

FRES.L (Fresnillo plc) is a stock, while SVR.TO (iShares Silver Bullion ETF) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, FRES.L returned 7.10%/yr vs 8.86%/yr for SVR.TO. At a 0.43 correlation, their price movements are largely independent.

Performance

FRES.L vs. SVR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fresnillo plc (FRES.L) 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

FRES.L is traded in GBp, while SVR.TO is traded in CAD. To make them comparable, the SVR.TO values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FRES.L achieves a -15.96% return, which is significantly higher than SVR.TO's -20.09% return. Over the past 10 years, FRES.L has underperformed SVR.TO with an annualized return of 7.10%, while SVR.TO has yielded a comparatively higher 8.86% annualized return.

FRES.L

1D
-1.44%
1M
-16.59%
YTD
-15.96%
6M
-17.88%
1Y
96.36%
3Y*
70.39%
5Y*
31.92%
10Y*
7.10%

SVR.TO

1D
1.56%
1M
-23.78%
YTD
-20.09%
6M
-25.15%
1Y
56.72%
3Y*
29.28%
5Y*
13.11%
10Y*
8.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FRES.L vs. SVR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FRES.L
Fresnillo plc		-15.96%468.21%6.13%-32.98%3.90%-18.79%78.92%-24.01%-38.26%18.98%
SVR.TO
iShares Silver Bullion ETF		-20.09%134.11%11.36%-3.59%5.31%-12.16%42.14%13.14%-11.57%2.30%

Correlation

The correlation between FRES.L and SVR.TO is 0.61, 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

0.61

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

0.53

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

0.48

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

0.45

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

0.43

The correlation between FRES.L and SVR.TO shifts across timeframes, from 0.43 (all time) to 0.61 (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.

Fresnillo plc

iShares Silver Bullion ETF

Often compared with FRES.L:
FRES.L vs. HOC.LFRES.L vs. AGFRES.L vs. HLFRES.L vs. SSLN.LFRES.L vs. SILG.LFRES.L vs. SLVPFRES.L vs. FVI.TO
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

FRES.L vs. SVR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FRES.L
FRES.L Risk / Return Rank: 8282
Overall Rank
FRES.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
FRES.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
FRES.L Omega Ratio Rank: 8080
Omega Ratio Rank
FRES.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
FRES.L Martin Ratio Rank: 8181
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.

FRES.L vs. SVR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fresnillo plc (FRES.L) 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.

FRES.LSVR.TODifference
Sharpe ratioReturn per unit of total volatility
1.71
0.97

+0.74

Sortino ratioReturn per unit of downside risk
2.28
1.41

+0.87

Omega ratioGain probability vs. loss probability

1.28

1.22

+0.06

Calmar ratioReturn relative to maximum drawdown

2.59

1.10

+1.49

Martin ratioReturn relative to average drawdown

6.08

2.50

+3.59

FRES.L vs. SVR.TO - Sharpe Ratio Comparison

The current FRES.L Sharpe Ratio is 1.71, which is higher than the SVR.TO Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FRES.L 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

FRES.L vs. SVR.TO - Drawdown Comparison

The maximum FRES.L drawdown since its inception was -82.49%, roughly equal to the maximum SVR.TO drawdown of -79.28%. Use the drawdown chart below to compare losses from any high point for FRES.L and SVR.TO.

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Drawdown Indicators

FRES.LSVR.TODifference

Max Drawdown

Largest peak-to-trough decline

-82.49%

-79.28%

-3.21%

Max Drawdown (1Y)

Largest decline over 1 year

-37.00%

-51.98%

+14.98%

Max Drawdown (3Y)

Largest decline over 3 years

-37.00%

-51.98%

+14.98%

Max Drawdown (5Y)

Largest decline over 5 years

-53.75%

-51.98%

-1.77%

Max Drawdown (10Y)

Largest decline over 10 years

-74.56%

-51.98%

-22.58%

Current Drawdown

Current decline from peak

-37.00%

-50.21%

+13.21%

Average Drawdown

Average peak-to-trough decline

-42.85%

-54.09%

+11.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.78%

22.80%

-7.02%

Volatility

FRES.L vs. SVR.TO - Volatility Comparison

Fresnillo plc (FRES.L) has a higher volatility of 16.50% compared to iShares Silver Bullion ETF (SVR.TO) at 15.64%. This indicates that FRES.L'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

FRES.LSVR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.50%

15.64%

+0.86%

Volatility (6M)

Calculated over the trailing 6-month period

43.75%

55.78%

-12.03%

Volatility (1Y)

Calculated over the trailing 1-year period

56.04%

58.48%

-2.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.80%

35.48%

+7.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.23%

31.77%

+11.46%

Dividends

FRES.L vs. SVR.TO - Dividend Comparison

FRES.L's dividend yield for the trailing twelve months is around 3.47%, while SVR.TO has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
FRES.L
Fresnillo plc		3.47%2.00%1.36%1.98%2.44%2.66%1.00%2.35%3.49%1.73%
SVR.TO
iShares Silver Bullion ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FRES.L and SVR.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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