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FSM vs. GDXJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSM and GDXJ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

FSM vs. GDXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortuna Silver Mines Inc. (FSM) and VanEck Vectors Junior Gold Miners ETF (GDXJ). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%AugustSeptemberOctoberNovemberDecember2025
-15.34%
2.84%
FSM
GDXJ

Key characteristics

Sharpe Ratio

FSM:

0.37

GDXJ:

1.13

Sortino Ratio

FSM:

0.91

GDXJ:

1.67

Omega Ratio

FSM:

1.11

GDXJ:

1.20

Calmar Ratio

FSM:

0.28

GDXJ:

0.52

Martin Ratio

FSM:

1.02

GDXJ:

4.51

Ulcer Index

FSM:

19.59%

GDXJ:

8.92%

Daily Std Dev

FSM:

53.63%

GDXJ:

35.50%

Max Drawdown

FSM:

-92.25%

GDXJ:

-88.66%

Current Drawdown

FSM:

-55.45%

GDXJ:

-65.11%

Returns By Period

In the year-to-date period, FSM achieves a -0.93% return, which is significantly lower than GDXJ's 7.65% return. Over the past 10 years, FSM has underperformed GDXJ with an annualized return of -1.21%, while GDXJ has yielded a comparatively higher 5.99% annualized return.


FSM

YTD

-0.93%

1M

-1.62%

6M

-15.34%

1Y

40.73%

5Y*

1.90%

10Y*

-1.21%

GDXJ

YTD

7.65%

1M

7.21%

6M

2.84%

1Y

39.29%

5Y*

3.91%

10Y*

5.99%

*Annualized

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Risk-Adjusted Performance

FSM vs. GDXJ — Risk-Adjusted Performance Rank

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

FSM
The Risk-Adjusted Performance Rank of FSM is 5858
Overall Rank
The Sharpe Ratio Rank of FSM is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of FSM is 5757
Sortino Ratio Rank
The Omega Ratio Rank of FSM is 5555
Omega Ratio Rank
The Calmar Ratio Rank of FSM is 5858
Calmar Ratio Rank
The Martin Ratio Rank of FSM is 5858
Martin Ratio Rank

GDXJ
The Risk-Adjusted Performance Rank of GDXJ is 3939
Overall Rank
The Sharpe Ratio Rank of GDXJ is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of GDXJ is 4242
Sortino Ratio Rank
The Omega Ratio Rank of GDXJ is 4040
Omega Ratio Rank
The Calmar Ratio Rank of GDXJ is 2626
Calmar Ratio Rank
The Martin Ratio Rank of GDXJ is 4343
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FSM vs. GDXJ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortuna Silver Mines Inc. (FSM) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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.


Sharpe ratio
The chart of Sharpe ratio for FSM, currently valued at 0.37, compared to the broader market-2.000.002.004.000.371.13
The chart of Sortino ratio for FSM, currently valued at 0.91, compared to the broader market-4.00-2.000.002.004.000.911.67
The chart of Omega ratio for FSM, currently valued at 1.11, compared to the broader market0.501.001.502.001.111.20
The chart of Calmar ratio for FSM, currently valued at 0.28, compared to the broader market0.002.004.006.000.280.52
The chart of Martin ratio for FSM, currently valued at 1.02, compared to the broader market-10.000.0010.0020.0030.001.024.51
FSM
GDXJ

The current FSM Sharpe Ratio is 0.37, which is lower than the GDXJ Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of FSM and GDXJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50AugustSeptemberOctoberNovemberDecember2025
0.37
1.13
FSM
GDXJ

Dividends

FSM vs. GDXJ - Dividend Comparison

FSM has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 2.42%.


TTM20242023202220212020201920182017201620152014
FSM
Fortuna Silver Mines Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GDXJ
VanEck Vectors Junior Gold Miners ETF
2.42%2.61%0.72%0.51%1.78%1.58%0.39%0.45%0.03%4.78%0.72%0.74%

Drawdowns

FSM vs. GDXJ - Drawdown Comparison

The maximum FSM drawdown since its inception was -92.25%, roughly equal to the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for FSM and GDXJ. For additional features, visit the drawdowns tool.


-70.00%-65.00%-60.00%-55.00%-50.00%-45.00%AugustSeptemberOctoberNovemberDecember2025
-55.45%
-65.11%
FSM
GDXJ

Volatility

FSM vs. GDXJ - Volatility Comparison

Fortuna Silver Mines Inc. (FSM) has a higher volatility of 14.33% compared to VanEck Vectors Junior Gold Miners ETF (GDXJ) at 9.24%. This indicates that FSM's price experiences larger fluctuations and is considered to be riskier than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%18.00%AugustSeptemberOctoberNovemberDecember2025
14.33%
9.24%
FSM
GDXJ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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