FSM vs. SILV

Last updated Jun 23, 2026

FSM (Fortuna Silver Mines Inc.) and SILV (SilverCrest Metals Inc) are both stocks. Both are in the Basic Materials sector — FSM in Silver, SILV in Other Precious Metals & Mining. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

FSM vs. SILV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortuna Silver Mines Inc. (FSM) and SilverCrest Metals Inc (SILV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSM

• 1D: -2.27%
• 1M: -3.21%
• YTD: -7.75%
• 6M: -11.01%
• 1Y: 36.09%
• 3Y*: 43.54%
• 5Y*: 9.76%
• 10Y*: 3.71%

SILV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSM vs. SILV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSM Fortuna Silver Mines Inc.	-7.75%	128.67%	11.14%	2.93%	-3.85%	-52.67%	101.96%	12.09%	-30.27%	-7.61%
SILV SilverCrest Metals Inc	0.00%	26.92%	38.93%	9.17%	-24.15%	-29.25%	65.88%	130.03%	106.34%	-19.69%

Correlation

The correlation between FSM and SILV is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Oct 26, 2015	0.53

The correlation between FSM and SILV shifts across timeframes, from 0.50 (3 years) to 0.65 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) FSM : $1.10B SILV : $279.47M
Gross Profit (TTM) FSM : $598.05M SILV : $162.86M
EBITDA (TTM) FSM : $743.42M SILV : $167.82M

Return for Risk

FSM vs. SILV — Risk / Return Rank

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

FSM

FSM Risk / Return Rank: 61
FSM Sharpe Ratio Rank: 63
FSM Sortino Ratio Rank: 59
FSM Omega Ratio Rank: 59
FSM Calmar Ratio Rank: 61
FSM Martin Ratio Rank: 63

SILV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FSM vs. SILV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortuna Silver Mines Inc. (FSM) and SilverCrest Metals Inc (SILV). 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.

	FSM	SILV	Difference
Sharpe ratio: Return per unit of total volatility	0.62	—	—
Sortino ratio: Return per unit of downside risk	1.16	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.89	—	—
Martin ratio: Return relative to average drawdown	2.19	—	—

Drawdowns

Drawdown Indicators

	FSM	SILV	Difference
Max Drawdown Largest peak-to-trough decline	-92.25%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-40.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.07%	—	—
Current Drawdown Current decline from peak	-33.75%	—	—
Average Drawdown Average peak-to-trough decline	-45.14%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	16.51%	—	—

Volatility

Volatility by Period

	FSM	SILV	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.19%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.53%	—	—

Dividends

FSM vs. SILV - Dividend Comparison

Neither FSM nor SILV has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both FSM and SILV in my portfolio?

FSM and SILV have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.