FVI.TO vs. ^TNX
FVI.TO (Fortuna Silver Mines Inc.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, FVI.TO returned 3.75%/yr vs 11.93%/yr for ^TNX. At a correlation of -0.10, they often move in opposite directions.
Performance
FVI.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
FVI.TO is traded in CAD, while ^TNX is traded in USD. To make them comparable, the ^TNX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FVI.TO achieves a -12.19% return, which is significantly lower than ^TNX's 9.72% return. Over the past 10 years, FVI.TO has underperformed ^TNX with an annualized return of 3.75%, while ^TNX has yielded a comparatively higher 11.93% annualized return.
FVI.TO
- 1D
- -3.28%
- 1M
- -12.00%
- YTD
- -12.19%
- 6M
- -14.54%
- 1Y
- 32.85%
- 3Y*
- 42.87%
- 5Y*
- 11.32%
- 10Y*
- 3.75%
^TNX
- 1D
- -0.33%
- 1M
- -0.38%
- YTD
- 9.72%
- 6M
- 10.51%
- 1Y
- 6.13%
- 3Y*
- 8.37%
- 5Y*
- 27.01%
- 10Y*
- 11.93%
FVI.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVI.TO Fortuna Silver Mines Inc. | -12.19% | 117.99% | 20.98% | 0.20% | 3.04% | -52.77% | 97.73% | 5.80% | -23.78% | -13.57% |
^TNX Cboe 10-Year Treasury Note Yield Index | 9.72% | -13.12% | 28.30% | -2.71% | 172.80% | 64.80% | -53.35% | -31.50% | 21.07% | -8.33% |
Correlation
The correlation between FVI.TO and ^TNX is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2006 | -0.10 |
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Return for Risk
FVI.TO vs. ^TNX — Risk / Return Rank
FVI.TO
^TNX
FVI.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortuna Silver Mines Inc. (FVI.TO) and Cboe 10-Year Treasury Note Yield Index (^TNX). 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.
| FVI.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.52 | +0.32 |
| Martin ratioReturn relative to average drawdown | 1.99 | 1.05 | +0.94 |
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Drawdowns
FVI.TO vs. ^TNX - Drawdown Comparison
The maximum FVI.TO drawdown since its inception was -89.18%, roughly equal to the maximum ^TNX drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for FVI.TO and ^TNX.
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Drawdown Indicators
| FVI.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.18% | -89.94% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -39.27% | -11.93% | -27.34% |
Max Drawdown (3Y)Largest decline over 3 years | -39.27% | -28.13% | -11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -58.76% | -28.13% | -30.63% |
Max Drawdown (10Y)Largest decline over 10 years | -79.07% | -83.97% | +4.90% |
Current DrawdownCurrent decline from peak | -36.64% | -9.65% | -26.99% |
Average DrawdownAverage peak-to-trough decline | -41.45% | -44.75% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.52% | 5.88% | +10.64% |
Volatility
FVI.TO vs. ^TNX - Volatility Comparison
Fortuna Silver Mines Inc. (FVI.TO) has a higher volatility of 16.66% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 3.46%. This indicates that FVI.TO's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVI.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.66% | 3.46% | +13.20% |
Volatility (6M)Calculated over the trailing 6-month period | 44.92% | 11.41% | +33.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.36% | 15.39% | +41.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.43% | 32.84% | +22.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.46% | 48.55% | +8.91% |
Frequently Asked Questions
FVI.TO and ^TNX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for FVI.TO and ^TNX
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