FVI.TO vs. ^TNX
FVI.TO (Fortuna Silver Mines Inc.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, FVI.TO returned 4.98%/yr vs 10.95%/yr for ^TNX. At a correlation of -0.16, 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 -2.30% return, which is significantly lower than ^TNX's 9.25% return. Over the past 10 years, FVI.TO has underperformed ^TNX with an annualized return of 4.98%, while ^TNX has yielded a comparatively higher 10.95% annualized return.
FVI.TO
- 1D
- 0.38%
- 1M
- 4.45%
- YTD
- -2.30%
- 6M
- 1.23%
- 1Y
- 42.52%
- 3Y*
- 40.48%
- 5Y*
- 9.78%
- 10Y*
- 4.98%
^TNX
- 1D
- 0.00%
- 1M
- 3.77%
- YTD
- 9.25%
- 6M
- 8.84%
- 1Y
- 4.53%
- 3Y*
- 7.92%
- 5Y*
- 27.08%
- 10Y*
- 10.95%
FVI.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVI.TO Fortuna Silver Mines Inc. | -2.30% | 117.99% | 20.98% | 0.20% | 3.04% | -52.77% | 97.73% | 5.80% | -23.78% | -13.57% |
^TNX Treasury Yield 10 Years | 9.02% | -13.14% | 28.45% | -2.53% | 174.83% | 63.40% | -53.02% | -32.07% | 21.16% | -7.94% |
Correlation
The correlation between FVI.TO and ^TNX is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2009 | -0.16 |
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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 Treasury Yield 10 Years (^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.
| FVI.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.06 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.36 | +0.80 |
| Martin ratioReturn relative to average drawdown | 2.83 | 0.73 | +2.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FVI.TO | ^TNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.27 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.82 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.23 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.05 | -0.03 |
Drawdowns
FVI.TO vs. ^TNX - Drawdown Comparison
The maximum FVI.TO drawdown since its inception was -96.00%, which is greater than ^TNX's maximum drawdown of -83.97%. 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 | -96.00% | -83.97% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -36.70% | -12.47% | -24.23% |
Max Drawdown (3Y)Largest decline over 3 years | -36.70% | -28.10% | -8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -65.54% | -28.10% | -37.44% |
Max Drawdown (10Y)Largest decline over 10 years | -79.07% | -83.93% | +4.86% |
Current DrawdownCurrent decline from peak | -29.51% | -9.63% | -19.88% |
Average DrawdownAverage peak-to-trough decline | -54.64% | -32.51% | -22.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.06% | 6.24% | +8.82% |
Volatility
FVI.TO vs. ^TNX - Volatility Comparison
Fortuna Silver Mines Inc. (FVI.TO) has a higher volatility of 15.86% compared to Treasury Yield 10 Years (^TNX) at 5.21%. 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 | 15.86% | 5.21% | +10.65% |
Volatility (6M)Calculated over the trailing 6-month period | 42.85% | 11.59% | +31.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.38% | 17.01% | +39.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.12% | 33.36% | +21.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.33% | 48.25% | +9.08% |
Frequently Asked Questions
FVI.TO and ^TNX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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