FVI.TO vs. AG
Compare and contrast key facts about Fortuna Silver Mines Inc. (FVI.TO) and First Majestic Silver Corp. (AG).
Performance
FVI.TO vs. AG - Performance Comparison
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FVI.TO vs. AG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVI.TO Fortuna Silver Mines Inc. | 2.83% | 117.99% | 20.98% | 0.20% | 3.04% | -52.77% | 97.73% | 5.80% | -23.78% | -13.57% |
AG First Majestic Silver Corp. | 30.71% | 190.36% | -2.77% | -27.62% | -19.37% | -17.99% | 7.77% | 97.92% | -5.20% | -17.29% |
Different Trading Currencies
FVI.TO is traded in CAD, while AG is traded in USD. To make them comparable, the AG values have been converted to CAD using the latest available exchange rates.
Fundamentals
FVI.TO:
CA$4.23B
AG:
$10.55B
FVI.TO:
CA$0.91
AG:
$0.35
FVI.TO:
15.18
AG:
60.52
FVI.TO:
0.21
AG:
1.08
FVI.TO:
4.19
AG:
8.31
FVI.TO:
2.53
AG:
3.83
FVI.TO:
CA$1.04B
AG:
$1.27B
FVI.TO:
CA$502.09M
AG:
$450.52M
FVI.TO:
CA$670.30M
AG:
$629.18M
Returns By Period
In the year-to-date period, FVI.TO achieves a 2.83% return, which is significantly lower than AG's 30.71% return. Over the past 10 years, FVI.TO has underperformed AG with an annualized return of 10.56%, while AG has yielded a comparatively higher 13.59% annualized return.
FVI.TO
- 1D
- 6.06%
- 1M
- -25.80%
- YTD
- 2.83%
- 6M
- 11.00%
- 1Y
- 58.06%
- 3Y*
- 39.00%
- 5Y*
- 10.30%
- 10Y*
- 10.56%
AG
- 1D
- 9.19%
- 1M
- -31.57%
- YTD
- 30.71%
- 6M
- 74.74%
- 1Y
- 211.01%
- 3Y*
- 45.69%
- 5Y*
- 8.00%
- 10Y*
- 13.59%
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Return for Risk
FVI.TO vs. AG — Risk / Return Rank
FVI.TO
AG
FVI.TO vs. AG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortuna Silver Mines Inc. (FVI.TO) and First Majestic Silver Corp. (AG). 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 | AG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 2.88 | -1.90 |
Sortino ratioReturn per unit of downside risk | 1.54 | 3.03 | -1.49 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 4.92 | -3.34 |
Martin ratioReturn relative to average drawdown | 5.26 | 15.68 | -10.42 |
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 | AG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.88 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.14 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.23 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.10 | -0.08 |
Correlation
The correlation between FVI.TO and AG is 0.75, 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.
Dividends
FVI.TO vs. AG - Dividend Comparison
FVI.TO has not paid dividends to shareholders, while AG's dividend yield for the trailing twelve months is around 0.11%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FVI.TO Fortuna Silver Mines Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AG First Majestic Silver Corp. | 0.11% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% |
Drawdowns
FVI.TO vs. AG - Drawdown Comparison
The maximum FVI.TO drawdown since its inception was -96.00%, which is greater than AG's maximum drawdown of -85.18%. Use the drawdown chart below to compare losses from any high point for FVI.TO and AG.
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Drawdown Indicators
| FVI.TO | AG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.00% | -90.20% | -5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -36.70% | -42.92% | +6.22% |
Max Drawdown (5Y)Largest decline over 5 years | -71.41% | -77.20% | +5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -79.07% | -80.82% | +1.75% |
Current DrawdownCurrent decline from peak | -25.80% | -32.90% | +7.10% |
Average DrawdownAverage peak-to-trough decline | -54.80% | -59.48% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.00% | 13.13% | -2.13% |
Volatility
FVI.TO vs. AG - Volatility Comparison
The current volatility for Fortuna Silver Mines Inc. (FVI.TO) is 19.69%, while First Majestic Silver Corp. (AG) has a volatility of 25.19%. This indicates that FVI.TO experiences smaller price fluctuations and is considered to be less risky than AG 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 | AG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.69% | 25.19% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 44.74% | 58.65% | -13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.53% | 73.83% | -14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.81% | 58.88% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.99% | 60.44% | -2.45% |
Financials
FVI.TO vs. AG - Financials Comparison
This section allows you to compare key financial metrics between Fortuna Silver Mines Inc. and First Majestic Silver Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FVI.TO vs. AG - Profitability Comparison
FVI.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fortuna Silver Mines Inc. reported a gross profit of 148.06M and revenue of 272.03M. Therefore, the gross margin over that period was 54.4%.
AG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, First Majestic Silver Corp. reported a gross profit of 238.28M and revenue of 471.05M. Therefore, the gross margin over that period was 50.6%.
FVI.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fortuna Silver Mines Inc. reported an operating income of 121.35M and revenue of 272.03M, resulting in an operating margin of 44.6%.
AG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, First Majestic Silver Corp. reported an operating income of 213.49M and revenue of 471.05M, resulting in an operating margin of 45.3%.
FVI.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fortuna Silver Mines Inc. reported a net income of 69.11M and revenue of 272.03M, resulting in a net margin of 25.4%.
AG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, First Majestic Silver Corp. reported a net income of 84.41M and revenue of 471.05M, resulting in a net margin of 17.9%.