FVI.TO vs. SBI.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fortuna Silver Mines Inc. (FVI.TO) and Serabi Gold plc (SBI.TO).

Performance

FVI.TO vs. SBI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fortuna Silver Mines Inc. (FVI.TO) and Serabi Gold plc (SBI.TO). The values are adjusted to include any dividend payments, if applicable.

FVI.TO vs. SBI.TO - 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%
SBI.TO Serabi Gold plc	-14.29%	196.02%	191.30%	53.33%	-51.61%	-41.51%	30.33%	106.78%	-50.83%	-14.29%

Fundamentals

Market Cap FVI.TO : CA$4.23B SBI.TO : CA$386.25M
EPS FVI.TO : CA$0.91 SBI.TO : CA$0.67
PE Ratio FVI.TO : 15.18 SBI.TO : 7.56
PEG Ratio FVI.TO : 0.21 SBI.TO : 0.08
PS Ratio FVI.TO : 4.19 SBI.TO : 2.66
PB Ratio FVI.TO : 2.53 SBI.TO : 2.50
Total Revenue (TTM) FVI.TO : CA$1.04B SBI.TO : CA$145.09M
Gross Profit (TTM) FVI.TO : CA$502.09M SBI.TO : CA$62.30M
EBITDA (TTM) FVI.TO : CA$670.30M SBI.TO : CA$70.41M

Returns By Period

In the year-to-date period, FVI.TO achieves a 2.83% return, which is significantly higher than SBI.TO's -14.29% return. Over the past 10 years, FVI.TO has underperformed SBI.TO with an annualized return of 10.56%, while SBI.TO has yielded a comparatively higher 12.29% 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%

SBI.TO

• 1D: 4.08%
• 1M: -22.37%
• YTD: -14.29%
• 6M: 0.79%
• 1Y: 77.08%
• 3Y*: 124.62%
• 5Y*: 34.94%
• 10Y*: 12.29%

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

Return for Risk

FVI.TO vs. SBI.TO — Risk / Return Rank

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

FVI.TO

FVI.TO Risk / Return Rank: 72
FVI.TO Sharpe Ratio Rank: 74
FVI.TO Sortino Ratio Rank: 69
FVI.TO Omega Ratio Rank: 70
FVI.TO Calmar Ratio Rank: 72
FVI.TO Martin Ratio Rank: 78

SBI.TO

SBI.TO Risk / Return Rank: 80
SBI.TO Sharpe Ratio Rank: 80
SBI.TO Sortino Ratio Rank: 76
SBI.TO Omega Ratio Rank: 72
SBI.TO Calmar Ratio Rank: 85
SBI.TO Martin Ratio Rank: 85

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.

FVI.TO vs. SBI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortuna Silver Mines Inc. (FVI.TO) and Serabi Gold plc (SBI.TO). 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	SBI.TO	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.25	-0.27
Sortino ratio Return per unit of downside risk	1.54	1.89	-0.35
Omega ratio Gain probability vs. loss probability	1.21	1.23	-0.01
Calmar ratio Return relative to maximum drawdown	1.58	2.87	-1.29
Martin ratio Return relative to average drawdown	5.26	8.00	-2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVI.TO vs. SBI.TO - Sharpe Ratio Comparison

The current FVI.TO Sharpe Ratio is 0.98, which is comparable to the SBI.TO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of FVI.TO and SBI.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FVI.TO	SBI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.25	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.48	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.15	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	-0.04	+0.06

Correlation

The correlation between FVI.TO and SBI.TO is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FVI.TO vs. SBI.TO - Dividend Comparison

Neither FVI.TO nor SBI.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FVI.TO vs. SBI.TO - Drawdown Comparison

The maximum FVI.TO drawdown since its inception was -96.00%, roughly equal to the maximum SBI.TO drawdown of -97.18%. Use the drawdown chart below to compare losses from any high point for FVI.TO and SBI.TO.

Drawdown Indicators

	FVI.TO	SBI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-96.00%	-97.18%	+1.18%
Max Drawdown (1Y) Largest decline over 1 year	-36.70%	-30.99%	-5.71%
Max Drawdown (5Y) Largest decline over 5 years	-71.41%	-79.19%	+7.78%
Max Drawdown (10Y) Largest decline over 10 years	-79.07%	-87.08%	+8.01%
Current Drawdown Current decline from peak	-25.80%	-53.64%	+27.84%
Average Drawdown Average peak-to-trough decline	-54.80%	-82.86%	+28.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.00%	11.11%	-0.11%

Volatility

FVI.TO vs. SBI.TO - Volatility Comparison

Fortuna Silver Mines Inc. (FVI.TO) and Serabi Gold plc (SBI.TO) have volatilities of 19.69% and 20.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVI.TO	SBI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.69%	20.65%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	44.74%	47.63%	-2.89%
Volatility (1Y) Calculated over the trailing 1-year period	59.53%	62.20%	-2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.81%	73.41%	-17.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.99%	83.27%	-25.28%

Financials

FVI.TO vs. SBI.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Fortuna Silver Mines Inc. and Serabi Gold plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

SBI.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Serabi Gold plc reported a gross profit of 21.58M and revenue of 58.31M. Therefore, the gross margin over that period was 37.0%.

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%.

SBI.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Serabi Gold plc reported an operating income of 26.10M and revenue of 58.31M, resulting in an operating margin of 44.8%.

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%.

SBI.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Serabi Gold plc reported a net income of 22.20M and revenue of 58.31M, resulting in a net margin of 38.1%.