SIL vs. FMST

Last updated Aug 2, 2026

SIL (Global X Silver Miners ETF) is Silver fund tracking the Solactive Global Silver Miners Total Return Index, while FMST (Foremost Lithium Resource & Technology Ltd. Common stock) is a stock. Over the past year, SIL returned 56.89% vs -43.44% for FMST. Their 0.24 correlation means their historical movements had little consistent relationship.

Performance

SIL vs. FMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Silver Miners ETF (SIL) and Foremost Lithium Resource & Technology Ltd. Common stock (FMST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIL achieves a -11.58% return, which is significantly higher than FMST's -34.91% return.

SIL

• 1D: -3.20%
• 1M: -8.04%
• 6M: -21.68%
• YTD: -11.58%
• 1Y: 56.89%
• 3Y*: 42.08%
• 5Y*: 13.15%
• 10Y*: 5.01%
• ALL TIME*: 4.29%

FMST

• 1D: -4.17%
• 1M: -8.61%
• 6M: -27.75%
• YTD: -34.91%
• 1Y: -43.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -7.08%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMST Foremost Lithium Resource & Technology Ltd. Common stock	$265.34K	$335.49K	$215.67K
SIL Global X Silver Miners ETF	$67.23M	$68.26M	$119.44M

SIL vs. FMST - Yearly Performance Comparison

	2026 (YTD)	2025
SIL Global X Silver Miners ETF	-11.58%	139.75%
FMST Foremost Lithium Resource & Technology Ltd. Common stock	-34.91%	37.66%

Correlation

The correlation between SIL and FMST is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (All Time) Calculated using the full available price history since Jan 31, 2025	0.24

The correlation between SIL and FMST shifts across timeframes, from 0.24 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SIL vs. FMST — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SIL

SIL Risk / Return Rank: 41
SIL Sharpe Ratio Rank: 44
SIL Sortino Ratio Rank: 43
SIL Omega Ratio Rank: 45
SIL Calmar Ratio Rank: 41
SIL Martin Ratio Rank: 33

FMST

FMST Risk / Return Rank: 23
FMST Sharpe Ratio Rank: 22
FMST Sortino Ratio Rank: 26
FMST Omega Ratio Rank: 27
FMST Calmar Ratio Rank: 18
FMST Martin Ratio Rank: 22

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SIL vs. FMST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Foremost Lithium Resource & Technology Ltd. Common stock (FMST). 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.

	SIL	FMST	Difference
Sharpe ratio: Return per unit of total volatility	1.09	-0.49	+1.57
Sortino ratio: Return per unit of downside risk	1.56	-0.30	+1.85
Omega ratio: Gain probability vs. loss probability	1.21	0.97	+0.24
Calmar ratio: Return relative to maximum drawdown	1.47	-0.69	+2.16
Martin ratio: Return relative to average drawdown	3.10	-1.01	+4.10

SIL vs. FMST - Sharpe Ratio Comparison

The current SIL Sharpe Ratio is 1.09, which is higher than the FMST Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of SIL and FMST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIL vs. FMST - Drawdown Comparison

The maximum SIL drawdown since its inception was -82.99%, which is greater than FMST's maximum drawdown of -74.63%. Use the drawdown chart below to compare losses from any high point for SIL and FMST.

Drawdown Indicators

	SIL	FMST	Difference
Max Drawdown Largest peak-to-trough decline	-82.99%	-74.63%	-8.36%
Max Drawdown (1Y) Largest decline over 1 year	-39.41%	-68.02%	+28.61%
Max Drawdown (3Y) Largest decline over 3 years	-39.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-47.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.04%	—	—
Current Drawdown Current decline from peak	-37.43%	-74.54%	+37.11%
Average Drawdown Average peak-to-trough decline	-51.27%	-50.74%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.68%	46.52%	-27.84%

Volatility

SIL vs. FMST - Volatility Comparison

The current volatility for Global X Silver Miners ETF (SIL) is 13.26%, while Foremost Lithium Resource & Technology Ltd. Common stock (FMST) has a volatility of 34.12%. This indicates that SIL experiences smaller price fluctuations and is considered to be less risky than FMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIL	FMST	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.26%	34.12%	-20.86%
Volatility (6M) Calculated over the trailing 6-month period	43.94%	64.41%	-20.47%
Volatility (1Y) Calculated over the trailing 1-year period	53.41%	97.03%	-43.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.12%	119.01%	-78.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.80%	119.01%	-79.21%

Dividends

SIL vs. FMST - Dividend Comparison

SIL's dividend yield for the trailing twelve months is around 1.38%, while FMST has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMST Foremost Lithium Resource & Technology Ltd. Common stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SIL Global X Silver Miners ETF	1.38%	1.18%	2.40%	0.59%	0.48%	1.59%	1.92%	1.53%	1.21%	0.02%	3.34%	0.38%

Frequently Asked Questions

Can I hold both SIL and FMST in my portfolio?

SIL and FMST have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIL or FMST?

FMST has higher volatility (34.12%) compared to SIL (13.26%). In terms of maximum drawdown, SIL dropped -82.99% vs FMST's -74.63%.

Which has better risk-adjusted returns?

SIL currently has the higher Sharpe Ratio (1.09 vs -0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.