SIVR vs. FMV.DE
SIVR (abrdn Physical Silver Shares ETF) is Silver fund tracking the LBMA Silver Price ($/ozt), while FMV.DE (First Majestic Silver Corp) is a stock. Over the past 10 years, SIVR returned 11.29%/yr vs 1.85%/yr for FMV.DE. At a 0.49 correlation, their price movements are largely independent.
Performance
SIVR vs. FMV.DE - Performance Comparison
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Different Trading Currencies
SIVR is traded in USD, while FMV.DE is traded in EUR. To make them comparable, the FMV.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SIVR achieves a -16.88% return, which is significantly lower than FMV.DE's -1.11% return. Over the past 10 years, SIVR has outperformed FMV.DE with an annualized return of 11.29%, while FMV.DE has yielded a comparatively lower 1.85% annualized return.
SIVR
- 1D
- 1.59%
- 1M
- -21.69%
- YTD
- -16.88%
- 6M
- -22.35%
- 1Y
- 63.38%
- 3Y*
- 37.03%
- 5Y*
- 17.50%
- 10Y*
- 11.29%
FMV.DE
- 1D
- 2.69%
- 1M
- -18.28%
- YTD
- -1.11%
- 6M
- -1.11%
- 1Y
- 110.53%
- 3Y*
- 46.25%
- 5Y*
- 2.18%
- 10Y*
- 1.85%
SIVR vs. FMV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -16.88% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
FMV.DE First Majestic Silver Corp | -1.11% | 215.51% | -11.01% | -27.00% | -22.13% | -14.17% | 4.91% | 107.84% | -16.76% | -16.43% |
Correlation
The correlation between SIVR and FMV.DE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.49 |
The correlation between SIVR and FMV.DE shifts across timeframes, from 0.49 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIVR vs. FMV.DE — Risk / Return Rank
SIVR
FMV.DE
SIVR vs. FMV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and First Majestic Silver Corp (FMV.DE). 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.
| SIVR | FMV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.23 | -0.98 |
| Martin ratioReturn relative to average drawdown | 2.77 | 4.89 | -2.12 |
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Drawdowns
SIVR vs. FMV.DE - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, smaller than the maximum FMV.DE drawdown of -90.62%. Use the drawdown chart below to compare losses from any high point for SIVR and FMV.DE.
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Drawdown Indicators
| SIVR | FMV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -90.62% | +14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -50.92% | -49.26% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -50.92% | -49.26% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -50.92% | -72.41% | +21.49% |
Max Drawdown (10Y)Largest decline over 10 years | -50.92% | -79.49% | +28.57% |
Current DrawdownCurrent decline from peak | -49.29% | -45.89% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -47.83% | -55.70% | +7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.98% | 22.52% | +0.46% |
Volatility
SIVR vs. FMV.DE - Volatility Comparison
The current volatility for abrdn Physical Silver Shares ETF (SIVR) is 15.69%, while First Majestic Silver Corp (FMV.DE) has a volatility of 24.06%. This indicates that SIVR experiences smaller price fluctuations and is considered to be less risky than FMV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | FMV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 24.06% | -8.37% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 57.92% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.71% | 74.03% | -13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.77% | 61.41% | -24.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.16% | 60.75% | -28.59% |
Dividends
SIVR vs. FMV.DE - Dividend Comparison
SIVR has not paid dividends to shareholders, while FMV.DE's dividend yield for the trailing twelve months is around 0.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FMV.DE First Majestic Silver Corp | 0.21% | 0.12% | 0.33% | 0.37% | 0.33% | 0.16% |
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIVR and FMV.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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