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SVR-C.TO vs. FMV.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SVR-C.TO vs. FMV.DE

Last updated Jul 1, 2026
See Documentation

SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) is Silver fund tracking the LBMA Silver Price, while FMV.DE (First Majestic Silver Corp) is a stock. Over the past 10 years, SVR-C.TO returned 12.54%/yr vs 2.79%/yr for FMV.DE. At a 0.43 correlation, their price movements are largely independent.

Performance

SVR-C.TO vs. FMV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) and First Majestic Silver Corp (FMV.DE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SVR-C.TO is traded in CAD, while FMV.DE is traded in EUR. To make them comparable, the FMV.DE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SVR-C.TO achieves a -14.35% return, which is significantly lower than FMV.DE's 2.66% return. Over the past 10 years, SVR-C.TO has outperformed FMV.DE with an annualized return of 12.54%, while FMV.DE has yielded a comparatively lower 2.79% annualized return.

SVR-C.TO

1D
1.87%
1M
-19.40%
YTD
-14.35%
6M
-19.83%
1Y
70.15%
3Y*
39.87%
5Y*
20.27%
10Y*
12.54%

FMV.DE

1D
2.83%
1M
-15.75%
YTD
2.66%
6M
2.66%
1Y
118.65%
3Y*
49.70%
5Y*
5.02%
10Y*
2.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SVR-C.TO vs. FMV.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SVR-C.TO
iShares Silver Bullion ETF (Non-Hedged)		-14.35%132.91%30.61%-2.65%9.69%-13.03%43.88%9.28%-2.35%-2.30%
FMV.DE
First Majestic Silver Corp		2.66%199.82%-3.11%-28.73%-17.44%-14.43%2.90%99.52%-9.78%-22.09%

Correlation

The correlation between SVR-C.TO and FMV.DE is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2012

0.43

Over the past year, SVR-C.TO and FMV.DE have become more correlated (0.64) than their long-term average of 0.43, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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iShares Silver Bullion ETF (Non-Hedged)

First Majestic Silver Corp

Often compared with SVR-C.TO:
SVR-C.TO vs. SVR.TOSVR-C.TO vs. PSLV.TOSVR-C.TO vs. MNS.TOSVR-C.TO vs. SBT.TOSVR-C.TO vs. HUG.TOSVR-C.TO vs. CGL.TOSVR-C.TO vs. GDX
Often compared with FMV.DE:
FMV.DE vs. SAFMV.DE vs. SILJFMV.DE vs. SLVPFMV.DE vs. STTKFMV.DE vs. KFFMV.DE vs. AII.TOFMV.DE vs. AGMI

Return for Risk

SVR-C.TO vs. FMV.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SVR-C.TO
SVR-C.TO Risk / Return Rank: 3434
Overall Rank
SVR-C.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
SVR-C.TO Sortino Ratio Rank: 3232
Sortino Ratio Rank
SVR-C.TO Omega Ratio Rank: 4444
Omega Ratio Rank
SVR-C.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
SVR-C.TO Martin Ratio Rank: 2525
Martin Ratio Rank
FMV.DE
FMV.DE Risk / Return Rank: 8181
Overall Rank
FMV.DE Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FMV.DE Sortino Ratio Rank: 8181
Sortino Ratio Rank
FMV.DE Omega Ratio Rank: 7777
Omega Ratio Rank
FMV.DE Calmar Ratio Rank: 8181
Calmar Ratio Rank
FMV.DE Martin Ratio Rank: 7979
Martin Ratio Rank
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.

SVR-C.TO vs. FMV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) 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.

SVR-C.TOFMV.DEDifference
Sharpe ratioReturn per unit of total volatility
1.20
1.61

-0.40

Sortino ratioReturn per unit of downside risk
1.58
2.20

-0.62

Omega ratioGain probability vs. loss probability

1.25

1.26

-0.01

Calmar ratioReturn relative to maximum drawdown

1.44

2.45

-1.00

Martin ratioReturn relative to average drawdown

3.11

5.32

-2.21

SVR-C.TO vs. FMV.DE - Sharpe Ratio Comparison

The current SVR-C.TO Sharpe Ratio is 1.20, which is comparable to the FMV.DE Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of SVR-C.TO and FMV.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SVR-C.TO vs. FMV.DE - Drawdown Comparison

The maximum SVR-C.TO drawdown since its inception was -53.26%, smaller than the maximum FMV.DE drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and FMV.DE.

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Drawdown Indicators

SVR-C.TOFMV.DEDifference

Max Drawdown

Largest peak-to-trough decline

-53.26%

-85.76%

+32.50%

Max Drawdown (1Y)

Largest decline over 1 year

-48.86%

-48.23%

-0.63%

Max Drawdown (3Y)

Largest decline over 3 years

-48.86%

-48.23%

-0.63%

Max Drawdown (5Y)

Largest decline over 5 years

-48.86%

-70.16%

+21.30%

Max Drawdown (10Y)

Largest decline over 10 years

-48.86%

-78.44%

+29.58%

Current Drawdown

Current decline from peak

-47.01%

-43.78%

-3.23%

Average Drawdown

Average peak-to-trough decline

-28.94%

-48.52%

+19.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

22.60%

22.20%

+0.40%

Volatility

SVR-C.TO vs. FMV.DE - Volatility Comparison

The current volatility for iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) is 15.32%, while First Majestic Silver Corp (FMV.DE) has a volatility of 23.87%. This indicates that SVR-C.TO 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

SVR-C.TOFMV.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.32%

23.87%

-8.55%

Volatility (6M)

Calculated over the trailing 6-month period

56.48%

57.50%

-1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

58.58%

73.47%

-14.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.84%

61.18%

-25.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.73%

60.51%

-28.78%

Dividends

SVR-C.TO vs. FMV.DE - Dividend Comparison

SVR-C.TO has not paid dividends to shareholders, while FMV.DE's dividend yield for the trailing twelve months is around 0.21%.

PositionTTM20252024202320222021
FMV.DE
First Majestic Silver Corp		0.21%0.12%0.33%0.37%0.33%0.16%
SVR-C.TO
iShares Silver Bullion ETF (Non-Hedged)		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SVR-C.TO and FMV.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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