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XEG.TO vs. FVI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEG.TO vs. FVI.TO

Last updated Jun 4, 2026

XEG.TO (iShares S&P/TSX Capped Energy Index ETF) is Energy Equities fund tracking the S&P/TSX Capped Energy Index, while FVI.TO (Fortuna Silver Mines Inc.) is a stock. Over the past 10 years, XEG.TO returned 11.85%/yr vs 4.98%/yr for FVI.TO. At a 0.20 correlation, their price movements are largely independent.

Performance

XEG.TO vs. FVI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and Fortuna Silver Mines Inc. (FVI.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XEG.TO achieves a 44.34% return, which is significantly higher than FVI.TO's -2.68% return. Over the past 10 years, XEG.TO has outperformed FVI.TO with an annualized return of 11.85%, while FVI.TO has yielded a comparatively lower 4.98% annualized return.

XEG.TO

1D
1.17%
1M
-0.04%
YTD
44.34%
6M
39.73%
1Y
70.40%
3Y*
28.08%
5Y*
29.48%
10Y*
11.85%

FVI.TO

1D
-3.75%
1M
4.47%
YTD
-2.68%
6M
-1.80%
1Y
42.90%
3Y*
41.00%
5Y*
9.70%
10Y*
4.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEG.TO vs. FVI.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		44.34%16.72%14.08%3.52%53.25%83.71%-34.41%8.98%-27.05%-11.18%
FVI.TO
Fortuna Silver Mines Inc.		-2.68%117.99%20.98%0.20%3.04%-52.77%97.73%5.80%-23.78%-13.57%

Correlation

The correlation between XEG.TO and FVI.TO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.05

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

0.13

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

0.21

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

0.14

Correlation (All Time)
Calculated using the full available price history since Mar 26, 2001

0.20

The correlation between XEG.TO and FVI.TO shifts across timeframes, from -0.05 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Capped Energy Index ETF

Fortuna Silver Mines Inc.

Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO
Often compared with FVI.TO:
FVI.TO vs. FRES.LFVI.TO vs. ^TNXFVI.TO vs. SILFVI.TO vs. TLTFVI.TO vs. JEPIFVI.TO vs. SBI.TOFVI.TO vs. AG

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEG.TO
XEG.TO Risk / Return Rank: 8686
Overall Rank
XEG.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8787
Martin Ratio Rank
FVI.TO
FVI.TO Risk / Return Rank: 6363
Overall Rank
FVI.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FVI.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
FVI.TO Omega Ratio Rank: 6161
Omega Ratio Rank
FVI.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
FVI.TO Martin Ratio Rank: 6565
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and Fortuna Silver Mines Inc. (FVI.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.

XEG.TOFVI.TODifference
Sharpe ratioReturn per unit of total volatility
3.11
0.76

+2.35

Sortino ratioReturn per unit of downside risk
3.66
1.32

+2.35

Omega ratioGain probability vs. loss probability

1.49

1.17

+0.32

Calmar ratioReturn relative to maximum drawdown

6.36

1.17

+5.19

Martin ratioReturn relative to average drawdown

19.02

2.88

+16.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XEG.TO Sharpe Ratio is 3.11, which is higher than the FVI.TO Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of XEG.TO and FVI.TO, 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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Sharpe Ratios by Period

XEG.TOFVI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.11

0.76

+2.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

0.18

+0.86

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.36

0.09

+0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.02

+0.26

Drawdowns

XEG.TO vs. FVI.TO - Drawdown Comparison

The maximum XEG.TO drawdown since its inception was -87.74%, smaller than the maximum FVI.TO drawdown of -96.00%. Use the drawdown chart below to compare losses from any high point for XEG.TO and FVI.TO.

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Drawdown Indicators

XEG.TOFVI.TODifference

Max Drawdown

Largest peak-to-trough decline

-87.74%

-96.00%

+8.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.12%

-36.70%

+25.58%

Max Drawdown (3Y)

Largest decline over 3 years

-25.67%

-36.70%

+11.03%

Max Drawdown (5Y)

Largest decline over 5 years

-28.42%

-65.54%

+37.12%

Max Drawdown (10Y)

Largest decline over 10 years

-79.66%

-79.07%

-0.59%

Current Drawdown

Current decline from peak

-4.00%

-29.77%

+25.77%

Average Drawdown

Average peak-to-trough decline

-29.19%

-54.65%

+25.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.71%

14.94%

-11.23%

Volatility

XEG.TO vs. FVI.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) is 9.31%, while Fortuna Silver Mines Inc. (FVI.TO) has a volatility of 15.86%. This indicates that XEG.TO experiences smaller price fluctuations and is considered to be less risky than FVI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEG.TOFVI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.31%

15.86%

-6.55%

Volatility (6M)

Calculated over the trailing 6-month period

18.99%

42.89%

-23.90%

Volatility (1Y)

Calculated over the trailing 1-year period

22.76%

56.41%

-33.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.62%

55.12%

-26.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.41%

57.34%

-23.93%

Dividends

XEG.TO vs. FVI.TO - Dividend Comparison

XEG.TO's dividend yield for the trailing twelve months is around 2.65%, while FVI.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FVI.TO
Fortuna Silver Mines Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.65%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

XEG.TO and FVI.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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