FSM vs SPY

Comparison between Fortuna Silver Mines Inc (FSM, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FSM, delivering a return of +14.0% compared to +7.0%

FSM vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSM(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.14B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	92.25%	56.47%
Sharpe Ratio	1.04	1.91
5Y Beta	1.00	1.00
Industry	Gold	N/A
P/E Ratio	8.98	28.68
Forward P/E	5.49	22.19
PEG Ratio	0.09	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	31.23%	26.37%
Debt to Equity	11.81%	34.04%
Free Cash Flow Yield	11.68%	N/A
P/S Ratio	2.62	3.76
P/B Ratio	1.57	5.55

Market Cap / Net Assets

FSM

$3.14B

Winner

SPY

$735B

Expense Ratio

FSM

N/A

SPY

0.09%

Max Drawdown

FSM

92.25%

Winner

SPY

56.47%

Sharpe Ratio

FSM

1.04

Winner

SPY

1.91

5Y Beta

FSM

1.00

Winner

SPY

1.00

Industry

FSM

Gold

SPY

N/A

P/E Ratio

Winner

FSM

8.98

SPY

28.68

Forward P/E

Winner

FSM

5.49

SPY

22.19

PEG Ratio

FSM

0.09

SPY

N/A

5Y Dividends CAGR

FSM

N/A

SPY

5.43%

5Y EPS CAGR

Winner

FSM

31.23%

SPY

26.37%

Debt to Equity

Winner

FSM

11.81%

SPY

34.04%

Free Cash Flow Yield

FSM

11.68%

SPY

N/A

P/S Ratio

Winner

FSM

2.62

SPY

3.76

P/B Ratio

Winner

FSM

1.57

SPY

5.55

FSM vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	FSM	SPY
1 month	-9.66%	+4.84%
3 months	-29.91%	+9.57%
6 months	+13.61%	+13.79%
1 year	+61.21%	+29.34%
5 years(CAGR)	+7.05%	+13.98%
10 years(CAGR)	+4.45%	+15.66%
Max(CAGR)	+8.86%	+8.53%

FSM

-9.66%

Winner

SPY

+4.84%

FSM

-29.91%

Winner

SPY

+9.57%

FSM

+13.61%

Winner

SPY

+13.79%

Winner

FSM

+61.21%

SPY

+29.34%

5Y(CAGR)

FSM

+7.05%

Winner

SPY

+13.98%

10Y(CAGR)

FSM

+4.45%

Winner

SPY

+15.66%

Max(CAGR)

Winner

FSM

+8.86%

SPY

+8.53%

FSM vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FSM	SPY
2026	-1.99%	+9.45%
2025	+114.19%	+18.00%
2024	+15.01%	+25.59%
2023	+2.12%	+26.72%
2022	-4.34%	-18.64%
2021	-57.75%	+30.52%
2020	+103.46%	+17.28%
2019	+10.87%	+31.09%
2018	-31.71%	-5.24%
2017	-14.71%	+20.78%
2016	+142.49%	+13.59%
2015	-51.92%	+1.31%
2014	+53.72%	+14.56%
2013	-34.17%	+29.00%
2012	-27.98%	+14.17%
2011	+15.09%	+0.85%
2010	+113.84%	+13.14%
2009	+210.21%	+22.67%
2008	-82.27%	-36.25%
2007	+73.32%	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

FSM vs SPY Drawdown Comparison

The maximum drawdown for FSM was -92.25%, occurring on Oct 22, 2008. Recovery took 757 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current FSM drawdown is -31.55%. The current SPY drawdown is -0.34%.

Rank	FSM	SPY
#1	-92.25% Nov 6, 2007 - Nov 8, 2010	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-81.07% Aug 18, 2016 - Jan 5, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-78.09% Jan 5, 2021 - Oct 15, 2025	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-72.38% Feb 28, 2012 - Jul 1, 2016	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-37.26% Feb 27, 2026 - Mar 20, 2026	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-36.76% Jul 20, 2007 - Nov 6, 2007	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-34.24% Sep 21, 2011 - Feb 23, 2012	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-32.74% Apr 8, 2011 - Sep 8, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-23.59% Dec 31, 2010 - Feb 17, 2011	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-22.79% Mar 7, 2011 - Apr 7, 2011	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-18.67% Oct 15, 2025 - Nov 26, 2025	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-17.86% Jan 28, 2026 - Feb 20, 2026	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-16.22% Mar 7, 2007 - Jun 1, 2007	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-15.60% Nov 8, 2010 - Dec 3, 2010	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-14.96% Feb 23, 2007 - Mar 7, 2007	-7.27% Sep 18, 2014 - Oct 31, 2014