AEM vs. PAAS
Compare and contrast key facts about Agnico Eagle Mines Limited (AEM) and Pan American Silver Corp. (PAAS).
Performance
AEM vs. PAAS - Performance Comparison
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AEM vs. PAAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 19.95% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
PAAS Pan American Silver Corp. | 5.72% | 160.40% | 26.61% | 2.50% | -33.00% | -26.78% | 46.88% | 63.86% | -5.30% | 3.86% |
Fundamentals
AEM:
$102.04B
PAAS:
$23.06B
AEM:
$8.83
PAAS:
$2.54
AEM:
22.98
PAAS:
21.51
AEM:
0.36
PAAS:
0.12
AEM:
8.61
PAAS:
5.82
AEM:
4.12
PAAS:
3.30
AEM:
$11.87B
PAAS:
$3.64B
AEM:
$6.80B
PAAS:
$1.40B
AEM:
$8.35B
PAAS:
$1.71B
Returns By Period
In the year-to-date period, AEM achieves a 19.95% return, which is significantly higher than PAAS's 5.72% return. Over the past 10 years, AEM has outperformed PAAS with an annualized return of 20.98%, while PAAS has yielded a comparatively lower 19.06% annualized return.
AEM
- 1D
- 5.80%
- 1M
- -19.18%
- YTD
- 19.95%
- 6M
- 20.91%
- 1Y
- 89.16%
- 3Y*
- 61.82%
- 5Y*
- 30.88%
- 10Y*
- 20.98%
PAAS
- 1D
- 6.78%
- 1M
- -20.27%
- YTD
- 5.72%
- 6M
- 41.96%
- 1Y
- 114.60%
- 3Y*
- 47.16%
- 5Y*
- 13.99%
- 10Y*
- 19.06%
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Return for Risk
AEM vs. PAAS — Risk / Return Rank
AEM
PAAS
AEM vs. PAAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Pan American Silver Corp. (PAAS). 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.
| AEM | PAAS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 2.00 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.33 | 2.32 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 3.14 | 3.57 | -0.42 |
Martin ratioReturn relative to average drawdown | 10.90 | 11.55 | -0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AEM | PAAS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.00 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.30 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.38 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.17 | 0.00 |
Correlation
The correlation between AEM and PAAS is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AEM vs. PAAS - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 0.81%, less than PAAS's 0.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 0.81% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
PAAS Pan American Silver Corp. | 0.99% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
Drawdowns
AEM vs. PAAS - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, which is greater than PAAS's maximum drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for AEM and PAAS.
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Drawdown Indicators
| AEM | PAAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -85.10% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -28.97% | -31.90% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -46.76% | -63.00% | +16.24% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -66.74% | +12.88% |
Current DrawdownCurrent decline from peak | -19.51% | -20.27% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -46.76% | -41.79% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.35% | 9.85% | -1.50% |
Volatility
AEM vs. PAAS - Volatility Comparison
The current volatility for Agnico Eagle Mines Limited (AEM) is 16.46%, while Pan American Silver Corp. (PAAS) has a volatility of 19.05%. This indicates that AEM experiences smaller price fluctuations and is considered to be less risky than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | PAAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.46% | 19.05% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 35.61% | 45.40% | -9.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.99% | 57.58% | -13.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 47.60% | -11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.45% | 49.68% | -12.23% |
Financials
AEM vs. PAAS - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Pan American Silver Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AEM vs. PAAS - Profitability Comparison
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Agnico Eagle Mines Limited reported a gross profit of 2.20B and revenue of 3.56B. Therefore, the gross margin over that period was 61.7%.
PAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported a gross profit of 565.26M and revenue of 1.20B. Therefore, the gross margin over that period was 47.2%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Agnico Eagle Mines Limited reported an operating income of 1.99B and revenue of 3.56B, resulting in an operating margin of 55.9%.
PAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported an operating income of 469.00M and revenue of 1.20B, resulting in an operating margin of 39.2%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Agnico Eagle Mines Limited reported a net income of 1.52B and revenue of 3.56B, resulting in a net margin of 42.7%.
PAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported a net income of 458.44M and revenue of 1.20B, resulting in a net margin of 38.3%.