AG vs. GDXJ
AG (First Majestic Silver Corp.) is a stock, while GDXJ (VanEck Junior Gold Miners ETF) is Gold fund tracking the MVIS Global Junior Gold Miners Index. Over the past 10 years, AG returned -0.85%/yr vs 8.50%/yr for GDXJ. Their correlation of 0.84 means they have usually moved in the same direction.
Performance
AG vs. GDXJ - Performance Comparison
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Returns By Period
In the year-to-date period, AG achieves a -5.71% return, which is significantly higher than GDXJ's -14.94% return. Over the past 10 years, AG has underperformed GDXJ with an annualized return of -0.85%, while GDXJ has yielded a comparatively higher 8.50% annualized return.
AG
- 1D
- -3.27%
- 1M
- -7.10%
- 6M
- -38.93%
- YTD
- -5.71%
- 1Y
- 88.31%
- 3Y*
- 35.45%
- 5Y*
- 3.00%
- 10Y*
- -0.85%
- ALL TIME*
- 1.07%
GDXJ
- 1D
- -2.24%
- 1M
- -3.50%
- 6M
- -34.35%
- YTD
- -14.94%
- 1Y
- 49.74%
- 3Y*
- 40.93%
- 5Y*
- 17.84%
- 10Y*
- 8.50%
- ALL TIME*
- 1.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $153.68M | $160.05M | $224.11M | |
| $414.07M | $423.52M | $616.10M |
AG vs. GDXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | -5.71% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
GDXJ VanEck Junior Gold Miners ETF | -14.94% | 172.28% | 15.67% | 7.12% | -14.53% | -21.25% | 30.40% | 40.44% | -11.02% | 8.22% |
Correlation
The correlation between AG and GDXJ is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.84 |
The correlation between AG and GDXJ has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
AG vs. GDXJ — Risk / Return Rank
AG
GDXJ
AG vs. GDXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp. (AG) and VanEck Junior Gold Miners ETF (GDXJ). 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.
| AG | GDXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.21 | +0.53 |
| Martin ratioReturn relative to average drawdown | 3.38 | 2.63 | +0.75 |
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Drawdowns
AG vs. GDXJ - Drawdown Comparison
The maximum AG drawdown since its inception was -90.20%, roughly equal to the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for AG and GDXJ.
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Drawdown Indicators
| AG | GDXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -88.66% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -50.94% | -41.32% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -50.94% | -41.32% | -9.62% |
Max Drawdown (5Y)Largest decline over 5 years | -70.28% | -48.79% | -21.49% |
Max Drawdown (10Y)Largest decline over 10 years | -80.82% | -57.77% | -23.05% |
Current DrawdownCurrent decline from peak | -50.94% | -38.04% | -12.90% |
Average DrawdownAverage peak-to-trough decline | -59.08% | -60.27% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.19% | 18.97% | +7.22% |
Volatility
AG vs. GDXJ - Volatility Comparison
First Majestic Silver Corp. (AG) has a higher volatility of 17.10% compared to VanEck Junior Gold Miners ETF (GDXJ) at 13.69%. This indicates that AG's price experiences larger fluctuations and is considered to be riskier than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AG | GDXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.10% | 13.69% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 57.23% | 44.51% | +12.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.87% | 53.68% | +21.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.15% | 42.02% | +20.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.87% | 44.16% | +17.71% |
Dividends
AG vs. GDXJ - Dividend Comparison
AG's dividend yield for the trailing twelve months is around 0.23%, less than GDXJ's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.23% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDXJ VanEck Junior Gold Miners ETF | 2.74% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
Frequently Asked Questions
AG and GDXJ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (17.10%) compared to GDXJ (13.69%). In terms of maximum drawdown, AG dropped -90.20% vs GDXJ's -88.66%.
AG currently has the higher Sharpe Ratio (1.19 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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