AG vs. H.TO
AG (First Majestic Silver Corp.) and H.TO (Hydro One Limited) are both stocks. AG operates in Silver (Basic Materials), while H.TO operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, AG returned 3.41%/yr vs 11.35%/yr for H.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
AG vs. H.TO - Performance Comparison
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Different Trading Currencies
AG is traded in USD, while H.TO is traded in CAD. To make them comparable, the H.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AG achieves a 3.18% return, which is significantly higher than H.TO's 1.55% return. Over the past 10 years, AG has underperformed H.TO with an annualized return of 3.41%, while H.TO has yielded a comparatively higher 11.35% annualized return.
AG
- 1D
- 1.06%
- 1M
- -21.38%
- YTD
- 3.18%
- 6M
- 19.63%
- 1Y
- 108.06%
- 3Y*
- 44.51%
- 5Y*
- -0.09%
- 10Y*
- 3.41%
H.TO
- 1D
- -1.66%
- 1M
- -6.34%
- YTD
- 1.55%
- 6M
- 6.56%
- 1Y
- 14.25%
- 3Y*
- 15.69%
- 5Y*
- 13.02%
- 10Y*
- 11.35%
AG vs. H.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 3.18% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
H.TO Hydro One Limited | 1.55% | 32.80% | 5.79% | 15.70% | 6.96% | 18.93% | 21.39% | 34.59% | -12.75% | 5.80% |
Correlation
The correlation between AG and H.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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2015 | 0.05 |
The correlation between AG and H.TO shifts across timeframes, from -0.05 (1 year) to 0.05 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AG:
$8.62B
H.TO:
CA$33.75B
AG:
$0.60
H.TO:
CA$2.28
AG:
28.80
H.TO:
24.59
AG:
0.51
H.TO:
2.87
AG:
5.68
H.TO:
3.63
AG:
2.97
H.TO:
2.63
AG:
$1.49B
H.TO:
CA$9.28B
AG:
$646.49M
H.TO:
CA$2.54B
AG:
$824.25M
H.TO:
CA$3.36B
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Return for Risk
AG vs. H.TO — Risk / Return Rank
AG
H.TO
AG vs. H.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp. (AG) and Hydro One Limited (H.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.
| AG | H.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.60 | +0.71 |
| Martin ratioReturn relative to average drawdown | 5.47 | 4.96 | +0.51 |
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
| AG | H.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.08 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.83 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.66 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.73 | -0.70 |
Drawdowns
AG vs. H.TO - Drawdown Comparison
The maximum AG drawdown since its inception was -90.20%, which is greater than H.TO's maximum drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for AG and H.TO.
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Drawdown Indicators
| AG | H.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -33.66% | -56.54% |
Max Drawdown (1Y)Largest decline over 1 year | -46.87% | -8.92% | -37.95% |
Max Drawdown (3Y)Largest decline over 3 years | -46.87% | -15.41% | -31.46% |
Max Drawdown (5Y)Largest decline over 5 years | -76.89% | -19.31% | -57.58% |
Max Drawdown (10Y)Largest decline over 10 years | -80.82% | -33.66% | -47.16% |
Current DrawdownCurrent decline from peak | -46.31% | -8.60% | -37.71% |
Average DrawdownAverage peak-to-trough decline | -59.20% | -7.00% | -52.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.82% | 2.88% | +16.94% |
Volatility
AG vs. H.TO - Volatility Comparison
First Majestic Silver Corp. (AG) has a higher volatility of 24.80% compared to Hydro One Limited (H.TO) at 4.81%. This indicates that AG's price experiences larger fluctuations and is considered to be riskier than H.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AG | H.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.80% | 4.81% | +19.99% |
Volatility (6M)Calculated over the trailing 6-month period | 57.88% | 10.88% | +47.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.16% | 13.24% | +59.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.65% | 15.85% | +45.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.96% | 17.26% | +44.70% |
Dividends
AG vs. H.TO - Dividend Comparison
AG's dividend yield for the trailing twelve months is around 0.21%, less than H.TO's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.21% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
H.TO Hydro One Limited | 2.37% | 2.40% | 2.80% | 2.94% | 3.05% | 3.20% | 3.50% | 3.81% | 4.49% | 3.88% | 4.11% |
Financials
AG vs. H.TO - Financials Comparison
This section allows you to compare key financial metrics between First Majestic Silver Corp. and Hydro One Limited. 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
AG vs. H.TO - Profitability Comparison
AG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported a gross profit of 259.78M and revenue of 470.07M. Therefore, the gross margin over that period was 55.3%.
H.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hydro One Limited reported a gross profit of 622.00M and revenue of 2.65B. Therefore, the gross margin over that period was 23.5%.
AG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported an operating income of 232.71M and revenue of 470.07M, resulting in an operating margin of 49.5%.
H.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hydro One Limited reported an operating income of 622.00M and revenue of 2.65B, resulting in an operating margin of 23.5%.
AG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported a net income of 126.32M and revenue of 470.07M, resulting in a net margin of 26.9%.
H.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hydro One Limited reported a net income of 391.00M and revenue of 2.65B, resulting in a net margin of 14.8%.
Frequently Asked Questions
AG and H.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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