AG vs. ICSH
AG (First Majestic Silver Corp.) is a stock, while ICSH (iShares Ultra Short Duration Bond Active ETF) is Ultrashort Bond fund tracking the ICE BofA US 6-Month Treasury Bill Index (USD). Over the past 10 years, AG returned 5.48%/yr vs 2.76%/yr for ICSH. At a 0.07 correlation, their price movements are largely independent.
Performance
AG vs. ICSH - Performance Comparison
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Returns By Period
In the year-to-date period, AG achieves a 18.81% return, which is significantly higher than ICSH's 1.45% return. Over the past 10 years, AG has outperformed ICSH with an annualized return of 5.48%, while ICSH has yielded a comparatively lower 2.76% annualized return.
AG
- 1D
- -5.81%
- 1M
- 2.11%
- YTD
- 18.81%
- 6M
- 26.15%
- 1Y
- 181.03%
- 3Y*
- 49.83%
- 5Y*
- 2.67%
- 10Y*
- 5.48%
ICSH
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.45%
- 6M
- 1.79%
- 1Y
- 4.36%
- 3Y*
- 5.20%
- 5Y*
- 3.67%
- 10Y*
- 2.76%
AG vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 18.81% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.45% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
Correlation
The correlation between AG and ICSH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2013 | 0.07 |
The correlation between AG and ICSH shifts across timeframes, from 0.07 (all time) to 0.17 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AG vs. ICSH — Risk / Return Rank
AG
ICSH
AG vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp. (AG) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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 | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.74 | ||
| Sortino ratioReturn per unit of downside risk | -25.65 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 6.79 | -5.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 44.30 | -40.05 |
| Martin ratioReturn relative to average drawdown | 9.46 | 297.17 | -287.71 |
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 | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 11.22 | -8.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 7.64 | -7.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 2.62 | -2.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 1.93 | -1.89 |
Drawdowns
AG vs. ICSH - Drawdown Comparison
The maximum AG drawdown since its inception was -90.20%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for AG and ICSH.
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Drawdown Indicators
| AG | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -3.94% | -86.26% |
Max Drawdown (1Y)Largest decline over 1 year | -42.92% | -0.10% | -42.82% |
Max Drawdown (3Y)Largest decline over 3 years | -42.92% | -0.10% | -42.82% |
Max Drawdown (5Y)Largest decline over 5 years | -76.89% | -0.73% | -76.16% |
Max Drawdown (10Y)Largest decline over 10 years | -80.82% | -3.94% | -76.88% |
Current DrawdownCurrent decline from peak | -38.18% | 0.00% | -38.18% |
Average DrawdownAverage peak-to-trough decline | -59.21% | -0.08% | -59.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.23% | 0.01% | +19.22% |
Volatility
AG vs. ICSH - Volatility Comparison
First Majestic Silver Corp. (AG) has a higher volatility of 22.62% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.15%. This indicates that AG's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AG | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.62% | 0.15% | +22.47% |
Volatility (6M)Calculated over the trailing 6-month period | 56.05% | 0.30% | +55.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.23% | 0.39% | +72.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.33% | 0.48% | +60.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.84% | 1.06% | +60.78% |
Dividends
AG vs. ICSH - Dividend Comparison
AG's dividend yield for the trailing twelve months is around 0.18%, less than ICSH's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.18% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Frequently Asked Questions
AG and ICSH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (22.62%) compared to ICSH (0.15%). In terms of maximum drawdown, AG dropped -90.20% vs ICSH's -3.94%.
ICSH currently has the higher Sharpe Ratio (11.22 vs 2.49), 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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