AG vs. IXC
AG (First Majestic Silver Corp.) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global Energy Sector Index. Over the past 10 years, AG returned 5.48%/yr vs 10.29%/yr for IXC. At a 0.27 correlation, their price movements are largely independent.
Performance
AG vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, AG achieves a 18.81% return, which is significantly lower than IXC's 32.22% return. Over the past 10 years, AG has underperformed IXC with an annualized return of 5.48%, while IXC has yielded a comparatively higher 10.29% 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%
IXC
- 1D
- 0.87%
- 1M
- -1.75%
- YTD
- 32.22%
- 6M
- 30.00%
- 1Y
- 48.10%
- 3Y*
- 18.84%
- 5Y*
- 19.64%
- 10Y*
- 10.29%
AG vs. IXC - 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% |
IXC iShares Global Energy ETF | 32.22% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between AG and IXC is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2010 | 0.27 |
Over the past year, the correlation between AG and IXC has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
AG vs. IXC — Risk / Return Rank
AG
IXC
AG vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp. (AG) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.42 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 5.00 | -0.76 |
| Martin ratioReturn relative to average drawdown | 9.46 | 15.10 | -5.64 |
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 | IXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.58 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.84 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.38 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.32 | -0.27 |
Drawdowns
AG vs. IXC - Drawdown Comparison
The maximum AG drawdown since its inception was -90.20%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for AG and IXC.
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Drawdown Indicators
| AG | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -67.88% | -22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -42.92% | -9.66% | -33.26% |
Max Drawdown (3Y)Largest decline over 3 years | -42.92% | -19.06% | -23.86% |
Max Drawdown (5Y)Largest decline over 5 years | -76.89% | -24.93% | -51.96% |
Max Drawdown (10Y)Largest decline over 10 years | -80.82% | -64.16% | -16.66% |
Current DrawdownCurrent decline from peak | -38.18% | -4.84% | -33.34% |
Average DrawdownAverage peak-to-trough decline | -59.21% | -17.48% | -41.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.23% | 3.20% | +16.03% |
Volatility
AG vs. IXC - Volatility Comparison
First Majestic Silver Corp. (AG) has a higher volatility of 22.62% compared to iShares Global Energy ETF (IXC) at 7.50%. This indicates that AG's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AG | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.62% | 7.50% | +15.12% |
Volatility (6M)Calculated over the trailing 6-month period | 56.05% | 15.42% | +40.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.23% | 18.75% | +54.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.33% | 23.50% | +37.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.84% | 26.85% | +34.99% |
Dividends
AG vs. IXC - Dividend Comparison
AG's dividend yield for the trailing twelve months is around 0.18%, less than IXC's 2.79% 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% |
IXC iShares Global Energy ETF | 2.79% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
Frequently Asked Questions
AG and IXC have a correlation of 0.01, 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 IXC (7.50%). In terms of maximum drawdown, AG dropped -90.20% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (2.58 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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