AG vs. SLVR.L
AG (First Majestic Silver Corp.) is a stock, while SLVR.L (WisdomTree Silver) is Silver fund tracking the Bloomberg Silver Subindex. Over the past 10 years, AG returned 3.86%/yr vs 11.93%/yr for SLVR.L. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
AG vs. SLVR.L - Performance Comparison
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Returns By Period
In the year-to-date period, AG achieves a 6.07% return, which is significantly higher than SLVR.L's -5.05% return. Over the past 10 years, AG has underperformed SLVR.L with an annualized return of 3.86%, while SLVR.L has yielded a comparatively higher 11.93% annualized return.
AG
- 1D
- 4.31%
- 1M
- -26.33%
- YTD
- 6.07%
- 6M
- 10.86%
- 1Y
- 114.66%
- 3Y*
- 46.79%
- 5Y*
- 0.02%
- 10Y*
- 3.86%
SLVR.L
- 1D
- 5.86%
- 1M
- -23.83%
- YTD
- -5.05%
- 6M
- 8.51%
- 1Y
- 82.42%
- 3Y*
- 38.81%
- 5Y*
- 16.91%
- 10Y*
- 11.93%
AG vs. SLVR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 6.07% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
SLVR.L WisdomTree Silver | -5.05% | 136.69% | 20.17% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.15% | 1.46% |
Correlation
The correlation between AG and SLVR.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.51 |
The correlation between AG and SLVR.L shifts across timeframes, from 0.51 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AG vs. SLVR.L — Risk / Return Rank
AG
SLVR.L
AG vs. SLVR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp. (AG) and WisdomTree Silver (SLVR.L). 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 | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.86 | +0.41 |
| Martin ratioReturn relative to average drawdown | 5.56 | 4.15 | +1.41 |
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Drawdowns
AG vs. SLVR.L - Drawdown Comparison
The maximum AG drawdown since its inception was -90.20%, which is greater than SLVR.L's maximum drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for AG and SLVR.L.
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Drawdown Indicators
| AG | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -80.08% | -10.12% |
Max Drawdown (1Y)Largest decline over 1 year | -50.88% | -44.09% | -6.79% |
Max Drawdown (3Y)Largest decline over 3 years | -50.88% | -44.09% | -6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | -44.09% | -32.65% |
Max Drawdown (10Y)Largest decline over 10 years | -80.82% | -46.91% | -33.91% |
Current DrawdownCurrent decline from peak | -44.81% | -40.82% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -59.18% | -52.50% | -6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.71% | 19.82% | +0.89% |
Volatility
AG vs. SLVR.L - Volatility Comparison
First Majestic Silver Corp. (AG) has a higher volatility of 25.25% compared to WisdomTree Silver (SLVR.L) at 15.99%. This indicates that AG's price experiences larger fluctuations and is considered to be riskier than SLVR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AG | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.25% | 15.99% | +9.26% |
Volatility (6M)Calculated over the trailing 6-month period | 58.23% | 56.65% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.80% | 59.58% | +14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.76% | 37.07% | +24.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.02% | 32.07% | +29.95% |
Dividends
AG vs. SLVR.L - Dividend Comparison
AG's dividend yield for the trailing twelve months is around 0.20%, while SLVR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.20% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% |
SLVR.L WisdomTree Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AG and SLVR.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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