AG vs. UMI.BR

Last updated Jun 10, 2026

AG (First Majestic Silver Corp.) and UMI.BR (Umicore SA) are both stocks. AG operates in Silver (Basic Materials), while UMI.BR operates in Pollution & Treatment Controls (Industrials). Over the past 10 years, AG returned 3.02%/yr vs 2.96%/yr for UMI.BR. At a 0.22 correlation, their price movements are largely independent.

Performance

AG vs. UMI.BR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Majestic Silver Corp. (AG) and Umicore SA (UMI.BR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AG is traded in USD, while UMI.BR is traded in EUR. To make them comparable, the UMI.BR values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AG achieves a -0.60% return, which is significantly lower than UMI.BR's 29.76% return. Both investments have delivered pretty close results over the past 10 years, with AG having a 3.02% annualized return and UMI.BR not far behind at 2.96%.

AG

• 1D: -3.67%
• 1M: -24.27%
• YTD: -0.60%
• 6M: 7.53%
• 1Y: 98.98%
• 3Y*: 42.72%
• 5Y*: -1.78%
• 10Y*: 3.02%

UMI.BR

• 1D: 0.00%
• 1M: 3.41%
• YTD: 29.76%
• 6M: 50.09%
• 1Y: 132.94%
• 3Y*: 0.11%
• 5Y*: -12.49%
• 10Y*: 2.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AG vs. UMI.BR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AG First Majestic Silver Corp.	-0.60%	204.32%	-10.47%	-25.99%	-24.73%	-17.24%	9.62%	108.15%	-12.61%	-11.66%
UMI.BR Umicore SA	28.63%	110.15%	-60.85%	-23.25%	-7.74%	-13.98%	-0.73%	25.12%	-14.45%	72.31%

Correlation

The correlation between AG and UMI.BR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010	0.22

The correlation between AG and UMI.BR shifts across timeframes, from 0.20 (10 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AG vs. UMI.BR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AG

AG Risk / Return Rank: 77
AG Sharpe Ratio Rank: 81
AG Sortino Ratio Rank: 77
AG Omega Ratio Rank: 75
AG Calmar Ratio Rank: 77
AG Martin Ratio Rank: 77

UMI.BR

UMI.BR Risk / Return Rank: 91
UMI.BR Sharpe Ratio Rank: 93
UMI.BR Sortino Ratio Rank: 92
UMI.BR Omega Ratio Rank: 92
UMI.BR Calmar Ratio Rank: 90
UMI.BR Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AG vs. UMI.BR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp. (AG) and Umicore SA (UMI.BR). 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	UMI.BR	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.62	-1.26
Sortino ratio: Return per unit of downside risk	1.97	3.42	-1.44
Omega ratio: Gain probability vs. loss probability	1.25	1.45	-0.20
Calmar ratio: Return relative to maximum drawdown	2.06	4.22	-2.16
Martin ratio: Return relative to average drawdown	4.95	10.35	-5.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AG vs. UMI.BR - Sharpe Ratio Comparison

The current AG Sharpe Ratio is 1.36, which is lower than the UMI.BR Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of AG and UMI.BR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AG	UMI.BR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	2.62	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	-0.31	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	0.08	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.13	-0.11

Drawdowns

AG vs. UMI.BR - Drawdown Comparison

The maximum AG drawdown since its inception was -90.20%, roughly equal to the maximum UMI.BR drawdown of -87.32%. Use the drawdown chart below to compare losses from any high point for AG and UMI.BR.

Drawdown Indicators

	AG	UMI.BR	Difference
Max Drawdown Largest peak-to-trough decline	-90.20%	-87.32%	-2.88%
Max Drawdown (1Y) Largest decline over 1 year	-48.28%	-31.01%	-17.27%
Max Drawdown (3Y) Largest decline over 3 years	-48.28%	-72.34%	+24.06%
Max Drawdown (5Y) Largest decline over 5 years	-76.74%	-87.32%	+10.58%
Max Drawdown (10Y) Largest decline over 10 years	-80.82%	-87.32%	+6.50%
Current Drawdown Current decline from peak	-48.28%	-56.34%	+8.06%
Average Drawdown Average peak-to-trough decline	-59.19%	-29.37%	-29.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.05%	12.73%	+7.32%

Volatility

AG vs. UMI.BR - Volatility Comparison

First Majestic Silver Corp. (AG) has a higher volatility of 24.69% compared to Umicore SA (UMI.BR) at 20.44%. This indicates that AG's price experiences larger fluctuations and is considered to be riskier than UMI.BR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AG	UMI.BR	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.69%	20.44%	+4.25%
Volatility (6M) Calculated over the trailing 6-month period	58.00%	36.49%	+21.51%
Volatility (1Y) Calculated over the trailing 1-year period	73.13%	50.03%	+23.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.67%	40.35%	+21.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.96%	37.56%	+24.40%

Dividends

AG vs. UMI.BR - Dividend Comparison

AG's dividend yield for the trailing twelve months is around 0.21%, less than UMI.BR's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
UMI.BR Umicore SA	2.19%	1.40%	6.92%	2.77%	2.33%	2.10%	0.64%	1.79%	2.08%	2.48%	4.80%	5.17%

Financials

Frequently Asked Questions

Can I hold both AG and UMI.BR in my portfolio?

AG and UMI.BR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.