AP vs. EXK

Last updated Jun 4, 2026

AP (Ampco-Pittsburgh Corporation) and EXK (Endeavour Silver Corp.) are both stocks. AP operates in Metal Fabrication (Industrials), while EXK operates in Other Precious Metals & Mining (Basic Materials). Over the past 10 years, AP returned -1.73%/yr vs 10.24%/yr for EXK. At a 0.15 correlation, their price movements are largely independent.

Performance

AP vs. EXK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ampco-Pittsburgh Corporation (AP) and Endeavour Silver Corp. (EXK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AP achieves a 119.51% return, which is significantly higher than EXK's -2.45% return. Over the past 10 years, AP has underperformed EXK with an annualized return of -1.73%, while EXK has yielded a comparatively higher 10.24% annualized return.

AP

• 1D: -0.09%
• 1M: 11.96%
• YTD: 119.51%
• 6M: 327.01%
• 1Y: 233.33%
• 3Y*: 54.54%
• 5Y*: 12.41%
• 10Y*: -1.73%

EXK

• 1D: -6.90%
• 1M: 0.88%
• YTD: -2.45%
• 6M: 2.80%
• 1Y: 124.75%
• 3Y*: 41.74%
• 5Y*: 4.90%
• 10Y*: 10.24%

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

AP vs. EXK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AP Ampco-Pittsburgh Corporation	119.51%	155.02%	-23.44%	8.76%	-49.80%	-8.76%	82.06%	-2.90%	-75.00%	-25.10%
EXK Endeavour Silver Corp.	-2.45%	156.83%	85.79%	-39.20%	-23.22%	-16.27%	109.13%	12.09%	-10.04%	-32.10%

Correlation

The correlation between AP and EXK is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Apr 27, 2006	0.15

Fundamentals

Market Cap AP : $236.77M EXK : $3.00B
EPS AP : -$3.37 EXK : -$0.07
PS Ratio AP : 0.55 EXK : 4.51
PB Ratio AP : 7.56 EXK : 4.65
Total Revenue (TTM) AP : $433.03M EXK : $608.35M
Gross Profit (TTM) AP : $53.11M EXK : $142.61M
EBITDA (TTM) AP : $20.56M EXK : $88.85M

Return for Risk

AP vs. EXK — Risk / Return Rank

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

AP

AP Risk / Return Rank: 89
AP Sharpe Ratio Rank: 93
AP Sortino Ratio Rank: 89
AP Omega Ratio Rank: 85
AP Calmar Ratio Rank: 90
AP Martin Ratio Rank: 87

EXK

EXK Risk / Return Rank: 80
EXK Sharpe Ratio Rank: 83
EXK Sortino Ratio Rank: 78
EXK Omega Ratio Rank: 76
EXK Calmar Ratio Rank: 82
EXK Martin Ratio Rank: 80

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.

AP vs. EXK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ampco-Pittsburgh Corporation (AP) and Endeavour Silver Corp. (EXK). 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.

	AP	EXK	Difference
Sharpe ratio: Return per unit of total volatility	2.78	1.66	+1.12
Sortino ratio: Return per unit of downside risk	3.11	2.22	+0.89
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	4.62	3.01	+1.61
Martin ratio: Return relative to average drawdown	10.19	6.71	+3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AP vs. EXK - Sharpe Ratio Comparison

The current AP Sharpe Ratio is 2.78, which is higher than the EXK Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of AP and EXK, 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

	AP	EXK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	1.66	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.07	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.15	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.06	-0.05

Drawdowns

AP vs. EXK - Drawdown Comparison

The maximum AP drawdown since its inception was -98.06%, which is greater than EXK's maximum drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for AP and EXK.

Drawdown Indicators

	AP	EXK	Difference
Max Drawdown Largest peak-to-trough decline	-98.06%	-92.11%	-5.95%
Max Drawdown (1Y) Largest decline over 1 year	-50.80%	-41.64%	-9.16%
Max Drawdown (3Y) Largest decline over 3 years	-80.96%	-62.24%	-18.72%
Max Drawdown (5Y) Largest decline over 5 years	-88.92%	-80.64%	-8.28%
Max Drawdown (10Y) Largest decline over 10 years	-95.90%	-81.13%	-14.77%
Current Drawdown Current decline from peak	-69.71%	-35.06%	-34.65%
Average Drawdown Average peak-to-trough decline	-52.22%	-58.21%	+5.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.02%	18.67%	+4.35%

Volatility

AP vs. EXK - Volatility Comparison

Ampco-Pittsburgh Corporation (AP) has a higher volatility of 27.25% compared to Endeavour Silver Corp. (EXK) at 24.94%. This indicates that AP's price experiences larger fluctuations and is considered to be riskier than EXK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AP	EXK	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.25%	24.94%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	67.37%	55.92%	+11.45%
Volatility (1Y) Calculated over the trailing 1-year period	84.54%	75.45%	+9.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.42%	68.19%	+6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.60%	69.11%	+3.49%

Dividends

AP vs. EXK - Dividend Comparison

Neither AP nor EXK has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AP Ampco-Pittsburgh Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.45%	2.69%	7.02%
EXK Endeavour Silver Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

AP vs. EXK - Profitability Comparison

The chart below illustrates the profitability comparison between Ampco-Pittsburgh Corporation and Endeavour Silver Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ampco-Pittsburgh Corporation reported a gross profit of 0.00 and revenue of 103.13M. Therefore, the gross margin over that period was 0.0%.

EXK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Endeavour Silver Corp. reported a gross profit of 93.30M and revenue of 209.70M. Therefore, the gross margin over that period was 44.5%.

AP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ampco-Pittsburgh Corporation reported an operating income of 2.56M and revenue of 103.13M, resulting in an operating margin of 2.5%.

EXK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Endeavour Silver Corp. reported an operating income of 83.70M and revenue of 209.70M, resulting in an operating margin of 39.9%.

AP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ampco-Pittsburgh Corporation reported a net income of -867.00K and revenue of 103.13M, resulting in a net margin of -0.8%.

EXK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Endeavour Silver Corp. reported a net income of 64.90M and revenue of 209.70M, resulting in a net margin of 31.0%.

Frequently Asked Questions

Can I hold both AP and EXK in my portfolio?

AP and EXK have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AP or EXK?

AP has higher volatility (27.25%) compared to EXK (24.94%). In terms of maximum drawdown, AP dropped -98.06% vs EXK's -92.11%.

Which has better risk-adjusted returns?

AP currently has the higher Sharpe Ratio (2.78 vs 1.66), 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.