ARIS vs. PAAS
ARIS (Aris Water Solutions, Inc.) and PAAS (Pan American Silver Corp.) are both stocks. ARIS operates in Utilities - Regulated Water (Utilities), while PAAS operates in Silver (Basic Materials). Over the past 3 years, ARIS returned 84.20%/yr vs 48.10%/yr for PAAS. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
ARIS vs. PAAS - Performance Comparison
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Returns By Period
In the year-to-date period, ARIS achieves a -4.50% return, which is significantly higher than PAAS's -8.20% return.
ARIS
- 1D
- 1.77%
- 1M
- -21.32%
- YTD
- -4.50%
- 6M
- 11.51%
- 1Y
- 146.03%
- 3Y*
- 84.20%
- 5Y*
- —
- 10Y*
- —
PAAS
- 1D
- -0.63%
- 1M
- -19.79%
- YTD
- -8.20%
- 6M
- 9.21%
- 1Y
- 67.27%
- 3Y*
- 48.10%
- 5Y*
- 10.63%
- 10Y*
- 13.61%
ARIS vs. PAAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | -4.50% | 363.71% | 6.54% | 31.93% | -39.60% | 0.22% |
PAAS Pan American Silver Corp. | -8.20% | 160.40% | 26.61% | 2.50% | -33.00% | -3.72% |
Correlation
The correlation between ARIS and PAAS is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2021 | 0.65 |
The correlation between ARIS and PAAS has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.
Fundamentals
ARIS:
$3.24B
PAAS:
$19.95B
ARIS:
$0.87
PAAS:
$3.21
ARIS:
17.74
PAAS:
14.72
ARIS:
0.35
PAAS:
0.08
ARIS:
2.70
PAAS:
4.66
ARIS:
2.06
PAAS:
2.71
ARIS:
$1.14B
PAAS:
$4.02B
ARIS:
$612.94M
PAAS:
$1.76B
ARIS:
$432.53M
PAAS:
$2.14B
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Return for Risk
ARIS vs. PAAS — Risk / Return Rank
ARIS
PAAS
ARIS vs. PAAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aris Water Solutions, Inc. (ARIS) and Pan American Silver Corp. (PAAS). 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.
| ARIS | PAAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.09 | 2.12 | +3.97 |
| Martin ratioReturn relative to average drawdown | 20.00 | 5.64 | +14.35 |
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
| ARIS | PAAS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 1.24 | +1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.16 | +0.49 |
Drawdowns
ARIS vs. PAAS - Drawdown Comparison
The maximum ARIS drawdown since its inception was -57.98%, smaller than the maximum PAAS drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for ARIS and PAAS.
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Drawdown Indicators
| ARIS | PAAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -85.10% | +27.12% |
Max Drawdown (1Y)Largest decline over 1 year | -29.65% | -31.90% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -31.90% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.74% | — |
Current DrawdownCurrent decline from peak | -28.41% | -30.77% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -22.66% | -41.65% | +18.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.53% | 11.95% | -3.42% |
Volatility
ARIS vs. PAAS - Volatility Comparison
Aris Water Solutions, Inc. (ARIS) and Pan American Silver Corp. (PAAS) have volatilities of 19.23% and 18.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARIS | PAAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.23% | 18.59% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 46.18% | 45.21% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.59% | 54.85% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.00% | 47.89% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.00% | 49.58% | +3.42% |
Dividends
ARIS vs. PAAS - Dividend Comparison
ARIS has not paid dividends to shareholders, while PAAS's dividend yield for the trailing twelve months is around 1.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAAS Pan American Silver Corp. | 1.31% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
Financials
ARIS vs. PAAS - Financials Comparison
This section allows you to compare key financial metrics between Aris Water Solutions, Inc. and Pan American Silver Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ARIS vs. PAAS - Profitability Comparison
ARIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aris Water Solutions, Inc. reported a gross profit of 217.03M and revenue of 372.48M. Therefore, the gross margin over that period was 58.3%.
PAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a gross profit of 608.00M and revenue of 1.15B. Therefore, the gross margin over that period was 52.7%.
ARIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aris Water Solutions, Inc. reported an operating income of 179.05M and revenue of 372.48M, resulting in an operating margin of 48.1%.
PAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported an operating income of 560.00M and revenue of 1.15B, resulting in an operating margin of 48.5%.
ARIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aris Water Solutions, Inc. reported a net income of 97.61M and revenue of 372.48M, resulting in a net margin of 26.2%.
PAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a net income of 457.00M and revenue of 1.15B, resulting in a net margin of 39.6%.
Frequently Asked Questions
ARIS and PAAS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARIS has higher volatility (19.23%) compared to PAAS (18.59%). In terms of maximum drawdown, ARIS dropped -57.98% vs PAAS's -85.10%.
ARIS currently has the higher Sharpe Ratio (3.14 vs 1.24), 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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