CDE vs. AG
CDE (Coeur Mining, Inc.) and AG (First Majestic Silver Corp.) are both stocks. Both are in the Basic Materials sector — CDE in Gold, AG in Silver. Over the past 10 years, CDE returned 5.08%/yr vs 2.51%/yr for AG. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
CDE vs. AG - Performance Comparison
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Returns By Period
In the year-to-date period, CDE achieves a -8.37% return, which is significantly lower than AG's -0.84% return. Over the past 10 years, CDE has outperformed AG with an annualized return of 5.08%, while AG has yielded a comparatively lower 2.51% annualized return.
CDE
- 1D
- -6.58%
- 1M
- -7.43%
- YTD
- -8.37%
- 6M
- -14.41%
- 1Y
- 80.33%
- 3Y*
- 80.90%
- 5Y*
- 11.93%
- 10Y*
- 5.08%
AG
- 1D
- -6.88%
- 1M
- -15.17%
- YTD
- -0.84%
- 6M
- -4.95%
- 1Y
- 104.39%
- 3Y*
- 46.17%
- 5Y*
- 1.04%
- 10Y*
- 2.51%
CDE vs. AG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDE Coeur Mining, Inc. | -8.37% | 211.71% | 75.46% | -2.98% | -33.33% | -51.30% | 28.09% | 80.76% | -40.40% | -17.49% |
AG First Majestic Silver Corp. | -0.84% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
Correlation
The correlation between CDE and AG is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.76 |
The correlation between CDE and AG has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
Fundamentals
CDE:
$1.64
AG:
$0.60
CDE:
9.93
AG:
27.67
CDE:
0.09
AG:
0.49
CDE:
3.09
AG:
5.46
CDE:
$2.57B
AG:
$1.49B
CDE:
$909.07M
AG:
$646.49M
CDE:
$1.23B
AG:
$824.25M
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Return for Risk
CDE vs. AG — Risk / Return Rank
CDE
AG
CDE vs. AG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coeur Mining, Inc. (CDE) and First Majestic Silver Corp. (AG). 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.
| CDE | AG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.06 | -0.19 |
| Martin ratioReturn relative to average drawdown | 3.61 | 4.82 | -1.21 |
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Drawdowns
CDE vs. AG - Drawdown Comparison
The maximum CDE drawdown since its inception was -99.40%, which is greater than AG's maximum drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for CDE and AG.
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Drawdown Indicators
| CDE | AG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -90.20% | -9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -43.18% | -50.88% | +7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | -50.88% | +7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -77.44% | -73.18% | -4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -87.42% | -80.82% | -6.60% |
Current DrawdownCurrent decline from peak | -94.34% | -48.41% | -45.93% |
Average DrawdownAverage peak-to-trough decline | -81.50% | -59.15% | -22.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.36% | 21.74% | +0.62% |
Volatility
CDE vs. AG - Volatility Comparison
The current volatility for Coeur Mining, Inc. (CDE) is 22.87%, while First Majestic Silver Corp. (AG) has a volatility of 24.27%. This indicates that CDE experiences smaller price fluctuations and is considered to be less risky than AG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDE | AG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.87% | 24.27% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 55.89% | 58.70% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.05% | 74.54% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.53% | 61.91% | +6.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.92% | 62.08% | +6.84% |
Dividends
CDE vs. AG - Dividend Comparison
CDE's dividend yield for the trailing twelve months is around 0.12%, less than AG's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.21% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% |
CDE Coeur Mining, Inc. | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CDE vs. AG - Financials Comparison
This section allows you to compare key financial metrics between Coeur Mining, Inc. and First Majestic 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
CDE vs. AG - Profitability Comparison
CDE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coeur Mining, Inc. reported a gross profit of 0.00 and revenue of 856.19M. Therefore, the gross margin over that period was 0.0%.
AG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported a gross profit of 259.78M and revenue of 470.07M. Therefore, the gross margin over that period was 55.3%.
CDE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coeur Mining, Inc. reported an operating income of 349.17M and revenue of 856.19M, resulting in an operating margin of 40.8%.
AG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported an operating income of 232.71M and revenue of 470.07M, resulting in an operating margin of 49.5%.
CDE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coeur Mining, Inc. reported a net income of 246.76M and revenue of 856.19M, resulting in a net margin of 28.8%.
AG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported a net income of 126.32M and revenue of 470.07M, resulting in a net margin of 26.9%.
Frequently Asked Questions
CDE and AG have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (24.27%) compared to CDE (22.87%). In terms of maximum drawdown, CDE dropped -99.40% vs AG's -90.20%.
AG currently has the higher Sharpe Ratio (1.41 vs 1.12), 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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