DSVSF vs. PAAS

Last updated Jun 4, 2026

DSVSF (Discovery Silver Corp) and PAAS (Pan American Silver Corp.) are both stocks. Both operate in the Silver industry within the Basic Materials sector. Over the past 5 years, DSVSF returned 23.27%/yr vs 12.48%/yr for PAAS. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

DSVSF vs. PAAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Discovery Silver Corp (DSVSF) and Pan American Silver Corp. (PAAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSVSF achieves a -3.14% return, which is significantly lower than PAAS's 2.11% return.

DSVSF

• 1D: -8.50%
• 1M: -2.00%
• YTD: -3.14%
• 6M: 2.07%
• 1Y: 126.82%
• 3Y*: 101.37%
• 5Y*: 23.27%
• 10Y*: —

PAAS

• 1D: -4.73%
• 1M: 3.23%
• YTD: 2.11%
• 6M: 19.04%
• 1Y: 102.99%
• 3Y*: 53.12%
• 5Y*: 12.48%
• 10Y*: 14.59%

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

DSVSF vs. PAAS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DSVSF Discovery Silver Corp	-3.14%	1,173.33%	-16.38%	-42.60%	-39.39%	7.84%	194.37%	148.77%	-25.11%
PAAS Pan American Silver Corp.	2.11%	160.40%	26.61%	2.50%	-33.00%	-26.78%	46.88%	63.86%	-5.00%

Correlation

The correlation between DSVSF and PAAS is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 16, 2018	0.55

The correlation between DSVSF and PAAS shifts across timeframes, from 0.55 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DSVSF : $4.84B PAAS : $22.19B
EPS DSVSF : $0.26 PAAS : $3.21
PE Ratio DSVSF : 22.71 PAAS : 16.37
PEG Ratio DSVSF : 0.06 PAAS : 0.09
PS Ratio DSVSF : 5.10 PAAS : 5.19
PB Ratio DSVSF : 7.28 PAAS : 3.02
Total Revenue (TTM) DSVSF : $938.29M PAAS : $4.02B
Gross Profit (TTM) DSVSF : $474.08M PAAS : $1.76B
EBITDA (TTM) DSVSF : $487.98M PAAS : $2.14B

Return for Risk

DSVSF vs. PAAS — Risk / Return Rank

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

DSVSF

DSVSF Risk / Return Rank: 81
DSVSF Sharpe Ratio Rank: 84
DSVSF Sortino Ratio Rank: 79
DSVSF Omega Ratio Rank: 76
DSVSF Calmar Ratio Rank: 85
DSVSF Martin Ratio Rank: 85

PAAS

PAAS Risk / Return Rank: 83
PAAS Sharpe Ratio Rank: 86
PAAS Sortino Ratio Rank: 80
PAAS Omega Ratio Rank: 80
PAAS Calmar Ratio Rank: 83
PAAS Martin Ratio Rank: 85

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.

DSVSF vs. PAAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Discovery Silver Corp (DSVSF) 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.

	DSVSF	PAAS	Difference
Sharpe ratio Return per unit of total volatility	1.65	1.91	-0.26
Sortino ratio Return per unit of downside risk	2.22	2.35	-0.13
Omega ratio Gain probability vs. loss probability	1.27	1.31	-0.05
Calmar ratio Return relative to maximum drawdown	3.38	3.25	+0.13
Martin ratio Return relative to average drawdown	8.66	8.94	-0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSVSF vs. PAAS - Sharpe Ratio Comparison

The current DSVSF Sharpe Ratio is 1.65, which is comparable to the PAAS Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of DSVSF and PAAS, 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

	DSVSF	PAAS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.91	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.26	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.17	+0.48

Drawdowns

DSVSF vs. PAAS - Drawdown Comparison

The maximum DSVSF drawdown since its inception was -81.65%, roughly equal to the maximum PAAS drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for DSVSF and PAAS.

Drawdown Indicators

	DSVSF	PAAS	Difference
Max Drawdown Largest peak-to-trough decline	-81.65%	-85.10%	+3.45%
Max Drawdown (1Y) Largest decline over 1 year	-37.74%	-31.90%	-5.84%
Max Drawdown (3Y) Largest decline over 3 years	-58.55%	-31.90%	-26.65%
Max Drawdown (5Y) Largest decline over 5 years	-81.65%	-60.02%	-21.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.74%	—
Current Drawdown Current decline from peak	-31.88%	-23.00%	-8.88%
Average Drawdown Average peak-to-trough decline	-39.68%	-41.65%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.73%	11.56%	+3.17%

Volatility

DSVSF vs. PAAS - Volatility Comparison

Discovery Silver Corp (DSVSF) has a higher volatility of 24.08% compared to Pan American Silver Corp. (PAAS) at 19.51%. This indicates that DSVSF's price experiences larger fluctuations and is considered to be riskier than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSVSF	PAAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.08%	19.51%	+4.57%
Volatility (6M) Calculated over the trailing 6-month period	56.83%	43.94%	+12.89%
Volatility (1Y) Calculated over the trailing 1-year period	77.70%	54.18%	+23.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.06%	47.69%	+28.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.79%	49.48%	+36.31%

Dividends

DSVSF vs. PAAS - Dividend Comparison

DSVSF has not paid dividends to shareholders, while PAAS's dividend yield for the trailing twelve months is around 1.18%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSVSF Discovery 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%
PAAS Pan American Silver Corp.	1.18%	0.89%	1.98%	2.45%	2.75%	1.36%	0.64%	0.59%	0.96%	0.64%	0.33%	4.23%

Financials

DSVSF vs. PAAS - Profitability Comparison

The chart below illustrates the profitability comparison between Discovery Silver Corp and Pan American Silver Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DSVSF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Discovery Silver Corp reported a gross profit of 156.52M and revenue of 281.09M. Therefore, the gross margin over that period was 55.7%.

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%.

DSVSF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Discovery Silver Corp reported an operating income of 136.47M and revenue of 281.09M, resulting in an operating margin of 48.6%.

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%.

DSVSF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Discovery Silver Corp reported a net income of 80.55M and revenue of 281.09M, resulting in a net margin of 28.7%.

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

Can I hold both DSVSF and PAAS in my portfolio?

DSVSF and PAAS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSVSF or PAAS?

DSVSF has higher volatility (24.08%) compared to PAAS (19.51%). In terms of maximum drawdown, DSVSF dropped -81.65% vs PAAS's -85.10%.

Which has better risk-adjusted returns?

PAAS currently has the higher Sharpe Ratio (1.91 vs 1.65), 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.