HL vs. AGMI
HL (Hecla Mining Company) is a stock, while AGMI (Themes Silver Miners ETF) is Silver fund tracking the STOXX Global Silver Mining Index. Over the past year, HL returned 157.90% vs 77.19% for AGMI. Their correlation of 0.87 suggests significant overlap in exposure.
Performance
HL vs. AGMI - Performance Comparison
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Returns By Period
In the year-to-date period, HL achieves a -19.56% return, which is significantly lower than AGMI's -5.19% return.
HL
- 1D
- 0.19%
- 1M
- -13.17%
- YTD
- -19.56%
- 6M
- -20.80%
- 1Y
- 157.90%
- 3Y*
- 44.78%
- 5Y*
- 16.35%
- 10Y*
- 11.45%
AGMI
- 1D
- -0.26%
- 1M
- -15.37%
- YTD
- -5.19%
- 6M
- -6.87%
- 1Y
- 77.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HL vs. AGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HL Hecla Mining Company | -19.56% | 291.70% | 3.53% |
AGMI Themes Silver Miners ETF | -5.19% | 176.11% | -0.74% |
Correlation
The correlation between HL and AGMI is 0.88, 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 | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 3, 2024 | 0.87 |
The correlation between HL and AGMI has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
HL vs. AGMI — Risk / Return Rank
HL
AGMI
HL vs. AGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) and Themes Silver Miners ETF (AGMI). 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.
| HL | AGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.26 | +0.59 |
| Martin ratioReturn relative to average drawdown | 5.91 | 5.34 | +0.57 |
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Drawdowns
HL vs. AGMI - Drawdown Comparison
The maximum HL drawdown since its inception was -97.92%, which is greater than AGMI's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for HL and AGMI.
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Drawdown Indicators
| HL | AGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -34.40% | -63.52% |
Max Drawdown (1Y)Largest decline over 1 year | -55.81% | -34.40% | -21.41% |
Max Drawdown (3Y)Largest decline over 3 years | -55.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -55.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -82.45% | — | — |
Current DrawdownCurrent decline from peak | -51.47% | -31.58% | -19.89% |
Average DrawdownAverage peak-to-trough decline | -69.91% | -9.78% | -60.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.84% | 14.51% | +12.33% |
Volatility
HL vs. AGMI - Volatility Comparison
Hecla Mining Company (HL) has a higher volatility of 21.36% compared to Themes Silver Miners ETF (AGMI) at 19.24%. This indicates that HL's price experiences larger fluctuations and is considered to be riskier than AGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HL | AGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.36% | 19.24% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 54.58% | 44.02% | +10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.45% | 51.85% | +21.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.39% | 44.98% | +14.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.83% | 44.98% | +17.85% |
Dividends
HL vs. AGMI - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.10%, less than AGMI's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGMI Themes Silver Miners ETF | 4.67% | 4.43% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
Frequently Asked Questions
HL and AGMI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (21.36%) compared to AGMI (19.24%). In terms of maximum drawdown, HL dropped -97.92% vs AGMI's -34.40%.
HL currently has the higher Sharpe Ratio (2.16 vs 1.50), 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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