HL vs. ASM

Last updated Apr 1, 2026

Compare and contrast key facts about Hecla Mining Company (HL) and Avino Silver & Gold Mines Ltd. (ASM).

Performance

HL vs. ASM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hecla Mining Company (HL) and Avino Silver & Gold Mines Ltd. (ASM). The values are adjusted to include any dividend payments, if applicable.

HL vs. ASM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HL Hecla Mining Company	-2.90%	291.70%	2.82%	-12.93%	6.99%	-18.97%	91.83%	44.43%	-40.37%	-24.08%
ASM Avino Silver & Gold Mines Ltd.	1.77%	604.88%	68.13%	-22.95%	-21.01%	-33.77%	124.14%	-4.92%	-54.48%	-2.19%

Fundamentals

Market Cap HL : $12.55B ASM : $1.04B
EPS HL : $0.65 ASM : $0.17
PE Ratio HL : 28.58 ASM : 37.39
PEG Ratio HL : 0.12 ASM : 0.11
PS Ratio HL : 8.66 ASM : 11.37
PB Ratio HL : 4.84 ASM : 4.45
Total Revenue (TTM) HL : $1.42B ASM : $88.12M
Gross Profit (TTM) HL : $622.20M ASM : $44.14M
EBITDA (TTM) HL : $563.50M ASM : $39.90M

Returns By Period

In the year-to-date period, HL achieves a -2.90% return, which is significantly lower than ASM's 1.77% return. Over the past 10 years, HL has outperformed ASM with an annualized return of 21.20%, while ASM has yielded a comparatively lower 20.13% annualized return.

HL

• 1D: 8.19%
• 1M: -25.20%
• YTD: -2.90%
• 6M: 54.04%
• 1Y: 235.64%
• 3Y*: 44.02%
• 5Y*: 26.35%
• 10Y*: 21.20%

ASM

• 1D: 8.78%
• 1M: -34.30%
• YTD: 1.77%
• 6M: 20.38%
• 1Y: 243.48%
• 3Y*: 92.57%
• 5Y*: 37.41%
• 10Y*: 20.13%

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

Return for Risk

HL vs. ASM — Risk / Return Rank

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

HL

HL Risk / Return Rank: 94
HL Sharpe Ratio Rank: 97
HL Sortino Ratio Rank: 93
HL Omega Ratio Rank: 92
HL Calmar Ratio Rank: 94
HL Martin Ratio Rank: 94

ASM

ASM Risk / Return Rank: 93
ASM Sharpe Ratio Rank: 96
ASM Sortino Ratio Rank: 92
ASM Omega Ratio Rank: 89
ASM Calmar Ratio Rank: 92
ASM Martin Ratio Rank: 93

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.

HL vs. ASM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) and Avino Silver & Gold Mines Ltd. (ASM). 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.

	HL	ASM	Difference
Sharpe ratio Return per unit of total volatility	3.22	2.93	+0.29
Sortino ratio Return per unit of downside risk	3.19	3.03	+0.16
Omega ratio Gain probability vs. loss probability	1.41	1.38	+0.03
Calmar ratio Return relative to maximum drawdown	4.99	4.47	+0.51
Martin ratio Return relative to average drawdown	14.37	13.63	+0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HL vs. ASM - Sharpe Ratio Comparison

The current HL Sharpe Ratio is 3.22, which is comparable to the ASM Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of HL and ASM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HL	ASM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.22	2.93	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.58	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.29	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.09	-0.08

Correlation

The correlation between HL and ASM is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HL vs. ASM - Dividend Comparison

HL's dividend yield for the trailing twelve months is around 0.08%, while ASM has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HL Hecla Mining Company	0.08%	0.08%	0.81%	0.65%	0.40%	0.72%	0.25%	0.29%	0.42%	0.25%	0.19%	0.53%
ASM Avino Silver & Gold Mines Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HL vs. ASM - Drawdown Comparison

The maximum HL drawdown since its inception was -97.92%, roughly equal to the maximum ASM drawdown of -94.10%. Use the drawdown chart below to compare losses from any high point for HL and ASM.

Drawdown Indicators

	HL	ASM	Difference
Max Drawdown Largest peak-to-trough decline	-97.92%	-94.10%	-3.82%
Max Drawdown (1Y) Largest decline over 1 year	-45.95%	-52.40%	+6.45%
Max Drawdown (5Y) Largest decline over 5 years	-63.30%	-70.08%	+6.78%
Max Drawdown (10Y) Largest decline over 10 years	-82.45%	-90.91%	+8.46%
Current Drawdown Current decline from peak	-41.42%	-43.77%	+2.35%
Average Drawdown Average peak-to-trough decline	-70.07%	-64.02%	-6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.94%	17.20%	-1.26%

Volatility

HL vs. ASM - Volatility Comparison

The current volatility for Hecla Mining Company (HL) is 21.65%, while Avino Silver & Gold Mines Ltd. (ASM) has a volatility of 28.16%. This indicates that HL experiences smaller price fluctuations and is considered to be less risky than ASM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HL	ASM	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.65%	28.16%	-6.51%
Volatility (6M) Calculated over the trailing 6-month period	58.14%	67.30%	-9.16%
Volatility (1Y) Calculated over the trailing 1-year period	73.63%	83.71%	-10.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.68%	65.03%	-5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.97%	70.32%	-7.35%

Financials

HL vs. ASM - Profitability Comparison

The chart below illustrates the profitability comparison between Hecla Mining Company and Avino Silver & Gold Mines Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hecla Mining Company reported a gross profit of 248.21M and revenue of 448.11M. Therefore, the gross margin over that period was 55.4%.

ASM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Avino Silver & Gold Mines Ltd. reported a gross profit of 13.45M and revenue of 26.44M. Therefore, the gross margin over that period was 50.9%.

HL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hecla Mining Company reported an operating income of 220.04M and revenue of 448.11M, resulting in an operating margin of 49.1%.

ASM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Avino Silver & Gold Mines Ltd. reported an operating income of 9.80M and revenue of 26.44M, resulting in an operating margin of 37.1%.

HL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hecla Mining Company reported a net income of 134.41M and revenue of 448.11M, resulting in a net margin of 30.0%.

ASM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Avino Silver & Gold Mines Ltd. reported a net income of 10.62M and revenue of 26.44M, resulting in a net margin of 40.2%.