HL vs. SLVR.L
HL (Hecla Mining Company) is a stock, while SLVR.L (WisdomTree Silver) is Silver fund tracking the Bloomberg Silver Subindex. Over the past 10 years, HL returned 13.95%/yr vs 11.93%/yr for SLVR.L. At a 0.49 correlation, their price movements are largely independent.
Performance
HL vs. SLVR.L - Performance Comparison
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Returns By Period
In the year-to-date period, HL achieves a -20.29% return, which is significantly lower than SLVR.L's -5.05% return. Over the past 10 years, HL has outperformed SLVR.L with an annualized return of 13.95%, while SLVR.L has yielded a comparatively lower 11.93% annualized return.
HL
- 1D
- 2.00%
- 1M
- -27.35%
- YTD
- -20.29%
- 6M
- -18.68%
- 1Y
- 155.56%
- 3Y*
- 42.93%
- 5Y*
- 11.61%
- 10Y*
- 13.95%
SLVR.L
- 1D
- 5.86%
- 1M
- -23.83%
- YTD
- -5.05%
- 6M
- 8.51%
- 1Y
- 82.42%
- 3Y*
- 38.81%
- 5Y*
- 16.91%
- 10Y*
- 11.93%
HL vs. SLVR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | -20.29% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
SLVR.L WisdomTree Silver | -5.05% | 136.69% | 20.17% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.15% | 1.46% |
Correlation
The correlation between HL and SLVR.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.49 |
The correlation between HL and SLVR.L shifts across timeframes, from 0.49 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HL vs. SLVR.L — Risk / Return Rank
HL
SLVR.L
HL vs. SLVR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) and WisdomTree Silver (SLVR.L). 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 | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.86 | +0.94 |
| Martin ratioReturn relative to average drawdown | 6.33 | 4.15 | +2.19 |
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Drawdowns
HL vs. SLVR.L - Drawdown Comparison
The maximum HL drawdown since its inception was -97.92%, which is greater than SLVR.L's maximum drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for HL and SLVR.L.
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Drawdown Indicators
| HL | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -80.08% | -17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -55.81% | -44.09% | -11.72% |
Max Drawdown (3Y)Largest decline over 3 years | -55.81% | -44.09% | -11.72% |
Max Drawdown (5Y)Largest decline over 5 years | -61.90% | -44.09% | -17.81% |
Max Drawdown (10Y)Largest decline over 10 years | -82.45% | -46.91% | -35.54% |
Current DrawdownCurrent decline from peak | -51.91% | -40.82% | -11.09% |
Average DrawdownAverage peak-to-trough decline | -69.93% | -52.50% | -17.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.67% | 19.82% | +4.85% |
Volatility
HL vs. SLVR.L - Volatility Comparison
Hecla Mining Company (HL) has a higher volatility of 22.72% compared to WisdomTree Silver (SLVR.L) at 15.99%. This indicates that HL's price experiences larger fluctuations and is considered to be riskier than SLVR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HL | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.72% | 15.99% | +6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 54.93% | 56.65% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.59% | 59.58% | +13.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.35% | 37.07% | +22.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.77% | 32.07% | +30.70% |
Dividends
HL vs. SLVR.L - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.10%, while SLVR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SLVR.L WisdomTree Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HL and SLVR.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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