HL vs. SSRM
HL (Hecla Mining Company) and SSRM (SSR Mining Inc.) are both stocks. Both are in the Basic Materials sector — HL in Other Precious Metals & Mining, SSRM in Gold. Over the past 10 years, HL returned 8.43%/yr vs 6.63%/yr for SSRM. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
HL vs. SSRM - Performance Comparison
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Returns By Period
In the year-to-date period, HL achieves a -26.39% return, which is significantly lower than SSRM's 16.88% return. Over the past 10 years, HL has outperformed SSRM with an annualized return of 8.43%, while SSRM has yielded a comparatively lower 6.63% annualized return.
HL
- 1D
- -5.43%
- 1M
- -9.43%
- 6M
- -37.28%
- YTD
- -26.39%
- 1Y
- 146.28%
- 3Y*
- 37.43%
- 5Y*
- 16.67%
- 10Y*
- 8.43%
- ALL TIME*
- -0.08%
SSRM
- 1D
- -3.97%
- 1M
- -11.13%
- 6M
- 12.22%
- YTD
- 16.88%
- 1Y
- 114.39%
- 3Y*
- 22.06%
- 5Y*
- 10.45%
- 10Y*
- 6.63%
- ALL TIME*
- 6.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $675.62M | $596.53M | $453.27M | |
SSRM SSR Mining Inc. | $78.06M | $81.55M | $92.56M |
HL vs. SSRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | -26.39% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
SSRM SSR Mining Inc. | 16.88% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 4.41% | 59.31% | 37.54% | -1.46% |
Correlation
The correlation between HL and SSRM is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 1996 | 0.59 |
The correlation between HL and SSRM shifts across timeframes, from 0.59 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HL:
$9.47B
SSRM:
$5.32B
HL:
$0.83
SSRM:
$3.26
HL:
17.01
SSRM:
7.85
HL:
0.07
SSRM:
0.12
HL:
6.05
SSRM:
2.93
HL:
3.71
SSRM:
1.26
HL:
$1.57B
SSRM:
$1.90B
HL:
$788.95M
SSRM:
$643.76M
HL:
$864.40M
SSRM:
$835.27M
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Return for Risk
HL vs. SSRM — Risk / Return Rank
HL
SSRM
HL vs. SSRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) and SSR Mining Inc. (SSRM). 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 | SSRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 3.68 | -1.04 |
| Martin ratioReturn relative to average drawdown | 4.75 | 8.07 | -3.32 |
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Drawdowns
HL vs. SSRM - Drawdown Comparison
The maximum HL drawdown since its inception was -97.92%, which is greater than SSRM's maximum drawdown of -91.68%. Use the drawdown chart below to compare losses from any high point for HL and SSRM.
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Drawdown Indicators
| HL | SSRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -91.68% | -6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -55.81% | -31.28% | -24.53% |
Max Drawdown (3Y)Largest decline over 3 years | -55.81% | -73.41% | +17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -55.81% | -83.16% | +27.35% |
Max Drawdown (10Y)Largest decline over 10 years | -82.45% | -83.16% | +0.71% |
Current DrawdownCurrent decline from peak | -55.59% | -41.14% | -14.45% |
Average DrawdownAverage peak-to-trough decline | -69.88% | -57.06% | -12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.92% | 14.23% | +16.69% |
Volatility
HL vs. SSRM - Volatility Comparison
Hecla Mining Company (HL) and SSR Mining Inc. (SSRM) have volatilities of 17.22% and 17.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HL | SSRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.22% | 17.57% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 51.30% | 55.14% | -3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.85% | 68.57% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.58% | 56.61% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.79% | 53.15% | +9.64% |
Dividends
HL vs. SSRM - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.11%, while SSRM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.11% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
SSRM SSR Mining Inc. | 0.00% | 0.00% | 0.00% | 2.60% | 1.79% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HL vs. SSRM - Financials Comparison
This section allows you to compare key financial metrics between Hecla Mining Company and SSR Mining Inc.. 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
HL vs. SSRM - Profitability Comparison
HL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Hecla Mining Company reported a gross profit of 253.26M and revenue of 411.43M. Therefore, the gross margin over that period was 61.6%.
SSRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, SSR Mining Inc. reported a gross profit of 0.00 and revenue of 581.78M. Therefore, the gross margin over that period was 0.0%.
HL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Hecla Mining Company reported an operating income of 223.11M and revenue of 411.43M, resulting in an operating margin of 54.2%.
SSRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, SSR Mining Inc. reported an operating income of 300.38M and revenue of 581.78M, resulting in an operating margin of 51.6%.
HL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Hecla Mining Company reported a net income of 266.45M and revenue of 411.43M, resulting in a net margin of 64.8%.
SSRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, SSR Mining Inc. reported a net income of 369.74M and revenue of 581.78M, resulting in a net margin of 63.6%.
Frequently Asked Questions
HL and SSRM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSRM has higher volatility (17.57%) compared to HL (17.22%). In terms of maximum drawdown, HL dropped -97.92% vs SSRM's -91.68%.
HL currently has the higher Sharpe Ratio (1.99 vs 1.68), 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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