IAG vs. AG
IAG (IAMGOLD Corporation) and AG (First Majestic Silver Corp.) are both stocks. Both are in the Basic Materials sector — IAG in Gold, AG in Silver. Over the past 10 years, IAG returned 10.35%/yr vs -1.67%/yr for AG. Their 0.73 correlation means they have sometimes moved together and sometimes differently.
Performance
IAG vs. AG - Performance Comparison
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Returns By Period
In the year-to-date period, IAG achieves a -13.95% return, which is significantly lower than AG's -9.68% return. Over the past 10 years, IAG has outperformed AG with an annualized return of 10.35%, while AG has yielded a comparatively lower -1.67% annualized return.
IAG
- 1D
- -2.54%
- 1M
- -10.02%
- 6M
- -21.95%
- YTD
- -13.95%
- 1Y
- 109.91%
- 3Y*
- 76.06%
- 5Y*
- 38.95%
- 10Y*
- 10.35%
- ALL TIME*
- 5.33%
AG
- 1D
- -4.21%
- 1M
- -11.80%
- 6M
- -27.79%
- YTD
- -9.68%
- 1Y
- 89.46%
- 3Y*
- 33.31%
- 5Y*
- 2.14%
- 10Y*
- -1.67%
- ALL TIME*
- 0.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $178.27M | $175.82M | $226.19M | |
| $76.33M | $73.71M | $89.43M |
IAG vs. AG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | -13.95% | 219.57% | 103.95% | -1.94% | -17.57% | -14.71% | -1.61% | 1.36% | -36.88% | 51.43% |
AG First Majestic Silver Corp. | -9.68% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
Correlation
The correlation between IAG and AG is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.73 |
The correlation between IAG and AG has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
Fundamentals
IAG:
$8.20B
AG:
$7.41B
IAG:
$1.73
AG:
$0.70
IAG:
8.22
AG:
21.51
IAG:
0.05
AG:
0.38
IAG:
2.43
AG:
4.54
IAG:
1.94
AG:
2.54
IAG:
$3.42B
AG:
$1.64B
IAG:
$1.64B
AG:
$863.95M
IAG:
$1.97B
AG:
$1.02B
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Return for Risk
IAG vs. AG — Risk / Return Rank
IAG
AG
IAG vs. AG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IAG) and First Majestic Silver Corp. (AG). 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.
| IAG | AG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.70 | +0.86 |
| Martin ratioReturn relative to average drawdown | 5.35 | 3.35 | +2.00 |
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Drawdowns
IAG vs. AG - Drawdown Comparison
The maximum IAG drawdown since its inception was -95.55%, which is greater than AG's maximum drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for IAG and AG.
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Drawdown Indicators
| IAG | AG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.55% | -90.20% | -5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -43.30% | -53.00% | +9.70% |
Max Drawdown (3Y)Largest decline over 3 years | -43.30% | -53.00% | +9.70% |
Max Drawdown (5Y)Largest decline over 5 years | -73.69% | -70.28% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -86.46% | -80.82% | -5.64% |
Current DrawdownCurrent decline from peak | -42.25% | -53.00% | +10.75% |
Average DrawdownAverage peak-to-trough decline | -56.07% | -59.08% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.61% | 26.79% | -6.18% |
Volatility
IAG vs. AG - Volatility Comparison
The current volatility for IAMGOLD Corporation (IAG) is 15.14%, while First Majestic Silver Corp. (AG) has a volatility of 18.02%. This indicates that IAG experiences smaller price fluctuations and is considered to be less risky than AG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAG | AG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | 18.02% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 48.40% | 57.35% | -8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.98% | 74.97% | -11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.60% | 62.17% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.53% | 61.87% | -3.34% |
Dividends
IAG vs. AG - Dividend Comparison
IAG has not paid dividends to shareholders, while AG's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.24% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% |
IAG IAMGOLD Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
IAG vs. AG - Financials Comparison
This section allows you to compare key financial metrics between IAMGOLD Corporation and First Majestic Silver Corp.. 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
IAG vs. AG - Profitability Comparison
IAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, IAMGOLD Corporation reported a gross profit of 570.70M and revenue of 1.03B. Therefore, the gross margin over that period was 55.4%.
AG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, First Majestic Silver Corp. reported a gross profit of 266.81M and revenue of 415.50M. Therefore, the gross margin over that period was 64.2%.
IAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.
AG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, First Majestic Silver Corp. reported an operating income of 197.54M and revenue of 415.50M, resulting in an operating margin of 47.5%.
IAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.
AG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, First Majestic Silver Corp. reported a net income of 109.43M and revenue of 415.50M, resulting in a net margin of 26.3%.
Frequently Asked Questions
IAG and AG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (18.02%) compared to IAG (15.14%). In terms of maximum drawdown, IAG dropped -95.55% vs AG's -90.20%.
IAG currently has the higher Sharpe Ratio (1.75 vs 1.20), 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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