IAG vs. PAAS
IAG (IAMGOLD Corporation) and PAAS (Pan American Silver Corp.) are both stocks. Both are in the Basic Materials sector — IAG in Gold, PAAS in Silver. Over the past 10 years, IAG returned 16.20%/yr vs 14.08%/yr for PAAS. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
IAG vs. PAAS - Performance Comparison
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Returns By Period
In the year-to-date period, IAG achieves a 0.97% return, which is significantly higher than PAAS's -6.53% return. Over the past 10 years, IAG has outperformed PAAS with an annualized return of 16.20%, while PAAS has yielded a comparatively lower 14.08% annualized return.
IAG
- 1D
- 3.16%
- 1M
- -1.94%
- YTD
- 0.97%
- 6M
- 5.11%
- 1Y
- 118.22%
- 3Y*
- 80.32%
- 5Y*
- 35.17%
- 10Y*
- 16.20%
PAAS
- 1D
- 3.46%
- 1M
- -14.37%
- YTD
- -6.53%
- 6M
- -2.63%
- 1Y
- 68.20%
- 3Y*
- 50.01%
- 5Y*
- 11.06%
- 10Y*
- 14.08%
IAG vs. PAAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | 0.97% | 219.57% | 103.95% | -1.94% | -17.57% | -14.71% | -1.61% | 1.36% | -36.88% | 51.43% |
PAAS Pan American Silver Corp. | -6.53% | 160.40% | 26.61% | 2.50% | -33.00% | -26.78% | 46.88% | 63.86% | -5.30% | 3.86% |
Correlation
The correlation between IAG and PAAS is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2003 | 0.72 |
The correlation between IAG and PAAS shifts across timeframes, from 0.72 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
IAG:
$9.89B
PAAS:
$20.31B
IAG:
$1.73
PAAS:
$3.21
IAG:
9.63
PAAS:
14.98
IAG:
0.06
PAAS:
0.08
IAG:
2.84
PAAS:
4.75
IAG:
2.28
PAAS:
2.76
IAG:
$3.42B
PAAS:
$4.02B
IAG:
$1.64B
PAAS:
$1.76B
IAG:
$1.97B
PAAS:
$2.14B
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Return for Risk
IAG vs. PAAS — Risk / Return Rank
IAG
PAAS
IAG vs. PAAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IAG) and Pan American Silver Corp. (PAAS). 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 | PAAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 1.95 | +1.12 |
| Martin ratioReturn relative to average drawdown | 7.68 | 5.44 | +2.24 |
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Drawdowns
IAG vs. PAAS - Drawdown Comparison
The maximum IAG drawdown since its inception was -95.55%, which is greater than PAAS's maximum drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for IAG and PAAS.
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Drawdown Indicators
| IAG | PAAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.55% | -85.10% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -39.60% | -35.33% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -39.60% | -35.33% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -73.69% | -57.62% | -16.07% |
Max Drawdown (10Y)Largest decline over 10 years | -86.46% | -66.74% | -19.72% |
Current DrawdownCurrent decline from peak | -32.23% | -29.51% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -56.18% | -41.64% | -14.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.80% | 12.63% | +3.17% |
Volatility
IAG vs. PAAS - Volatility Comparison
IAMGOLD Corporation (IAG) has a higher volatility of 20.86% compared to Pan American Silver Corp. (PAAS) at 18.82%. This indicates that IAG's price experiences larger fluctuations and is considered to be riskier than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAG | PAAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.86% | 18.82% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 49.19% | 44.62% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.99% | 55.23% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.55% | 47.97% | +12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.65% | 49.62% | +9.03% |
Dividends
IAG vs. PAAS - Dividend Comparison
IAG has not paid dividends to shareholders, while PAAS's dividend yield for the trailing twelve months is around 1.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAAS Pan American Silver Corp. | 1.29% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
Financials
IAG vs. PAAS - Financials Comparison
This section allows you to compare key financial metrics between IAMGOLD Corporation and Pan American 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. PAAS - Profitability Comparison
IAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
PAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a gross profit of 608.00M and revenue of 1.15B. Therefore, the gross margin over that period was 52.7%.
IAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.
PAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported an operating income of 560.00M and revenue of 1.15B, resulting in an operating margin of 48.5%.
IAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.
PAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a net income of 457.00M and revenue of 1.15B, resulting in a net margin of 39.6%.
Frequently Asked Questions
IAG and PAAS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAG has higher volatility (20.86%) compared to PAAS (18.82%). In terms of maximum drawdown, IAG dropped -95.55% vs PAAS's -85.10%.
IAG currently has the higher Sharpe Ratio (1.96 vs 1.25), 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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