IDR vs. PAAS

Last updated Jul 11, 2026

IDR (Idaho Strategic Resources, Inc.) and PAAS (Pan American Silver Corp.) are both stocks. Both are in the Basic Materials sector — IDR in Gold, PAAS in Silver. Over the past 10 years, IDR returned 33.74%/yr vs 10.72%/yr for PAAS. At a 0.15 correlation, their price movements are largely independent.

Performance

IDR vs. PAAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Idaho Strategic Resources, Inc. (IDR) and Pan American Silver Corp. (PAAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDR achieves a -23.67% return, which is significantly lower than PAAS's -15.21% return. Over the past 10 years, IDR has outperformed PAAS with an annualized return of 33.74%, while PAAS has yielded a comparatively lower 10.72% annualized return.

IDR

• 1D: -0.55%
• 1M: -10.87%
• 6M: -37.07%
• YTD: -23.67%
• 1Y: 83.53%
• 3Y*: 75.61%
• 5Y*: 44.40%
• 10Y*: 33.74%

PAAS

• 1D: -1.02%
• 1M: -6.15%
• 6M: -19.06%
• YTD: -15.21%
• 1Y: 45.94%
• 3Y*: 45.73%
• 5Y*: 11.13%
• 10Y*: 10.72%

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

IDR vs. PAAS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDR Idaho Strategic Resources, Inc.	-23.67%	295.49%	60.95%	11.07%	-23.39%	102.06%	93.38%	-15.00%	5.26%	26.67%
PAAS Pan American Silver Corp.	-15.21%	160.40%	26.61%	2.50%	-33.00%	-26.78%	46.88%	63.86%	-5.30%	3.86%

Correlation

The correlation between IDR and PAAS is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Feb 23, 2011	0.15

Over the past year, IDR and PAAS have become more correlated (0.52) than their long-term average of 0.15, meaning their price movements have been converging.

Fundamentals

Market Cap IDR : $486.31M PAAS : $18.40B
EPS IDR : $1.41 PAAS : $3.12
PE Ratio IDR : 21.82 PAAS : 13.98
PEG Ratio IDR : 0.03 PAAS : 0.08
PS Ratio IDR : 9.42 PAAS : 4.43
PB Ratio IDR : 4.21 PAAS : 2.51
Total Revenue (TTM) IDR : $49.61M PAAS : $4.02B
Gross Profit (TTM) IDR : $23.05M PAAS : $1.76B
EBITDA (TTM) IDR : $24.61M PAAS : $2.14B

Return for Risk

IDR vs. PAAS — Risk / Return Rank

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

IDR

IDR Risk / Return Rank: 75
IDR Sharpe Ratio Rank: 77
IDR Sortino Ratio Rank: 75
IDR Omega Ratio Rank: 72
IDR Calmar Ratio Rank: 77
IDR Martin Ratio Rank: 74

PAAS

PAAS Risk / Return Rank: 71
PAAS Sharpe Ratio Rank: 74
PAAS Sortino Ratio Rank: 70
PAAS Omega Ratio Rank: 69
PAAS Calmar Ratio Rank: 71
PAAS Martin Ratio Rank: 72

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.

IDR vs. PAAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Idaho Strategic Resources, Inc. (IDR) 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.

	IDR	PAAS	Difference
Sharpe ratio: Return per unit of total volatility	1.04	0.91	+0.13
Sortino ratio: Return per unit of downside risk	1.76	1.47	+0.29
Omega ratio: Gain probability vs. loss probability	1.21	1.19	+0.02
Calmar ratio: Return relative to maximum drawdown	1.81	1.36	+0.45
Martin ratio: Return relative to average drawdown	3.58	3.33	+0.25

IDR vs. PAAS - Sharpe Ratio Comparison

The current IDR Sharpe Ratio is 1.04, which is comparable to the PAAS Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of IDR and PAAS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDR vs. PAAS - Drawdown Comparison

The maximum IDR drawdown since its inception was -93.44%, which is greater than PAAS's maximum drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for IDR and PAAS.

Drawdown Indicators

	IDR	PAAS	Difference
Max Drawdown Largest peak-to-trough decline	-93.44%	-85.10%	-8.34%
Max Drawdown (1Y) Largest decline over 1 year	-49.96%	-37.62%	-12.34%
Max Drawdown (3Y) Largest decline over 3 years	-49.96%	-37.62%	-12.34%
Max Drawdown (5Y) Largest decline over 5 years	-62.42%	-57.39%	-5.03%
Max Drawdown (10Y) Largest decline over 10 years	-62.42%	-66.74%	+4.32%
Current Drawdown Current decline from peak	-41.59%	-36.06%	-5.53%
Average Drawdown Average peak-to-trough decline	-47.21%	-41.62%	-5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.27%	15.33%	+9.94%

Volatility

IDR vs. PAAS - Volatility Comparison

Idaho Strategic Resources, Inc. (IDR) has a higher volatility of 19.21% compared to Pan American Silver Corp. (PAAS) at 15.22%. This indicates that IDR'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.

Volatility by Period

	IDR	PAAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.21%	15.22%	+3.99%
Volatility (6M) Calculated over the trailing 6-month period	60.99%	44.86%	+16.13%
Volatility (1Y) Calculated over the trailing 1-year period	89.84%	56.23%	+33.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.07%	48.19%	+24.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.79%	49.60%	+36.19%

Dividends

IDR vs. PAAS - Dividend Comparison

IDR has not paid dividends to shareholders, while PAAS's dividend yield for the trailing twelve months is around 1.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDR Idaho Strategic Resources, Inc.	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.	1.42%	0.89%	1.98%	2.45%	2.75%	1.36%	0.64%	0.59%	0.96%	0.64%	0.33%	4.23%

Financials

IDR vs. PAAS - Profitability Comparison

The chart below illustrates the profitability comparison between Idaho Strategic Resources, Inc. and Pan American Silver Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

IDR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported a gross profit of 8.18M and revenue of 14.48M. Therefore, the gross margin over that period was 56.5%.

PAAS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.

IDR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported an operating income of 7.58M and revenue of 14.48M, resulting in an operating margin of 52.4%.

PAAS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.

IDR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported a net income of 6.39M and revenue of 14.48M, resulting in a net margin of 44.1%.

PAAS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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

Can I hold both IDR and PAAS in my portfolio?

IDR and PAAS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDR or PAAS?

IDR has higher volatility (19.21%) compared to PAAS (15.22%). In terms of maximum drawdown, IDR dropped -93.44% vs PAAS's -85.10%.

Which has better risk-adjusted returns?

IDR currently has the higher Sharpe Ratio (1.04 vs 0.91), 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.