MAG vs. PAAS

Last updated Apr 2, 2026

Compare and contrast key facts about MAG Silver Corp. (MAG) and Pan American Silver Corp. (PAAS).

Performance

MAG vs. PAAS - Performance Comparison

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

MAG vs. PAAS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAG MAG Silver Corp.	0.00%	85.31%	30.64%	-33.40%	-0.26%	-23.64%	73.31%	62.19%	-40.94%	12.06%
PAAS Pan American Silver Corp.	7.56%	160.40%	26.61%	2.50%	-33.00%	-26.78%	46.88%	63.86%	-5.30%	3.86%

Fundamentals

Market Cap MAG : $2.56B PAAS : $23.46B
EPS MAG : $0.99 PAAS : $2.54
PE Ratio MAG : 24.61 PAAS : 21.88
PEG Ratio MAG : 0.18 PAAS : 0.12
PB Ratio MAG : 4.13 PAAS : 3.36
Total Revenue (TTM) MAG : $0.00 PAAS : $3.64B
Gross Profit (TTM) MAG : -$729.02K PAAS : $1.40B
EBITDA (TTM) MAG : $68.69M PAAS : $1.71B

Returns By Period

MAG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PAAS

• 1D: 1.74%
• 1M: -17.07%
• YTD: 7.56%
• 6M: 42.41%
• 1Y: 120.29%
• 3Y*: 48.00%
• 5Y*: 14.39%
• 10Y*: 19.26%

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

Return for Risk

MAG vs. PAAS — Risk / Return Rank

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

PAAS

PAAS Risk / Return Rank: 88
PAAS Sharpe Ratio Rank: 91
PAAS Sortino Ratio Rank: 84
PAAS Omega Ratio Rank: 86
PAAS Calmar Ratio Rank: 89
PAAS Martin Ratio Rank: 91

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.

MAG vs. PAAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAG Silver Corp. (MAG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MAG	PAAS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.17	—

Correlation

The correlation between MAG and PAAS is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MAG vs. PAAS - Dividend Comparison

MAG's dividend yield for the trailing twelve months is around 2.14%, more than PAAS's 0.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAG MAG Silver Corp.	2.14%	2.14%	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.	0.97%	0.89%	1.98%	2.45%	2.75%	1.36%	0.64%	0.59%	0.96%	0.64%	0.33%	4.23%

Drawdowns

Drawdown Indicators

	MAG	PAAS	Difference
Max Drawdown Largest peak-to-trough decline	—	-85.10%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-31.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.74%	—
Current Drawdown Current decline from peak	—	-18.88%	—
Average Drawdown Average peak-to-trough decline	—	-41.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.92%	—

Volatility

Volatility by Period

	MAG	PAAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	45.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	57.60%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	47.57%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	49.67%	—

Financials