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MAG vs. SIL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


MAGSIL
YTD Return46.01%24.20%
1Y Return46.72%42.81%
3Y Return (Ann)-10.04%-4.72%
5Y Return (Ann)8.71%4.77%
10Y Return (Ann)7.46%3.16%
Sharpe Ratio1.031.22
Sortino Ratio1.661.78
Omega Ratio1.191.22
Calmar Ratio0.710.60
Martin Ratio3.244.48
Ulcer Index14.27%9.64%
Daily Std Dev44.86%35.56%
Max Drawdown-81.82%-82.99%
Current Drawdown-35.86%-56.63%

Correlation

-0.50.00.51.00.8

The correlation between MAG and SIL is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

MAG vs. SIL - Performance Comparison

In the year-to-date period, MAG achieves a 46.01% return, which is significantly higher than SIL's 24.20% return. Over the past 10 years, MAG has outperformed SIL with an annualized return of 7.46%, while SIL has yielded a comparatively lower 3.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
13.60%
4.90%
MAG
SIL

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Risk-Adjusted Performance

MAG vs. SIL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MAG Silver Corp. (MAG) and Global X Silver Miners ETF (SIL). 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.


MAG
Sharpe ratio
The chart of Sharpe ratio for MAG, currently valued at 1.03, compared to the broader market-4.00-2.000.002.004.001.03
Sortino ratio
The chart of Sortino ratio for MAG, currently valued at 1.66, compared to the broader market-4.00-2.000.002.004.006.001.66
Omega ratio
The chart of Omega ratio for MAG, currently valued at 1.19, compared to the broader market0.501.001.502.001.19
Calmar ratio
The chart of Calmar ratio for MAG, currently valued at 0.71, compared to the broader market0.002.004.006.000.71
Martin ratio
The chart of Martin ratio for MAG, currently valued at 3.23, compared to the broader market0.0010.0020.0030.003.24
SIL
Sharpe ratio
The chart of Sharpe ratio for SIL, currently valued at 1.22, compared to the broader market-4.00-2.000.002.004.001.22
Sortino ratio
The chart of Sortino ratio for SIL, currently valued at 1.78, compared to the broader market-4.00-2.000.002.004.006.001.78
Omega ratio
The chart of Omega ratio for SIL, currently valued at 1.22, compared to the broader market0.501.001.502.001.22
Calmar ratio
The chart of Calmar ratio for SIL, currently valued at 0.60, compared to the broader market0.002.004.006.000.60
Martin ratio
The chart of Martin ratio for SIL, currently valued at 4.48, compared to the broader market0.0010.0020.0030.004.48

MAG vs. SIL - Sharpe Ratio Comparison

The current MAG Sharpe Ratio is 1.03, which is comparable to the SIL Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of MAG and SIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.03
1.22
MAG
SIL

Dividends

MAG vs. SIL - Dividend Comparison

MAG has not paid dividends to shareholders, while SIL's dividend yield for the trailing twelve months is around 0.41%.


TTM20232022202120202019201820172016201520142013
MAG
MAG Silver Corp.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SIL
Global X Silver Miners ETF
0.41%0.59%0.48%1.59%1.92%1.53%1.22%0.02%3.34%0.38%0.08%0.66%

Drawdowns

MAG vs. SIL - Drawdown Comparison

The maximum MAG drawdown since its inception was -81.82%, roughly equal to the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for MAG and SIL. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%JuneJulyAugustSeptemberOctoberNovember
-35.86%
-56.63%
MAG
SIL

Volatility

MAG vs. SIL - Volatility Comparison

MAG Silver Corp. (MAG) and Global X Silver Miners ETF (SIL) have volatilities of 13.35% and 13.20%, 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.


8.00%10.00%12.00%14.00%16.00%JuneJulyAugustSeptemberOctoberNovember
13.35%
13.20%
MAG
SIL