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

Correlation

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.


-0.50.00.51.00.8

Performance

MAG vs. SIL - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
11.32%
4.03%
MAG
SIL

Key characteristics

Sharpe Ratio

MAG:

0.64

SIL:

0.58

Sortino Ratio

MAG:

1.20

SIL:

1.02

Omega Ratio

MAG:

1.14

SIL:

1.12

Calmar Ratio

MAG:

0.44

SIL:

0.29

Martin Ratio

MAG:

2.54

SIL:

2.00

Ulcer Index

MAG:

11.25%

SIL:

10.51%

Daily Std Dev

MAG:

44.71%

SIL:

36.32%

Max Drawdown

MAG:

-81.82%

SIL:

-82.99%

Current Drawdown

MAG:

-41.48%

SIL:

-58.38%

Returns By Period

In the year-to-date period, MAG achieves a 33.24% return, which is significantly higher than SIL's 19.21% return. Over the past 10 years, MAG has outperformed SIL with an annualized return of 7.73%, while SIL has yielded a comparatively lower 3.84% annualized return.


MAG

YTD

33.24%

1M

-12.10%

6M

11.32%

1Y

33.24%

5Y*

5.62%

10Y*

7.73%

SIL

YTD

19.21%

1M

-7.63%

6M

4.03%

1Y

21.05%

5Y*

3.36%

10Y*

3.84%

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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.


Sharpe ratio
The chart of Sharpe ratio for MAG, currently valued at 0.75, compared to the broader market-4.00-2.000.002.000.750.58
The chart of Sortino ratio for MAG, currently valued at 1.33, compared to the broader market-4.00-2.000.002.004.001.331.02
The chart of Omega ratio for MAG, currently valued at 1.16, compared to the broader market0.501.001.502.001.161.12
The chart of Calmar ratio for MAG, currently valued at 0.51, compared to the broader market0.002.004.006.000.510.29
The chart of Martin ratio for MAG, currently valued at 2.93, compared to the broader market0.0010.0020.002.932.00
MAG
SIL

The current MAG Sharpe Ratio is 0.64, which is comparable to the SIL Sharpe Ratio of 0.58. 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 Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.75
0.58
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 0.42%.


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
0.42%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%JulyAugustSeptemberOctoberNovemberDecember
-41.48%
-58.38%
MAG
SIL

Volatility

MAG vs. SIL - Volatility Comparison

The current volatility for MAG Silver Corp. (MAG) is 10.85%, while Global X Silver Miners ETF (SIL) has a volatility of 12.43%. This indicates that MAG experiences smaller price fluctuations and is considered to be less risky than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%JulyAugustSeptemberOctoberNovemberDecember
10.85%
12.43%
MAG
SIL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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