MAU.TO vs. HSLV.TO

Last updated Jun 4, 2026

MAU.TO (Montage Gold Corp) and HSLV.TO (Highlander Silver Corp) are both stocks. Both are in the Basic Materials sector — MAU.TO in Gold, HSLV.TO in Silver. Over the past year, MAU.TO returned 234.40% vs 180.66% for HSLV.TO. At a 0.48 correlation, their price movements are largely independent.

Performance

MAU.TO vs. HSLV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Montage Gold Corp (MAU.TO) and Highlander Silver Corp (HSLV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAU.TO achieves a 58.40% return, which is significantly higher than HSLV.TO's 28.44% return.

MAU.TO

• 1D: -5.50%
• 1M: 17.05%
• YTD: 58.40%
• 6M: 81.98%
• 1Y: 234.40%
• 3Y*: 190.25%
• 5Y*: 75.13%
• 10Y*: —

HSLV.TO

• 1D: -4.75%
• 1M: -9.31%
• YTD: 28.44%
• 6M: 52.23%
• 1Y: 180.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAU.TO vs. HSLV.TO - Yearly Performance Comparison

	2026 (YTD)	2025
MAU.TO Montage Gold Corp	58.40%	148.87%
HSLV.TO Highlander Silver Corp	28.44%	144.70%

Correlation

The correlation between MAU.TO and HSLV.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since May 7, 2025	0.48

Return for Risk

MAU.TO vs. HSLV.TO — Risk / Return Rank

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

MAU.TO

MAU.TO Risk / Return Rank: 96
MAU.TO Sharpe Ratio Rank: 98
MAU.TO Sortino Ratio Rank: 94
MAU.TO Omega Ratio Rank: 93
MAU.TO Calmar Ratio Rank: 97
MAU.TO Martin Ratio Rank: 98

HSLV.TO

HSLV.TO Risk / Return Rank: 89
HSLV.TO Sharpe Ratio Rank: 91
HSLV.TO Sortino Ratio Rank: 87
HSLV.TO Omega Ratio Rank: 84
HSLV.TO Calmar Ratio Rank: 92
HSLV.TO 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.

MAU.TO vs. HSLV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Montage Gold Corp (MAU.TO) and Highlander Silver Corp (HSLV.TO). 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.

	MAU.TO	HSLV.TO	Difference
Sharpe ratio Return per unit of total volatility	4.12	2.42	+1.70
Sortino ratio Return per unit of downside risk	3.87	2.90	+0.97
Omega ratio Gain probability vs. loss probability	1.51	1.35	+0.16
Calmar ratio Return relative to maximum drawdown	9.16	5.18	+3.98
Martin ratio Return relative to average drawdown	29.52	13.05	+16.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAU.TO vs. HSLV.TO - Sharpe Ratio Comparison

The current MAU.TO Sharpe Ratio is 4.12, which is higher than the HSLV.TO Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of MAU.TO and HSLV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAU.TO	HSLV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.12	2.42	+1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	2.62	-1.52

Drawdowns

MAU.TO vs. HSLV.TO - Drawdown Comparison

The maximum MAU.TO drawdown since its inception was -57.89%, which is greater than HSLV.TO's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for MAU.TO and HSLV.TO.

Drawdown Indicators

	MAU.TO	HSLV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-57.89%	-35.12%	-22.77%
Max Drawdown (1Y) Largest decline over 1 year	-25.76%	-35.12%	+9.36%
Max Drawdown (3Y) Largest decline over 3 years	-25.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.47%	—	—
Current Drawdown Current decline from peak	-8.10%	-34.55%	+26.45%
Average Drawdown Average peak-to-trough decline	-25.64%	-9.50%	-16.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.00%	13.90%	-5.90%

Volatility

MAU.TO vs. HSLV.TO - Volatility Comparison

The current volatility for Montage Gold Corp (MAU.TO) is 19.97%, while Highlander Silver Corp (HSLV.TO) has a volatility of 23.32%. This indicates that MAU.TO experiences smaller price fluctuations and is considered to be less risky than HSLV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAU.TO	HSLV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.97%	23.32%	-3.35%
Volatility (6M) Calculated over the trailing 6-month period	46.37%	59.14%	-12.77%
Volatility (1Y) Calculated over the trailing 1-year period	57.30%	75.42%	-18.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.90%	73.13%	-19.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.41%	73.13%	-18.72%

Dividends

MAU.TO vs. HSLV.TO - Dividend Comparison

Neither MAU.TO nor HSLV.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both MAU.TO and HSLV.TO in my portfolio?

MAU.TO and HSLV.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.