MNS.TO vs. ATYM.L

Last updated Jun 4, 2026

MNS.TO (Royal Canadian Mint - Canadian Silver Reserves) is Silver fund tracking the N/A (Physical Bullion), while ATYM.L (Atalaya Mining Ltd) is a stock. Over the past 10 years, MNS.TO returned 16.17%/yr vs 24.11%/yr for ATYM.L. At a 0.13 correlation, their price movements are largely independent.

Performance

MNS.TO vs. ATYM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) and Atalaya Mining Ltd (ATYM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MNS.TO is traded in CAD, while ATYM.L is traded in GBp. To make them comparable, the ATYM.L values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MNS.TO achieves a -8.40% return, which is significantly lower than ATYM.L's 1.39% return. Over the past 10 years, MNS.TO has underperformed ATYM.L with an annualized return of 16.17%, while ATYM.L has yielded a comparatively higher 24.11% annualized return.

MNS.TO

• 1D: -2.02%
• 1M: 1.76%
• YTD: -8.40%
• 6M: 21.27%
• 1Y: 101.71%
• 3Y*: 47.34%
• 5Y*: 23.26%
• 10Y*: 16.17%

ATYM.L

• 1D: -2.03%
• 1M: 16.49%
• YTD: 1.39%
• 6M: 15.96%
• 1Y: 97.44%
• 3Y*: 46.44%
• 5Y*: 25.88%
• 10Y*: 24.11%

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

MNS.TO vs. ATYM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MNS.TO Royal Canadian Mint - Canadian Silver Reserves	-8.40%	161.12%	41.73%	-5.85%	5.27%	-15.46%	45.70%	9.85%	-1.65%	-1.63%
ATYM.L Atalaya Mining Ltd	1.39%	147.32%	7.77%	15.04%	-21.12%	85.52%	24.01%	-9.36%	29.94%	38.69%

Correlation

The correlation between MNS.TO and ATYM.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Nov 6, 2012	0.13

Over the past year, MNS.TO and ATYM.L have become more correlated (0.34) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

MNS.TO vs. ATYM.L — Risk / Return Rank

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

MNS.TO

MNS.TO Risk / Return Rank: 48
MNS.TO Sharpe Ratio Rank: 55
MNS.TO Sortino Ratio Rank: 39
MNS.TO Omega Ratio Rank: 56
MNS.TO Calmar Ratio Rank: 53
MNS.TO Martin Ratio Rank: 37

ATYM.L

ATYM.L Risk / Return Rank: 84
ATYM.L Sharpe Ratio Rank: 89
ATYM.L Sortino Ratio Rank: 84
ATYM.L Omega Ratio Rank: 84
ATYM.L Calmar Ratio Rank: 79
ATYM.L Martin Ratio Rank: 81

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.

MNS.TO vs. ATYM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) and Atalaya Mining Ltd (ATYM.L). 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.

	MNS.TO	ATYM.L	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.17	-0.28
Sortino ratio: Return per unit of downside risk	2.05	2.66	-0.61
Omega ratio: Gain probability vs. loss probability	1.35	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.67	2.55	+0.11
Martin ratio: Return relative to average drawdown	5.94	6.84	-0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MNS.TO vs. ATYM.L - Sharpe Ratio Comparison

The current MNS.TO Sharpe Ratio is 1.89, which is comparable to the ATYM.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of MNS.TO and ATYM.L, 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

	MNS.TO	ATYM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.17	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.64	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.60	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.17	+0.12

Drawdowns

MNS.TO vs. ATYM.L - Drawdown Comparison

The maximum MNS.TO drawdown since its inception was -51.12%, smaller than the maximum ATYM.L drawdown of -87.13%. Use the drawdown chart below to compare losses from any high point for MNS.TO and ATYM.L.

Drawdown Indicators

	MNS.TO	ATYM.L	Difference
Max Drawdown Largest peak-to-trough decline	-51.12%	-87.13%	+36.01%
Max Drawdown (1Y) Largest decline over 1 year	-38.31%	-37.93%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-38.31%	-37.93%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	-38.31%	-63.44%	+25.13%
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	-68.34%	+26.32%
Current Drawdown Current decline from peak	-31.98%	-20.66%	-11.32%
Average Drawdown Average peak-to-trough decline	-28.15%	-50.02%	+21.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.19%	14.21%	+2.98%

Volatility

MNS.TO vs. ATYM.L - Volatility Comparison

Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) and Atalaya Mining Ltd (ATYM.L) have volatilities of 15.55% and 15.77%, 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.

Volatility by Period

	MNS.TO	ATYM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.55%	15.77%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	52.13%	37.08%	+15.05%
Volatility (1Y) Calculated over the trailing 1-year period	54.03%	44.74%	+9.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.67%	40.33%	-5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.05%	40.10%	-8.05%

Dividends

MNS.TO vs. ATYM.L - Dividend Comparison

MNS.TO has not paid dividends to shareholders, while ATYM.L's dividend yield for the trailing twelve months is around 0.71%.

Position	TTM	2025	2024	2023	2022	2021
ATYM.L Atalaya Mining Ltd	0.71%	0.71%	1.72%	1.91%	2.12%	7.14%
MNS.TO Royal Canadian Mint - Canadian Silver Reserves	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MNS.TO and ATYM.L in my portfolio?

MNS.TO and ATYM.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.