MSA.TO vs. ^SPTSX60

Last updated Jun 4, 2026

MSA.TO (Mineros S.A.) is a stock, while ^SPTSX60 (S&P/TSX 60 Index) is an index. Over the past 3 years, MSA.TO returned 128.00%/yr vs 19.02%/yr for ^SPTSX60. At a 0.22 correlation, their price movements are largely independent.

Performance

MSA.TO vs. ^SPTSX60 - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mineros S.A. (MSA.TO) and S&P/TSX 60 Index (^SPTSX60). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSA.TO achieves a 5.25% return, which is significantly lower than ^SPTSX60's 9.10% return.

MSA.TO

• 1D: -3.78%
• 1M: 18.18%
• YTD: 5.25%
• 6M: 1.98%
• 1Y: 138.79%
• 3Y*: 128.00%
• 5Y*: —
• 10Y*: —

^SPTSX60

• 1D: -0.89%
• 1M: 3.34%
• YTD: 9.10%
• 6M: 10.83%
• 1Y: 28.43%
• 3Y*: 19.02%
• 5Y*: 11.09%
• 10Y*: 9.35%

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

MSA.TO vs. ^SPTSX60 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MSA.TO Mineros S.A.	5.25%	300.29%	159.66%	7.19%	-31.80%	-0.88%
^SPTSX60 S&P/TSX 60 Index	9.10%	25.48%	17.19%	8.21%	-9.17%	-1.02%

Correlation

The correlation between MSA.TO and ^SPTSX60 is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021	0.22

The correlation between MSA.TO and ^SPTSX60 shifts across timeframes, from 0.22 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MSA.TO vs. ^SPTSX60 — Risk / Return Rank

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

MSA.TO

MSA.TO Risk / Return Rank: 86
MSA.TO Sharpe Ratio Rank: 92
MSA.TO Sortino Ratio Rank: 85
MSA.TO Omega Ratio Rank: 85
MSA.TO Calmar Ratio Rank: 85
MSA.TO Martin Ratio Rank: 85

^SPTSX60

^SPTSX60 Risk / Return Rank: 85
^SPTSX60 Sharpe Ratio Rank: 82
^SPTSX60 Sortino Ratio Rank: 83
^SPTSX60 Omega Ratio Rank: 82
^SPTSX60 Calmar Ratio Rank: 88
^SPTSX60 Martin Ratio Rank: 92

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.

MSA.TO vs. ^SPTSX60 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mineros S.A. (MSA.TO) and S&P/TSX 60 Index (^SPTSX60). 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.

	MSA.TO	^SPTSX60	Difference
Sharpe ratio Return per unit of total volatility	2.57	2.44	+0.13
Sortino ratio Return per unit of downside risk	2.75	3.30	-0.55
Omega ratio Gain probability vs. loss probability	1.36	1.44	-0.08
Calmar ratio Return relative to maximum drawdown	3.43	3.69	-0.26
Martin ratio Return relative to average drawdown	8.85	16.64	-7.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSA.TO vs. ^SPTSX60 - Sharpe Ratio Comparison

The current MSA.TO Sharpe Ratio is 2.57, which is comparable to the ^SPTSX60 Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of MSA.TO and ^SPTSX60, 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

	MSA.TO	^SPTSX60	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.44	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.36	+0.74

Drawdowns

MSA.TO vs. ^SPTSX60 - Drawdown Comparison

The maximum MSA.TO drawdown since its inception was -49.75%, smaller than the maximum ^SPTSX60 drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for MSA.TO and ^SPTSX60.

Drawdown Indicators

	MSA.TO	^SPTSX60	Difference
Max Drawdown Largest peak-to-trough decline	-49.75%	-54.11%	+4.36%
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	-7.74%	-33.00%
Max Drawdown (3Y) Largest decline over 3 years	-40.74%	-12.84%	-27.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.73%	—
Current Drawdown Current decline from peak	-22.13%	-0.89%	-21.24%
Average Drawdown Average peak-to-trough decline	-18.93%	-13.88%	-5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.75%	1.71%	+14.04%

Volatility

MSA.TO vs. ^SPTSX60 - Volatility Comparison

Mineros S.A. (MSA.TO) has a higher volatility of 19.02% compared to S&P/TSX 60 Index (^SPTSX60) at 3.27%. This indicates that MSA.TO's price experiences larger fluctuations and is considered to be riskier than ^SPTSX60 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSA.TO	^SPTSX60	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.02%	3.27%	+15.75%
Volatility (6M) Calculated over the trailing 6-month period	40.55%	9.31%	+31.24%
Volatility (1Y) Calculated over the trailing 1-year period	54.47%	11.71%	+42.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.93%	12.75%	+40.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.93%	15.11%	+37.82%

Frequently Asked Questions

Can I hold both MSA.TO and ^SPTSX60 in my portfolio?

MSA.TO and ^SPTSX60 have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.