MUX vs. AG
MUX (McEwen Mining Inc.) and AG (First Majestic Silver Corp.) are both stocks. Both are in the Basic Materials sector — MUX in Other Precious Metals & Mining, AG in Silver. Over the past 10 years, MUX returned -9.01%/yr vs -1.67%/yr for AG. Their 0.69 correlation means they have sometimes moved together and sometimes differently.
Performance
MUX vs. AG - Performance Comparison
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Returns By Period
In the year-to-date period, MUX achieves a -6.59% return, which is significantly higher than AG's -9.68% return. Over the past 10 years, MUX has underperformed AG with an annualized return of -9.01%, while AG has yielded a comparatively higher -1.67% annualized return.
MUX
- 1D
- -2.26%
- 1M
- -8.52%
- 6M
- -28.41%
- YTD
- -6.59%
- 1Y
- 72.38%
- 3Y*
- 28.97%
- 5Y*
- 7.58%
- 10Y*
- -9.01%
- ALL TIME*
- -1.01%
AG
- 1D
- -4.21%
- 1M
- -15.66%
- 6M
- -27.79%
- YTD
- -9.68%
- 1Y
- 92.36%
- 3Y*
- 33.31%
- 5Y*
- 2.14%
- 10Y*
- -1.67%
- ALL TIME*
- 0.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $178.27M | $175.82M | $226.19M | |
| $13.08M | $14.43M | $22.88M |
MUX vs. AG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUX McEwen Mining Inc. | -6.59% | 137.92% | 7.91% | 23.04% | -33.90% | -10.00% | -22.44% | -30.01% | -19.78% | -21.37% |
AG First Majestic Silver Corp. | -9.68% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
Correlation
The correlation between MUX and AG is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.69 |
The correlation between MUX and AG shifts across timeframes, from 0.69 (10 years) to 0.82 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MUX:
$1.03B
AG:
$7.41B
MUX:
$1.22
AG:
$0.70
MUX:
14.14
AG:
21.51
MUX:
0.41
AG:
0.38
MUX:
6.46
AG:
4.54
MUX:
1.92
AG:
2.54
MUX:
$161.86M
AG:
$1.64B
MUX:
$53.23M
AG:
$863.95M
MUX:
$52.58M
AG:
$1.02B
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Return for Risk
MUX vs. AG — Risk / Return Rank
MUX
AG
MUX vs. AG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for McEwen Mining Inc. (MUX) and First Majestic Silver Corp. (AG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MUX | AG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.70 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.26 | 3.35 | -0.09 |
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Drawdowns
MUX vs. AG - Drawdown Comparison
The maximum MUX drawdown since its inception was -99.67%, which is greater than AG's maximum drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for MUX and AG.
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Drawdown Indicators
| MUX | AG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -90.20% | -9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -43.65% | -53.00% | +9.35% |
Max Drawdown (3Y)Largest decline over 3 years | -46.49% | -53.00% | +6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -75.92% | -70.28% | -5.64% |
Max Drawdown (10Y)Largest decline over 10 years | -93.89% | -80.82% | -13.07% |
Current DrawdownCurrent decline from peak | -94.25% | -53.00% | -41.25% |
Average DrawdownAverage peak-to-trough decline | -86.50% | -59.08% | -27.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.62% | 26.79% | -5.17% |
Volatility
MUX vs. AG - Volatility Comparison
The current volatility for McEwen Mining Inc. (MUX) is 15.38%, while First Majestic Silver Corp. (AG) has a volatility of 18.02%. This indicates that MUX experiences smaller price fluctuations and is considered to be less risky than AG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUX | AG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 18.02% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 50.25% | 57.35% | -7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.72% | 74.97% | -7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.37% | 62.17% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.47% | 61.87% | +1.60% |
Dividends
MUX vs. AG - Dividend Comparison
MUX has not paid dividends to shareholders, while AG's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.24% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUX McEwen Mining Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.39% | 0.55% | 0.44% | 0.34% | 0.47% |
Financials
MUX vs. AG - Financials Comparison
This section allows you to compare key financial metrics between McEwen Mining Inc. and First Majestic Silver Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MUX and AG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (18.02%) compared to MUX (15.38%). In terms of maximum drawdown, MUX dropped -99.67% vs AG's -90.20%.
AG currently has the higher Sharpe Ratio (1.20 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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