NEXA vs. ASM
NEXA (Nexa Resources S.A.) and ASM (Avino Silver & Gold Mines Ltd.) are both stocks. Both are in the Basic Materials sector — NEXA in Other Industrial Metals & Mining, ASM in Other Precious Metals & Mining. Over the past 5 years, NEXA returned 10.33%/yr vs 38.35%/yr for ASM. At a 0.26 correlation, their price movements are largely independent.
Performance
NEXA vs. ASM - Performance Comparison
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Returns By Period
In the year-to-date period, NEXA achieves a 53.45% return, which is significantly higher than ASM's -5.31% return.
NEXA
- 1D
- -2.65%
- 1M
- -6.15%
- YTD
- 53.45%
- 6M
- 52.58%
- 1Y
- 184.10%
- 3Y*
- 41.82%
- 5Y*
- 10.33%
- 10Y*
- —
ASM
- 1D
- -8.41%
- 1M
- -9.95%
- YTD
- -5.31%
- 6M
- -13.91%
- 1Y
- 69.94%
- 3Y*
- 107.69%
- 5Y*
- 38.35%
- 10Y*
- 9.99%
NEXA vs. ASM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXA Nexa Resources S.A. | 53.45% | 2.67% | 23.25% | 22.07% | -20.07% | -16.38% | 28.63% | -28.32% | -37.43% | 18.85% |
ASM Avino Silver & Gold Mines Ltd. | -5.31% | 604.88% | 68.13% | -22.95% | -21.01% | -33.77% | 124.14% | -4.92% | -54.48% | 2.29% |
Correlation
The correlation between NEXA and ASM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.26 |
The correlation between NEXA and ASM shifts across timeframes, from 0.25 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NEXA:
$1.80B
ASM:
$1.02B
NEXA:
$1.59
ASM:
$0.23
NEXA:
8.56
ASM:
25.88
NEXA:
0.48
ASM:
0.08
NEXA:
0.55
ASM:
8.62
NEXA:
1.58
ASM:
3.70
NEXA:
$3.24B
ASM:
$110.70M
NEXA:
$733.72M
ASM:
$59.09M
NEXA:
$1.10B
ASM:
$55.20M
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Return for Risk
NEXA vs. ASM — Risk / Return Rank
NEXA
ASM
NEXA vs. ASM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nexa Resources S.A. (NEXA) and Avino Silver & Gold Mines Ltd. (ASM). 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.
| NEXA | ASM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 1.34 | +3.62 |
| Martin ratioReturn relative to average drawdown | 15.37 | 2.77 | +12.60 |
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Drawdowns
NEXA vs. ASM - Drawdown Comparison
The maximum NEXA drawdown since its inception was -85.01%, smaller than the maximum ASM drawdown of -94.10%. Use the drawdown chart below to compare losses from any high point for NEXA and ASM.
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Drawdown Indicators
| NEXA | ASM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.01% | -94.10% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -37.31% | -52.40% | +15.09% |
Max Drawdown (3Y)Largest decline over 3 years | -47.02% | -52.40% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -62.86% | -63.94% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.91% | — |
Current DrawdownCurrent decline from peak | -18.78% | -47.69% | +28.91% |
Average DrawdownAverage peak-to-trough decline | -51.24% | -63.74% | +12.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.03% | 25.37% | -13.34% |
Volatility
NEXA vs. ASM - Volatility Comparison
The current volatility for Nexa Resources S.A. (NEXA) is 22.51%, while Avino Silver & Gold Mines Ltd. (ASM) has a volatility of 27.33%. This indicates that NEXA experiences smaller price fluctuations and is considered to be less risky than ASM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEXA | ASM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.51% | 27.33% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 59.29% | 66.16% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.67% | 82.61% | -16.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.62% | 66.18% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.89% | 69.80% | -9.91% |
Dividends
NEXA vs. ASM - Dividend Comparison
Neither NEXA nor ASM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ASM Avino Silver & Gold Mines Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEXA Nexa Resources S.A. | 0.00% | 1.14% | 0.00% | 2.64% | 6.26% | 3.36% | 3.92% | 6.46% | 5.04% |
Financials
NEXA vs. ASM - Financials Comparison
This section allows you to compare key financial metrics between Nexa Resources S.A. and Avino Silver & Gold Mines Ltd.. 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
NEXA vs. ASM - Profitability Comparison
NEXA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported a gross profit of 272.15M and revenue of 888.32M. Therefore, the gross margin over that period was 30.6%.
ASM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported a gross profit of 25.51M and revenue of 41.41M. Therefore, the gross margin over that period was 61.6%.
NEXA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported an operating income of 218.06M and revenue of 888.32M, resulting in an operating margin of 24.6%.
ASM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported an operating income of 21.76M and revenue of 41.41M, resulting in an operating margin of 52.5%.
NEXA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported a net income of 89.31M and revenue of 888.32M, resulting in a net margin of 10.1%.
ASM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported a net income of 15.69M and revenue of 41.41M, resulting in a net margin of 37.9%.
Frequently Asked Questions
NEXA and ASM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASM has higher volatility (27.33%) compared to NEXA (22.51%). In terms of maximum drawdown, NEXA dropped -85.01% vs ASM's -94.10%.
NEXA currently has the higher Sharpe Ratio (2.82 vs 0.85), 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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