OGC.TO vs. PAAS
OGC.TO (OceanaGold Corporation) and PAAS (Pan American Silver Corp.) are both stocks. Both are in the Basic Materials sector — OGC.TO in Gold, PAAS in Silver. Over the past 10 years, OGC.TO returned 8.68%/yr vs 11.56%/yr for PAAS. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
OGC.TO vs. PAAS - Performance Comparison
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Different Trading Currencies
OGC.TO is traded in CAD, while PAAS is traded in USD. To make them comparable, the PAAS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, OGC.TO achieves a -9.52% return, which is significantly higher than PAAS's -12.32% return. Over the past 10 years, OGC.TO has underperformed PAAS with an annualized return of 8.68%, while PAAS has yielded a comparatively higher 11.56% annualized return.
OGC.TO
- 1D
- -0.65%
- 1M
- -0.51%
- 6M
- -16.65%
- YTD
- -9.52%
- 1Y
- 80.78%
- 3Y*
- 65.79%
- 5Y*
- 38.13%
- 10Y*
- 8.68%
PAAS
- 1D
- -1.05%
- 1M
- -4.70%
- 6M
- -17.32%
- YTD
- -12.32%
- 1Y
- 51.35%
- 3Y*
- 48.91%
- 5Y*
- 13.89%
- 10Y*
- 11.56%
OGC.TO vs. PAAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OGC.TO OceanaGold Corporation | -9.52% | 227.48% | 57.16% | -1.22% | 17.27% | -10.57% | -3.53% | -48.74% | 54.71% | -17.19% |
PAAS Pan American Silver Corp. | -12.32% | 148.51% | 37.33% | 0.06% | -28.76% | -26.82% | 43.39% | 57.11% | 2.67% | -3.17% |
Correlation
The correlation between OGC.TO and PAAS is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007 | 0.53 |
Over the past year, OGC.TO and PAAS have become more correlated (0.75) than their long-term average of 0.53, meaning their price movements have been converging.
Fundamentals
OGC.TO:
CA$7.83B
PAAS:
$18.40B
OGC.TO:
$1.94
PAAS:
$3.12
OGC.TO:
12.74
PAAS:
13.98
OGC.TO:
0.03
PAAS:
0.08
OGC.TO:
4.30
PAAS:
4.43
OGC.TO:
2.34
PAAS:
2.51
OGC.TO:
$2.25B
PAAS:
$4.02B
OGC.TO:
$1.24B
PAAS:
$1.76B
OGC.TO:
$1.22B
PAAS:
$2.14B
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Return for Risk
OGC.TO vs. PAAS — Risk / Return Rank
OGC.TO
PAAS
OGC.TO vs. PAAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OceanaGold Corporation (OGC.TO) and Pan American Silver Corp. (PAAS). 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.
| OGC.TO | PAAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.60 | +0.37 |
| Martin ratioReturn relative to average drawdown | 4.65 | 3.81 | +0.84 |
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Drawdowns
OGC.TO vs. PAAS - Drawdown Comparison
The maximum OGC.TO drawdown since its inception was -96.53%, which is greater than PAAS's maximum drawdown of -79.22%. Use the drawdown chart below to compare losses from any high point for OGC.TO and PAAS.
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Drawdown Indicators
| OGC.TO | PAAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.53% | -79.22% | -17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -42.13% | -35.22% | -6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -42.13% | -35.22% | -6.91% |
Max Drawdown (5Y)Largest decline over 5 years | -46.87% | -54.44% | +7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -76.17% | -66.21% | -9.96% |
Current DrawdownCurrent decline from peak | -39.54% | -33.78% | -5.76% |
Average DrawdownAverage peak-to-trough decline | -40.05% | -38.05% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.88% | 14.77% | +3.11% |
Volatility
OGC.TO vs. PAAS - Volatility Comparison
OceanaGold Corporation (OGC.TO) and Pan American Silver Corp. (PAAS) have volatilities of 15.11% and 15.10%, 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.
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Volatility by Period
| OGC.TO | PAAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.11% | 15.10% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 42.03% | 44.79% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.98% | 55.97% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.00% | 48.46% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.57% | 49.88% | +2.69% |
Dividends
OGC.TO vs. PAAS - Dividend Comparison
OGC.TO's dividend yield for the trailing twelve months is around 0.94%, less than PAAS's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OGC.TO OceanaGold Corporation | 0.94% | 0.29% | 0.23% | 0.36% | 0.00% | 0.00% | 0.00% | 0.18% | 0.26% | 0.27% | 0.46% | 0.63% |
PAAS Pan American Silver Corp. | 1.42% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
Financials
OGC.TO vs. PAAS - Financials Comparison
This section allows you to compare key financial metrics between OceanaGold Corporation and Pan American 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
OGC.TO vs. PAAS - Profitability Comparison
OGC.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported a gross profit of 397.08M and revenue of 702.79M. Therefore, the gross margin over that period was 56.5%.
PAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Pan American Silver Corp. reported a gross profit of 608.00M and revenue of 1.15B. Therefore, the gross margin over that period was 52.7%.
OGC.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported an operating income of 330.79M and revenue of 702.79M, resulting in an operating margin of 47.1%.
PAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Pan American Silver Corp. reported an operating income of 560.00M and revenue of 1.15B, resulting in an operating margin of 48.5%.
OGC.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported a net income of 224.66M and revenue of 702.79M, resulting in a net margin of 32.0%.
PAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Pan American Silver Corp. reported a net income of 457.00M and revenue of 1.15B, resulting in a net margin of 39.6%.
Frequently Asked Questions
OGC.TO and PAAS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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