PAAS.TO vs. VZLA

Last updated Jun 4, 2026

PAAS.TO (Pan American Silver Corp.) and VZLA (Vizsla Silver Corp) are both stocks. Both are in the Basic Materials sector — PAAS.TO in Silver, VZLA in Other Industrial Metals & Mining. Over the past year, PAAS.TO returned 105.85% vs 29.38% for VZLA. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

PAAS.TO vs. VZLA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Pan American Silver Corp. (PAAS.TO) and Vizsla Silver Corp (VZLA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PAAS.TO is traded in CAD, while VZLA is traded in USD. To make them comparable, the VZLA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PAAS.TO achieves a 3.44% return, which is significantly higher than VZLA's -23.85% return.

PAAS.TO

• 1D: -4.19%
• 1M: 5.40%
• YTD: 3.44%
• 6M: 18.78%
• 1Y: 105.85%
• 3Y*: 55.04%
• 5Y*: 15.71%
• 10Y*: 15.42%

VZLA

• 1D: 2.29%
• 1M: 24.86%
• YTD: -23.85%
• 6M: -17.39%
• 1Y: 29.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PAAS.TO vs. VZLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PAAS.TO Pan American Silver Corp.	3.44%	148.70%	5.50%
VZLA Vizsla Silver Corp	-23.85%	205.21%	3.25%

Correlation

The correlation between PAAS.TO and VZLA is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.67

The correlation between PAAS.TO and VZLA has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

Fundamentals

Market Cap PAAS.TO : CA$30.88B VZLA : $1.43B
EPS PAAS.TO : CA$3.21 VZLA : -$0.48
PB Ratio PAAS.TO : 4.20 VZLA : 2.97
Total Revenue (TTM) PAAS.TO : CA$4.02B VZLA : $0.00
Gross Profit (TTM) PAAS.TO : CA$1.76B VZLA : -$155.21K
EBITDA (TTM) PAAS.TO : CA$2.14B VZLA : -$32.64M

Return for Risk

PAAS.TO vs. VZLA — Risk / Return Rank

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

PAAS.TO

PAAS.TO Risk / Return Rank: 85
PAAS.TO Sharpe Ratio Rank: 88
PAAS.TO Sortino Ratio Rank: 82
PAAS.TO Omega Ratio Rank: 82
PAAS.TO Calmar Ratio Rank: 85
PAAS.TO Martin Ratio Rank: 86

VZLA

VZLA Risk / Return Rank: 56
VZLA Sharpe Ratio Rank: 57
VZLA Sortino Ratio Rank: 54
VZLA Omega Ratio Rank: 54
VZLA Calmar Ratio Rank: 57
VZLA Martin Ratio Rank: 55

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.

PAAS.TO vs. VZLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS.TO) and Vizsla Silver Corp (VZLA). 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.

	PAAS.TO	VZLA	Difference
Sharpe ratio Return per unit of total volatility	2.02	0.53	+1.49
Sortino ratio Return per unit of downside risk	2.45	1.08	+1.38
Omega ratio Gain probability vs. loss probability	1.33	1.14	+0.19
Calmar ratio Return relative to maximum drawdown	3.43	0.62	+2.81
Martin ratio Return relative to average drawdown	9.52	1.24	+8.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAAS.TO vs. VZLA - Sharpe Ratio Comparison

The current PAAS.TO Sharpe Ratio is 2.02, which is higher than the VZLA Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of PAAS.TO and VZLA, 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

	PAAS.TO	VZLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	0.53	+1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.93	-0.72

Drawdowns

PAAS.TO vs. VZLA - Drawdown Comparison

The maximum PAAS.TO drawdown since its inception was -96.25%, which is greater than VZLA's maximum drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for PAAS.TO and VZLA.

Drawdown Indicators

	PAAS.TO	VZLA	Difference
Max Drawdown Largest peak-to-trough decline	-96.25%	-55.74%	-40.51%
Max Drawdown (1Y) Largest decline over 1 year	-31.01%	-55.74%	+24.73%
Max Drawdown (3Y) Largest decline over 3 years	-31.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-65.97%	—	—
Current Drawdown Current decline from peak	-21.34%	-38.53%	+17.19%
Average Drawdown Average peak-to-trough decline	-38.56%	-15.36%	-23.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.16%	27.91%	-16.75%

Volatility

PAAS.TO vs. VZLA - Volatility Comparison

Pan American Silver Corp. (PAAS.TO) and Vizsla Silver Corp (VZLA) have volatilities of 19.88% and 19.26%, 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

	PAAS.TO	VZLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.88%	19.26%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	42.53%	49.44%	-6.91%
Volatility (1Y) Calculated over the trailing 1-year period	52.63%	65.89%	-13.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.58%	61.90%	-16.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.41%	61.90%	-14.49%

Dividends

PAAS.TO vs. VZLA - Dividend Comparison

PAAS.TO's dividend yield for the trailing twelve months is around 1.17%, while VZLA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAAS.TO Pan American Silver Corp.	1.17%	0.91%	1.89%	2.51%	2.63%	1.35%	0.67%	0.60%	0.91%	0.67%	0.33%	3.86%
VZLA Vizsla Silver Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both PAAS.TO and VZLA in my portfolio?

PAAS.TO and VZLA have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.