PAAS vs. ARIS
PAAS (Pan American Silver Corp.) and ARIS (Aris Water Solutions, Inc.) are both stocks. PAAS operates in Silver (Basic Materials), while ARIS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, PAAS returned 40.98%/yr vs 76.24%/yr for ARIS. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
PAAS vs. ARIS - Performance Comparison
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Returns By Period
In the year-to-date period, PAAS achieves a -16.30% return, which is significantly higher than ARIS's -17.68% return.
PAAS
- 1D
- -2.09%
- 1M
- -2.75%
- 6M
- -20.58%
- YTD
- -16.30%
- 1Y
- 61.72%
- 3Y*
- 40.98%
- 5Y*
- 11.18%
- 10Y*
- 9.52%
- ALL TIME*
- 8.09%
ARIS
- 1D
- -6.25%
- 1M
- -8.62%
- 6M
- -22.05%
- YTD
- -17.68%
- 1Y
- 92.23%
- 3Y*
- 76.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.88M | $21.50M | $22.93M | |
| $152.76M | $168.96M | $235.64M |
PAAS vs. ARIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAAS Pan American Silver Corp. | -16.30% | 160.40% | 26.61% | 2.50% | -33.00% | -2.71% |
ARIS Aris Water Solutions, Inc. | -17.68% | 363.71% | 6.54% | 31.93% | -39.60% | 1.33% |
Correlation
The correlation between PAAS and ARIS is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.67 |
The correlation between PAAS and ARIS has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
Fundamentals
PAAS:
$18.16B
ARIS:
$2.76B
PAAS:
$3.12
ARIS:
$1.37
PAAS:
13.80
ARIS:
9.75
PAAS:
0.08
ARIS:
0.19
PAAS:
4.37
ARIS:
2.18
PAAS:
2.47
ARIS:
1.59
PAAS:
$4.02B
ARIS:
$1.26B
PAAS:
$1.76B
ARIS:
$677.96M
PAAS:
$2.14B
ARIS:
$584.28M
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Return for Risk
PAAS vs. ARIS — Risk / Return Rank
PAAS
ARIS
PAAS vs. ARIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) and Aris Water Solutions, Inc. (ARIS). 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.
| PAAS | ARIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.91 | -1.31 |
| Martin ratioReturn relative to average drawdown | 3.51 | 7.16 | -3.65 |
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Drawdowns
PAAS vs. ARIS - Drawdown Comparison
The maximum PAAS drawdown since its inception was -85.10%, which is greater than ARIS's maximum drawdown of -57.98%. Use the drawdown chart below to compare losses from any high point for PAAS and ARIS.
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Drawdown Indicators
| PAAS | ARIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.10% | -57.98% | -27.12% |
Max Drawdown (1Y)Largest decline over 1 year | -38.84% | -38.29% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -38.84% | -38.29% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -57.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.74% | — | — |
Current DrawdownCurrent decline from peak | -36.88% | -38.29% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -41.61% | -22.90% | -18.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.65% | 14.58% | +3.07% |
Volatility
PAAS vs. ARIS - Volatility Comparison
The current volatility for Pan American Silver Corp. (PAAS) is 12.10%, while Aris Water Solutions, Inc. (ARIS) has a volatility of 19.50%. This indicates that PAAS experiences smaller price fluctuations and is considered to be less risky than ARIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAS | ARIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.10% | 19.50% | -7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 43.93% | 47.43% | -3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.24% | 62.04% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.23% | 53.44% | -5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.55% | 53.44% | -3.89% |
Dividends
PAAS vs. ARIS - Dividend Comparison
PAAS's dividend yield for the trailing twelve months is around 1.44%, while ARIS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAAS Pan American Silver Corp. | 1.44% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
Financials
PAAS vs. ARIS - Financials Comparison
This section allows you to compare key financial metrics between Pan American Silver Corp. and Aris Water Solutions, Inc.. 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
PAAS vs. ARIS - Profitability Comparison
PAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
ARIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Aris Water Solutions, Inc. reported a gross profit of 162.57M and revenue of 321.84M. Therefore, the gross margin over that period was 50.5%.
PAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
ARIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Aris Water Solutions, Inc. reported an operating income of 157.69M and revenue of 321.84M, resulting in an operating margin of 49.0%.
PAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
ARIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Aris Water Solutions, Inc. reported a net income of 91.85M and revenue of 321.84M, resulting in a net margin of 28.5%.
Frequently Asked Questions
PAAS and ARIS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARIS has higher volatility (19.50%) compared to PAAS (12.10%). In terms of maximum drawdown, PAAS dropped -85.10% vs ARIS's -57.98%.
ARIS currently has the higher Sharpe Ratio (1.80 vs 1.10), 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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