PAAS vs. BVN
PAAS (Pan American Silver Corp.) and BVN (Compañía de Minas Buenaventura S.A.A.) are both stocks. Both are in the Basic Materials sector — PAAS in Silver, BVN in Other Precious Metals & Mining. Over the past 10 years, PAAS returned 14.08%/yr vs 13.54%/yr for BVN. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
PAAS vs. BVN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAAS achieves a -6.53% return, which is significantly lower than BVN's 23.58% return. Both investments have delivered pretty close results over the past 10 years, with PAAS having a 14.08% annualized return and BVN not far behind at 13.54%.
PAAS
- 1D
- 3.46%
- 1M
- -24.13%
- YTD
- -6.53%
- 6M
- -2.63%
- 1Y
- 68.49%
- 3Y*
- 50.01%
- 5Y*
- 11.06%
- 10Y*
- 14.08%
BVN
- 1D
- 2.01%
- 1M
- -13.13%
- YTD
- 23.58%
- 6M
- 22.13%
- 1Y
- 105.88%
- 3Y*
- 70.14%
- 5Y*
- 27.27%
- 10Y*
- 13.54%
PAAS vs. BVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAAS Pan American Silver Corp. | -6.53% | 160.40% | 26.61% | 2.50% | -33.00% | -26.78% | 46.88% | 63.86% | -5.30% | 3.86% |
BVN Compañía de Minas Buenaventura S.A.A. | 23.58% | 147.96% | -24.06% | 106.47% | 2.47% | -39.95% | -19.27% | -6.40% | 15.91% | 25.66% |
Correlation
The correlation between PAAS and BVN is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 15, 1996 | 0.54 |
The correlation between PAAS and BVN shifts across timeframes, from 0.54 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PAAS:
$20.31B
BVN:
$8.49B
PAAS:
$3.21
BVN:
$3.84
PAAS:
14.98
BVN:
8.69
PAAS:
0.08
BVN:
0.02
PAAS:
4.75
BVN:
4.15
PAAS:
2.76
BVN:
2.05
PAAS:
$4.02B
BVN:
$2.05B
PAAS:
$1.76B
BVN:
$1.06B
PAAS:
$2.14B
BVN:
$1.18B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAAS vs. BVN — Risk / Return Rank
PAAS
BVN
PAAS vs. BVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) and Compañía de Minas Buenaventura S.A.A. (BVN). 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 | BVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.48 | -1.53 |
| Martin ratioReturn relative to average drawdown | 5.44 | 8.76 | -3.32 |
Loading charts...
Drawdowns
PAAS vs. BVN - Drawdown Comparison
The maximum PAAS drawdown since its inception was -85.10%, smaller than the maximum BVN drawdown of -93.68%. Use the drawdown chart below to compare losses from any high point for PAAS and BVN.
Loading charts...
Drawdown Indicators
| PAAS | BVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.10% | -93.68% | +8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -35.33% | -30.64% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -35.33% | -38.30% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -58.89% | -53.67% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -66.74% | -70.15% | +3.41% |
Current DrawdownCurrent decline from peak | -29.51% | -31.25% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -41.64% | -46.40% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.63% | 12.13% | +0.50% |
Volatility
PAAS vs. BVN - Volatility Comparison
The current volatility for Pan American Silver Corp. (PAAS) is 18.82%, while Compañía de Minas Buenaventura S.A.A. (BVN) has a volatility of 20.09%. This indicates that PAAS experiences smaller price fluctuations and is considered to be less risky than BVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAAS | BVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.82% | 20.09% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 44.62% | 42.55% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.23% | 50.28% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.97% | 45.80% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.62% | 45.95% | +3.67% |
Dividends
PAAS vs. BVN - Dividend Comparison
PAAS's dividend yield for the trailing twelve months is around 1.29%, less than BVN's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BVN Compañía de Minas Buenaventura S.A.A. | 3.40% | 1.57% | 0.63% | 0.48% | 0.98% | 0.00% | 0.00% | 0.58% | 0.55% | 0.60% | 0.26% | 0.00% |
PAAS Pan American Silver Corp. | 1.29% | 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. BVN - Financials Comparison
This section allows you to compare key financial metrics between Pan American Silver Corp. and Compañía de Minas Buenaventura S.A.A.. 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. BVN - Profitability Comparison
PAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
BVN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported a gross profit of 356.89M and revenue of 622.46M. Therefore, the gross margin over that period was 57.3%.
PAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
BVN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported an operating income of 325.55M and revenue of 622.46M, resulting in an operating margin of 52.3%.
PAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
BVN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported a net income of 334.26M and revenue of 622.46M, resulting in a net margin of 53.7%.
Frequently Asked Questions
PAAS and BVN have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BVN has higher volatility (20.09%) compared to PAAS (18.82%). In terms of maximum drawdown, PAAS dropped -85.10% vs BVN's -93.68%.
BVN currently has the higher Sharpe Ratio (2.12 vs 1.25), 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.
Find the right allocation for PAAS and BVN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer