PAAS vs. INOD
PAAS (Pan American Silver Corp.) and INOD (Innodata Inc.) are both stocks. PAAS operates in Silver (Basic Materials), while INOD operates in Information Technology Services (Technology). Over the past 10 years, PAAS returned 14.08%/yr vs 45.64%/yr for INOD. At a 0.07 correlation, their price movements are largely independent.
Performance
PAAS vs. INOD - Performance Comparison
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Returns By Period
In the year-to-date period, PAAS achieves a -6.53% return, which is significantly lower than INOD's 98.04% return. Over the past 10 years, PAAS has underperformed INOD with an annualized return of 14.08%, while INOD has yielded a comparatively higher 45.64% annualized return.
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%
INOD
- 1D
- -4.23%
- 1M
- 12.17%
- YTD
- 98.04%
- 6M
- 92.56%
- 1Y
- 137.86%
- 3Y*
- 114.32%
- 5Y*
- 69.37%
- 10Y*
- 45.64%
PAAS vs. INOD - 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% |
INOD Innodata Inc. | 98.04% | 28.92% | 385.50% | 174.54% | -49.92% | 11.70% | 364.91% | -24.00% | 10.29% | -44.49% |
Correlation
The correlation between PAAS and INOD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 1995 | 0.07 |
The correlation between PAAS and INOD shifts across timeframes, from 0.07 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PAAS:
$20.31B
INOD:
$3.59B
PAAS:
$3.21
INOD:
$1.11
PAAS:
14.98
INOD:
90.91
PAAS:
0.08
INOD:
0.02
PAAS:
4.75
INOD:
12.60
PAAS:
2.76
INOD:
28.00
PAAS:
$4.02B
INOD:
$283.42M
PAAS:
$1.76B
INOD:
$76.88M
PAAS:
$2.14B
INOD:
$37.35M
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Return for Risk
PAAS vs. INOD — Risk / Return Rank
PAAS
INOD
PAAS vs. INOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) and Innodata Inc. (INOD). 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 | INOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.20 | -0.25 |
| Martin ratioReturn relative to average drawdown | 5.44 | 3.97 | +1.47 |
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Drawdowns
PAAS vs. INOD - Drawdown Comparison
The maximum PAAS drawdown since its inception was -85.10%, smaller than the maximum INOD drawdown of -95.47%. Use the drawdown chart below to compare losses from any high point for PAAS and INOD.
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Drawdown Indicators
| PAAS | INOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.10% | -95.47% | +10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -35.33% | -63.03% | +27.70% |
Max Drawdown (3Y)Largest decline over 3 years | -35.33% | -63.03% | +27.70% |
Max Drawdown (5Y)Largest decline over 5 years | -58.89% | -74.44% | +15.55% |
Max Drawdown (10Y)Largest decline over 10 years | -66.74% | -74.44% | +7.70% |
Current DrawdownCurrent decline from peak | -29.51% | -16.95% | -12.56% |
Average DrawdownAverage peak-to-trough decline | -41.64% | -60.07% | +18.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.63% | 34.83% | -22.20% |
Volatility
PAAS vs. INOD - Volatility Comparison
The current volatility for Pan American Silver Corp. (PAAS) is 18.82%, while Innodata Inc. (INOD) has a volatility of 32.31%. This indicates that PAAS experiences smaller price fluctuations and is considered to be less risky than INOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAS | INOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.82% | 32.31% | -13.49% |
Volatility (6M)Calculated over the trailing 6-month period | 44.62% | 89.40% | -44.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.23% | 122.08% | -66.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.97% | 106.74% | -58.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.62% | 89.36% | -39.74% |
Dividends
PAAS vs. INOD - Dividend Comparison
PAAS's dividend yield for the trailing twelve months is around 1.29%, while INOD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INOD Innodata Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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. INOD - Financials Comparison
This section allows you to compare key financial metrics between Pan American Silver Corp. and Innodata 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. INOD - 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%.
INOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a gross profit of 0.00 and revenue of 90.10M. Therefore, the gross margin over that period was 0.0%.
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%.
INOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported an operating income of 0.00 and revenue of 90.10M, resulting in an operating margin of 0.0%.
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%.
INOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a net income of 14.90M and revenue of 90.10M, resulting in a net margin of 16.5%.
Frequently Asked Questions
PAAS and INOD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INOD has higher volatility (32.31%) compared to PAAS (18.82%). In terms of maximum drawdown, PAAS dropped -85.10% vs INOD's -95.47%.
PAAS currently has the higher Sharpe Ratio (1.25 vs 1.14), 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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