PAAS vs. PEP

Last updated Apr 1, 2026

Compare and contrast key facts about Pan American Silver Corp. (PAAS) and PepsiCo, Inc. (PEP).

Performance

PAAS vs. PEP - Performance Comparison

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

PAAS vs. PEP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAAS Pan American Silver Corp.	5.72%	160.40%	26.61%	2.50%	-33.00%	-26.78%	46.88%	63.86%	-5.30%	3.86%
PEP PepsiCo, Inc.	9.17%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	17.82%

Fundamentals

Market Cap PAAS : $23.06B PEP : $212.90B
EPS PAAS : $2.54 PEP : $6.00
PE Ratio PAAS : 21.51 PEP : 25.86
PEG Ratio PAAS : 0.12 PEP : 9.18
PS Ratio PAAS : 5.82 PEP : 2.27
PB Ratio PAAS : 3.30 PEP : 10.43
Total Revenue (TTM) PAAS : $3.64B PEP : $93.93B
Gross Profit (TTM) PAAS : $1.40B PEP : $50.86B
EBITDA (TTM) PAAS : $1.71B PEP : $14.39B

Returns By Period

In the year-to-date period, PAAS achieves a 5.72% return, which is significantly lower than PEP's 9.17% return. Over the past 10 years, PAAS has outperformed PEP with an annualized return of 19.06%, while PEP has yielded a comparatively lower 7.32% annualized return.

PAAS

• 1D: 6.78%
• 1M: -20.27%
• YTD: 5.72%
• 6M: 41.96%
• 1Y: 114.60%
• 3Y*: 47.16%
• 5Y*: 13.99%
• 10Y*: 19.06%

PEP

• 1D: -0.98%
• 1M: -7.70%
• YTD: 9.17%
• 6M: 12.65%
• 1Y: 7.72%
• 3Y*: -1.95%
• 5Y*: 5.12%
• 10Y*: 7.32%

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

Return for Risk

PAAS vs. PEP — Risk / Return Rank

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

PAAS

PAAS Risk / Return Rank: 88
PAAS Sharpe Ratio Rank: 91
PAAS Sortino Ratio Rank: 84
PAAS Omega Ratio Rank: 86
PAAS Calmar Ratio Rank: 89
PAAS Martin Ratio Rank: 91

PEP

PEP Risk / Return Rank: 52
PEP Sharpe Ratio Rank: 55
PEP Sortino Ratio Rank: 48
PEP Omega Ratio Rank: 45
PEP Calmar Ratio Rank: 55
PEP 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 vs. PEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) and PepsiCo, Inc. (PEP). 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	PEP	Difference
Sharpe ratio Return per unit of total volatility	2.00	0.35	+1.66
Sortino ratio Return per unit of downside risk	2.32	0.70	+1.62
Omega ratio Gain probability vs. loss probability	1.34	1.08	+0.26
Calmar ratio Return relative to maximum drawdown	3.57	0.54	+3.02
Martin ratio Return relative to average drawdown	11.55	1.11	+10.44
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 vs. PEP - Sharpe Ratio Comparison

The current PAAS Sharpe Ratio is 2.00, which is higher than the PEP Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of PAAS and PEP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PAAS	PEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	0.35	+1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.28	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.38	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.39	-0.21

Correlation

The correlation between PAAS and PEP is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PAAS vs. PEP - Dividend Comparison

PAAS's dividend yield for the trailing twelve months is around 0.99%, less than PEP's 3.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAAS Pan American Silver Corp.	0.99%	0.89%	1.98%	2.45%	2.75%	1.36%	0.64%	0.59%	0.96%	0.64%	0.33%	4.23%
PEP PepsiCo, Inc.	3.66%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%

Drawdowns

PAAS vs. PEP - Drawdown Comparison

The maximum PAAS drawdown since its inception was -85.10%, which is greater than PEP's maximum drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for PAAS and PEP.

Drawdown Indicators

	PAAS	PEP	Difference
Max Drawdown Largest peak-to-trough decline	-85.10%	-73.92%	-11.18%
Max Drawdown (1Y) Largest decline over 1 year	-31.90%	-15.14%	-16.76%
Max Drawdown (5Y) Largest decline over 5 years	-63.00%	-30.32%	-32.68%
Max Drawdown (10Y) Largest decline over 10 years	-66.74%	-30.32%	-36.42%
Current Drawdown Current decline from peak	-20.27%	-12.39%	-7.88%
Average Drawdown Average peak-to-trough decline	-41.79%	-13.64%	-28.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.85%	7.37%	+2.48%

Volatility

PAAS vs. PEP - Volatility Comparison

Pan American Silver Corp. (PAAS) has a higher volatility of 19.05% compared to PepsiCo, Inc. (PEP) at 5.35%. This indicates that PAAS's price experiences larger fluctuations and is considered to be riskier than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAAS	PEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.05%	5.35%	+13.70%
Volatility (6M) Calculated over the trailing 6-month period	45.40%	14.83%	+30.57%
Volatility (1Y) Calculated over the trailing 1-year period	57.58%	22.46%	+35.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.60%	18.11%	+29.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.68%	19.55%	+30.13%

Financials

PAAS vs. PEP - Profitability Comparison

The chart below illustrates the profitability comparison between Pan American Silver Corp. and PepsiCo, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PAAS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported a gross profit of 565.26M and revenue of 1.20B. Therefore, the gross margin over that period was 47.2%.

PEP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a gross profit of 15.62B and revenue of 29.34B. Therefore, the gross margin over that period was 53.2%.

PAAS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported an operating income of 469.00M and revenue of 1.20B, resulting in an operating margin of 39.2%.

PEP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported an operating income of 3.56B and revenue of 29.34B, resulting in an operating margin of 12.1%.

PAAS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported a net income of 458.44M and revenue of 1.20B, resulting in a net margin of 38.3%.

PEP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a net income of 2.54B and revenue of 29.34B, resulting in a net margin of 8.7%.