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PAAS vs. SI=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between PAAS and SI=F is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

Performance

PAAS vs. SI=F - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
2.26%
2.02%
PAAS
SI=F

Key characteristics

Sharpe Ratio

PAAS:

0.68

SI=F:

1.05

Sortino Ratio

PAAS:

1.29

SI=F:

1.54

Omega Ratio

PAAS:

1.15

SI=F:

1.21

Calmar Ratio

PAAS:

0.48

SI=F:

0.59

Martin Ratio

PAAS:

2.43

SI=F:

4.41

Ulcer Index

PAAS:

13.27%

SI=F:

7.33%

Daily Std Dev

PAAS:

47.24%

SI=F:

29.94%

Max Drawdown

PAAS:

-85.10%

SI=F:

-91.54%

Current Drawdown

PAAS:

-42.68%

SI=F:

-37.92%

Returns By Period

In the year-to-date period, PAAS achieves a 28.87% return, which is significantly higher than SI=F's 25.58% return. Over the past 10 years, PAAS has outperformed SI=F with an annualized return of 10.55%, while SI=F has yielded a comparatively lower 5.51% annualized return.


PAAS

YTD

28.87%

1M

-8.21%

6M

2.26%

1Y

28.08%

5Y*

0.86%

10Y*

10.55%

SI=F

YTD

25.58%

1M

-3.33%

6M

-1.97%

1Y

22.49%

5Y*

9.75%

10Y*

5.51%

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Risk-Adjusted Performance

PAAS vs. SI=F - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) and Silver (SI=F). 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.


Sharpe ratio
The chart of Sharpe ratio for PAAS, currently valued at 1.17, compared to the broader market-4.00-2.000.002.001.171.05
The chart of Sortino ratio for PAAS, currently valued at 1.87, compared to the broader market-4.00-2.000.002.004.001.871.54
The chart of Omega ratio for PAAS, currently valued at 1.22, compared to the broader market0.501.001.502.001.221.21
The chart of Calmar ratio for PAAS, currently valued at 0.80, compared to the broader market0.002.004.006.000.800.59
The chart of Martin ratio for PAAS, currently valued at 5.29, compared to the broader market-5.000.005.0010.0015.0020.0025.005.294.41
PAAS
SI=F

The current PAAS Sharpe Ratio is 0.68, which is lower than the SI=F Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of PAAS and SI=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.400.600.801.001.201.401.601.80JulyAugustSeptemberOctoberNovemberDecember
1.17
1.05
PAAS
SI=F

Drawdowns

PAAS vs. SI=F - Drawdown Comparison

The maximum PAAS drawdown since its inception was -85.10%, smaller than the maximum SI=F drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for PAAS and SI=F. For additional features, visit the drawdowns tool.


-50.00%-45.00%-40.00%-35.00%-30.00%JulyAugustSeptemberOctoberNovemberDecember
-42.68%
-37.92%
PAAS
SI=F

Volatility

PAAS vs. SI=F - Volatility Comparison

Pan American Silver Corp. (PAAS) has a higher volatility of 13.57% compared to Silver (SI=F) at 9.75%. This indicates that PAAS's price experiences larger fluctuations and is considered to be riskier than SI=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%JulyAugustSeptemberOctoberNovemberDecember
13.57%
9.75%
PAAS
SI=F
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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