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

Correlation

The correlation between PAAS and SI=F is 0.08, 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.


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.

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Key characteristics

Sharpe Ratio

PAAS:

0.42

SI=F:

0.51

Sortino Ratio

PAAS:

0.89

SI=F:

0.92

Omega Ratio

PAAS:

1.11

SI=F:

1.12

Calmar Ratio

PAAS:

0.42

SI=F:

0.38

Martin Ratio

PAAS:

1.70

SI=F:

2.09

Ulcer Index

PAAS:

11.93%

SI=F:

8.15%

Daily Std Dev

PAAS:

51.13%

SI=F:

31.42%

Max Drawdown

PAAS:

-85.10%

SI=F:

-91.54%

Current Drawdown

PAAS:

-26.51%

SI=F:

-28.66%

Returns By Period

In the year-to-date period, PAAS achieves a 30.48% return, which is significantly higher than SI=F's 18.57% return. Over the past 10 years, PAAS has outperformed SI=F with an annualized return of 12.59%, while SI=F has yielded a comparatively lower 8.05% annualized return.


PAAS

YTD

30.48%

1M

11.61%

6M

23.64%

1Y

21.08%

3Y*

5.97%

5Y*

0.82%

10Y*

12.59%

SI=F

YTD

18.57%

1M

7.48%

6M

10.55%

1Y

12.06%

3Y*

16.44%

5Y*

14.61%

10Y*

8.05%

*Annualized

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Pan American Silver Corp.

Silver

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

PAAS vs. SI=F — Risk-Adjusted Performance Rank

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

PAAS
The Risk-Adjusted Performance Rank of PAAS is 6666
Overall Rank
The Sharpe Ratio Rank of PAAS is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of PAAS is 6262
Sortino Ratio Rank
The Omega Ratio Rank of PAAS is 6161
Omega Ratio Rank
The Calmar Ratio Rank of PAAS is 6969
Calmar Ratio Rank
The Martin Ratio Rank of PAAS is 7070
Martin Ratio Rank

SI=F
The Risk-Adjusted Performance Rank of SI=F is 7070
Overall Rank
The Sharpe Ratio Rank of SI=F is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of SI=F is 7373
Sortino Ratio Rank
The Omega Ratio Rank of SI=F is 7070
Omega Ratio Rank
The Calmar Ratio Rank of SI=F is 6161
Calmar Ratio Rank
The Martin Ratio Rank of SI=F is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current PAAS Sharpe Ratio is 0.42, which is comparable to the SI=F Sharpe Ratio of 0.51. 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.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

PAAS vs. SI=F - Volatility Comparison

Pan American Silver Corp. (PAAS) has a higher volatility of 22.13% compared to Silver (SI=F) at 6.74%. 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.


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