PAAS vs. SI=F

Last updated Apr 2, 2026

Compare and contrast key facts about Pan American Silver Corp. (PAAS) and Silver (SI=F).

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.

PAAS vs. SI=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAAS Pan American Silver Corp.	7.56%	160.40%	26.61%	2.50%	-33.00%	-26.78%	46.88%	63.86%	-5.30%	3.86%
SI=F Silver	6.11%	141.44%	21.41%	0.19%	2.95%	-11.59%	47.38%	15.32%	-9.36%	7.23%

Returns By Period

In the year-to-date period, PAAS achieves a 7.56% return, which is significantly higher than SI=F's 6.11% return. Over the past 10 years, PAAS has outperformed SI=F with an annualized return of 19.26%, while SI=F has yielded a comparatively lower 17.41% annualized return.

PAAS

• 1D: 1.74%
• 1M: -17.07%
• YTD: 7.56%
• 6M: 42.41%
• 1Y: 120.29%
• 3Y*: 48.00%
• 5Y*: 14.39%
• 10Y*: 19.26%

SI=F

• 1D: 6.16%
• 1M: -15.68%
• YTD: 6.11%
• 6M: 58.42%
• 1Y: 118.37%
• 3Y*: 45.65%
• 5Y*: 24.59%
• 10Y*: 17.41%

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

Return for Risk

PAAS vs. SI=F — 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

SI=F

SI=F Risk / Return Rank: 78
SI=F Sharpe Ratio Rank: 76
SI=F Sortino Ratio Rank: 77
SI=F Omega Ratio Rank: 88
SI=F Calmar Ratio Rank: 86
SI=F Martin Ratio Rank: 64

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. SI=F - Risk-Adjusted Trends 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.

	PAAS	SI=F	Difference
Sharpe ratio Return per unit of total volatility	2.10	1.56	+0.54
Sortino ratio Return per unit of downside risk	2.39	1.93	+0.46
Omega ratio Gain probability vs. loss probability	1.35	1.34	0.00
Calmar ratio Return relative to maximum drawdown	3.71	3.09	+0.62
Martin ratio Return relative to average drawdown	11.93	8.80	+3.13
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. SI=F - Sharpe Ratio Comparison

The current PAAS Sharpe Ratio is 2.10, which is higher than the SI=F Sharpe Ratio of 1.56. 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.

Sharpe Ratios by Period

	PAAS	SI=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	1.56	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.62	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.50	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.22	-0.04

Correlation

The correlation between PAAS and SI=F is 0.52, 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.

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.

Drawdown Indicators

	PAAS	SI=F	Difference
Max Drawdown Largest peak-to-trough decline	-85.10%	-91.54%	+6.44%
Max Drawdown (1Y) Largest decline over 1 year	-31.90%	-41.00%	+9.10%
Max Drawdown (5Y) Largest decline over 5 years	-63.00%	-41.00%	-22.00%
Max Drawdown (10Y) Largest decline over 10 years	-66.74%	-43.13%	-23.61%
Current Drawdown Current decline from peak	-18.88%	-34.94%	+16.06%
Average Drawdown Average peak-to-trough decline	-41.78%	-61.14%	+19.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.92%	14.41%	-4.49%

Volatility

PAAS vs. SI=F - Volatility Comparison

Pan American Silver Corp. (PAAS) and Silver (SI=F) have volatilities of 17.51% and 18.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAAS	SI=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.51%	18.12%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	45.42%	62.49%	-17.07%
Volatility (1Y) Calculated over the trailing 1-year period	57.60%	58.92%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.57%	37.21%	+10.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.67%	33.13%	+16.54%