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.
PAAS vs. SI=F
Compare and contrast key facts about Pan American Silver Corp. (PAAS) and Silver (SI=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAAS or SI=F.
Performance
PAAS vs. SI=F - Performance Comparison
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Key characteristics
PAAS:
0.42
SI=F:
0.51
PAAS:
0.89
SI=F:
0.92
PAAS:
1.11
SI=F:
1.12
PAAS:
0.42
SI=F:
0.38
PAAS:
1.70
SI=F:
2.09
PAAS:
11.93%
SI=F:
8.15%
PAAS:
51.13%
SI=F:
31.42%
PAAS:
-85.10%
SI=F:
-91.54%
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
30.48%
11.61%
23.64%
21.08%
5.97%
0.82%
12.59%
SI=F
18.57%
7.48%
10.55%
12.06%
16.44%
14.61%
8.05%
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Risk-Adjusted Performance
PAAS vs. SI=F — Risk-Adjusted Performance Rank
PAAS
SI=F
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.
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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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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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