PAAS vs. SVM

Last updated Apr 1, 2026

Compare and contrast key facts about Pan American Silver Corp. (PAAS) and Silvercorp Metals Inc. (SVM).

Performance

PAAS vs. SVM - Performance Comparison

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

PAAS vs. SVM - 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%
SVM Silvercorp Metals Inc.	28.78%	179.29%	14.88%	-10.33%	-20.60%	-43.52%	18.54%	172.27%	-18.96%	12.52%

Fundamentals

Market Cap PAAS : $23.06B SVM : $2.37B
EPS PAAS : $2.54 SVM : -$0.08
PS Ratio PAAS : 5.82 SVM : 6.41
PB Ratio PAAS : 3.30 SVM : 3.34
Total Revenue (TTM) PAAS : $3.64B SVM : $366.90M
Gross Profit (TTM) PAAS : $1.40B SVM : $180.20M
EBITDA (TTM) PAAS : $1.71B SVM : $97.49M

Returns By Period

In the year-to-date period, PAAS achieves a 5.72% return, which is significantly lower than SVM's 28.78% return. Over the past 10 years, PAAS has underperformed SVM with an annualized return of 19.06%, while SVM has yielded a comparatively higher 23.28% 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%

SVM

• 1D: 7.08%
• 1M: -22.90%
• YTD: 28.78%
• 6M: 70.23%
• 1Y: 178.81%
• 3Y*: 42.13%
• 5Y*: 16.68%
• 10Y*: 23.28%

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

Return for Risk

PAAS vs. SVM — 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

SVM

SVM Risk / Return Rank: 93
SVM Sharpe Ratio Rank: 95
SVM Sortino Ratio Rank: 90
SVM Omega Ratio Rank: 88
SVM Calmar Ratio Rank: 94
SVM Martin Ratio Rank: 95

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. SVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) and Silvercorp Metals Inc. (SVM). 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	SVM	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.68	-0.68
Sortino ratio Return per unit of downside risk	2.32	2.80	-0.48
Omega ratio Gain probability vs. loss probability	1.34	1.36	-0.03
Calmar ratio Return relative to maximum drawdown	3.57	5.17	-1.60
Martin ratio Return relative to average drawdown	11.55	16.71	-5.16
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. SVM - Sharpe Ratio Comparison

The current PAAS Sharpe Ratio is 2.00, which is comparable to the SVM Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of PAAS and SVM, 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	SVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.68	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.31	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.37	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.18	0.00

Correlation

The correlation between PAAS and SVM is 0.68, 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.

Dividends

PAAS vs. SVM - Dividend Comparison

PAAS's dividend yield for the trailing twelve months is around 0.99%, more than SVM's 0.23% 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%
SVM Silvercorp Metals Inc.	0.23%	0.30%	0.83%	0.95%	0.84%	0.66%	0.37%	0.44%	1.19%	0.76%	0.43%	2.13%

Drawdowns

PAAS vs. SVM - Drawdown Comparison

The maximum PAAS drawdown since its inception was -85.10%, smaller than the maximum SVM drawdown of -98.00%. Use the drawdown chart below to compare losses from any high point for PAAS and SVM.

Drawdown Indicators

	PAAS	SVM	Difference
Max Drawdown Largest peak-to-trough decline	-85.10%	-98.00%	+12.90%
Max Drawdown (1Y) Largest decline over 1 year	-31.90%	-34.46%	+2.56%
Max Drawdown (5Y) Largest decline over 5 years	-63.00%	-68.53%	+5.53%
Max Drawdown (10Y) Largest decline over 10 years	-66.74%	-76.19%	+9.45%
Current Drawdown Current decline from peak	-20.27%	-45.74%	+25.47%
Average Drawdown Average peak-to-trough decline	-41.79%	-71.98%	+30.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.85%	10.66%	-0.81%

Volatility

PAAS vs. SVM - Volatility Comparison

The current volatility for Pan American Silver Corp. (PAAS) is 19.05%, while Silvercorp Metals Inc. (SVM) has a volatility of 23.67%. This indicates that PAAS experiences smaller price fluctuations and is considered to be less risky than SVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAAS	SVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.05%	23.67%	-4.62%
Volatility (6M) Calculated over the trailing 6-month period	45.40%	53.33%	-7.93%
Volatility (1Y) Calculated over the trailing 1-year period	57.58%	67.12%	-9.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.60%	54.67%	-7.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.68%	62.37%	-12.69%

Financials

PAAS vs. SVM - Profitability Comparison

The chart below illustrates the profitability comparison between Pan American Silver Corp. and Silvercorp Metals 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%.

SVM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Silvercorp Metals Inc. reported a gross profit of 78.04M and revenue of 128.05M. Therefore, the gross margin over that period was 60.9%.

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%.

SVM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Silvercorp Metals Inc. reported an operating income of 71.55M and revenue of 128.05M, resulting in an operating margin of 55.9%.

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%.

SVM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Silvercorp Metals Inc. reported a net income of -16.08M and revenue of 128.05M, resulting in a net margin of -12.6%.