RMS.AX vs. DSVSF

Last updated Jun 5, 2026

RMS.AX (Ramelius Resources Limited) and DSVSF (Discovery Silver Corp) are both stocks. Both are in the Basic Materials sector — RMS.AX in Gold, DSVSF in Silver. Over the past 5 years, RMS.AX returned 14.22%/yr vs 23.45%/yr for DSVSF. At a 0.12 correlation, their price movements are largely independent.

Performance

RMS.AX vs. DSVSF - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Ramelius Resources Limited (RMS.AX) and Discovery Silver Corp (DSVSF). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RMS.AX is traded in AUD, while DSVSF is traded in USD. To make them comparable, the DSVSF values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RMS.AX achieves a -23.72% return, which is significantly lower than DSVSF's -15.92% return.

RMS.AX

• 1D: -3.96%
• 1M: -7.89%
• YTD: -23.72%
• 6M: -10.36%
• 1Y: 12.12%
• 3Y*: 32.30%
• 5Y*: 14.22%
• 10Y*: 24.44%

DSVSF

• 1D: -8.13%
• 1M: -15.79%
• YTD: -15.92%
• 6M: -10.16%
• 1Y: 93.38%
• 3Y*: 92.24%
• 5Y*: 23.45%
• 10Y*: —

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

RMS.AX vs. DSVSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RMS.AX Ramelius Resources Limited	-23.72%	106.60%	25.79%	84.01%	-39.89%	-5.29%	37.76%	164.87%	-2.08%
DSVSF Discovery Silver Corp	-15.92%	1,080.88%	-7.96%	-42.56%	-35.39%	14.17%	168.52%	155.29%	-25.78%

Correlation

The correlation between RMS.AX and DSVSF is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 16, 2018	0.12

The correlation between RMS.AX and DSVSF shifts across timeframes, from 0.08 (3 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RMS.AX vs. DSVSF — Risk / Return Rank

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

RMS.AX

RMS.AX Risk / Return Rank: 47
RMS.AX Sharpe Ratio Rank: 48
RMS.AX Sortino Ratio Rank: 46
RMS.AX Omega Ratio Rank: 44
RMS.AX Calmar Ratio Rank: 47
RMS.AX Martin Ratio Rank: 49

DSVSF

DSVSF Risk / Return Rank: 79
DSVSF Sharpe Ratio Rank: 81
DSVSF Sortino Ratio Rank: 76
DSVSF Omega Ratio Rank: 73
DSVSF Calmar Ratio Rank: 82
DSVSF Martin Ratio Rank: 82

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.

RMS.AX vs. DSVSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ramelius Resources Limited (RMS.AX) and Discovery Silver Corp (DSVSF). 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.

	RMS.AX	DSVSF	Difference
Sharpe ratio: Return per unit of total volatility	0.19	1.26	-1.07
Sortino ratio: Return per unit of downside risk	0.64	1.92	-1.28
Omega ratio: Gain probability vs. loss probability	1.07	1.23	-0.15
Calmar ratio: Return relative to maximum drawdown	0.25	2.50	-2.24
Martin ratio: Return relative to average drawdown	0.60	6.14	-5.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMS.AX vs. DSVSF - Sharpe Ratio Comparison

The current RMS.AX Sharpe Ratio is 0.19, which is lower than the DSVSF Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of RMS.AX and DSVSF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RMS.AX	DSVSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	1.26	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.32	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.64	-0.46

Drawdowns

RMS.AX vs. DSVSF - Drawdown Comparison

The maximum RMS.AX drawdown since its inception was -97.71%, which is greater than DSVSF's maximum drawdown of -78.78%. Use the drawdown chart below to compare losses from any high point for RMS.AX and DSVSF.

Drawdown Indicators

	RMS.AX	DSVSF	Difference
Max Drawdown Largest peak-to-trough decline	-97.71%	-78.78%	-18.93%
Max Drawdown (1Y) Largest decline over 1 year	-38.63%	-37.61%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-38.63%	-58.50%	+19.87%
Max Drawdown (5Y) Largest decline over 5 years	-67.43%	-78.78%	+11.35%
Max Drawdown (10Y) Largest decline over 10 years	-74.94%	—	—
Current Drawdown Current decline from peak	-37.04%	-37.61%	+0.57%
Average Drawdown Average peak-to-trough decline	-48.48%	-36.82%	-11.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.43%	15.30%	+1.13%

Volatility

RMS.AX vs. DSVSF - Volatility Comparison

The current volatility for Ramelius Resources Limited (RMS.AX) is 16.23%, while Discovery Silver Corp (DSVSF) has a volatility of 22.13%. This indicates that RMS.AX experiences smaller price fluctuations and is considered to be less risky than DSVSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMS.AX	DSVSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.23%	22.13%	-5.90%
Volatility (6M) Calculated over the trailing 6-month period	40.70%	54.24%	-13.54%
Volatility (1Y) Calculated over the trailing 1-year period	51.56%	74.44%	-22.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.73%	73.22%	-24.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.36%	83.17%	-28.81%

Dividends

RMS.AX vs. DSVSF - Dividend Comparison

RMS.AX's dividend yield for the trailing twelve months is around 2.54%, while DSVSF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DSVSF Discovery Silver Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RMS.AX Ramelius Resources Limited	2.54%	1.92%	2.42%	1.19%	1.08%	1.59%	1.19%	0.81%

Financials

Frequently Asked Questions

Can I hold both RMS.AX and DSVSF in my portfolio?

RMS.AX and DSVSF have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.