SI=F vs. MAG

Last updated Jun 4, 2026

SI=F (Silver) is an asset, while MAG (MAG Silver Corp.) is a stock. At a 0.19 correlation, their price movements are largely independent.

Performance

SI=F vs. MAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Silver (SI=F) and MAG Silver Corp. (MAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SI=F

• 1D: 0.40%
• 1M: 2.77%
• YTD: 7.02%
• 6M: 28.89%
• 1Y: 118.16%
• 3Y*: 46.86%
• 5Y*: 22.41%
• 10Y*: 16.53%

MAG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SI=F vs. MAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SI=F Silver	7.02%	141.44%	21.41%	0.19%	2.95%	-11.59%	47.38%	15.32%	-9.36%	7.23%
MAG MAG Silver Corp.	0.00%	85.31%	30.64%	-33.40%	-0.26%	-23.64%	73.31%	62.19%	-40.94%	12.06%

Correlation

The correlation between SI=F and MAG is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jul 3, 1989	0.19

The correlation between SI=F and MAG shifts across timeframes, from 0.18 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SI=F vs. MAG — Risk / Return Rank

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

SI=F

SI=F Risk / Return Rank: 68
SI=F Sharpe Ratio Rank: 67
SI=F Sortino Ratio Rank: 67
SI=F Omega Ratio Rank: 70
SI=F Calmar Ratio Rank: 72
SI=F Martin Ratio Rank: 67

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.

SI=F vs. MAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silver (SI=F) and MAG Silver Corp. (MAG). 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.

	SI=F	MAG	Difference
Sharpe ratio Return per unit of total volatility	1.53	—	—
Sortino ratio Return per unit of downside risk	1.92	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	2.22	—	—
Martin ratio Return relative to average drawdown	4.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SI=F	MAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	—	—

Drawdowns

Drawdown Indicators

	SI=F	MAG	Difference
Max Drawdown Largest peak-to-trough decline	-91.54%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-41.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.13%	—	—
Current Drawdown Current decline from peak	-34.38%	—	—
Average Drawdown Average peak-to-trough decline	-61.04%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	20.84%	—	—

Volatility

Volatility by Period

	SI=F	MAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	60.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.06%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.96%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.58%	—	—

Frequently Asked Questions

Can I hold both SI=F and MAG in my portfolio?

SI=F and MAG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.