Correlation
The correlation between SI=F and PAAS 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.
SI=F vs. PAAS
Compare and contrast key facts about Silver (SI=F) and Pan American Silver Corp. (PAAS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SI=F or PAAS.
Performance
SI=F vs. PAAS - Performance Comparison
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Key characteristics
SI=F:
0.15
PAAS:
0.33
SI=F:
0.64
PAAS:
0.76
SI=F:
1.08
PAAS:
1.10
SI=F:
0.24
PAAS:
0.31
SI=F:
1.27
PAAS:
1.26
SI=F:
8.24%
PAAS:
11.97%
SI=F:
31.56%
PAAS:
51.22%
SI=F:
-91.54%
PAAS:
-85.10%
SI=F:
-31.29%
PAAS:
-32.30%
Returns By Period
In the year-to-date period, SI=F achieves a 14.19% return, which is significantly lower than PAAS's 20.21% return. Over the past 10 years, SI=F has underperformed PAAS with an annualized return of 7.17%, while PAAS has yielded a comparatively higher 11.40% annualized return.
SI=F
14.19%
1.16%
9.24%
4.90%
14.68%
13.14%
7.17%
PAAS
20.21%
-4.97%
11.91%
16.64%
4.33%
-0.32%
11.40%
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Risk-Adjusted Performance
SI=F vs. PAAS — Risk-Adjusted Performance Rank
SI=F
PAAS
SI=F vs. PAAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Silver (SI=F) and Pan American Silver Corp. (PAAS). 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
SI=F vs. PAAS - Drawdown Comparison
The maximum SI=F drawdown since its inception was -91.54%, which is greater than PAAS's maximum drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for SI=F and PAAS.
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Volatility
SI=F vs. PAAS - Volatility Comparison
The current volatility for Silver (SI=F) is 5.68%, while Pan American Silver Corp. (PAAS) has a volatility of 21.55%. This indicates that SI=F experiences smaller price fluctuations and is considered to be less risky than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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