SKE vs. AG
SKE (Skeena Resources Ltd) and AG (First Majestic Silver Corp.) are both stocks. Both are in the Basic Materials sector — SKE in Other Industrial Metals & Mining, AG in Silver. Over the past 5 years, SKE returned 19.08%/yr vs 2.67%/yr for AG. At a 0.48 correlation, their price movements are largely independent.
Performance
SKE vs. AG - Performance Comparison
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Returns By Period
In the year-to-date period, SKE achieves a 22.71% return, which is significantly higher than AG's 18.81% return.
SKE
- 1D
- -5.85%
- 1M
- -1.02%
- YTD
- 22.71%
- 6M
- 40.20%
- 1Y
- 103.21%
- 3Y*
- 75.47%
- 5Y*
- 19.08%
- 10Y*
- —
AG
- 1D
- -5.81%
- 1M
- 2.11%
- YTD
- 18.81%
- 6M
- 26.15%
- 1Y
- 181.03%
- 3Y*
- 49.83%
- 5Y*
- 2.67%
- 10Y*
- 5.48%
SKE vs. AG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKE Skeena Resources Ltd | 22.71% | 172.13% | 78.69% | -8.27% | -48.99% | -4.14% | 428.16% | 134.09% | -59.87% | 784.19% |
AG First Majestic Silver Corp. | 18.81% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -5.60% |
Correlation
The correlation between SKE and AG is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2017 | 0.48 |
Over the past year, SKE and AG have become more correlated (0.73) than their long-term average of 0.48, meaning their price movements have been converging.
Fundamentals
SKE:
$3.54B
AG:
$9.92B
SKE:
-$2.12
AG:
$0.60
SKE:
19.59
AG:
3.41
SKE:
$0.00
AG:
$1.49B
SKE:
-$1.29M
AG:
$646.49M
SKE:
-$109.58M
AG:
$824.25M
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Return for Risk
SKE vs. AG — Risk / Return Rank
SKE
AG
SKE vs. AG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Skeena Resources Ltd (SKE) and First Majestic Silver Corp. (AG). 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.
| SKE | AG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 4.24 | -0.91 |
| Martin ratioReturn relative to average drawdown | 8.34 | 9.46 | -1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKE | AG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.49 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.04 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.05 | +0.15 |
Drawdowns
SKE vs. AG - Drawdown Comparison
The maximum SKE drawdown since its inception was -75.69%, smaller than the maximum AG drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for SKE and AG.
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Drawdown Indicators
| SKE | AG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -90.20% | +14.51% |
Max Drawdown (1Y)Largest decline over 1 year | -31.09% | -42.92% | +11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -39.55% | -42.92% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -75.69% | -76.89% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.82% | — |
Current DrawdownCurrent decline from peak | -23.61% | -38.18% | +14.57% |
Average DrawdownAverage peak-to-trough decline | -34.41% | -59.21% | +24.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | 19.23% | -6.81% |
Volatility
SKE vs. AG - Volatility Comparison
The current volatility for Skeena Resources Ltd (SKE) is 17.91%, while First Majestic Silver Corp. (AG) has a volatility of 22.62%. This indicates that SKE experiences smaller price fluctuations and is considered to be less risky than AG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKE | AG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.91% | 22.62% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 43.20% | 56.05% | -12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.79% | 73.23% | -15.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.98% | 61.33% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 387.49% | 61.84% | +325.65% |
Dividends
SKE vs. AG - Dividend Comparison
SKE has not paid dividends to shareholders, while AG's dividend yield for the trailing twelve months is around 0.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.18% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% |
SKE Skeena Resources Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SKE vs. AG - Financials Comparison
This section allows you to compare key financial metrics between Skeena Resources Ltd and First Majestic Silver Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
SKE and AG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (22.62%) compared to SKE (17.91%). In terms of maximum drawdown, SKE dropped -75.69% vs AG's -90.20%.
AG currently has the higher Sharpe Ratio (2.49 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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