SSRM vs. HBM
SSRM (SSR Mining Inc.) and HBM (Hudbay Minerals Inc.) are both stocks. Both are in the Basic Materials sector — SSRM in Gold, HBM in Copper. Over the past 10 years, SSRM returned 9.58%/yr vs 19.31%/yr for HBM. At a 0.39 correlation, their price movements are largely independent.
Performance
SSRM vs. HBM - Performance Comparison
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Returns By Period
In the year-to-date period, SSRM achieves a 24.22% return, which is significantly lower than HBM's 40.23% return. Over the past 10 years, SSRM has underperformed HBM with an annualized return of 9.58%, while HBM has yielded a comparatively higher 19.31% annualized return.
SSRM
- 1D
- 3.46%
- 1M
- -21.64%
- YTD
- 24.22%
- 6M
- 22.60%
- 1Y
- 119.07%
- 3Y*
- 25.15%
- 5Y*
- 9.84%
- 10Y*
- 9.58%
HBM
- 1D
- 4.43%
- 1M
- 0.32%
- YTD
- 40.23%
- 6M
- 49.02%
- 1Y
- 189.83%
- 3Y*
- 78.89%
- 5Y*
- 31.42%
- 10Y*
- 19.31%
SSRM vs. HBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSRM SSR Mining Inc. | 24.22% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 4.41% | 59.31% | 37.54% | -1.46% |
HBM Hudbay Minerals Inc. | 40.23% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
Correlation
The correlation between SSRM and HBM is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.39 |
Over the past year, SSRM and HBM have become more correlated (0.61) than their long-term average of 0.39, meaning their price movements have been converging.
Fundamentals
SSRM:
$5.93B
HBM:
$11.09B
SSRM:
$3.27
HBM:
$1.65
SSRM:
8.34
HBM:
16.83
SSRM:
0.13
HBM:
0.12
SSRM:
3.11
HBM:
4.68
SSRM:
1.34
HBM:
3.13
SSRM:
$1.90B
HBM:
$2.37B
SSRM:
$643.76M
HBM:
$828.54M
SSRM:
$835.27M
HBM:
$1.54B
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Return for Risk
SSRM vs. HBM — Risk / Return Rank
SSRM
HBM
SSRM vs. HBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SSR Mining Inc. (SSRM) and Hudbay Minerals Inc. (HBM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SSRM | HBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 5.28 | -1.46 |
| Martin ratioReturn relative to average drawdown | 9.89 | 16.41 | -6.52 |
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Drawdowns
SSRM vs. HBM - Drawdown Comparison
The maximum SSRM drawdown since its inception was -91.68%, roughly equal to the maximum HBM drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for SSRM and HBM.
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Drawdown Indicators
| SSRM | HBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.68% | -92.21% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -31.28% | -36.16% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -73.41% | -41.11% | -32.30% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -63.33% | -19.83% |
Max Drawdown (10Y)Largest decline over 10 years | -83.16% | -86.34% | +3.18% |
Current DrawdownCurrent decline from peak | -37.45% | -12.68% | -24.77% |
Average DrawdownAverage peak-to-trough decline | -57.15% | -52.45% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.09% | 11.62% | +0.47% |
Volatility
SSRM vs. HBM - Volatility Comparison
The current volatility for SSR Mining Inc. (SSRM) is 19.31%, while Hudbay Minerals Inc. (HBM) has a volatility of 25.87%. This indicates that SSRM experiences smaller price fluctuations and is considered to be less risky than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSRM | HBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.31% | 25.87% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 54.27% | 47.72% | +6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.63% | 59.13% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.93% | 55.51% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.96% | 58.82% | -5.86% |
Dividends
SSRM vs. HBM - Dividend Comparison
SSRM has not paid dividends to shareholders, while HBM's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.08% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
SSRM SSR Mining Inc. | 0.00% | 0.00% | 0.00% | 2.60% | 1.79% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SSRM vs. HBM - Financials Comparison
This section allows you to compare key financial metrics between SSR Mining Inc. and Hudbay Minerals Inc.. 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
SSRM vs. HBM - Profitability Comparison
SSRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SSR Mining Inc. reported a gross profit of 0.00 and revenue of 581.78M. Therefore, the gross margin over that period was 0.0%.
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
SSRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SSR Mining Inc. reported an operating income of 300.38M and revenue of 581.78M, resulting in an operating margin of 51.6%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
SSRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SSR Mining Inc. reported a net income of 369.74M and revenue of 581.78M, resulting in a net margin of 63.6%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
Frequently Asked Questions
SSRM and HBM have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (25.87%) compared to SSRM (19.31%). In terms of maximum drawdown, SSRM dropped -91.68% vs HBM's -92.21%.
HBM currently has the higher Sharpe Ratio (3.23 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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