SSRM vs. HL
SSRM (SSR Mining Inc.) and HL (Hecla Mining Company) are both stocks. Both are in the Basic Materials sector — SSRM in Gold, HL in Other Precious Metals & Mining. Over the past 10 years, SSRM returned 7.68%/yr vs 10.98%/yr for HL. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
SSRM vs. HL - Performance Comparison
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Returns By Period
In the year-to-date period, SSRM achieves a 30.38% return, which is significantly higher than HL's -17.53% return. Over the past 10 years, SSRM has underperformed HL with an annualized return of 7.68%, while HL has yielded a comparatively higher 10.98% annualized return.
SSRM
- 1D
- -1.96%
- 1M
- 8.59%
- 6M
- 29.85%
- YTD
- 30.38%
- 1Y
- 125.75%
- 3Y*
- 27.10%
- 5Y*
- 13.03%
- 10Y*
- 7.68%
HL
- 1D
- 0.19%
- 1M
- 5.54%
- 6M
- -29.50%
- YTD
- -17.53%
- 1Y
- 150.61%
- 3Y*
- 44.14%
- 5Y*
- 17.81%
- 10Y*
- 10.98%
SSRM vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSRM SSR Mining Inc. | 30.38% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 4.41% | 59.31% | 37.54% | -1.46% |
HL Hecla Mining Company | -17.53% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
Correlation
The correlation between SSRM and HL is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 1996 | 0.59 |
The correlation between SSRM and HL shifts across timeframes, from 0.59 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SSRM:
$5.93B
HL:
$10.61B
SSRM:
$3.26
HL:
$0.83
SSRM:
8.76
HL:
19.05
SSRM:
0.14
HL:
0.08
SSRM:
3.27
HL:
6.77
SSRM:
1.40
HL:
4.15
SSRM:
$1.90B
HL:
$1.57B
SSRM:
$643.76M
HL:
$788.95M
SSRM:
$835.27M
HL:
$864.40M
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Return for Risk
SSRM vs. HL — Risk / Return Rank
SSRM
HL
SSRM vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SSR Mining Inc. (SSRM) and Hecla Mining Company (HL). 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 | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 3.05 | +1.14 |
| Martin ratioReturn relative to average drawdown | 10.21 | 6.03 | +4.17 |
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Drawdowns
SSRM vs. HL - Drawdown Comparison
The maximum SSRM drawdown since its inception was -91.68%, smaller than the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for SSRM and HL.
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Drawdown Indicators
| SSRM | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.68% | -97.92% | +6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -31.28% | -55.81% | +24.53% |
Max Drawdown (3Y)Largest decline over 3 years | -73.41% | -55.81% | -17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -55.81% | -27.35% |
Max Drawdown (10Y)Largest decline over 10 years | -83.16% | -82.45% | -0.71% |
Current DrawdownCurrent decline from peak | -34.34% | -50.25% | +15.91% |
Average DrawdownAverage peak-to-trough decline | -57.09% | -69.90% | +12.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.80% | 28.11% | -15.31% |
Volatility
SSRM vs. HL - Volatility Comparison
SSR Mining Inc. (SSRM) has a higher volatility of 19.50% compared to Hecla Mining Company (HL) at 17.79%. This indicates that SSRM's price experiences larger fluctuations and is considered to be riskier than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSRM | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.50% | 17.79% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 55.96% | 53.33% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.57% | 73.28% | -5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.32% | 59.43% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.08% | 62.82% | -9.74% |
Dividends
SSRM vs. HL - Dividend Comparison
SSRM has not paid dividends to shareholders, while HL's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.09% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
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. HL - Financials Comparison
This section allows you to compare key financial metrics between SSR Mining Inc. and Hecla Mining Company. 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. HL - Profitability Comparison
SSRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
HL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported a gross profit of 253.26M and revenue of 411.43M. Therefore, the gross margin over that period was 61.6%.
SSRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, SSR Mining Inc. reported an operating income of 300.38M and revenue of 581.78M, resulting in an operating margin of 51.6%.
HL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported an operating income of 223.11M and revenue of 411.43M, resulting in an operating margin of 54.2%.
SSRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, SSR Mining Inc. reported a net income of 369.74M and revenue of 581.78M, resulting in a net margin of 63.6%.
HL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported a net income of 266.45M and revenue of 411.43M, resulting in a net margin of 64.8%.
Frequently Asked Questions
SSRM and HL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSRM has higher volatility (19.50%) compared to HL (17.79%). In terms of maximum drawdown, SSRM dropped -91.68% vs HL's -97.92%.
HL currently has the higher Sharpe Ratio (2.32 vs 1.94), 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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