SSRM vs. SLVP
SSRM (SSR Mining Inc.) is a stock, while SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. Over the past 10 years, SSRM returned 9.58%/yr vs 12.67%/yr for SLVP. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
SSRM vs. SLVP - Performance Comparison
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Returns By Period
In the year-to-date period, SSRM achieves a 24.22% return, which is significantly higher than SLVP's -5.37% return. Over the past 10 years, SSRM has underperformed SLVP with an annualized return of 9.58%, while SLVP has yielded a comparatively higher 12.67% 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%
SLVP
- 1D
- 3.38%
- 1M
- -21.72%
- YTD
- -5.37%
- 6M
- -0.60%
- 1Y
- 83.53%
- 3Y*
- 48.97%
- 5Y*
- 14.15%
- 10Y*
- 12.67%
SSRM vs. SLVP - 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% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | -5.37% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -22.10% | 4.53% |
Correlation
The correlation between SSRM and SLVP is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.77 |
The correlation between SSRM and SLVP has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
SSRM vs. SLVP — Risk / Return Rank
SSRM
SLVP
SSRM vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SSR Mining Inc. (SSRM) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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 | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.21 | +1.62 |
| Martin ratioReturn relative to average drawdown | 9.89 | 5.86 | +4.03 |
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Drawdowns
SSRM vs. SLVP - Drawdown Comparison
The maximum SSRM drawdown since its inception was -91.68%, which is greater than SLVP's maximum drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for SSRM and SLVP.
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Drawdown Indicators
| SSRM | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.68% | -80.47% | -11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -31.28% | -38.06% | +6.78% |
Max Drawdown (3Y)Largest decline over 3 years | -73.41% | -38.06% | -35.35% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -54.26% | -28.90% |
Max Drawdown (10Y)Largest decline over 10 years | -83.16% | -62.03% | -21.13% |
Current DrawdownCurrent decline from peak | -37.45% | -31.74% | -5.71% |
Average DrawdownAverage peak-to-trough decline | -57.15% | -46.78% | -10.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.09% | 14.31% | -2.22% |
Volatility
SSRM vs. SLVP - Volatility Comparison
SSR Mining Inc. (SSRM) and iShares MSCI Global Silver and Metals Miners ETF (SLVP) have volatilities of 19.31% and 19.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSRM | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.31% | 19.61% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 54.27% | 45.17% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.63% | 54.53% | +12.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.93% | 43.15% | +12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.96% | 42.45% | +10.51% |
Dividends
SSRM vs. SLVP - Dividend Comparison
SSRM has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 1.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | 1.88% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
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% |
Frequently Asked Questions
SSRM and SLVP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVP has higher volatility (19.61%) compared to SSRM (19.31%). In terms of maximum drawdown, SSRM dropped -91.68% vs SLVP's -80.47%.
SSRM currently has the higher Sharpe Ratio (1.80 vs 1.54), 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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