SVM vs. PAAS

Last updated Jun 4, 2026

SVM (Silvercorp Metals Inc.) and PAAS (Pan American Silver Corp.) are both stocks. Both operate in the Silver industry within the Basic Materials sector. Over the past 10 years, SVM returned 21.49%/yr vs 14.59%/yr for PAAS. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

SVM vs. PAAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Silvercorp Metals Inc. (SVM) and Pan American Silver Corp. (PAAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVM achieves a 47.00% return, which is significantly higher than PAAS's 2.11% return. Over the past 10 years, SVM has outperformed PAAS with an annualized return of 21.49%, while PAAS has yielded a comparatively lower 14.59% annualized return.

SVM

• 1D: -7.19%
• 1M: 0.74%
• YTD: 47.00%
• 6M: 54.41%
• 1Y: 197.51%
• 3Y*: 58.91%
• 5Y*: 15.10%
• 10Y*: 21.49%

PAAS

• 1D: -4.73%
• 1M: 3.23%
• YTD: 2.11%
• 6M: 19.04%
• 1Y: 102.99%
• 3Y*: 53.12%
• 5Y*: 12.48%
• 10Y*: 14.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SVM vs. PAAS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVM Silvercorp Metals Inc.	47.00%	179.29%	14.88%	-10.33%	-20.60%	-43.52%	18.54%	172.27%	-18.96%	12.52%
PAAS Pan American Silver Corp.	2.11%	160.40%	26.61%	2.50%	-33.00%	-26.78%	46.88%	63.86%	-5.30%	3.86%

Correlation

The correlation between SVM and PAAS is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 3, 2005	0.68

The correlation between SVM and PAAS shifts across timeframes, from 0.68 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SVM : $2.71B PAAS : $22.19B
EPS SVM : -$0.05 PAAS : $3.21
PS Ratio SVM : 6.15 PAAS : 5.19
PB Ratio SVM : 2.88 PAAS : 3.02
Total Revenue (TTM) SVM : $437.11M PAAS : $4.02B
Gross Profit (TTM) SVM : $254.02M PAAS : $1.76B
EBITDA (TTM) SVM : $185.32M PAAS : $2.14B

Return for Risk

SVM vs. PAAS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVM

SVM Risk / Return Rank: 91
SVM Sharpe Ratio Rank: 94
SVM Sortino Ratio Rank: 87
SVM Omega Ratio Rank: 86
SVM Calmar Ratio Rank: 93
SVM Martin Ratio Rank: 93

PAAS

PAAS Risk / Return Rank: 83
PAAS Sharpe Ratio Rank: 86
PAAS Sortino Ratio Rank: 80
PAAS Omega Ratio Rank: 80
PAAS Calmar Ratio Rank: 83
PAAS Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SVM vs. PAAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silvercorp Metals Inc. (SVM) 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.

	SVM	PAAS	Difference
Sharpe ratio: Return per unit of total volatility	2.98	1.91	+1.07
Sortino ratio: Return per unit of downside risk	2.93	2.35	+0.59
Omega ratio: Gain probability vs. loss probability	1.38	1.31	+0.07
Calmar ratio: Return relative to maximum drawdown	5.77	3.25	+2.52
Martin ratio: Return relative to average drawdown	16.28	8.94	+7.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVM vs. PAAS - Sharpe Ratio Comparison

The current SVM Sharpe Ratio is 2.98, which is higher than the PAAS Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SVM and PAAS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SVM	PAAS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.98	1.91	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.26	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.30	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.17	+0.02

Drawdowns

SVM vs. PAAS - Drawdown Comparison

The maximum SVM drawdown since its inception was -98.00%, which is greater than PAAS's maximum drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for SVM and PAAS.

Drawdown Indicators

	SVM	PAAS	Difference
Max Drawdown Largest peak-to-trough decline	-98.00%	-85.10%	-12.90%
Max Drawdown (1Y) Largest decline over 1 year	-34.46%	-31.90%	-2.56%
Max Drawdown (3Y) Largest decline over 3 years	-42.86%	-31.90%	-10.96%
Max Drawdown (5Y) Largest decline over 5 years	-68.10%	-60.02%	-8.08%
Max Drawdown (10Y) Largest decline over 10 years	-76.19%	-66.74%	-9.45%
Current Drawdown Current decline from peak	-38.06%	-23.00%	-15.06%
Average Drawdown Average peak-to-trough decline	-71.69%	-41.65%	-30.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.19%	11.56%	+0.63%

Volatility

SVM vs. PAAS - Volatility Comparison

Silvercorp Metals Inc. (SVM) has a higher volatility of 22.84% compared to Pan American Silver Corp. (PAAS) at 19.51%. This indicates that SVM's price experiences larger fluctuations and is considered to be riskier than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVM	PAAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.84%	19.51%	+3.33%
Volatility (6M) Calculated over the trailing 6-month period	52.94%	43.94%	+9.00%
Volatility (1Y) Calculated over the trailing 1-year period	66.72%	54.18%	+12.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.97%	47.69%	+7.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.53%	49.48%	+12.05%

Dividends

SVM vs. PAAS - Dividend Comparison

SVM's dividend yield for the trailing twelve months is around 0.20%, less than PAAS's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAAS Pan American Silver Corp.	1.18%	0.89%	1.98%	2.45%	2.75%	1.36%	0.64%	0.59%	0.96%	0.64%	0.33%	4.23%
SVM Silvercorp Metals Inc.	0.20%	0.30%	0.83%	0.95%	0.84%	0.66%	0.37%	0.44%	1.19%	0.76%	0.43%	2.13%

Financials

SVM vs. PAAS - Profitability Comparison

The chart below illustrates the profitability comparison between Silvercorp Metals Inc. and Pan American Silver Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SVM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Silvercorp Metals Inc. reported a gross profit of 99.96M and revenue of 145.32M. Therefore, the gross margin over that period was 68.8%.

PAAS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a gross profit of 608.00M and revenue of 1.15B. Therefore, the gross margin over that period was 52.7%.

SVM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Silvercorp Metals Inc. reported an operating income of 93.44M and revenue of 145.32M, resulting in an operating margin of 64.3%.

PAAS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported an operating income of 560.00M and revenue of 1.15B, resulting in an operating margin of 48.5%.

SVM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Silvercorp Metals Inc. reported a net income of -606.31K and revenue of 145.32M, resulting in a net margin of -0.4%.

PAAS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a net income of 457.00M and revenue of 1.15B, resulting in a net margin of 39.6%.

Frequently Asked Questions

Can I hold both SVM and PAAS in my portfolio?

SVM and PAAS have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVM or PAAS?

SVM has higher volatility (22.84%) compared to PAAS (19.51%). In terms of maximum drawdown, SVM dropped -98.00% vs PAAS's -85.10%.

Which has better risk-adjusted returns?

SVM currently has the higher Sharpe Ratio (2.98 vs 1.91), 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.