TFPM vs. PAAS
TFPM (Triple Flag Precious Metals Corp) and PAAS (Pan American Silver Corp.) are both stocks. Both are in the Basic Materials sector — TFPM in Other Precious Metals & Mining, PAAS in Silver. Over the past 3 years, TFPM returned 28.25%/yr vs 50.01%/yr for PAAS. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
TFPM vs. PAAS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TFPM achieves a -11.94% return, which is significantly lower than PAAS's -6.53% return.
TFPM
- 1D
- 4.14%
- 1M
- -8.65%
- YTD
- -11.94%
- 6M
- -15.62%
- 1Y
- 16.86%
- 3Y*
- 28.25%
- 5Y*
- —
- 10Y*
- —
PAAS
- 1D
- 3.46%
- 1M
- -14.37%
- YTD
- -6.53%
- 6M
- -2.63%
- 1Y
- 68.20%
- 3Y*
- 50.01%
- 5Y*
- 11.06%
- 10Y*
- 14.08%
TFPM vs. PAAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TFPM Triple Flag Precious Metals Corp | -11.94% | 123.03% | 14.60% | -1.81% | 14.71% | 32.61% |
PAAS Pan American Silver Corp. | -6.53% | 160.40% | 26.61% | 2.50% | -33.00% | 9.15% |
Correlation
The correlation between TFPM and PAAS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.58 |
Over the past year, TFPM and PAAS have become more correlated (0.82) than their long-term average of 0.58, meaning their price movements have been converging.
Fundamentals
TFPM:
$6.04B
PAAS:
$20.31B
TFPM:
$1.51
PAAS:
$3.21
TFPM:
19.28
PAAS:
14.98
TFPM:
0.15
PAAS:
0.08
TFPM:
13.23
PAAS:
4.75
TFPM:
2.80
PAAS:
2.76
TFPM:
$453.24M
PAAS:
$4.02B
TFPM:
$337.23M
PAAS:
$1.76B
TFPM:
$354.95M
PAAS:
$2.14B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TFPM vs. PAAS — Risk / Return Rank
TFPM
PAAS
TFPM vs. PAAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) 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.
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.
| TFPM | PAAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.95 | -1.38 |
| Martin ratioReturn relative to average drawdown | 1.64 | 5.44 | -3.80 |
Loading charts...
Drawdowns
TFPM vs. PAAS - Drawdown Comparison
The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum PAAS drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for TFPM and PAAS.
Loading charts...
Drawdown Indicators
| TFPM | PAAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.48% | -85.10% | +48.62% |
Max Drawdown (1Y)Largest decline over 1 year | -34.87% | -35.33% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -34.87% | -35.33% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.74% | — |
Current DrawdownCurrent decline from peak | -29.27% | -29.51% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -13.43% | -41.64% | +28.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.18% | 12.63% | -0.45% |
Volatility
TFPM vs. PAAS - Volatility Comparison
The current volatility for Triple Flag Precious Metals Corp (TFPM) is 15.92%, while Pan American Silver Corp. (PAAS) has a volatility of 18.82%. This indicates that TFPM experiences smaller price fluctuations and is considered to be less risky than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TFPM | PAAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.92% | 18.82% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 34.29% | 44.62% | -10.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.51% | 55.23% | -11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.45% | 47.97% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.45% | 49.62% | -12.17% |
Dividends
TFPM vs. PAAS - Dividend Comparison
TFPM's dividend yield for the trailing twelve months is around 0.79%, less than PAAS's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAS Pan American Silver Corp. | 1.29% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
TFPM Triple Flag Precious Metals Corp | 0.79% | 0.68% | 1.43% | 1.54% | 1.07% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TFPM vs. PAAS - Financials Comparison
This section allows you to compare key financial metrics between Triple Flag Precious Metals Corp and Pan American 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
TFPM vs. PAAS - Profitability Comparison
TFPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported a gross profit of 104.35M and revenue of 144.96M. Therefore, the gross margin over that period was 72.0%.
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%.
TFPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported an operating income of 97.00M and revenue of 144.96M, resulting in an operating margin of 66.9%.
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%.
TFPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported a net income of 115.31M and revenue of 144.96M, resulting in a net margin of 79.6%.
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
TFPM and PAAS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAAS has higher volatility (18.82%) compared to TFPM (15.92%). In terms of maximum drawdown, TFPM dropped -36.48% vs PAAS's -85.10%.
PAAS currently has the higher Sharpe Ratio (1.25 vs 0.46), 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.
Find the right allocation for TFPM and PAAS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer