EXK vs SVM: Correlation
Measured on weekly returns over the past three years, Endeavour Silver Corporation (EXK) and Silvercorp Metals Inc. (SVM) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXK and SVM?
Across a 3-year window, the weekly returns of EXK and SVM correlate at 0.77, strong. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 3393.0 %².
By 3-year correlation, SVM places #6 of the 16 assets tracked against EXK. Their recent paths diverged sharply: over the last 12 months SVM outperformed by 97.7 percentage points (+90.2% for EXK against +187.9% for SVM).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EXK vs SVM: side by side
| EXK (Endeavour Silver Corporation) | SVM (Silvercorp Metals Inc.) | |
|---|---|---|
| 1-year return | +90.2% | +187.9% |
| 5-year return | +146.7% | +222.0% |
| Volatility (ann.) | 74.1% | 59.2% |
| Beta vs S&P 500 | 1.93 | 1.33 |
| Max drawdown (3Y) | -51.3% | -43.8% |
| Market cap | $3.3B | $3.0B |
| P/E (trailing) | 53.8 | 122.4 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXK | SVM |
|---|---|---|
| 2022 | -23.2% | -20.6% |
| 2023 | -39.2% | -10.3% |
| 2024 | +85.8% | +14.9% |
| 2025 | +156.8% | +178.8% |
| 2026 | +20.2% | +61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXK and SVM good diversifiers for each other?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EXK and SVM?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.85 over the last year and 0.79 over 5 years.
Is SVM a good diversifier for EXK?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exk-vs-svm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exk-vs-svm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXK correlations · SVM correlations
