PAAS vs SII: Correlation
Pan American Silver Corp. (PAAS) and Sprott Inc. (SII) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAAS and SII?
Over the past 3 years, PAAS and SII moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 1376.7 %².
By 3-year correlation, SII places #28 of the 42 assets tracked against PAAS. The last year tells two different stories: SII led by 44.4 percentage points, +67.9% for PAAS against +112.3% for SII.
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.
PAAS vs SII: side by side
| PAAS (Pan American Silver Corp.) | SII (Sprott Inc.) | |
|---|---|---|
| 1-year return | +67.9% | +112.3% |
| 5-year return | +135.6% | +354.0% |
| Volatility (ann.) | 54.5% | 37.3% |
| Beta vs S&P 500 | 1.11 | 0.92 |
| Max drawdown (3Y) | -38.8% | -38.0% |
| Market cap | $22.8B | $3.5B |
| P/E (trailing) | 16.2 | 33.6 |
| Dividend yield | 1.18% | 1.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAAS | SII |
|---|---|---|
| 2022 | -33.0% | -24.1% |
| 2023 | +2.5% | +5.0% |
| 2024 | +26.6% | +27.4% |
| 2025 | +158.4% | +135.0% |
| 2026 | +6.9% | +40.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAAS and SII good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PAAS and SII?
As of 2026-08-27, the correlation of weekly returns between PAAS and SII is 0.68 over 3 years, 0.74 over 1 year and 0.67 over 5 years.
Is SII a good diversifier for PAAS?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/paas-vs-sii.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/paas-vs-sii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PAAS correlations · SII correlations
