PLG vs SVM: Correlation
Measured on weekly returns over the past three years, Platinum Group Metals Ltd. (PLG) and Silvercorp Metals Inc. (SVM) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLG and SVM?
Over the past 3 years, PLG and SVM moved with a correlation of 0.69, which is strong. The link has tightened recently: the 1-year correlation (0.83) runs above the 3-year figure (0.69). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 3049.4 %².
Within PLG's tracked universe of 14 assets, SVM comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SVM ahead by 183.2 points (+4.7% versus +187.9%).
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.
PLG vs SVM: side by side
| PLG (Platinum Group Metals Ltd.) | SVM (Silvercorp Metals Inc.) | |
|---|---|---|
| 1-year return | +4.7% | +187.9% |
| 5-year return | -41.5% | +222.0% |
| Volatility (ann.) | 74.7% | 59.2% |
| Beta vs S&P 500 | 1.36 | 1.33 |
| Max drawdown (3Y) | -64.4% | -43.8% |
| Market cap | – | $3.0B |
| P/E (trailing) | – | 122.4 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLG | SVM |
|---|---|---|
| 2022 | +10.1% | -20.6% |
| 2023 | -34.5% | -10.3% |
| 2024 | +12.3% | +14.9% |
| 2025 | +84.4% | +178.8% |
| 2026 | -34.3% | +61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLG and SVM good diversifiers for each other?
Only partially. A correlation of 0.69 means PLG and SVM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PLG and SVM?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.83 over the last year and 0.66 over 5 years.
Is SVM a good diversifier for PLG?
Only partially. A correlation of 0.69 means PLG and SVM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: PLG correlations · SVM correlations
