PZG vs SVM: Correlation
Measured on weekly returns over the past three years, Paramount Gold Nevada Corp. (PZG) and Silvercorp Metals Inc. (SVM) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PZG and SVM?
Across a 3-year window, the weekly returns of PZG and SVM correlate at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.46). Stretching to 5 years gives 0.46, with an annualized covariance of 1638.7 %².
SVM is one of the assets that tracks PZG most closely: it ranks #2 out of the 10 assets we track against PZG. The last year tells two different stories: SVM led by 130.0 percentage points, +57.9% for PZG 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.
PZG vs SVM: side by side
| PZG (Paramount Gold Nevada Corp.) | SVM (Silvercorp Metals Inc.) | |
|---|---|---|
| 1-year return | +57.9% | +187.9% |
| 5-year return | +73.0% | +222.0% |
| Volatility (ann.) | 60.9% | 59.2% |
| Beta vs S&P 500 | 0.50 | 1.33 |
| Max drawdown (3Y) | -60.3% | -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 | PZG | SVM |
|---|---|---|
| 2022 | -50.6% | -20.6% |
| 2023 | +8.7% | -10.3% |
| 2024 | -8.8% | +14.9% |
| 2025 | +268.4% | +178.8% |
| 2026 | +19.0% | +61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PZG and SVM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PZG and SVM?
As of 2026-08-27, the correlation of weekly returns between PZG and SVM is 0.46 over 3 years, 0.57 over 1 year and 0.46 over 5 years.
Is SVM a good diversifier for PZG?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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.
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Related comparisons
Hubs: PZG correlations · SVM correlations
