SVM vs USAS: Correlation
Silvercorp Metals Inc. (SVM) and Americas Gold and Silver Corporation (USAS) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SVM and USAS?
Across a 3-year window, the weekly returns of SVM and USAS correlate at 0.69, strong. The link has tightened recently: the 1-year correlation (0.83) runs above the 3-year figure (0.69). Stretching to 5 years gives 0.68, with an annualized covariance of 3394.5 %².
Within SVM's tracked universe of 21 assets, USAS comes in at #10 by 3-year correlation. The last year tells two different stories: SVM led by 48.7 percentage points, +187.9% for SVM against +139.2% for USAS.
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.
SVM vs USAS: side by side
| SVM (Silvercorp Metals Inc.) | USAS (Americas Gold and Silver Corporation) | |
|---|---|---|
| 1-year return | +187.9% | +139.2% |
| 5-year return | +222.0% | +122.9% |
| Volatility (ann.) | 59.2% | 82.6% |
| Beta vs S&P 500 | 1.33 | 1.41 |
| Max drawdown (3Y) | -43.8% | -63.5% |
| Market cap | $3.0B | $1.9B |
| P/E (trailing) | 122.4 | – |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SVM | USAS |
|---|---|---|
| 2022 | -20.6% | -29.6% |
| 2023 | -10.3% | -56.1% |
| 2024 | +14.9% | +52.0% |
| 2025 | +178.8% | +437.9% |
| 2026 | +61.6% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SVM and USAS good diversifiers for each other?
To a limited degree. At 0.69 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 SVM and USAS?
As of 2026-08-27, the correlation of weekly returns between SVM and USAS is 0.69 over 3 years, 0.83 over 1 year and 0.68 over 5 years.
Is USAS a good diversifier for SVM?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/svm-vs-usas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/svm-vs-usas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SVM correlations · USAS correlations
