IREN vs PAAS

Comparison between Iris Energy Ltd (IREN, Company) and Pan American Silver Corp (PAAS, Company).

IREN is from the Financial Services sector, while PAAS is from the Basic Materials sector.

5-Year PerformanceIREN has outperformed PAAS, delivering a return of +24.2% compared to +12.7%

IREN vs PAAS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IREN(COMPANY)	PAAS(COMPANY)
Market Cap	$23B	$22B
Max Drawdown	95.73%	86.80%
Sharpe Ratio	2.46	1.52
5Y Beta	2.71	1.00
Industry	Capital Markets	Gold
P/E Ratio	817.87	17.00
Forward P/E	136.99	11.17
PEG Ratio	4.05	0.06
Dividend Yield	N/A	0.97%
5Y Dividends CAGR	N/A	30.53%
5Y EPS CAGR	N/A	21.78%
Debt to Equity	0.00%	11.49%
Free Cash Flow Yield	-6.45%	6.07%
P/S Ratio	30.54	5.62
P/B Ratio	9.10	3.06

Market Cap

Winner

IREN

$23B

PAAS

$22B

Max Drawdown

IREN

95.73%

Winner

PAAS

86.80%

Sharpe Ratio

Winner

IREN

2.46

PAAS

1.52

5Y Beta

IREN

2.71

Winner

PAAS

1.00

Industry

IREN

Capital Markets

PAAS

Gold

P/E Ratio

IREN

817.87

Winner

PAAS

17.00

Forward P/E

IREN

136.99

Winner

PAAS

11.17

PEG Ratio

IREN

4.05

Winner

PAAS

0.06

Dividend Yield

IREN

N/A

PAAS

0.97%

5Y Dividends CAGR

IREN

N/A

PAAS

30.53%

5Y EPS CAGR

IREN

N/A

PAAS

21.78%

Debt to Equity

Winner

IREN

0.00%

PAAS

11.49%

Free Cash Flow Yield

IREN

-6.45%

Winner

PAAS

6.07%

P/S Ratio

IREN

30.54

Winner

PAAS

5.62

P/B Ratio

IREN

9.10

Winner

PAAS

3.06

IREN vs PAAS - Historical Returns

Returns include dividend reinvestment.

Period	IREN	PAAS
1 month	+32.34%	+3.25%
3 months	+68.55%	-14.32%
6 months	+48.95%	+19.06%
1 year	+636.56%	+102.98%
5 years(CAGR)	+24.22%	+12.72%
10 years(CAGR)	N/A	+14.57%
Max(CAGR)	+24.22%	+9.23%

Winner

IREN

+32.34%

PAAS

+3.25%

Winner

IREN

+68.55%

PAAS

-14.32%

Winner

IREN

+48.95%

PAAS

+19.06%

Winner

IREN

+636.56%

PAAS

+102.98%

5Y(CAGR)

Winner

IREN

+24.22%

PAAS

+12.72%

10Y(CAGR)

IREN

N/A

PAAS

+14.57%

Max(CAGR)

Winner

IREN

+24.22%

PAAS

+9.23%

IREN vs PAAS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IREN	PAAS
2026	+53.35%	+3.67%
2025	+261.09%	+146.30%
2024	+44.41%	+29.74%
2023	+500.84%	-2.50%
2022	-91.79%	-31.22%
2021	-33.87%	-32.30%
2020	N/A	+48.18%
2019	N/A	+63.44%
2018	N/A	-6.75%
2017	N/A	-0.50%
2016	N/A	+123.70%
2015	N/A	-29.87%
2014	N/A	-20.03%
2013	N/A	-36.68%
2012	N/A	-16.75%
2011	N/A	-46.30%
2010	N/A	+67.20%
2009	N/A	+40.14%
2008	N/A	-54.11%
2007	N/A	+42.17%
2006	N/A	+26.17%
2005	N/A	+23.80%
2004	N/A	+10.51%
2003	N/A	+81.24%
2002	N/A	+93.58%
2001	N/A	+59.62%
2000	N/A	-50.00%
1999	N/A	-19.05%

IREN vs PAAS Drawdown Comparison

The maximum drawdown for IREN was -95.73%, occurring on Dec 28, 2022. Recovery took 946 trading sessions.

The maximum drawdown for PAAS was -85.09%, occurring on Jan 19, 2016. Recovery took 2336 trading sessions.

The current IREN drawdown is -14.30%. The current PAAS drawdown is -22.98%.

Rank	IREN	PAAS
#1	-95.73% Nov 19, 2021 - Aug 29, 2025	-85.09% Apr 8, 2011 - Jul 22, 2020
#2	-58.62% Nov 5, 2025 - Mar 30, 2026	-78.13% Mar 14, 2008 - Apr 8, 2011
#3	-25.49% Oct 14, 2025 - Nov 5, 2025	-66.76% Aug 5, 2020 - Sep 8, 2025
#4	-11.20% Sep 24, 2025 - Oct 3, 2025	-64.22% Nov 22, 1999 - May 17, 2002
#5	-10.24% Sep 2, 2025 - Sep 9, 2025	-46.85% Jun 3, 2002 - Aug 7, 2003
#6	-6.39% Oct 9, 2025 - Oct 13, 2025	-40.64% Mar 29, 2006 - Jan 23, 2007
#7	-4.29% Nov 17, 2021 - Nov 19, 2021	-40.43% Apr 2, 2004 - Nov 28, 2005
#8	-4.17% Sep 17, 2025 - Sep 19, 2025	-33.64% Apr 16, 2007 - Oct 31, 2007
#9	-2.58% Oct 7, 2025 - Oct 9, 2025	-31.90% Feb 27, 2026 - Mar 20, 2026
#10	-2.32% Sep 10, 2025 - Sep 12, 2025	-21.01% Oct 16, 2025 - Nov 26, 2025
#11	-1.86% Sep 15, 2025 - Sep 17, 2025	-20.49% Jan 28, 2026 - Feb 26, 2026
#12	-0.31% Sep 22, 2025 - Sep 24, 2025	-19.42% Nov 7, 2007 - Jan 2, 2008
#13	N/A	-16.62% Feb 26, 2007 - Apr 16, 2007
#14	N/A	-16.38% Sep 19, 2003 - Nov 12, 2003
#15	N/A	-15.24% Jan 14, 2008 - Feb 26, 2008