AEM vs ITRG: Correlation
Agnico Eagle Mines Limited (AEM) and Integra Resources Corp. (ITRG) 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 AEM and ITRG?
On 3 years of weekly data the AEM/ITRG correlation comes out at 0.68, strong. The link has tightened recently: the 1-year correlation (0.79) runs above the 3-year figure (0.68). The 5-year figure is 0.37, and annualized covariance runs at 1758.5 %².
Within AEM's tracked universe of 36 assets, ITRG comes in at #26 by 3-year correlation. The last year tells two different stories: AEM led by 16.6 percentage points, +55.9% for AEM against +39.3% for ITRG. Risk is not evenly split, since ITRG carries 1.5 times the volatility of the other side.
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.
AEM vs ITRG: side by side
| AEM (Agnico Eagle Mines Limited) | ITRG (Integra Resources Corp.) | |
|---|---|---|
| 1-year return | +55.9% | +39.3% |
| 5-year return | +323.8% | +6.9% |
| Volatility (ann.) | 40.9% | 63.1% |
| Beta vs S&P 500 | 0.70 | 1.11 |
| Max drawdown (3Y) | -45.8% | -55.8% |
| Market cap | $109.1B | $0.6B |
| P/E (trailing) | 18.4 | 73.5 |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEM | ITRG |
|---|---|---|
| 2022 | +1.1% | -70.6% |
| 2023 | +9.0% | +67.5% |
| 2024 | +46.0% | -17.9% |
| 2025 | +119.5% | +360.9% |
| 2026 | +27.6% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEM and ITRG good diversifiers for each other?
To a limited degree. At 0.68 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 AEM and ITRG?
The AEM/ITRG correlation stands at 0.68 on a 3-year window (1 year: 0.79, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is ITRG a good diversifier for AEM?
To a limited degree. At 0.68 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 0.68 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.
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Related comparisons
Hubs: AEM correlations · ITRG correlations
