AEM vs VOXR: Correlation
Agnico Eagle Mines Limited (AEM) and Vox Royalty Corp. (VOXR) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEM and VOXR?
Across a 3-year window, the weekly returns of AEM and VOXR correlate at 0.54, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.54). Stretching to 5 years gives 0.45, with an annualized covariance of 962.7 %².
Within AEM's tracked universe of 36 assets, VOXR comes in at #31 by 3-year correlation. Over the last 12 months VOXR came out ahead by 5.2 percentage points (+55.9% against +61.1%).
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 VOXR: side by side
| AEM (Agnico Eagle Mines Limited) | VOXR (Vox Royalty Corp.) | |
|---|---|---|
| 1-year return | +55.9% | +61.1% |
| 5-year return | +323.8% | +197.9% |
| Volatility (ann.) | 40.9% | 43.7% |
| Beta vs S&P 500 | 0.70 | 0.63 |
| Max drawdown (3Y) | -45.8% | -35.2% |
| Market cap | $109.1B | $0.4B |
| P/E (trailing) | 18.4 | 8.3 |
| Dividend yield | 0.79% | 0.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEM | VOXR |
|---|---|---|
| 2022 | +1.1% | -14.8% |
| 2023 | +9.0% | -9.9% |
| 2024 | +46.0% | +15.8% |
| 2025 | +119.5% | +105.5% |
| 2026 | +27.6% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEM and VOXR good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AEM and VOXR?
As of 2026-08-27, the correlation of weekly returns between AEM and VOXR is 0.54 over 3 years, 0.67 over 1 year and 0.45 over 5 years.
Is VOXR a good diversifier for AEM?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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/aem-vs-voxr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aem-vs-voxr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEM correlations · VOXR correlations
