AG vs FURY: Correlation
Measured on weekly returns over the past three years, First Majestic Silver Corp. (AG) and Fury Gold Mines Limited (FURY) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AG and FURY?
Over the past 3 years, AG and FURY moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 2514.3 %².
By 3-year correlation, FURY places #17 of the 27 assets tracked against AG. Their recent paths diverged sharply: over the last 12 months AG outperformed by 117.9 percentage points (+139.9% for AG against +22.0% for FURY).
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.
AG vs FURY: side by side
| AG (First Majestic Silver Corp.) | FURY (Fury Gold Mines Limited) | |
|---|---|---|
| 1-year return | +139.9% | +22.0% |
| 5-year return | +74.1% | -17.1% |
| Volatility (ann.) | 70.1% | 62.8% |
| Beta vs S&P 500 | 1.45 | 0.82 |
| Max drawdown (3Y) | -53.0% | -46.9% |
| Market cap | $10.7B | $0.1B |
| P/E (trailing) | 30.2 | – |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AG | FURY |
|---|---|---|
| 2022 | -24.7% | -33.3% |
| 2023 | -26.0% | +18.5% |
| 2024 | -10.5% | -26.9% |
| 2025 | +204.1% | +59.5% |
| 2026 | +30.7% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AG and FURY good diversifiers for each other?
To a limited degree. At 0.57 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 AG and FURY?
The AG/FURY correlation stands at 0.57 on a 3-year window (1 year: 0.58, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is FURY a good diversifier for AG?
To a limited degree. At 0.57 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 0.57 mean?
On the −1 to +1 scale, 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ag-vs-fury.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ag-vs-fury/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AG correlations · FURY correlations
