AGI vs ARIS: Correlation
How closely do Alamos Gold Inc. Class A (AGI) and Aris Mining Corporation (ARIS) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and ARIS?
Over the past 3 years, AGI and ARIS moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 2139.4 %².
Among the 26 assets we track against AGI, ARIS ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARIS outperformed by 133.5 percentage points (+27.7% for AGI against +161.2% for ARIS).
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.
AGI vs ARIS: side by side
| AGI (Alamos Gold Inc. Class A) | ARIS (Aris Mining Corporation) | |
|---|---|---|
| 1-year return | +27.7% | +161.2% |
| 5-year return | +404.0% | +482.3% |
| Volatility (ann.) | 46.1% | 56.8% |
| Beta vs S&P 500 | 0.76 | 0.93 |
| Max drawdown (3Y) | -49.6% | -41.1% |
| Market cap | $15.9B | $4.4B |
| P/E (trailing) | 13.5 | 14.7 |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | ARIS |
|---|---|---|
| 2022 | +33.1% | -39.6% |
| 2023 | +34.3% | +31.9% |
| 2024 | +37.7% | +6.5% |
| 2025 | +109.6% | +363.7% |
| 2026 | -1.6% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and ARIS good diversifiers for each other?
No: a correlation of 0.82 means AGI and ARIS tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AGI and ARIS?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.89 over the last year and 0.77 over 5 years.
Is ARIS a good diversifier for AGI?
No: a correlation of 0.82 means AGI and ARIS tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agi-vs-aris.json
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Related comparisons
Hubs: AGI correlations · ARIS correlations
