AGI vs B: Correlation
How closely do Alamos Gold Inc. Class A (AGI) and Barrick Mining Corporation (B) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and B?
Over the past 3 years, AGI and B moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.84 over 3. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 1574.1 %².
Among the 26 assets we track against AGI, B ranks #6 by 3-year correlation. The last year tells two different stories: B led by 55.4 percentage points, +27.7% for AGI against +83.1% for B.
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 B: side by side
| AGI (Alamos Gold Inc. Class A) | B (Barrick Mining Corporation) | |
|---|---|---|
| 1-year return | +27.7% | +83.1% |
| 5-year return | +404.0% | +171.9% |
| Volatility (ann.) | 46.1% | 40.7% |
| Beta vs S&P 500 | 0.76 | 0.87 |
| Max drawdown (3Y) | -49.6% | -33.4% |
| Market cap | $15.9B | $77.9B |
| P/E (trailing) | 13.5 | 12.2 |
| Dividend yield | 0.35% | 1.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | B |
|---|---|---|
| 2022 | +33.1% | -6.2% |
| 2023 | +34.3% | +7.9% |
| 2024 | +37.7% | -12.3% |
| 2025 | +109.6% | +186.9% |
| 2026 | -1.6% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and B good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AGI and B?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.85 over the last year and 0.81 over 5 years.
Is B a good diversifier for AGI?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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/agi-vs-b.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGI correlations · B correlations
