AGI vs CGAU: Correlation
Measured on weekly returns over the past three years, Alamos Gold Inc. Class A (AGI) and Centerra Gold Inc. (CGAU) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and CGAU?
Over the past 3 years, AGI and CGAU 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 0.86 lands near the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 1719.0 %².
Within AGI's tracked universe of 26 assets, CGAU comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CGAU outperformed by 185.7 percentage points (+27.7% for AGI against +213.4% for CGAU).
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 CGAU: side by side
| AGI (Alamos Gold Inc. Class A) | CGAU (Centerra Gold Inc.) | |
|---|---|---|
| 1-year return | +27.7% | +213.4% |
| 5-year return | +404.0% | +269.1% |
| Volatility (ann.) | 46.1% | 45.7% |
| Beta vs S&P 500 | 0.76 | 1.13 |
| Max drawdown (3Y) | -49.6% | -29.5% |
| Market cap | $15.9B | $4.7B |
| P/E (trailing) | 13.5 | 7.6 |
| Dividend yield | 0.35% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | CGAU |
|---|---|---|
| 2022 | +33.1% | -30.2% |
| 2023 | +34.3% | +19.4% |
| 2024 | +37.7% | -1.4% |
| 2025 | +109.6% | +156.7% |
| 2026 | -1.6% | +70.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and CGAU good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AGI and CGAU?
The AGI/CGAU correlation stands at 0.82 on a 3-year window (1 year: 0.86, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is CGAU a good diversifier for AGI?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
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-cgau.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agi-vs-cgau/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGI correlations · CGAU correlations
