AGI vs EGO: Correlation
Measured on weekly returns over the past three years, Alamos Gold Inc. Class A (AGI) and Eldorado Gold Corporation (EGO) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and EGO?
On 3 years of weekly data the AGI/EGO correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 1868.9 %².
By 3-year correlation, EGO places #12 of the 26 assets tracked against AGI. Their recent paths diverged sharply: over the last 12 months EGO outperformed by 70.9 percentage points (+27.7% for AGI against +98.6% for EGO).
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 EGO: side by side
| AGI (Alamos Gold Inc. Class A) | EGO (Eldorado Gold Corporation) | |
|---|---|---|
| 1-year return | +27.7% | +98.6% |
| 5-year return | +404.0% | +463.3% |
| Volatility (ann.) | 46.1% | 50.3% |
| Beta vs S&P 500 | 0.76 | 0.73 |
| Max drawdown (3Y) | -49.6% | -44.0% |
| Market cap | $15.9B | $12.5B |
| P/E (trailing) | 13.5 | 16.7 |
| Dividend yield | 0.35% | 0.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | EGO |
|---|---|---|
| 2022 | +33.1% | -10.6% |
| 2023 | +34.3% | +55.1% |
| 2024 | +37.7% | +14.6% |
| 2025 | +109.6% | +141.6% |
| 2026 | -1.6% | +34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and EGO good diversifiers for each other?
No. With a correlation of 0.80, AGI and EGO move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AGI and EGO?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.81 over the last year and 0.80 over 5 years.
Is EGO a good diversifier for AGI?
No. With a correlation of 0.80, AGI and EGO move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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-ego.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agi-vs-ego/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGI correlations · EGO correlations
