AGI vs GGN: Correlation
Alamos Gold Inc. Class A (AGI) and GAMCO Global Gold, Natural Resources & Income Trust (GGN) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and GGN?
Over the past 3 years, AGI and GGN moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 684.5 %².
By 3-year correlation, GGN places #13 of the 26 assets tracked against AGI. Twelve-month performance is nearly a tie, at +27.7% for AGI and +28.6% for GGN. Risk is not evenly split, since AGI carries 2.5 times the volatility of the other side.
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 GGN: side by side
| AGI (Alamos Gold Inc. Class A) | GGN (GAMCO Global Gold, Natural Resources & Income Trust) | |
|---|---|---|
| 1-year return | +27.7% | +28.6% |
| 5-year return | +404.0% | +128.2% |
| Volatility (ann.) | 46.1% | 18.5% |
| Beta vs S&P 500 | 0.76 | 0.36 |
| Max drawdown (3Y) | -49.6% | -16.9% |
| Market cap | $15.9B | – |
| P/E (trailing) | 13.5 | 2.8 |
| Dividend yield | 0.35% | 6.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | GGN |
|---|---|---|
| 2022 | +33.1% | +6.8% |
| 2023 | +34.3% | +14.1% |
| 2024 | +37.7% | +9.6% |
| 2025 | +109.6% | +48.2% |
| 2026 | -1.6% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and GGN good diversifiers for each other?
No: a correlation of 0.80 means AGI and GGN tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AGI and GGN?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.89 over the last year and 0.76 over 5 years.
Is GGN a good diversifier for AGI?
No: a correlation of 0.80 means AGI and GGN tend to fall together, which is precisely when diversification is supposed to help.
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-ggn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agi-vs-ggn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGI correlations · GGN correlations
