AGI vs GLD: Correlation
Alamos Gold Inc. Class A (AGI) and SPDR Gold Shares (GLD) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and GLD?
Over the past 3 years, AGI and GLD moved with a correlation of 0.79, which is strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.79 over 3. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 683.4 %².
Within AGI's tracked universe of 26 assets, GLD comes in at #15 by 3-year correlation. Over the last 12 months GLD came out ahead by 7.4 percentage points (+27.7% against +35.1%). 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 GLD: side by side
| AGI (Alamos Gold Inc. Class A) | GLD (SPDR Gold Shares) | |
|---|---|---|
| 1-year return | +27.7% | +35.1% |
| 5-year return | +404.0% | +149.5% |
| Volatility (ann.) | 46.1% | 18.7% |
| Beta vs S&P 500 | 0.76 | 0.18 |
| Max drawdown (3Y) | -49.6% | -26.4% |
| Market cap | $15.9B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 0.35% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | AGI | GLD |
|---|---|---|
| 2022 | +33.1% | -0.8% |
| 2023 | +34.3% | +12.7% |
| 2024 | +37.7% | +26.7% |
| 2025 | +109.6% | +63.7% |
| 2026 | -1.6% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and GLD good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AGI and GLD?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.82 over the last year and 0.77 over 5 years.
Is GLD a good diversifier for AGI?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
A reading of 0.79 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agi-vs-gld.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agi-vs-gld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGI correlations · GLD correlations
