AGI vs IAG: Correlation
How closely do Alamos Gold Inc. Class A (AGI) and Iamgold Corporation (IAG) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and IAG?
Across a 3-year window, the weekly returns of AGI and IAG correlate at 0.82, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.90 over 1 year against 0.82 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 2339.1 %².
Among the 26 assets we track against AGI, IAG ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IAG ahead by 107.5 points (+27.7% versus +135.2%).
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 IAG: side by side
| AGI (Alamos Gold Inc. Class A) | IAG (Iamgold Corporation) | |
|---|---|---|
| 1-year return | +27.7% | +135.2% |
| 5-year return | +404.0% | +832.5% |
| Volatility (ann.) | 46.1% | 61.7% |
| Beta vs S&P 500 | 0.76 | 1.24 |
| Max drawdown (3Y) | -49.6% | -43.3% |
| Market cap | $15.9B | $12.3B |
| P/E (trailing) | 13.5 | 10.9 |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | IAG |
|---|---|---|
| 2022 | +33.1% | -17.6% |
| 2023 | +34.3% | -1.9% |
| 2024 | +37.7% | +104.0% |
| 2025 | +109.6% | +219.6% |
| 2026 | -1.6% | +30.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and IAG good diversifiers for each other?
No. With a correlation of 0.82, AGI and IAG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AGI and IAG?
As of 2026-08-27, the correlation of weekly returns between AGI and IAG is 0.82 over 3 years, 0.90 over 1 year and 0.77 over 5 years.
Is IAG a good diversifier for AGI?
No. With a correlation of 0.82, AGI and IAG move nearly in lockstep, so holding both adds very little diversification.
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-iag.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agi-vs-iag/)
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Related comparisons
Hubs: AGI correlations · IAG correlations
