AGI vs KGC: Correlation
How closely do Alamos Gold Inc. Class A (AGI) and Kinross Gold Corporation (KGC) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and KGC?
On 3 years of weekly data the AGI/KGC correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.90) sits close to the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 1862.4 %².
Among the 26 assets we track against AGI, KGC ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KGC outperformed by 33.8 percentage points (+27.7% for AGI against +61.5% for KGC).
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 KGC: side by side
| AGI (Alamos Gold Inc. Class A) | KGC (Kinross Gold Corporation) | |
|---|---|---|
| 1-year return | +27.7% | +61.5% |
| 5-year return | +404.0% | +495.9% |
| Volatility (ann.) | 46.1% | 47.3% |
| Beta vs S&P 500 | 0.76 | 0.97 |
| Max drawdown (3Y) | -49.6% | -40.7% |
| Market cap | $15.9B | $38.6B |
| P/E (trailing) | 13.5 | 12.3 |
| Dividend yield | 0.35% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | KGC |
|---|---|---|
| 2022 | +33.1% | -27.6% |
| 2023 | +34.3% | +51.8% |
| 2024 | +37.7% | +55.6% |
| 2025 | +109.6% | +205.7% |
| 2026 | -1.6% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and KGC good diversifiers for each other?
No. With a correlation of 0.85, AGI and KGC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AGI and KGC?
The AGI/KGC correlation stands at 0.85 on a 3-year window (1 year: 0.90, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is KGC a good diversifier for AGI?
No. With a correlation of 0.85, AGI and KGC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 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.
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Related comparisons
Hubs: AGI correlations · KGC correlations
