AGI vs OGG: Correlation
Alamos Gold Inc. Class A (AGI) and Osisko Gold Group Inc. (OGG) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and OGG?
On 3 years of weekly data the AGI/OGG correlation comes out at 0.61, strong. The link has tightened recently: the 1-year correlation (0.82) runs above the 3-year figure (0.61). The 5-year figure is 0.53, and annualized covariance runs at 1782.6 %².
By 3-year correlation, OGG places #21 of the 26 assets tracked against AGI. The trailing year gives AGI the advantage: +27.7% versus +13.2%, a 14.5-point spread.
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 OGG: side by side
| AGI (Alamos Gold Inc. Class A) | OGG (Osisko Gold Group Inc.) | |
|---|---|---|
| 1-year return | +27.7% | +13.2% |
| 5-year return | +404.0% | -73.6% |
| Volatility (ann.) | 46.1% | 63.4% |
| Beta vs S&P 500 | 0.76 | 1.12 |
| Max drawdown (3Y) | -49.6% | -65.8% |
| Market cap | $15.9B | $1.0B |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | OGG |
|---|---|---|
| 2022 | +33.1% | -55.5% |
| 2023 | +34.3% | -32.3% |
| 2024 | +37.7% | -44.0% |
| 2025 | +109.6% | +114.1% |
| 2026 | -1.6% | -9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and OGG good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AGI and OGG?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.82 over the last year and 0.53 over 5 years.
Is OGG a good diversifier for AGI?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGI correlations · OGG correlations
