AGI vs OR: Correlation
Alamos Gold Inc. Class A (AGI) and OR Royalties Inc. (OR) 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 OR?
Across a 3-year window, the weekly returns of AGI and OR correlate at 0.80, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.80 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 1397.3 %².
By 3-year correlation, OR places #14 of the 26 assets tracked against AGI. Twelve-month performance is nearly a tie, at +27.7% for AGI and +24.7% for OR.
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 OR: side by side
| AGI (Alamos Gold Inc. Class A) | OR (OR Royalties Inc.) | |
|---|---|---|
| 1-year return | +27.7% | +24.7% |
| 5-year return | +404.0% | +236.7% |
| Volatility (ann.) | 46.1% | 37.9% |
| Beta vs S&P 500 | 0.76 | 0.77 |
| Max drawdown (3Y) | -49.6% | -41.0% |
| Market cap | $15.9B | $7.2B |
| P/E (trailing) | 13.5 | 28.6 |
| Dividend yield | 0.35% | 0.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | OR |
|---|---|---|
| 2022 | +33.1% | +0.0% |
| 2023 | +34.3% | +19.8% |
| 2024 | +37.7% | +28.1% |
| 2025 | +109.6% | +96.4% |
| 2026 | -1.6% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and OR good diversifiers for each other?
No. With a correlation of 0.80, AGI and OR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AGI and OR?
As of 2026-08-27, the correlation of weekly returns between AGI and OR is 0.80 over 3 years, 0.85 over 1 year and 0.80 over 5 years.
Is OR a good diversifier for AGI?
No. With a correlation of 0.80, AGI and OR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 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-or.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agi-vs-or/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGI correlations · OR correlations
