AGI vs SKE: Correlation
How closely do Alamos Gold Inc. Class A (AGI) and Skeena Resources Limited (SKE) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and SKE?
Over the past 3 years, AGI and SKE moved with a correlation of 0.69, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.86 versus 0.69 over 3 years. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 1996.2 %².
Among the 26 assets we track against AGI, SKE ranks #19 by 3-year correlation. The last year tells two different stories: SKE led by 95.1 percentage points, +27.7% for AGI against +122.8% for SKE.
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 SKE: side by side
| AGI (Alamos Gold Inc. Class A) | SKE (Skeena Resources Limited) | |
|---|---|---|
| 1-year return | +27.7% | +122.8% |
| 5-year return | +404.0% | +205.9% |
| Volatility (ann.) | 46.1% | 62.6% |
| Beta vs S&P 500 | 0.76 | 1.42 |
| Max drawdown (3Y) | -49.6% | -36.1% |
| Market cap | $15.9B | $4.4B |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | SKE |
|---|---|---|
| 2022 | +33.1% | -49.0% |
| 2023 | +34.3% | -8.3% |
| 2024 | +37.7% | +78.7% |
| 2025 | +109.6% | +172.1% |
| 2026 | -1.6% | +48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and SKE good diversifiers for each other?
Only partially. A correlation of 0.69 means AGI and SKE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AGI and SKE?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.86 over the last year and 0.67 over 5 years.
Is SKE a good diversifier for AGI?
Only partially. A correlation of 0.69 means AGI and SKE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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-ske.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agi-vs-ske/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGI correlations · SKE correlations
