AGI vs WPM: Correlation
Alamos Gold Inc. Class A (AGI) and Wheaton Precious Metals Corp (WPM) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and WPM?
Over the past 3 years, AGI and WPM moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.86 over 3. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 1631.8 %².
Within AGI's tracked universe of 26 assets, WPM comes in at #4 by 3-year correlation. The last year tells two different stories: WPM led by 36.6 percentage points, +27.7% for AGI against +64.3% for WPM.
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 WPM: side by side
| AGI (Alamos Gold Inc. Class A) | WPM (Wheaton Precious Metals Corp) | |
|---|---|---|
| 1-year return | +27.7% | +64.3% |
| 5-year return | +404.0% | +275.2% |
| Volatility (ann.) | 46.1% | 41.1% |
| Beta vs S&P 500 | 0.76 | 0.82 |
| Max drawdown (3Y) | -49.6% | -37.4% |
| Market cap | $15.9B | $71.8B |
| P/E (trailing) | 13.5 | 34.6 |
| Dividend yield | 0.35% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | WPM |
|---|---|---|
| 2022 | +33.1% | -7.5% |
| 2023 | +34.3% | +27.9% |
| 2024 | +37.7% | +15.2% |
| 2025 | +109.6% | +109.8% |
| 2026 | -1.6% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and WPM good diversifiers for each other?
No: a correlation of 0.86 means AGI and WPM tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AGI and WPM?
The AGI/WPM correlation stands at 0.86 on a 3-year window (1 year: 0.91, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is WPM a good diversifier for AGI?
No: a correlation of 0.86 means AGI and WPM tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 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-wpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agi-vs-wpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGI correlations · WPM correlations
