AGIG vs ATRC: Correlation
How closely do Abundia Global Impact Group Inc. (AGIG) and AtriCure, Inc. (ATRC) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and ATRC?
Over the past 3 years, AGIG and ATRC moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -1544.6 %².
By 3-year correlation, ATRC places #20 of the 34 assets tracked against AGIG. The last year tells two different stories: ATRC led by 120.8 percentage points, -88.7% for AGIG against +32.1% for ATRC. One caveat on sizing: AGIG is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AGIG vs ATRC: side by side
| AGIG (Abundia Global Impact Group Inc.) | ATRC (AtriCure, Inc.) | |
|---|---|---|
| 1-year return | -88.7% | +32.1% |
| 5-year return | -94.6% | -33.3% |
| Volatility (ann.) | 157.1% | 45.4% |
| Beta vs S&P 500 | -0.21 | 0.97 |
| Max drawdown (3Y) | -96.7% | -57.3% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | 224.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | ATRC |
|---|---|---|
| 2022 | +140.6% | -36.2% |
| 2023 | -48.0% | -19.6% |
| 2024 | -27.9% | -14.4% |
| 2025 | -84.7% | +29.5% |
| 2026 | -51.0% | +24.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and ATRC good diversifiers for each other?
Yes. With a correlation of -0.22, AGIG and ATRC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGIG and ATRC?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.15 over the last year and -0.18 over 5 years.
Is ATRC a good diversifier for AGIG?
Yes. With a correlation of -0.22, AGIG and ATRC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AGIG correlations · ATRC correlations
