AGIG vs ICON: Correlation
Measured on weekly returns over the past three years, Abundia Global Impact Group Inc. (AGIG) and Icon Energy Corp. (ICON) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and ICON?
Over the past 3 years, AGIG and ICON moved with a correlation of 0.43, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.12 versus 0.43 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8856.7 %².
Among the 34 assets we track against AGIG, ICON ranks #7 by 3-year correlation. Their 12-month results are close: -88.7% for AGIG against -91.1% for ICON.
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 ICON: side by side
| AGIG (Abundia Global Impact Group Inc.) | ICON (Icon Energy Corp.) | |
|---|---|---|
| 1-year return | -88.7% | -91.1% |
| 5-year return | -94.6% | n/a |
| Volatility (ann.) | 157.1% | 114.3% |
| Beta vs S&P 500 | -0.21 | 2.01 |
| Max drawdown (3Y) | -96.7% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | ICON |
|---|---|---|
| 2022 | +140.6% | – |
| 2023 | -48.0% | – |
| 2024 | -27.9% | – |
| 2025 | -84.7% | -99.2% |
| 2026 | -51.0% | -71.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and ICON good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGIG and ICON?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with -0.12 over the last year and n/a over 5 years.
Is ICON a good diversifier for AGIG?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/agig-vs-icon.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agig-vs-icon/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGIG correlations · ICON correlations
