AIFC vs GROY: Correlation
AI Financial Corporation (AIFC) and Gold Royalty Corp. (GROY) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIFC and GROY?
Over the past 3 years, AIFC and GROY moved with a correlation of 0.32, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 2509.9 %².
By 3-year correlation, GROY places #5 of the 11 assets tracked against AIFC. The last year tells two different stories: GROY led by 95.6 percentage points, -91.3% for AIFC against +4.3% for GROY. Note the risk asymmetry: AIFC runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AIFC vs GROY: side by side
| AIFC (AI Financial Corporation) | GROY (Gold Royalty Corp.) | |
|---|---|---|
| 1-year return | -91.3% | +4.3% |
| 5-year return | -91.3% | -15.6% |
| Volatility (ann.) | 142.2% | 55.2% |
| Beta vs S&P 500 | 0.34 | 1.04 |
| Max drawdown (3Y) | -96.4% | -51.6% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIFC | GROY |
|---|---|---|
| 2022 | -66.5% | -52.0% |
| 2023 | -59.1% | -36.3% |
| 2024 | +730.4% | -17.7% |
| 2025 | -76.3% | +233.9% |
| 2026 | -45.6% | -15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIFC and GROY good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIFC and GROY?
The AIFC/GROY correlation stands at 0.32 on a 3-year window (1 year: 0.35, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is GROY a good diversifier for AIFC?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aifc-vs-groy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aifc-vs-groy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIFC correlations · GROY correlations
