AMZE vs VGZ: Correlation
Amaze Holdings, Inc. (AMZE) and Vista Gold Corp (VGZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZE and VGZ?
On 3 years of weekly data the AMZE/VGZ correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 3942.1 %².
Within AMZE's tracked universe of 13 assets, VGZ comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VGZ ahead by 203.6 points (-99.3% versus +104.3%). Note the risk asymmetry: AMZE runs 1.8 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.
AMZE vs VGZ: side by side
| AMZE (Amaze Holdings, Inc.) | VGZ (Vista Gold Corp) | |
|---|---|---|
| 1-year return | -99.3% | +104.3% |
| 5-year return | -100.0% | +197.5% |
| Volatility (ann.) | 139.4% | 77.0% |
| Beta vs S&P 500 | 1.68 | 1.31 |
| Max drawdown (3Y) | -99.9% | -49.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMZE | VGZ |
|---|---|---|
| 2022 | -80.8% | -29.6% |
| 2023 | -7.0% | -10.0% |
| 2024 | -36.0% | +24.4% |
| 2025 | -97.2% | +251.8% |
| 2026 | -94.4% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZE and VGZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMZE and VGZ?
As of 2026-08-27, the correlation of weekly returns between AMZE and VGZ is 0.37 over 3 years, 0.43 over 1 year and 0.30 over 5 years.
Is VGZ a good diversifier for AMZE?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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/amze-vs-vgz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amze-vs-vgz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMZE correlations · VGZ correlations
