ARIS vs KGC: Correlation
Measured on weekly returns over the past three years, Aris Mining Corporation (ARIS) and Kinross Gold Corporation (KGC) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARIS and KGC?
Across a 3-year window, the weekly returns of ARIS and KGC correlate at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. Stretching to 5 years gives 0.75, with an annualized covariance of 2141.0 %².
Among the 11 assets we track against ARIS, KGC ranks #5 by 3-year correlation. The last year tells two different stories: ARIS led by 99.7 percentage points, +161.2% for ARIS against +61.5% for KGC.
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.
ARIS vs KGC: side by side
| ARIS (Aris Mining Corporation) | KGC (Kinross Gold Corporation) | |
|---|---|---|
| 1-year return | +161.2% | +61.5% |
| 5-year return | +482.3% | +495.9% |
| Volatility (ann.) | 56.8% | 47.3% |
| Beta vs S&P 500 | 0.93 | 0.97 |
| Max drawdown (3Y) | -41.1% | -40.7% |
| Market cap | $4.4B | $38.6B |
| P/E (trailing) | 14.7 | 12.3 |
| Dividend yield | 0.00% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARIS | KGC |
|---|---|---|
| 2022 | -39.6% | -27.6% |
| 2023 | +31.9% | +51.8% |
| 2024 | +6.5% | +55.6% |
| 2025 | +363.7% | +205.7% |
| 2026 | +31.0% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARIS and KGC good diversifiers for each other?
No. With a correlation of 0.80, ARIS and KGC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ARIS and KGC?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.89 over the last year and 0.75 over 5 years.
Is KGC a good diversifier for ARIS?
No. With a correlation of 0.80, ARIS and KGC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 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/aris-vs-kgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aris-vs-kgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARIS correlations · KGC correlations
