ARIS vs NFGC: Correlation
Aris Mining Corporation (ARIS) and New Found Gold Corp (NFGC) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARIS and NFGC?
Across a 3-year window, the weekly returns of ARIS and NFGC correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 2192.1 %².
Within ARIS's tracked universe of 11 assets, NFGC comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARIS outperformed by 145.8 percentage points (+161.2% for ARIS against +15.4% for NFGC).
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 NFGC: side by side
| ARIS (Aris Mining Corporation) | NFGC (New Found Gold Corp) | |
|---|---|---|
| 1-year return | +161.2% | +15.4% |
| 5-year return | +482.3% | -71.1% |
| Volatility (ann.) | 56.8% | 64.2% |
| Beta vs S&P 500 | 0.93 | 1.22 |
| Max drawdown (3Y) | -41.1% | -78.7% |
| Market cap | $4.4B | $0.7B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARIS | NFGC |
|---|---|---|
| 2022 | -39.6% | -43.5% |
| 2023 | +31.9% | -13.4% |
| 2024 | +6.5% | -48.0% |
| 2025 | +363.7% | +63.2% |
| 2026 | +31.0% | -34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARIS and NFGC good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARIS and NFGC?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.66 over the last year and 0.51 over 5 years.
Is NFGC a good diversifier for ARIS?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
A reading of 0.60 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-nfgc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aris-vs-nfgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARIS correlations · NFGC correlations
