ASA vs BVN: Correlation
ASA Gold and Precious Metals Limited (ASA) and Buenaventura Mining Company Inc. (BVN) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASA and BVN?
On 3 years of weekly data the ASA/BVN correlation comes out at 0.61, strong. The past 12 months show a tighter link (0.82) than the 3-year average (0.61). The 5-year figure is 0.60, and annualized covariance runs at 1169.1 %².
Within ASA's tracked universe of 59 assets, BVN comes in at #41 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BVN outperformed by 23.6 percentage points (+77.0% for ASA against +100.6% for BVN).
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.
ASA vs BVN: side by side
| ASA (ASA Gold and Precious Metals Limited) | BVN (Buenaventura Mining Company Inc.) | |
|---|---|---|
| 1-year return | +77.0% | +100.6% |
| 5-year return | +218.5% | +411.8% |
| Volatility (ann.) | 42.5% | 44.9% |
| Beta vs S&P 500 | 0.92 | 0.86 |
| Max drawdown (3Y) | -40.8% | -38.3% |
| Market cap | – | – |
| P/E (trailing) | 1.7 | 8.8 |
| Dividend yield | 0.11% | 3.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASA | BVN |
|---|---|---|
| 2022 | -32.1% | +2.5% |
| 2023 | +5.4% | +106.5% |
| 2024 | +34.5% | -24.1% |
| 2025 | +195.6% | +146.4% |
| 2026 | +9.5% | +34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASA and BVN good diversifiers for each other?
To a limited degree. At 0.61 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 ASA and BVN?
The ASA/BVN correlation stands at 0.61 on a 3-year window (1 year: 0.82, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is BVN a good diversifier for ASA?
To a limited degree. At 0.61 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 0.61 mean?
A reading of 0.61 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/asa-vs-bvn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asa-vs-bvn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASA correlations · BVN correlations
