ASA vs FURY: Correlation
Measured on weekly returns over the past three years, ASA Gold and Precious Metals Limited (ASA) and Fury Gold Mines Limited (FURY) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASA and FURY?
Over the past 3 years, ASA and FURY moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 1505.9 %².
By 3-year correlation, FURY places #47 of the 59 assets tracked against ASA. The last year tells two different stories: ASA led by 55.0 percentage points, +77.0% for ASA against +22.0% for FURY.
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 FURY: side by side
| ASA (ASA Gold and Precious Metals Limited) | FURY (Fury Gold Mines Limited) | |
|---|---|---|
| 1-year return | +77.0% | +22.0% |
| 5-year return | +218.5% | -17.1% |
| Volatility (ann.) | 42.5% | 62.8% |
| Beta vs S&P 500 | 0.92 | 0.82 |
| Max drawdown (3Y) | -40.8% | -46.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | 1.7 | – |
| Dividend yield | 0.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASA | FURY |
|---|---|---|
| 2022 | -32.1% | -33.3% |
| 2023 | +5.4% | +18.5% |
| 2024 | +34.5% | -26.9% |
| 2025 | +195.6% | +59.5% |
| 2026 | +9.5% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASA and FURY good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASA and FURY?
The ASA/FURY correlation stands at 0.56 on a 3-year window (1 year: 0.60, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is FURY a good diversifier for ASA?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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-fury.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asa-vs-fury/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASA correlations · FURY correlations
