ASA vs ITRG: Correlation
Measured on weekly returns over the past three years, ASA Gold and Precious Metals Limited (ASA) and Integra Resources Corp. (ITRG) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASA and ITRG?
Across a 3-year window, the weekly returns of ASA and ITRG correlate at 0.74, strong. The link has tightened recently: the 1-year correlation (0.89) runs above the 3-year figure (0.74). Stretching to 5 years gives 0.43, with an annualized covariance of 1985.0 %².
Within ASA's tracked universe of 59 assets, ITRG comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASA ahead by 37.7 points (+77.0% versus +39.3%).
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 ITRG: side by side
| ASA (ASA Gold and Precious Metals Limited) | ITRG (Integra Resources Corp.) | |
|---|---|---|
| 1-year return | +77.0% | +39.3% |
| 5-year return | +218.5% | +6.9% |
| Volatility (ann.) | 42.5% | 63.1% |
| Beta vs S&P 500 | 0.92 | 1.11 |
| Max drawdown (3Y) | -40.8% | -55.8% |
| Market cap | – | $0.6B |
| P/E (trailing) | 1.7 | 73.5 |
| Dividend yield | 0.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASA | ITRG |
|---|---|---|
| 2022 | -32.1% | -70.6% |
| 2023 | +5.4% | +67.5% |
| 2024 | +34.5% | -17.9% |
| 2025 | +195.6% | +360.9% |
| 2026 | +9.5% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASA and ITRG good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASA and ITRG?
As of 2026-08-27, the correlation of weekly returns between ASA and ITRG is 0.74 over 3 years, 0.89 over 1 year and 0.43 over 5 years.
Is ITRG a good diversifier for ASA?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ASA correlations · ITRG correlations
