ASA vs SII: Correlation
How closely do ASA Gold and Precious Metals Limited (ASA) and Sprott Inc. (SII) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASA and SII?
On 3 years of weekly data the ASA/SII correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 1087.7 %².
Within ASA's tracked universe of 59 assets, SII comes in at #31 by 3-year correlation. The last year tells two different stories: SII led by 35.3 percentage points, +77.0% for ASA against +112.3% for SII.
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 SII: side by side
| ASA (ASA Gold and Precious Metals Limited) | SII (Sprott Inc.) | |
|---|---|---|
| 1-year return | +77.0% | +112.3% |
| 5-year return | +218.5% | +354.0% |
| Volatility (ann.) | 42.5% | 37.3% |
| Beta vs S&P 500 | 0.92 | 0.92 |
| Max drawdown (3Y) | -40.8% | -38.0% |
| Market cap | – | $3.5B |
| P/E (trailing) | 1.7 | 33.6 |
| Dividend yield | 0.11% | 1.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASA | SII |
|---|---|---|
| 2022 | -32.1% | -24.1% |
| 2023 | +5.4% | +5.0% |
| 2024 | +34.5% | +27.4% |
| 2025 | +195.6% | +135.0% |
| 2026 | +9.5% | +40.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASA and SII good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASA and SII?
The ASA/SII correlation stands at 0.69 on a 3-year window (1 year: 0.75, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is SII a good diversifier for ASA?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asa-vs-sii.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asa-vs-sii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASA correlations · SII correlations
