ASA vs VZLA: Correlation
ASA Gold and Precious Metals Limited (ASA) and Vizsla Silver Corp. (VZLA) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASA and VZLA?
Over the past 3 years, ASA and VZLA moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 1846.1 %².
Among the 59 assets we track against ASA, VZLA ranks #28 by 3-year correlation. The last year tells two different stories: ASA led by 58.8 percentage points, +77.0% for ASA against +18.2% for VZLA.
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 VZLA: side by side
| ASA (ASA Gold and Precious Metals Limited) | VZLA (Vizsla Silver Corp.) | |
|---|---|---|
| 1-year return | +77.0% | +18.2% |
| 5-year return | +218.5% | +82.3% |
| Volatility (ann.) | 42.5% | 60.6% |
| Beta vs S&P 500 | 0.92 | 1.23 |
| Max drawdown (3Y) | -40.8% | -56.9% |
| Market cap | – | $1.5B |
| P/E (trailing) | 1.7 | – |
| Dividend yield | 0.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASA | VZLA |
|---|---|---|
| 2022 | -32.1% | – |
| 2023 | +5.4% | +8.7% |
| 2024 | +34.5% | +36.8% |
| 2025 | +195.6% | +219.9% |
| 2026 | +9.5% | -23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASA and VZLA good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASA and VZLA?
The ASA/VZLA correlation stands at 0.72 on a 3-year window (1 year: 0.76, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is VZLA a good diversifier for ASA?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASA correlations · VZLA correlations
