ASM vs EXK: Correlation
Avino Silver & Gold Mines Ltd. (ASM) and Endeavour Silver Corporation (EXK) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASM and EXK?
Over the past 3 years, ASM and EXK moved with a correlation of 0.77, which is strong. Little has changed lately, as the 1-year reading of 0.86 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 4427.1 %².
Few assets follow ASM as closely as EXK, which ranks #2 of 14 tracked partners. On 12-month performance EXK holds a 14.1-point edge, +76.1% against +90.2%.
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.
ASM vs EXK: side by side
| ASM (Avino Silver & Gold Mines Ltd.) | EXK (Endeavour Silver Corporation) | |
|---|---|---|
| 1-year return | +76.1% | +90.2% |
| 5-year return | +657.8% | +146.7% |
| Volatility (ann.) | 77.8% | 74.1% |
| Beta vs S&P 500 | 1.95 | 1.93 |
| Max drawdown (3Y) | -53.1% | -51.3% |
| Market cap | $1.3B | $3.3B |
| P/E (trailing) | 28.6 | 53.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASM | EXK |
|---|---|---|
| 2022 | -20.9% | -23.2% |
| 2023 | -23.5% | -39.2% |
| 2024 | +69.2% | +85.8% |
| 2025 | +605.7% | +156.8% |
| 2026 | +24.5% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASM and EXK good diversifiers for each other?
To a limited degree. At 0.77 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 ASM and EXK?
The ASM/EXK correlation stands at 0.77 on a 3-year window (1 year: 0.86, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is EXK a good diversifier for ASM?
To a limited degree. At 0.77 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 0.77 mean?
A reading of 0.77 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: ASM correlations · EXK correlations
