ASM vs PLG: Correlation
Measured on weekly returns over the past three years, Avino Silver & Gold Mines Ltd. (ASM) and Platinum Group Metals Ltd. (PLG) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASM and PLG?
Across a 3-year window, the weekly returns of ASM and PLG correlate at 0.71, strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.66, with an annualized covariance of 4102.0 %².
By 3-year correlation, PLG places #6 of the 14 assets tracked against ASM. The last year tells two different stories: ASM led by 71.4 percentage points, +76.1% for ASM against +4.7% for PLG.
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 PLG: side by side
| ASM (Avino Silver & Gold Mines Ltd.) | PLG (Platinum Group Metals Ltd.) | |
|---|---|---|
| 1-year return | +76.1% | +4.7% |
| 5-year return | +657.8% | -41.5% |
| Volatility (ann.) | 77.8% | 74.7% |
| Beta vs S&P 500 | 1.95 | 1.36 |
| Max drawdown (3Y) | -53.1% | -64.4% |
| Market cap | $1.3B | – |
| P/E (trailing) | 28.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASM | PLG |
|---|---|---|
| 2022 | -20.9% | +10.1% |
| 2023 | -23.5% | -34.5% |
| 2024 | +69.2% | +12.3% |
| 2025 | +605.7% | +84.4% |
| 2026 | +24.5% | -34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASM and PLG good diversifiers for each other?
Only partially. A correlation of 0.71 means ASM and PLG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ASM and PLG?
The ASM/PLG correlation stands at 0.71 on a 3-year window (1 year: 0.76, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is PLG a good diversifier for ASM?
Only partially. A correlation of 0.71 means ASM and PLG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 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/asm-vs-plg.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ASM correlations · PLG correlations
